SAFETY INSURANCE GROUP INC (SAFT)
Financials · Regional property and casualty insurance · NASDAQ
A leading Massachusetts-based property & casualty insurer specializing in private passenger auto, commercial auto, and homeowners coverage through an independent agent network.
What SAFETY INSURANCE GROUP INC does
Safety Insurance Group is a regional property and casualty insurer operating exclusively in Massachusetts, New Hampshire, and Maine through its insurance subsidiaries. The company is the fourth-largest private passenger auto carrier, the largest commercial auto carrier, and the third-largest homeowners insurer in Massachusetts, with a strong network of 797 independent agents in 1,063 locations. Its product portfolio includes private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies, leveraging longstanding relationships with independent agents in the Massachusetts market where agent-based distribution represents 68.8% of the market.
Themes: ["Regional property & casualty insurance","Independent agent distribution","Automobile insurance","Homeowners insurance"]
Fundamentals
- Price$75.93 as of 2026-07-09 close
- Market cap$1.1B as of 2026-07-10
- 1-year return+2.8% as of 2026-07-09 close
- P/E17.72 as of 2026-07-10
- Net margin+5.0% as of 2026-07-10
- ROE+7.2% as of 2026-07-10
- Debt / equity0.06 as of 2026-07-10
- Revenue growth (YoY)+11.5% as of 2026-07-10
- Revenue CAGR (3y)+16.6% SEC XBRL
- Beta0.22 as of 2026-07-10
Dividend: yield +4.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Concentration risk: operating exclusively in Massachusetts, New Hampshire, and Maine exposes the company to regional economic downturns and natural disasters affecting a limited geographic footprint.","Loss reserves and underwriting risk: increased losses and loss adjustment expenses (up to $813M as of Q1 2026) and unfavorable claims experience could erode profitability and capital.","Competition from national carriers: competition with larger national insurance carriers and other regional providers for independent agent relationships and market share."]
Competitors & peers
- National General Holdings Corp
- Progressive Corporation
- State Farm
- GEICO (Berkshire subsidiary)
- Allstate Corporation
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.