Safety Insurance Group, Inc. (SAFT) vs UNIVERSAL INSURANCE HOLDINGS INC (UVE)

Safety Insurance Group, Inc. and UNIVERSAL INSURANCE HOLDINGS INC are both Insurance Property & Casualty companies. Safety Insurance Group, Inc. is the larger, with a market value of $1.5B against $1.3B — 1.2× the size. UNIVERSAL INSURANCE HOLDINGS INC trades at the lower P/E: 5.7× against 22.4×. Safety Insurance Group, Inc. grew revenue faster over the last twelve months: 7.21% against 5.51%. UNIVERSAL INSURANCE HOLDINGS INC has the higher net margin (13.9% vs 5.33%) and the higher return on invested capital (188.2% vs 6.55%). Both pay a dividend; Safety Insurance Group, Inc. yields more (3.53% vs 1.36%). Across the 21 metrics below, UNIVERSAL INSURANCE HOLDINGS INC leads on 17 and Safety Insurance Group, Inc. on 4.

Valuation

Metric SAFT UVE Insurance Property & Casualty median
P/E 22.42 5.70 12.17
P/S 1.18 0.78 1.26
P/B 1.73 2.02 1.85
Price to free cash flow 8.62 3.61 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.46% 17.55% 8.20%
Free cash flow yield 11.61% 27.69% 11.86%

Profitability

Metric SAFT UVE Insurance Property & Casualty median
Gross margin 7.63% 26.61% 37.39%
Operating margin 6.99% 19.02% 14.67%
Net margin 5.33% 13.94% 10.16%
Free cash flow margin 13.66% 21.63% 18.60%
Return on equity 7.84% 40.76% 16.59%
Return on assets 2.82% 7.41% 3.38%
Return on invested capital 6.55% 188.21% 9.43%

Growth

Metric SAFT UVE Insurance Property & Casualty median
Revenue growth (TTM) 7.21% 5.51% 5.70%
EPS growth (last fiscal year) 40.17% 214.43% 39.61%
Revenue growth, 5-year CAGR 8.35% 8.38% 9.23%
Net income growth, 5-year CAGR (6.41%) 57.14% 10.09%

Health

Metric SAFT UVE Insurance Property & Casualty median
Debt to equity 0.06 0.15 0.25
Current ratio 0.40 0.56 0.49
Net debt to EBITDA (0.18) (1.47) 0.08

Dividend

Metric SAFT UVE Insurance Property & Casualty median
Dividend yield 3.53% 1.36% 1.56%
Payout ratio 0.79 0.08 0.15

Size

Metric SAFT UVE Insurance Property & Casualty median
Market cap 1.53b 1.31b 2.64b

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