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. is the larger, with a market value of $1.5B against $1.2B — 1.3× the size. United Fire Group, Inc trades at the lower P/E: 9.0× against 22.4×. United Fire Group, Inc grew revenue faster over the last twelve months: 11.6% against 7.21%. United Fire Group, Inc has the higher net margin (9.06% vs 5.33%) and the lower return on invested capital (0.00% vs 6.55%). Both pay a dividend; Safety Insurance Group, Inc. yields more (3.53% vs 1.61%). 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 22.42 9.03 12.17
P/S 1.18 0.80 1.26
P/B 1.73 1.24 1.85
Price to free cash flow 8.62 3.93 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.46% 11.08% 8.20%
Free cash flow yield 11.61% 25.45% 11.86%

Profitability

Metric SAFT UFCS Insurance Property & Casualty median
Gross margin 7.63% 34.30% 37.39%
Operating margin 6.99% 12.08% 14.67%
Net margin 5.33% 9.06% 10.16%
Free cash flow margin 13.66% 20.42% 18.60%
Return on equity 7.84% 14.90% 16.59%
Return on assets 2.82% 3.49% 3.38%
Return on invested capital 6.55% 0.00% 9.43%

Growth

Metric SAFT UFCS Insurance Property & Casualty median
Revenue growth (TTM) 7.21% 11.58% 5.70%
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 0.00 0.25
Current ratio 0.40 0.34 0.49
Net debt to EBITDA (0.18) (0.06) 0.08

Dividend

Metric SAFT UFCS Insurance Property & Casualty median
Dividend yield 3.53% 1.61% 1.56%
Payout ratio 0.79 0.15 0.15

Size

Metric SAFT UFCS Insurance Property & Casualty median
Market cap 1.53b 1.22b 2.64b

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