SAFT Financials SAFETY INSURANCE GROUP INC

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 83 d ago Overview →

Growth & profitability

Revenue has grown 8.4% per year over the past 5 years.
Net income has grown slower than revenue (-6.4% vs 8.4% per year).
Free cash flow has grown 14.0% per year over the past 5 years.

Financial health

The company holds more cash ($74M) than total debt ($50M).
Total debt has grown faster than revenue (29.1% vs 8.4% per year).

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 54.3% of earnings and 28.1% of free cash flow.
The dividend has declined 0.3% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.3B	$99M	0.0%	0.0%	11.1%	4.0%	$192M	$50M	$74M
2024	$1.1B	$71M	0.0%	0.0%	8.5%	3.1%	$124M	—	$59M
2023	$931M	$19M	0.0%	0.0%	2.3%	0.9%	$50M	$30M	$38M
2022	$798M	$47M	0.0%	0.0%	5.7%	2.4%	$42M	—	$25M
2021	$885M	$131M	0.0%	0.0%	14.1%	6.2%	$133M	—	$64M
2020	$846M	$138M	0.0%	0.0%	15.6%	6.7%	$100M	—	$54M
2019	$878M	$100M	0.0%	0.0%	12.3%	4.9%	$103M	—	$44M
2018	$836M	$83M	0.0%	0.0%	11.6%	4.5%	$117M	—	$38M
2017	$839M	$62M	0.0%	0.0%	8.9%	3.5%	$76M	—	$42M
2016	$820M	$65M	0.0%	0.0%	9.6%	3.7%	$94M	—	$20M
2015	$798M	-$14M	0.0%	0.0%	-2.1%	-0.8%	$19M	—	$47M
2014	$779M	—	0.0%	0.0%	0.0%	0.0%	—	—	$42M
2013	$745M	—	0.0%	0.0%	0.0%	0.0%	—	—	$56M
2012	$704M	$58M	0.0%	0.0%	8.4%	3.7%	$100M	—	$35M
2011	$660M	$14M	0.0%	0.0%	2.1%	0.9%	$35M	—	$38M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Mar '26	$315M	-$14M	0.0%	0.0%	-1.7%	-0.6%	-$19M	$50M	$55M
Dec '25	$319M	$20M	0.0%	0.0%	2.3%	0.8%	$71M	$50M	$74M
Sep '25	$327M	$28M	0.0%	0.0%	3.1%	1.2%	$85M	$30M	$56M
Jun '25	$316M	$29M	0.0%	0.0%	3.3%	1.2%	$32M	$30M	$49M
Mar '25	$301M	$22M	0.0%	0.0%	2.6%	1.0%	$3M	$30M	$65M
Dec '24	$287M	$8M	0.0%	0.0%	1.0%	0.4%	$50M	—	$59M
Sep '24	$295M	$26M	0.0%	0.0%	3.0%	1.1%	$73M	—	$63M
Jun '24	$270M	$17M	0.0%	0.0%	2.1%	0.8%	$25M	—	$45M
Mar '24	$268M	$20M	0.0%	0.0%	2.5%	1.0%	-$24M	—	$31M
Dec '23	$258M	$12M	0.0%	0.0%	1.5%	0.6%	$35M	$30M	$38M
Sep '23	$229M	$2M	0.0%	0.0%	0.3%	0.1%	$30M	—	$31M
Jun '23	$229M	$17M	0.0%	0.0%	2.1%	0.8%	-$563000	—	$25M
Mar '23	$214M	-$12M	0.0%	0.0%	-1.5%	-0.6%	-$13M	—	$15M
Dec '22	$227M	$25M	0.0%	0.0%	3.0%	1.2%	$20M	—	$25M
Sep '22	$192M	$6M	0.0%	0.0%	0.8%	0.3%	$23M	—	$34M
Jun '22	$184M	$8M	0.0%	0.0%	1.0%	0.4%	$15M	—	$39M
Mar '22	$195M	$8M	0.0%	0.0%	0.9%	0.4%	-$16M	—	$35M
Dec '21	$226M	$32M	0.0%	0.0%	3.5%	1.5%	$29M	—	$64M
Sep '21	$214M	$25M	0.0%	0.0%	2.7%	1.2%	$47M	—	$45M
Jun '21	$223M	$38M	0.0%	0.0%	4.1%	1.8%	$48M	—	$82M

Valuation over time

How the market has priced SAFT against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 23.5× (Mar '23) to 15.3× (Sep '26).
The price-to-sales ratio has fallen from 1.4× (Mar '23) to 1.2× (Sep '26).
The dividend yield has fallen from 4.8% (Mar '23) to 3.6% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is SAFT growing its revenue and profit?

Over the past 5 years, SAFETY INSURANCE GROUP INC's revenue has grown 8.4% per year, and net income declined 6.4% per year. These are computed facts, not advice.

How much debt does SAFT have?

As of FY2025, SAFETY INSURANCE GROUP INC reported $50M of total debt against $74M of cash.

What is SAFT's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 7.9%.

What is SAFT's P/E ratio?

As of Sep '26, SAFETY INSURANCE GROUP INC traded at a price-to-earnings ratio of about 15.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.