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 $2.4B against $1.5B — 1.6× the size. Skyward Specialty Insurance Group, Inc. trades at the lower P/E: 12.4× against 22.3×. 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 20 metrics below, Skyward Specialty Insurance Group, Inc. leads on 16 and Safety Insurance Group, Inc. on 4.

Valuation

Metric SAFT SKWD Insurance Property & Casualty median
P/E 22.26 12.39 10.29
P/S 1.17 1.41 1.17
P/B 1.71 1.92 1.83
Price to free cash flow 8.55 6.13 7.48
EV/EBITDA 16.19 9.76 7.49
EV/Sales 1.18 1.47 1.13
Earnings yield 4.49% 8.07% 9.50%
Free cash flow yield 11.69% 16.33% 13.29%

Profitability

Metric SAFT SKWD Insurance Property & Casualty median
Gross margin 7.63% 44.14% 41.16%
Operating margin 6.99% 15.09% 15.09%
Net margin 5.33% 10.84% 11.51%
Free cash flow margin 13.66% 23.20% 17.59%
Return on equity 7.84% 17.34% 18.19%
Return on assets 2.82% 3.38% 3.74%
Return on invested capital 6.55% 10.89% 12.06%

Growth

Metric SAFT SKWD Insurance Property & Casualty median
Revenue growth (TTM) 7.21% 38.27% 8.69%
EPS growth (last fiscal year) 40.17% 41.81% —
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 4.37% — 2.79%
Payout ratio 1.50 — 0.27

Size

Metric SAFT SKWD Insurance Property & Casualty median
Market cap 1.52b 2.44b 2.44b

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