Safety Insurance Group Inc (SAFT) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Safety Insurance Group Inc $80.01, price $104, upside -22.7%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Safety Insurance Group Inc
SAFT · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $57.54 – $103.79 · fair‑value band $60.01 – $100.01 · the $103.51 price screens above the $80.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in Massachusetts, the United States.
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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 vehicle for collision or other perils. It also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, and insure individual vehicles, as well as commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, the company offers business owners policies that cover apartments and residential condominiums, restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesalers. Further, it provides personal umbrella policies, which provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner's insurance policies; dwelling fire insurance for non-owner occupied residences; and commercial umbrella, which offers an excess liability product to clients. Additionally, the company offers inland marine coverage for homeowners and business owner policies; and watercraft coverage for small and medium sized pleasure crafts. It distributes its products through independent agents. The company was formerly known as Safety Holdings Inc and changed its name to Safety Insurance Group, Inc. in April 2002. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts.
Stock analysis
Safety Insurance Group Inc (SAFT) currently trades at $103.51, while our model-based Fair Value estimate is $80.01, implying the stock looks roughly 29.4% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $85.08 per share, and 0 of the 4 models we run sit above the $103.51 price.
Bear case: the Asset-Based group reads lowest at $40.72, and 4 of the 4 models stay below the price. Evidence for this calculation is high.
Scenario range: $60.01 (bear) to $100.01 (bull), the price of $103.51 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Safety Insurance Group Inc reported revenue of $1.3B in FY2025 versus $865M in FY2021, a compound +9.7%/yr. Reported net income was $99.3M in FY2025, compounding −6.7%/yr from FY2021.
Key figures
Market cap $1.5B · P/E ratio 24.5 · P/S ratio 1.94 · EPS (TTM) $4.23 · Dividend yield 3.5% · Net margin 7.9% · Return on equity 7.4% · Return on assets (EBIT) 4.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 59% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at −23%, SAFT screens richer than that median.
Fair Value models
All 4 models by family
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Set up alert →Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 87
Revenue & earnings trend
Growth Forecast
SAFT screens 29% overvalued. Compare with The Progressive Corporation →
Compare Safety Insurance Group Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Property & Casualty · 119 stocks
Valuation Multiplesvs Insurance - Property & Casualty median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Insurance - Property & Casualty stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| The Progressive Corporation PGR | $206.94 | $160.25 | −23% |
| Chubb Limited CB | $335.77 | $234.73 | −30% |
| The Travelers Companies, Inc TRV | $362.01 | $274.42 | −24% |
| The Allstate Corporation ALL | $229.50 | $316.11 | +38% |
| The People's Insurance Company 601319 | ¥8.07 | ¥9.25 | +15% |
| PICC Property and Casualty Company 2328 | HK$16.84 | HK$18.92 | +12% |
| Intact Financial Corporation IFC | C$254.29 | C$167.46 | −34% |
| Fairfax Financial Holdings FFH | C$2,260 | C$3,226 | +43% |
| Cincinnati Financial Corporation CINF | $165.83 | $146.70 | −12% |
| W. R. Berkley Corporation WRB | $68.17 | $47.08 | −31% |
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Key figures of Safety Insurance Group Inc
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