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Safety Insurance Group, Inc.(SAFT)Earnings, Financials & Key Ratios
SAFT•NASDAQ•Insurance & Managed Care
$78.28
11.7× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryProperty & Casualty InsuranceSub-IndustryPersonal auto and homeowners insurers
AboutSafety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in the United States. The company's private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils. It also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, the company offers business owners policies that cover apartments and residential condominiums, restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesalers. Further, it provides personal umbrella policies, which provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner's insurance policies; and commercial umbrella and business owner policies, as well as underwrites dwelling fire insurance for non-owner-occupied residences. Additionally, the company offers inland marine coverage for homeowners and business owner policies, and watercraft coverage for small and medium sized pleasure crafts. It distributes its products through independent agents. The company was formerly known as Safety Holdings Inc and changed its name to Safety Insurance Group, Inc. in April 2002. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts.Show more
- Revenue$1.25B+13.0%
- Combined Ratio89.9%-2.2%
- Net Income$99M+40.3%
- Return on Equity11.54%+33.1%
- Medical Cost Ratio63.57%-1.6%
- Operating Margin10.1%+24.7%
- Net Margin7.91%+24.2%
- ROA4.19%+29.2%
- Equity / Assets36.11%-1.1%
SAFT Price & Volume
Safety Insurance Group, Inc. (SAFT) stock price & volume — 10-year historical chart
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Regional Underwriting Volatility Strains Capital Accumulation Trajectory
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Fortress
Cash Flow:Deteriorating
Primary Risk:Regional underwriting loss volatility
Key Thesis Takeaways
- Safety Insurance Group faces significant headwinds as its concentrated Massachusetts market exposure leads to inconsistent underwriting performance, evidenced by a 105.7% combined ratio in 2026Q1.
- While the company maintains a fortress-like balance sheet with a 0.07% debt-to-equity ratio, the erosion of equity to $855.8 million suggests that current inflationary pressures on claims are outpacing premium growth.
- Investors should monitor whether the firm can restore underwriting profitability or if the current dividend yield of 4.9% remains sustainable amidst ongoing cash flow volatility.
Verdict Logic
the company's inability to maintain underwriting profitability, as shown by the 105.7% combined ratio in 2026Q1, creates significant uncertainty regarding the long-term sustainability of its 4.9% dividend yield.
SAFT Growth Metrics
Safety Insurance Group, Inc. (SAFT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.55%
5 Years8.33%
3 Years16.9%
TTM11.09%
Profit CAGR
10 Years-
5 Years-6.41%
3 Years28.7%
TTM-13.12%
EPS CAGR
10 Years-
5 Years-6.1%
3 Years28.6%
TTM-13.5%
Return on Capital
10 Years6.55%
5 Years6.52%
3 Years7.09%
Last Year15.76%
SAFT Recent Earnings
Safety Insurance Group, Inc. (SAFT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.72-149.7%
$1.45
Rev
$300M-4.8%
$315M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$1.51+18.0%
$1.28
Rev
$300M-5.0%
$315M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$1.48-17.8%
$1.80
Rev
$323M
—
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$1.45-9.4%
$1.60
Rev
$316M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.72vs $1.45-149.7% | $300Mvs $315M-4.8% |
| Q1 2026 | Feb 25, 2026 | $1.51vs $1.28+18.0% | $300Mvs $315M-5.0% |
| Q4 2025 | Nov 3, 2025 | $1.48vs $1.80-17.8% | $323M |
| Q3 2025 | Aug 6, 2025 | $1.45vs $1.60-9.4% | $316M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Safety Insurance Group, Inc. (SAFT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $78.28 | $1.15B | 11.68 | 13.01% | 7.91% | 11.54% | 4.67% | |
| $256.37 | $11.84B | 24.14 | 7.17% | 13.2% | 25.03% | — | |
| $29.50 | $1.74B | 12.88 | 3.62% | 0.89% | 1.53% | — | |
| $145.29 | $3.85B | 20.26 | 58.16% | 20.15% | 21.74% | — | |
| $27.20 | $825.52M | 4.30 | 3.71% | 25.99% | 43.68% | — | |
| $180.41 | $2.34B | 7.25 | 20.21% | 32.64% | 30.81% | — |
Compare SAFT vs Peers
Safety Insurance Group, Inc. (SAFT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SAFT SEC Filings & Documents
Safety Insurance Group, Inc. (SAFT) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SAFT Frequently Asked Questions
Safety Insurance Group, Inc. (SAFT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Safety Insurance Group, Inc. growing?
Safety Insurance Group, Inc. (SAFT) grew revenue by 13.0% over the past year. This is steady growth.
Is SAFT profitable?
Yes, Safety Insurance Group, Inc. (SAFT) is profitable, generating $63.0M in net income for fiscal year 2025 (7.9% net margin).
Dividend & Returns
Does SAFT pay dividends?
Yes, Safety Insurance Group, Inc. (SAFT) pays a dividend with a yield of 4.67%. This makes it attractive for income-focused investors.
What is SAFT's return on equity?
Safety Insurance Group, Inc. (SAFT) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.
Industry Metrics
What is Safety Insurance Group, Inc.'s combined ratio?
Safety Insurance Group, Inc. (SAFT) has a combined ratio of 89.9%. A ratio below 100% indicates underwriting profitability.