Safety Insurance Group, Inc. (SAFT) vs Skyward Specialty Insurance Group, Inc. (SKWD)

Safety Insurance Group, Inc. and Skyward Specialty Insurance Group, Inc. are both Insurance Property & Casualty companies. Skyward Specialty Insurance Group, Inc. is the larger, with a market value of $2.7B against $1.5B — 1.8× the size. Skyward Specialty Insurance Group, Inc. trades at the lower P/E: 13.8× against 22.4×. Skyward Specialty Insurance Group, Inc. grew revenue faster over the last twelve months: 38.3% against 7.21%. Skyward Specialty Insurance Group, Inc. has the higher net margin (10.8% vs 5.33%) and the higher return on invested capital (10.9% vs 6.55%). Across the 18 metrics below, Skyward Specialty Insurance Group, Inc. leads on 15 and Safety Insurance Group, Inc. on 3.

Valuation

Metric SAFT SKWD Insurance Property & Casualty median
P/E 22.42 13.78 11.87
P/S 1.18 1.56 1.26
P/B 1.73 2.14 1.99
Price to free cash flow 8.62 6.81 8.12
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.46% 7.26% 8.04%
Free cash flow yield 11.60% 14.69% 11.85%

Profitability

Metric SAFT SKWD Insurance Property & Casualty median
Gross margin 7.63% 44.14% 41.66%
Operating margin 6.99% 15.09% 14.71%
Net margin 5.33% 10.84% 10.84%
Free cash flow margin 13.66% 23.20% 17.46%
Return on equity 7.84% 17.34% 16.87%
Return on assets 2.82% 3.38% 3.57%
Return on invested capital 6.55% 10.89% 12.03%

Growth

Metric SAFT SKWD Insurance Property & Casualty median
Revenue growth (TTM) 7.21% 38.27% 5.92%
EPS growth (last fiscal year) 40.17% 41.81% 39.61%
Revenue growth, 5-year CAGR 8.35% — 9.23%
Net income growth, 5-year CAGR (6.41%) — 10.09%

Health

Metric SAFT SKWD Insurance Property & Casualty median
Debt to equity 0.06 0.33 0.25
Current ratio 0.40 0.52 0.42
Net debt to EBITDA (0.18) (0.43) 0.08

Dividend

Metric SAFT SKWD Insurance Property & Casualty median
Dividend yield 3.53% — 1.44%
Payout ratio 0.79 — 0.14

Size

Metric SAFT SKWD Insurance Property & Casualty median
Market cap 1.53b 2.70b 2.61b

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