Safety Insurance Group/$SAFT

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About Safety Insurance Group

Safety Insurance Group Inc is a provider of private passenger automobile, commercial automobile, and homeowners insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobiles, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.

Ticker

$SAFT
Sector
Primary listing

Employees

551

SAFT Metrics

BasicAdvanced
$1B
11.98
$5.87
0.26
$3.62
5.23%

Bulls say / Bears say

Safety reported net income of $28.9 million in Q2 2025, up 74% year-over-year, and its combined ratio improved to 98.1%, marking its best underwriting performance in over a year.
In Q1 2025, Safety’s net income rose to $21.9 million from $20.1 million the prior year, with the combined ratio decreasing to 99.4% from 101.9%, showing successful rate increases and effective loss control.
In Q3 2025, Safety posted net income of $28.3 million versus $25.9 million in Q3 2024, achieved a combined ratio of 98.9%, and grew book value per share by 8.2% to $60.40, demonstrating continued capital growth.
Despite underwriting improvements, Safety’s combined ratio stayed high at 98.1% in Q2 and 98.9% in Q3 2025, indicating narrow underwriting margins compared to industry benchmarks of below 96%.
Safety’s forward price-to-earnings ratio is 40.32, which may mean the stock is expensive relative to its anticipated earnings growth.
SAFT shares are down around 11.9% year-to-date, highlighting investor worries about its limited presence in New England and the competitive landscape.
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2025.

SAFT Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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