Safety Insurance Group Inc (SAFT) - Net Assets
Based on the latest financial reports, Safety Insurance Group Inc (SAFT) has net assets worth $855.75 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.43 Billion) and total liabilities ($1.58 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore SAFT asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $855.75 Million |
| % of Total Assets | 35.15% |
| Annual Growth Rate | 6.31% |
| 5-Year Change | -3.76% |
| 10-Year Change | 33.04% |
| Growth Volatility | 26.57 |
Safety Insurance Group Inc - Net Assets Trend (1998–2025)
This chart illustrates how Safety Insurance Group Inc's net assets have evolved over time, based on quarterly financial data. Check SAFT goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Safety Insurance Group Inc (1998–2025)
The table below shows the annual net assets of Safety Insurance Group Inc from 1998 to 2025. For live valuation and market cap data, see SAFT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $892.31 Million | +7.71% |
| 2024-12-31 | $828.46 Million | +3.01% |
| 2023-12-31 | $804.27 Million | -0.95% |
| 2022-12-31 | $812.00 Million | -12.42% |
| 2021-12-31 | $927.17 Million | +4.80% |
| 2020-12-31 | $884.68 Million | +9.43% |
| 2019-12-31 | $808.41 Million | +12.49% |
| 2018-12-31 | $718.64 Million | +2.51% |
| 2017-12-31 | $701.02 Million | +4.52% |
| 2016-12-31 | $670.73 Million | +4.07% |
| 2015-12-31 | $644.50 Million | -9.01% |
| 2014-12-31 | $708.28 Million | +1.88% |
| 2013-12-31 | $695.19 Million | +0.12% |
| 2012-12-31 | $694.36 Million | +5.80% |
| 2011-12-31 | $656.31 Million | +0.43% |
| 2010-12-31 | $653.48 Million | +5.33% |
| 2009-12-31 | $620.43 Million | +2.83% |
| 2008-12-31 | $603.37 Million | +5.85% |
| 2007-12-31 | $570.00 Million | +14.84% |
| 2006-12-31 | $496.35 Million | +27.94% |
| 2005-12-31 | $387.95 Million | +27.06% |
| 2004-12-31 | $305.33 Million | +13.92% |
| 2003-12-31 | $268.02 Million | +9.28% |
| 2002-12-31 | $245.25 Million | +125.04% |
| 2001-12-31 | $108.98 Million | -48.82% |
| 2000-12-31 | $212.95 Million | +21.61% |
| 1999-12-31 | $175.10 Million | +2.31% |
| 1998-12-31 | $171.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Safety Insurance Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 84406300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $844.06 Million | 94.59% |
| Common Stock | $181.00K | 0.02% |
| Other Comprehensive Income | $-17.13 Million | -1.92% |
| Other Components | $65.20 Million | 7.31% |
| Total Equity | $892.31 Million | 100.00% |
Safety Insurance Group Inc Competitors by Market Cap
The table below lists competitors of Safety Insurance Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Darma Henwa Tbk
JK:DEWA
|
$1.05 Billion |
|
Chengdu RML Technology Co. Ltd.
SHE:301050
|
$1.05 Billion |
|
Savara Inc
NASDAQ:SVRA
|
$1.05 Billion |
|
Boozt AB
ST:BOOZT
|
$1.05 Billion |
|
Suzhou Hycan Holdings Co Ltd
SHE:002787
|
$1.05 Billion |
|
Hana Microelectronics Public Company Limited
BK:HANA
|
$1.05 Billion |
|
Amata Corporation Public Company Limited
BK:AMATA
|
$1.05 Billion |
|
Guangzhou Newlife New Material Co. Ltd. A
SHE:301323
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Safety Insurance Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 828,464,000 to 892,311,000, a change of 63,847,000 (7.7%).
- Net income of 99,255,000 contributed positively to equity growth.
- Dividend payments of 53,865,000 reduced retained earnings.
- Share repurchases of 20,000,000 reduced equity.
- Other comprehensive income increased equity by 33,914,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $99.25 Million | +11.12% |
| Dividends Paid | $53.87 Million | -6.04% |
| Share Repurchases | $20.00 Million | -2.24% |
| Other Comprehensive Income | $33.91 Million | +3.8% |
| Other Changes | $4.54 Million | +0.51% |
| Total Change | $- | 7.71% |
Book Value vs Market Value Analysis
This analysis compares Safety Insurance Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.33x to 1.21x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $219.34 | $73.43 | x |
| 1999-12-31 | $214.38 | $73.43 | x |
| 2000-12-31 | $248.54 | $73.43 | x |
| 2001-12-31 | $119.66 | $73.43 | x |
| 2002-12-31 | $36.61 | $73.43 | x |
| 2003-12-31 | $17.47 | $73.43 | x |
| 2004-12-31 | $19.66 | $73.43 | x |
| 2005-12-31 | $24.32 | $73.43 | x |
| 2006-12-31 | $31.01 | $73.43 | x |
| 2007-12-31 | $35.41 | $73.43 | x |
| 2008-12-31 | $37.44 | $73.43 | x |
| 2009-12-31 | $39.89 | $73.43 | x |
| 2010-12-31 | $43.32 | $73.43 | x |
| 2011-12-31 | $43.25 | $73.43 | x |
| 2012-12-31 | $45.40 | $73.43 | x |
| 2013-12-31 | $45.14 | $73.43 | x |
| 2014-12-31 | $46.61 | $73.43 | x |
| 2015-12-31 | $43.35 | $73.43 | x |
| 2016-12-31 | $44.62 | $73.43 | x |
| 2017-12-31 | $46.32 | $73.43 | x |
| 2018-12-31 | $47.19 | $73.43 | x |
| 2019-12-31 | $52.71 | $73.43 | x |
| 2020-12-31 | $58.51 | $73.43 | x |
| 2021-12-31 | $62.12 | $73.43 | x |
| 2022-12-31 | $55.20 | $73.43 | x |
| 2023-12-31 | $54.67 | $73.43 | x |
| 2024-12-31 | $56.29 | $73.43 | x |
| 2025-12-31 | $60.52 | $73.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Safety Insurance Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.91%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.77x
- Recent ROE (11.12%) is below the historical average (13.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 8.42% | 5.02% | 0.39x | 4.29x | $-2.70 Million |
| 1999 | 9.31% | 4.78% | 0.44x | 4.40x | $-1.21 Million |
| 2000 | 9.05% | 4.62% | 0.50x | 3.91x | $-2.02 Million |
| 2001 | 102.44% | 107.56% | 0.12x | 7.68x | $100.74 Million |
| 2002 | 3.77% | 1.75% | 0.54x | 3.99x | $-15.28 Million |
| 2003 | 10.63% | 4.81% | 0.55x | 4.02x | $1.68 Million |
| 2004 | 14.73% | 7.07% | 0.53x | 3.95x | $14.46 Million |
| 2005 | 24.53% | 14.18% | 0.53x | 3.24x | $56.39 Million |
| 2006 | 22.55% | 16.44% | 0.50x | 2.73x | $62.31 Million |
| 2007 | 15.34% | 13.05% | 0.46x | 2.54x | $30.41 Million |
| 2008 | 11.64% | 10.96% | 0.45x | 2.38x | $9.92 Million |
| 2009 | 8.73% | 9.15% | 0.41x | 2.30x | $-7.89 Million |
| 2010 | 8.62% | 9.20% | 0.43x | 2.20x | $-9.01 Million |
| 2011 | 2.09% | 2.01% | 0.46x | 2.24x | $-51.93 Million |
| 2012 | 8.36% | 8.01% | 0.46x | 2.27x | $-11.37 Million |
| 2013 | 8.83% | 8.06% | 0.47x | 2.34x | $-8.17 Million |
| 2014 | 8.38% | 7.46% | 0.47x | 2.37x | $-11.47 Million |
| 2015 | -2.15% | -1.72% | 0.47x | 2.64x | $-78.30 Million |
| 2016 | 9.63% | 7.81% | 0.47x | 2.62x | $-2.49 Million |
| 2017 | 8.90% | 7.39% | 0.47x | 2.58x | $-7.71 Million |
| 2018 | 11.58% | 9.96% | 0.45x | 2.58x | $11.33 Million |
| 2019 | 12.32% | 11.37% | 0.43x | 2.50x | $18.76 Million |
| 2020 | 15.62% | 16.45% | 0.41x | 2.32x | $49.74 Million |
| 2021 | 14.10% | 15.12% | 0.41x | 2.28x | $37.99 Million |
| 2022 | 5.73% | 5.93% | 0.40x | 2.43x | $-34.64 Million |
| 2023 | 2.35% | 2.04% | 0.47x | 2.44x | $-61.55 Million |
| 2024 | 8.54% | 6.37% | 0.49x | 2.74x | $-12.11 Million |
| 2025 | 11.12% | 7.91% | 0.51x | 2.77x | $10.02 Million |
Industry Comparison
This section compares Safety Insurance Group Inc's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $6,161,352,000
- Average return on equity (ROE) among peers: 15.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Safety Insurance Group Inc (SAFT) | $855.75 Million | 8.42% | 1.84x | $1.05 Billion |
| American Coastal Insurance Corp (ACIC) | $317.56 Million | 33.64% | 2.38x | $493.85 Million |
| American Financial Group, Inc. (AFG) | $1.66 Billion | 2.18% | 0.50x | $10.91 Billion |
| Aspen Insurance Holdings Ltd (AHL) | $3.65 Billion | 5.57% | 2.31x | $119.39 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $366.95 Million |
| Assurant Inc (AIZ) | $4.28 Billion | 12.14% | 6.44x | $10.94 Billion |
| The Allstate Corporation (ALL) | $15.61 Billion | 19.89% | 4.18x | $54.30 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $614.86 Million | 12.04% | 1.40x | $990.91 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $83.37 Million | 13.50% | 5.78x | $888.60 Million |
| Chubb Ltd (CB) | $29.14 Billion | 9.73% | 2.51x | $124.22 Billion |
| Cincinnati Financial Corporation (CINF) | $5.93 Billion | 14.42% | 1.81x | $24.98 Billion |
About Safety Insurance Group Inc
Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in Massachusetts, the United States. The company offers private passenger automobile policies that provide coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own ve… Read more