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 Jun 29, 2026, 13:12 UTC 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 15.4× (Nov '26).
The price-to-sales ratio has fallen from 1.4× (Mar '23) to 1.2× (Nov '26).
The dividend yield has fallen from 4.8% (Mar '23) to 3.5% (Nov '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?

SAFETY INSURANCE GROUP INC's P/E (TTM) is 22.31 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SAFT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 15.4× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.