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Safety Insurance Group

SAFT

Safety Insurance Group Inc is a leading provider of property and casualty insurance, specializing in private passenger automobile, commercial automobile, and homeowners insurance.

Market cap
$1.51B+44.6%
Revenue$1.3B+10.7%
Net income$63.0M-13.1%
Free cash flow$170.3M+12.5%
EPS (diluted)$4.24-13.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$322.9M
EPS estimate$2.00

Financials

Q1 2026

Income statement

See full
Revenue$314.7M+4.4%
Net income-$14.3M-165%
EPS (diluted)-$0.99-167%

Balance sheet

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Cash & equivalents$54.8M-15.3%
Total debt$61.1M+36.8%
Total equity$855.8M+0.6%
Total assets$2.4B+6.3%

Cash flow

See full
Operating cash flow-$17.0M-637%
CapEx$1.8M+455%
Free cash flow-$18.9M-764%

Valuation & ratios

Valuation

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Market cap$1.51B+44.6%
Enterprise value$1.52B+46.5%
P/E24×+11.7×
P/S1.2×+0.3×

Profitability

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Net margin4.9%-1.4pp
FCF margin13.3%+0.2pp

Returns & leverage

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Return on equity7.4%-1.4pp
Debt / equity0.1×0.0×

Competitors

Profile

Safety Insurance Group Inc is a leading provider of property and casualty insurance, specializing in private passenger automobile, commercial automobile, and homeowners insurance. Operating primarily in Massachusetts, New Hampshire, and Maine, the company leverages a vast network of independent agents to deliver its products. Its core value proposition centers on deep regional market expertise, strong agent relationships, and a history of underwriting profitability.

Competitive position

Safety Insurance is the largest commercial automobile carrier and the fourth largest private passenger automobile carrier in Massachusetts. It maintains a dominant regional presence through an exclusive independent agent distribution model.

GeographiesMassachusetts, New Hampshire, Maine, United States
Customer segmentsRetail, SME
Business modelB2B2C, Underwriting, Brokerage Distribution
SuppliersReinsurance providers, Actuarial data providers, IT and SaaS vendors, Independent insurance agents
CustomersIndividual vehicle owners, Homeowners, Small business owners, Commercial fleet managers
Listed2002
Employees539.0
CEOGeorge Michael Murphy
FilingsSEC EDGAR

Questions, answered.

What is Safety Insurance Group's market cap?
Safety Insurance Group (SAFT) has a market capitalization of $1.5B and trades on NASDAQ.
What is Safety Insurance Group's revenue and profitability?
Safety Insurance Group generated $1.3B in trailing twelve-month revenue with net income of $63.0M, representing a net margin of 4.9%, with free cash flow of $170.3M. These figures are based on the Q1 2026 filing.
Who are Safety Insurance Group's competitors?
Safety Insurance Group's key competitors include The Travelers Insurance Company, Progressive Casualty Insurance Company, Mercury General Corp., and others. These companies compete in similar markets and product categories.
Who does Safety Insurance Group partner with?
Safety Insurance Group's notable partners include Commonwealth Automobile Reinsurers, Hartford Steam Boiler Inspection and Insurance Company, Boston Software, and others.
What subsidiaries does Safety Insurance Group have?
Safety Insurance Group's subsidiaries include Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company, and others.
Where is Safety Insurance Group headquartered?
Safety Insurance Group is headquartered in United States of America and employs approximately 539 people. It has been publicly traded since 2002.