Safety Insurance Group, Inc. (SAFT) vs United Fire Group, Inc (UFCS)

Safety Insurance Group, Inc. and United Fire Group, Inc are both Insurance Property & Casualty companies. Safety Insurance Group, Inc. and United Fire Group, Inc are of similar size ($1.5B and $1.4B). United Fire Group, Inc trades at the lower P/E: 10.5× against 22.4×. United Fire Group, Inc grew revenue faster over the last twelve months: 11.4% against 7.21%. United Fire Group, Inc has the higher net margin (9.57% vs 5.33%) and the higher return on invested capital (12.0% vs 6.55%). Both pay a dividend; Safety Insurance Group, Inc. yields more (3.54% vs 1.35%). Across the 21 metrics below, United Fire Group, Inc leads on 16 and Safety Insurance Group, Inc. on 5.

Valuation

Metric SAFT UFCS Insurance Property & Casualty median
P/E 22.37 10.47 10.75
P/S 1.17 0.98 1.21
P/B 1.72 1.48 1.99
Price to free cash flow 8.60 5.39 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.47% 9.55% 9.08%
Free cash flow yield 11.63% 18.57% 12.11%

Profitability

Metric SAFT UFCS Insurance Property & Casualty median
Gross margin 7.63% 35.24% 41.16%
Operating margin 6.99% 12.87% 15.09%
Net margin 5.33% 9.57% 11.51%
Free cash flow margin 13.66% 18.22% 17.46%
Return on equity 7.84% 15.46% 17.34%
Return on assets 2.82% 3.67% 3.74%
Return on invested capital 6.55% 12.03% 12.06%

Growth

Metric SAFT UFCS Insurance Property & Casualty median
Revenue growth (TTM) 7.21% 11.36% 8.02%
EPS growth (last fiscal year) 40.17% 87.45% 39.61%
Revenue growth, 5-year CAGR 8.35% 5.34% 9.23%
Net income growth, 5-year CAGR (6.41%) 0.00% 10.09%

Health

Metric SAFT UFCS Insurance Property & Casualty median
Debt to equity 0.06 0.15 0.25
Current ratio 0.40 0.34 0.42
Net debt to EBITDA (0.18) (0.06) 0.08

Dividend

Metric SAFT UFCS Insurance Property & Casualty median
Dividend yield 3.54% 1.35% 1.50%
Payout ratio 0.79 0.14 0.14

Size

Metric SAFT UFCS Insurance Property & Casualty median
Market cap 1.53b 1.42b 2.67b

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