Saturday 17 October 2026 Export SAFT’s income statement to Excel — free account

Safety Insurance Group, Inc.

SAFT Financial Insurance Property & Casualty

Safety Insurance Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 12.8% from fiscal 2024. In the quarter to June 2026, revenue grew 2.95%, EPS grew 21.0%, free cash flow grew 16.9% and total debt rose 66.7%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.

104.03 0.03 +0.03%

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Market cap: $1.5B
P/E: 22.4×
Fwd P/E: 0.0×
Dividend yield: 3.54%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 138.65

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	3	2	—	—	—	5	—	—	—

Insider Ownership 1.18%

Capital & Financial Ratios $m

Market Cap 1,530.00

Revenue 1,286.31

Net Income 68.62

Free Cash Flow 175.72

Net Debt (17.92)

Current Ratio 0.40

Debt/Equity 0.06

P/E ratio 22.37

Fwd P/E 0.00

P/S ratio 1.17

P/B ratio 1.72

Past 5Y EPS Growth (6.10%)

This Y EPS Growth (28.32%)

Next Y EPS Growth 62.65%

Next Y revenue growth (100.00%)

Next 5Y EPS Growth 9.01%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 79.68%

10-year low 10-year high

P/S against its own 10 years 27.20%

10-year low 10-year high

P/B against its own 10 years 81.64%

10-year low 10-year high

Dividends

Payout Ratio 0.79

Annual Dividend Rate 3.68

Annual Dividend Yield 3.54%

	total	individual payouts
2026	2.76	0.92 0.92 0.92
2025	3.64	0.90 0.90 0.92 0.92
2024	3.60	0.90 0.90 0.90 0.90
2023	3.60	0.90 0.90 0.90 0.90
2022	3.60	0.90 0.90 0.90 0.90
2021	3.60	0.90 0.90 0.90 0.90
2020	3.60	0.90 0.90 0.90 0.90
2019	3.40	0.80 0.80 0.90 0.90
2018	3.20	0.80 0.80 0.80 0.80
2017	3.00	0.70 0.70 0.80 0.80
2016	2.80	0.70 0.70 0.70 0.70

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	38	59	74	68
Receivables	416	506	523	563
Inventory	—	—	—	—
Other	—	—	—	—
	454	565	597	631

	2023	2024	2025	Q'26
Payables	1,213	1,395	1,513	1,567
ST’ Debt	—	30	—	—
Other	—	—	—	—
	1,213	1,425	1,513	1,567

Compound Annual Growth %

	10y	5y	3y
Sales	4.71%	8.35%	16.58%
Cash Flow	23.86%	12.18%	63.71%
Earnings	0.00%	(6.41%)	28.89%
Book Value	3.31%	0.17%	3.19%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	315	326	—	—	—
’25	301	316	327	319	1,264
’24	268	270	295	287	1,120
’23	214	229	229	258	931
’22	195	184	192	227	798
’21	222	223	214	226	885
’20	181	208	222	235	846

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(17)	38	—	—	—
’25	3	32	85	74	194
’24	(21)	26	74	50	129
’23	(13)	(1)	31	35	52
’22	(15)	15	24	21	44
’21	13	50	48	31	141
’20	(29)	54	51	33	109

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(19)	38	—	—	—
’25	3	32	93	64	192
’24	(24)	29	76	43	124
’23	(13)	2	27	35	50
’22	(16)	16	23	22	45
’21	(55)	116	43	34	138
’20	(31)	51	48	37	105

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.99)	2.36	—	—	—
’25	1.48	1.95	1.91	1.36	6.70
’24	1.36	1.13	1.73	0.55	4.78
’23	(0.84)	1.15	0.13	0.83	1.28
’22	0.53	0.53	0.42	1.67	3.15
’21	2.42	2.49	1.64	2.14	8.80
’20	(0.13)	2.78	2.96	3.55	9.18

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	52.23	65.75	70.45	77.58	65.45	72.75	76.78	65.78	71.99	67.04	Analyst estimates 2026–2028 Powerpack
	High	75.05	84.00	99.70	103.96	95.93	87.98	99.75	88.66	90.00	84.20
People
People	Employees	643	623	627	609	586	552	538	539	551	568
	Revenue/emp, $m	1.27	1.35	1.33	1.44	1.44	1.60	1.48	1.73	2.03	2.22
Income, $m
Income, $m	Revenue	820	839	836	878	846	885	798	931	1,120	1,264
	Gross margin, %	11.39	10.34	12.47	14.10	20.70	18.62	7.58	3.45	8.76	10.77
	EBT	93	87	104	124	175	164	60	24	90	127
	EBT margin, %	11.38	10.33	12.46	14.09	20.65	18.56	7.47	2.62	8.02	10.02
	Net income	65	62	83	100	138	131	47	19	71	99
	Depreciation	10	12	11	10	14	11	8	7	10	5
Per share, $
Per share, $	Revenue	54.85	55.90	55.47	57.74	56.41	59.67	54.60	63.49	76.23	85.90
	Earnings	4.29	4.13	5.48	6.52	9.25	8.85	3.17	1.28	4.79	6.75
	Cash flow	6.61	5.47	8.47	7.40	7.30	9.54	3.03	3.55	8.76	13.22
	Capex	(0.33)	0.11	(0.29)	(0.49)	(0.27)	(0.24)	0.06	(0.12)	(0.30)	(0.17)
	Free cash flow	6.28	5.57	8.18	6.91	7.02	9.29	3.09	3.43	8.46	13.05
	Book value	44.88	46.70	47.66	53.18	58.97	62.52	55.59	54.85	56.39	60.65
	Shares, m	15	15	15	15	15	15	15	15	15	15
Valuation, ×
Valuation, ×	P/E	17.13	19.05	14.93	14.17	8.44	9.73	27.29	60.58	17.24	11.61
	P/S	1.34	1.40	1.47	1.60	1.38	1.42	1.58	1.21	1.08	0.91
	P/B	1.64	1.68	1.72	1.74	1.32	1.36	1.56	1.40	1.46	1.28
	EV/Sales	1.32	1.35	1.43	1.59	1.35	1.39	1.60	1.20	1.08	0.91
	EV/FCF	11.48	13.58	9.70	13.30	10.87	8.91	28.19	22.25	9.75	6.00
Cash, $m
Cash, $m	Operating cash flow	99	82	128	112	109	141	44	52	129	194
	Capex	(5)	2	(4)	(7)	(4)	(4)	1	(2)	(4)	(3)
	Free cash flow	94	84	123	105	105	138	45	50	124	192
Balance, $m
Balance, $m	Working capital	(708)	(706)	(725)	(738)	(708)	(708)	(716)	(760)	(860)	(916)
	Total debt	—	—	—	29	30	30	35	30	30	50
	Net debt	(20)	(42)	(38)	(15)	(24)	(34)	10	(8)	(29)	(24)
	Shareholders’ equity	671	701	719	808	885	927	812	804	828	892
Returns, %
Returns, %	ROA	3.71	3.50	4.51	5.11	6.78	6.27	2.27	0.93	3.24	4.19
	ROIC	8.97	8.23	9.58	9.75	12.72	11.53	4.57	1.98	7.07	9.23
	ROE	9.75	9.10	11.65	12.98	16.33	14.43	5.33	2.34	8.66	11.54

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PRCH Porch Group, Inc.	$2.0B	— (loss-making)	— (loss-making)	+11.74% (above 0%: growing)	n/m	+13.30% (above 0%: growing)	62.17%	(2.92%)	Compare
HMN Horace Mann Educators Corporation	$1.9B	10.7×	11.7×	+7.72% (above 0%: growing)	+43.66% (above 0%: growing)	+70.37% (above 0%: growing)	45.68%	13.21%	Compare
KMPR Kemper Corporation	$1.7B	— (loss-making)	14.6×	−10.84% (below 0%: shrinking)	n/m	−76.71% (below 0%: shrinking)	0.17%	(41.92%)	Compare
STC Stewart Information Services Corporation	$1.6B	11.5×	12.3×	+24.52% (above 0%: growing)	+7.08% (above 0%: growing)	−12.37% (below 0%: shrinking)	64.98%	9.41%	Compare
SAFT Safety Insurance Group, Inc.	$1.5B	22.4×	— (loss-making)	+2.95% (above 0%: growing)	+21.03% (above 0%: growing)	+16.88% (above 0%: growing)	14.33%	13.69%
UFCS United Fire Group, Inc	$1.4B	10.5×	10.8×	+14.38% (above 0%: growing)	+48.28% (above 0%: growing)	−34.70% (below 0%: shrinking)	33.66%	11.76%	Compare
UVE UNIVERSAL INSURANCE HOLDINGS INC	$1.3B	6.0×	8.1×	+6.72% (above 0%: growing)	+71.20% (above 0%: growing)	−4.81% (below 0%: shrinking)	26.79%	19.11%	Compare
ASIC Ategrity Specialty Insurance Company Holdings	$1.3B	12.3×	10.2×	+45.89% (above 0%: growing)	+75.00% (above 0%: growing)	+47.83% (above 0%: growing)	31.87%	31.28%	Compare
TRUP Trupanion, Inc.	$1.2B	52.1×	40.6×	+11.14% (above 0%: growing)	−27.27% (below 0%: shrinking)	+59.01% (above 0%: growing)	16.58%	1.62%	Compare
Median of peers	$1.5B	11.1×	11.7×	+11.44%	+45.97%	+4.25%	32.77%	10.59%

All 45 Insurance Property & Casualty stocks →

Safety Insurance Group, Inc. (SAFT) key facts

Strength: Safety Insurance Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 12.8% from fiscal 2024.
Strength: Net income was $99.3 million, or $6.75 per share (basic), a net margin of 7.85%.
Safety Insurance Group, Inc. (SAFT) is an Insurance Property & Casualty company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, SAFT traded at $104.03, a market capitalization of $1.5 billion.
At that price the stock trades at 22.4× trailing-twelve-month earnings and 1.2× sales; its P/E is higher than 80% of its own readings over the past ten years.
Safety Insurance Group, Inc. pays an annual dividend of $3.68 per share, a yield of 3.54%, with a payout ratio of 79.3%.
Return on equity was 11.5% and debt-to-equity 0.06.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.