(SAFT) Safety Insurance - Overview
Sector: Financial Services | Industry: Insurance - Property & Casualty | Exchange: NASDAQ (USA) | Market Cap: 1.068m USD | Total Return: -8.4% in 12m
Avg Turnover: 5.98M
EPS Trend: 78.2%
Qual. Beats: -1
Rev. Trend: 98.7%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Safety Insurance Group Inc. (SAFT) underwrites and sells property and casualty insurance products. The companys primary offerings include private passenger and commercial automobile insurance, homeowner policies, and business owner policies. These products provide coverage for various risks, including bodily injury, property damage, and physical damage to vehicles and properties.
The company operates predominantly in Massachusetts and distributes its insurance products through independent agents. The property and casualty insurance sector is characterized by a business model focused on risk assessment, premium collection, and claims management. Insurance companies generate revenue through premiums and investment income on those premiums.
SAFT also offers specialized coverages such as personal and commercial umbrella policies, dwelling fire insurance, inland marine coverage, and watercraft coverage. These offerings diversify its product portfolio beyond core auto and home insurance. Further research on ValueRay can provide more in-depth data on SAFTs financial performance and market position.
- Massachusetts auto insurance rates impact premium revenue
- Catastrophic weather events increase claims costs
- Investment portfolio performance affects profitability
- Regulatory changes in insurance pricing create uncertainty
| Net Income: 63.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.39 > 1.0 |
| NWC/Revenue: -21.78% < 20% (prev 31.08%; Δ -52.86% < -1%) |
| CFO/TA 0.07 > 3% & CFO 174.3m > Net Income 63.0m |
| Net Debt (-681.1m) to EBITDA (86.8m): -7.85 < 3 |
| Current Ratio: 0.82 > 1.5 & < 3 |
| Outstanding Shares: last quarter (14.5m) vs 12m ago -1.67% < -2% |
| Gross Margin: 32.70% > 18% (prev 0.35%; Δ 3.23k% > 0.5%) |
| Asset Turnover: 53.72% > 50% (prev 49.87%; Δ 3.85% > 0%) |
| Interest Coverage Ratio: 39.43 > 6 (EBITDA TTM 86.8m / Interest Expense TTM 2.04m) |
| A: -0.11 (Total Current Assets 1.29b - Total Current Liabilities 1.57b) / Total Assets 2.43b |
| B: 0.34 (Retained Earnings 816.3m / Total Assets 2.43b) |
| C: 0.03 (EBIT TTM 80.6m / Avg Total Assets 2.36b) |
| D: 0.50 (Book Value of Equity 789.1m / Total Liabilities 1.58b) |
| Altman-Z'' = 1.10 = BB |
| DSRI: 0.94 (Receivables 497.2m/478.5m, Revenue 1.27b/1.14b) |
| GMI: 1.08 (GM 32.70% / 35.37%) |
| AQI: 0.56 (AQ_t 0.47 / AQ_t-1 0.83) |
| SGI: 1.11 (Revenue 1.27b / 1.14b) |
| TATA: -0.05 (NI 63.0m - CFO 174.3m) / TA 2.43b) |
| Beneish M = -3.23 (Cap -4..+1) = AA |
As of May 26, 2026, the stock is trading at USD 72.72 with a total of 80,300 shares traded.
Over the past week, the price has changed by +2.38%,
over one month by -4.92%,
over three months by -6.20% and
over the past year by -8.39%.
Safety Insurance has no consensus analysts rating.
| Analysts Target Price | 70 | -3.7% |
P/E Trailing = 17.1915
P/E Forward = 17.1233
P/S = 0.8362
P/B = 1.249
P/EG = 0.9538
Revenue TTM = 1.27b USD
EBIT TTM = 80.6m USD
EBITDA TTM = 86.8m USD
Long Term Debt = 11.1m USD (estimated: total debt 61.1m - short term 50.0m)
Short Term Debt = 50.0m USD (from shortTermDebt, last quarter)
Debt = 72.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 11.1m
Net Debt = -681.1m USD (calculated: Debt 72.2m - CCE 753.3m)
Enterprise Value = 386.6m USD (1.07b + Debt 72.2m - CCE 753.3m)
Interest Coverage Ratio = 39.43 (Ebit TTM 80.6m / Interest Expense TTM 2.04m)
EV/FCF = 2.27x (Enterprise Value 386.6m / FCF TTM 170.3m)
FCF Yield = 44.04% (FCF TTM 170.3m / Enterprise Value 386.6m)
FCF Margin = 13.41% (FCF TTM 170.3m / Revenue TTM 1.27b)
Net Margin = 4.97% (Net Income TTM 63.0m / Revenue TTM 1.27b)
Gross Margin = 32.70% ((Revenue TTM 1.27b - Cost of Revenue TTM 854.4m) / Revenue TTM)
Gross Margin QoQ = 21.44% (prev 34.13%)
Tobins Q-Ratio = 0.16 (Enterprise Value 386.6m / Total Assets 2.43b)
Interest Expense / Debt = 2.83% (Interest Expense 2.04m / Debt 72.2m)
Taxrate = 21.65% (27.4m / 126.7m)
NOPAT = 63.1m (EBIT 80.6m * (1 - 21.65%))
Current Ratio = 0.82 (Total Current Assets 1.29b / Total Current Liabilities 1.57b)
Debt / Equity = 0.08 (Debt 72.2m / totalStockholderEquity, last quarter 855.8m)
Debt / EBITDA = -7.85 (Net Debt -681.1m / EBITDA 86.8m)
Debt / FCF = -4.00 (Net Debt -681.1m / FCF TTM 170.3m)
Total Stockholder Equity = 880.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.67% (Net Income 63.0m / Total Assets 2.43b)
RoE = 7.16% (Net Income TTM 63.0m / Total Stockholder Equity 880.2m)
RoCE = 9.04% (EBIT 80.6m / Capital Employed (Equity 880.2m + L.T.Debt 11.1m))
RoIC = 7.04% (NOPAT 63.1m / Invested Capital 897.2m)
WACC = 6.57% (E(1.07b)/V(1.14b) * Re(6.86%) + D(72.2m)/V(1.14b) * Rd(2.83%) * (1-Tc(0.22)))
Discount Rate = 6.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: -0.55%
[DCF] Terminal Value 76.93% ; FCFF base≈162.7m ; Y1≈180.2m ; Y5≈232.3m
[DCF] Fair Price = 287.7 (EV 3.54b - Net Debt -681.1m = Equity 4.22b / Shares 14.7m; r=8.35% [WACC [floored]]; 5y FCF grow 12.49% → 2.50% )
EPS Correlation: 78.16 | EPS CAGR: 66.13% | SUE: -1.09 | # QB: -1
Revenue Correlation: 98.73 | Revenue CAGR: 16.92% | SUE: N/A | # QB: 0