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Regional insurer selling personal and commercial auto and homeowners insurance mainly in Massachusetts.
Regional insurer selling personal and commercial auto and homeowners insurance mainly in Massachusetts.
Collects premiums up front and pays claims later, so profit depends on pricing policies to cover claims, and Massachusetts rules on auto-insurance rates shape the economics. It sells through independent agents, and investment income on the premiums held adds to results.
Moat: narrow (scale, distribution). Deep independent-agent relationships and regional underwriting data give a scale edge in its home state.
Headquarters: Boston, Massachusetts, US · Founded: 1979 · Employees: 568
Size Safety Insurance (SAFT) is a United States Financials company (Property/Casualty Insurance) with a market value of $1.53B, the 1978th largest of 3,117 United States companies the cockpit tracks. Shares closed at $104.27 on 6 Nov 2026.
Performance Over six months the shares gained 46.0%, against +18.5% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 7.0% over the last twelve months (peer median +9.5%); the operating margin is 6.5% (peer median 21.0%).
Valuation It trades at 1.75× book value against a peer median of 1.68× (9th most expensive of 21).
Price implies The share price implies a return on equity of about 8.9%; Safety Insurance delivers 7.8%, so the price asks more than the business earns today.
Short interest Short interest is 2.5% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.28B | $1.25B | $1.11B | $921M | $795M |
| Revenue growth | — | +13% | +20% | +16% | — |
| Net income | $68.6M | $99.3M | $70.7M | $18.8M | $46.6M |
| Free cash flow | $176M | $192M | $124M | $50.3M | $42.2M |
| Capital expenditure | $4.58M | $2.51M | $4.37M | $1.78M | $2.09M |
| Total debt | $59.8M | $61.9M | $45.7M | $49.8M | $58.3M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SAFT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.3% | -0.2% | 10th highest of 21 |
| 6-month return | +46.0% | +18.5% | 3rd highest of 20 |
| Return on equity | 7.8% | 15.8% | 5th lowest of 20 |
| Price / book | 1.75× | 1.68× | 9th most expensive of 21 |
| Trailing P/E | 22.4× | 11.0× | 5th most expensive of 19 |
| ROE the price implies | 8.9% | 9.4% | 8th least demanding of 20 |
| ROE delivered | 7.8% | 15.8% | 5th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Safety Insurance SAFT | United States | $1.53B | +46% | +7% | 8% | 1.75× | 8.9% | 7.8% |
| Shinkong Insurance 2850.TW | Taiwan | $1.51B | +21% | +22% | 24% | 2.27× | 6.6% | 24.0% |
| Universal Insurance UVE | United States | $1.29B | +19% | +6% | 41% | 2.00× | 13.1% | 40.8% |
| United Fire UFCS | United States | $1.23B | -1% | +11% | 15% | 1.31× | 9.0% | 14.9% |
| Kemper KMPR | United States | $1.97B | +10% | -4% | -19% | 0.90× | 9.4% | -19.3% |
| Ategrity Specialty Insurance ASIC | United States | $1.16B | +23% | +30% | 16% | 1.89× | 9.3% | 15.8% |
| Horace Mann Educators HMN | United States | $2.16B | +20% | +4% | 12% | 1.46× | 7.9% | n/a |
| Lancashire LRE.L | United Kingdom | $2.24B | +18% | -2% | 22% | 1.49× | 12.7% | 21.8% |
| Porch PRCH | United States | $2.26B | +80% | +20% | n/a | 345.11× | 5,821.2% | n/a |
| Hyundai M&F INS 001450.KS | South Korea | $2.29B | +38% | -5% | 21% | 0.51× | 4.2% | 21.0% |
| HCI HCI | United States | $2.31B | +22% | +23% | 34% | 2.15× | 17.3% | 33.8% |
| Heritage Insurance HRTG | United States | $984M | +48% | +2% | 42% | 1.64× | 14.1% | 41.7% |
| Hippo HIPO | United States | $929M | +28% | +21% | 7% | 1.98× | 22.6% | 7.2% |
| Orion180 Insurance OIG | United States | $888M | n/a | +38% | 77% | 73.37× | n/a | n/a |
| Zenkoku Hosho 7164.T | Japan | $2.69B | +1% | +2% | 14% | 1.74× | 6.2% | 14.1% |
| Employers EIG | United States | $830M | +13% | -13% | 3% | 1.06× | 7.7% | 3.0% |
| NMI NMIH | United States | $2.94B | 0% | +8% | 15% | 1.10× | 7.9% | 15.4% |
| SiriusPoint SPNT | United States | $3.06B | +12% | +23% | 23% | 1.34× | 9.5% | 23.1% |
| Palomar PLMR | United States | $4.10B | +37% | +60% | 22% | 4.16× | 17.0% | 22.2% |
| Lotte Non-Life Insurance 000400.KS | South Korea | $569M | +18% | +19% | -2% | 0.82× | 5.1% | -2.1% |
| Sabre Insurance SBRE.L | United Kingdom | $565M | +17% | -10% | 15% | 1.72× | 9.5% | 15.0% |