SAFTNasdaqFire, Marine & Casualty InsuranceFiscal year ends December 31
SAFETY INSURANCE GROUP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$103.85−0.18 (-0.17%)
Close on Oct 19, 2026
- Market cap
- $1.51B
- P/E (TTM)
- 22.4
- Dividend yield
- 3.51%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
7.9%−8.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.8% | +16.6% | +8.4% | +4.7% | |
| Net income | +40.3% | +28.7% | -6.4% | – | |
| EPS, diluted | +40.2% | +28.6% | -6.1% | – | |
| Free cash flow | +54.4% | +65.7% | +14.0% | +26.1% | |
| Dividend per share | +1.1% | +0.4% | +0.2% | +2.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 9.8% | 16.3% | 11.5% | |
| Return on assets | 3.7% | 6.8% | 4.2% | |
| Capex to revenue | 0.6% | 1.2% | 0.2% | |
| Diluted shares | 15M | 15M | 15M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Safety Insurance generated $561.02M from operations and spent $337.91M on capital expenditure, dividends and share buybacks. 6% of that went back into the business.
Generated
$561.02M
Used
$337.91M
Capital expenditure$18.97M6%Dividends$267.53M79%Share buybacks$51.41M15%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.9%
×Asset turnover0.53×
×Equity multiplier2.76×
=Return on equity, FY202511.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.9% | 0.53× | 2.76× | 11.5% |
| FY2024 | 6.3% | 0.51× | 2.67× | 8.7% |
| FY2023 | 2.0% | 0.46× | 2.52× | 2.3% |
| FY2022 | 5.8% | 0.39× | 2.35× | 5.4% |
| FY2021 | 14.8% | 0.42× | 2.30× | 14.4% |
| FY2020 | 16.3% | 0.42× | 2.41× | 16.3% |
| FY2019 | 11.3% | 0.45× | 2.54× | 13.0% |
| FY2018 | 9.9% | 0.46× | 2.58× | 11.7% |
| FY2017 | 7.4% | 0.47× | 2.60× | 9.1% |
| FY2016 | 7.9% | 0.47× | 2.63× | 9.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$99.26M
- Cash generatingOperating cash flow above zero$194.50M
- Return on assets improvedROA up on the prior year3.4% → 4.4%
- Earnings backed by cashOperating cash flow above net income$194.50M vs $99.26M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise15M → 15M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.53 → 0.56