Safety Insurance Financials

SAFT Stock  USD 84.86  0.09  0.11%   
Based on the measurements of operating efficiency obtained from Safety Insurance's historical financial statements, Safety Insurance Group is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in December. At this time, Safety Insurance's Cash And Short Term Investments are comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 694.1 M in 2024, whereas Other Assets are likely to drop slightly above 241.3 M in 2024. Key indicators impacting Safety Insurance's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.08060.043
Way Up
Slightly volatile
Current Ratio0.70.7387
Notably Down
Slightly volatile
The essential information of the day-to-day investment outlook for Safety Insurance includes many different criteria found on its balance sheet. An individual investor should monitor Safety Insurance's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Safety Insurance.

Net Income

17.93 Million

  
Understanding current and past Safety Insurance Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Safety Insurance's financial statements are interrelated, with each one affecting the others. For example, an increase in Safety Insurance's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Safety Insurance's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Safety Insurance Group. Check Safety Insurance's Beneish M Score to see the likelihood of Safety Insurance's management manipulating its earnings.

Safety Insurance Stock Summary

Safety Insurance competes with Selective Insurance, Kemper, Donegal Group, Argo Group, and Global Indemnity. Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in the United States. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts. Safety Ins operates under InsuranceProperty Casualty classification in the United States and is traded on NASDAQ Exchange. It employs 552 people.
Specialization
Financial Services, Insurance - Property & Casualty
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS78648T1007
CUSIP78648T100
LocationMassachusetts; U.S.A
Business Address20 Custom House
SectorInsurance
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.safetyinsurance.com
Phone617 951 0600
CurrencyUSD - US Dollar

Safety Insurance Key Financial Ratios

Safety Insurance Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets2.0B2.1B2.1B2.0B2.0B1.6B
Other Assets(1.0B)(1.1B)(965.4M)282.2M254.0M241.3M
Total Liab1.2B1.2B1.2B1.2B1.2B1.0B
Other Liab344.6M24.2M46.7M30.9M27.8M26.4M
Retained Earnings661.6M745.0M821.7M815.3M781.2M534.8M
Accounts Payable87.9M87.7M85.8M85.3M80.2M69.7M
Common Stock176K177K178K179K205.9K171.1K
Other Current Liab(87.9M)(118.7M)(85.8M)(122.0M)415.0M435.7M
Net Debt(10.4M)7.2M(6.5M)33.0M11.6M12.2M
Cash44.4M53.8M63.6M25.3M38.2M42.6M
Net Receivables329.8M300.5M290.6M299.8M383.2M284.6M
Other Current Assets296.1M351.6M298.6M260.0M369.1M387.6M
Total Current Assets1.6B1.6B1.6B1.6B369.1M507.2M
Intangible Assets74.3M75.0M73.0M7.9M7.6M7.2M
Net Tangible Assets808.4M884.7M927.2M787.1M905.1M820.1M
Good Will1.4B1.4B1.4B17.1M19.7M18.7M
Capital Surpluse196.3M202.3M209.8M216.1M248.5M206.2M

Safety Insurance Key Income Statement Accounts

The reason investors look at the income statement is to determine what Safety Insurance's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Total Revenue875.8M840.4M864.7M785.1M931.0M729.3M
Gross Profit875.8M840.4M864.7M785.1M931.0M729.3M
Operating Income123.7M174.8M164.3M60.3M(5.5M)(5.3M)
Ebit123.7M175.2M164.8M598.8M5.5M5.2M
Ebitda129.2M182.7M171.7M606.6M28.4M26.9M
Income Before Tax123.7M174.8M164.3M59.6M24.4M23.2M
Net Income99.6M138.2M130.7M46.6M18.9M17.9M
Income Tax Expense24.1M36.6M33.6M13.0M5.5M5.3M
Tax Provision24.1M36.6M33.6M13.0M9.2M8.7M
Interest Income48.2M42.8M42.6M47.7M55.1M44.6M

Safety Insurance Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash6.8M9.4M9.8M(38.3M)12.9M13.5M
Free Cash Flow102.9M99.5M133.2M42.2M50.3M86.4M
Depreciation5.5M7.5M6.9M6.6M8.7M10.1M
Other Non Cash Items(19.5M)(5.7M)(41.0M)28.5M(15.0M)(14.2M)
Capital Expenditures9.6M9.9M8.2M2.1M1.8M1.7M
Net Income99.6M138.2M130.7M46.6M18.9M17.9M
End Period Cash Flow44.4M53.8M63.6M25.3M38.2M39.9M
Change To Inventory(156.9M)(122.4M)17.3M124.3M111.9M117.5M
Dividends Paid52.7M54.6M54.0M53.0M53.3M36.1M
Investments(38.8M)(10.8M)(57.8M)(20.0M)17.7M18.6M
Change Receivables(15.0M)(16.1M)41.3M18.3M21.0M22.1M
Change To Netincome6.9M9.7M(29.4M)26.1M30.0M31.5M

Safety Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Safety Insurance's current stock value. Our valuation model uses many indicators to compare Safety Insurance value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Safety Insurance competition to find correlations between indicators driving Safety Insurance's intrinsic value. More Info.
Safety Insurance Group is rated fourth in return on equity category among its peers. It also is rated fourth in return on asset category among its peers reporting about  0.30  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Safety Insurance Group is roughly  3.32 . At this time, Safety Insurance's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Safety Insurance by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Safety Insurance Systematic Risk

Safety Insurance's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Safety Insurance volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Safety Insurance correlated with the market. If Beta is less than 0 Safety Insurance generally moves in the opposite direction as compared to the market. If Safety Insurance Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Safety Insurance is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Safety Insurance is generally in the same direction as the market. If Beta > 1 Safety Insurance moves generally in the same direction as, but more than the movement of the benchmark.

Safety Insurance Thematic Clasifications

Safety Insurance Group is part of Dividend Beast investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Solid, dividend-paying stocks and ETFs. An experimental equal-weighted theme of equities with high dividend yield and solid fundamentals based on Macroaxis rating system
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Today, most investors in Safety Insurance Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Safety Insurance's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Safety Insurance growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(1.04)

At this time, Safety Insurance's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Safety Insurance November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Safety Insurance help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Safety Insurance Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Safety Insurance Group based on widely used predictive technical indicators. In general, we focus on analyzing Safety Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Safety Insurance's daily price indicators and compare them against related drivers.

Additional Tools for Safety Stock Analysis

When running Safety Insurance's price analysis, check to measure Safety Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Safety Insurance is operating at the current time. Most of Safety Insurance's value examination focuses on studying past and present price action to predict the probability of Safety Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Safety Insurance's price. Additionally, you may evaluate how the addition of Safety Insurance to your portfolios can decrease your overall portfolio volatility.