Safety Insurance Group, Inc. (SAFT) Stock

Safety Insurance Group, Inc. (SAFT) is a Financials stock trading at $103.63 (as of 2026-08-21), with a market capitalization of $1.52B and a trailing P/E of 44.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Safety Insurance Group, Inc. provides property and casualty insurance in the United States, including private passenger and commercial automobile coverage, homeowners insurance, and personal umbrella policies. It also offers business owners policies for a range of commercial property and liability needs for business customers.

Understand Safety Insurance Group, Inc.: how it makes money

Safety Insurance Group sells private passenger and commercial automobile insurance, and homeowners insurance in the United States.

For insurers like Safety Insurance Group, underwriting performance is summarized by the Combined Ratio (GAAP), which reflects Loss Ratio (GAAP) and Expense Ratio (GAAP).

Business quality (Weak): Latest-quarter results point to weak underwriting economics and profitability pressure, but the company provides GAAP loss and expense metrics that help isolate the drivers.

Valuation: At 18× earnings, SAFT trades 40% above the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Clear underwriting diagnostic metrics: The company reports the Combined Ratio (GAAP), as well as Loss Ratio (GAAP) and Expense Ratio (GAAP), which helps investors identify what is driving results.
  • Fixed-maturity positioning is tracked: Duration on Fixed Maturities is reported (3.9), offering visibility into the interest-rate sensitivity of its fixed-maturity portfolio.

Bear case

  • Unfavorable underwriting result in the quarter: Combined Ratio (GAAP) was 113.4% for the latest period.
  • Profitability is negative at the operating level: Operating margin was -5.7% for the latest period.
  • Water-related homeowner loss activity was present: Incurred Water Damage was 0.03 USD_B and Burst Pipe Claims totaled 783 (count) in the latest period.
Valuation — source: SEC EDGAR (first-party)
Price$103.63
Market Cap$1.52B
P/E Ratio44.5
EV / EBITDA27.3
Price / Book1.74
Price / Sales1.19
FCF Yield6.7%
DCF Value (model)$129.89
DCF Upside vs Price25.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.26B
Net Margin7.9%
Revenue Growth (YoY)12.8%
EPS Growth (YoY)40.3%
FCF Growth (YoY)54.4%
Valuation vs Sector & Industry
Stock P/E44.5
Sector P/E (Financials)15.1
Industry P/E (Insurance)13.0
vs Sector194.8%
vs Industry241.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($162.41M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryInsurance
CEOGeorge Michael Murphy
Employees551
CountryUS
IPO Date2002-11-22

Related Companies (Business model: Property & Casualty Insurer; 8 closest by market cap; US-domiciled)

  • Horace Mann Educators Corporation (HMN)
  • Pelagos Insurance Capital Ltd (PLGO)
  • Kemper Corporation (KMPR)
  • United Fire Group, Inc. (UFCS)
  • ProAssurance Corporation (PRA)
  • Ategrity Specialty Holdings LLC (ASIC)
  • Universal Insurance Holdings, Inc. (UVE)
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SAFT earnings history · SAFT institutional & insider holders · SAFT KPIs & operating metrics · SAFT financials · SAFT investor presentations & press releases · SAFT SEC filings · SAFT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.