Safety Insurance Group vs Trupanion
Safety Insurance Group and Trupanion are similar in size: $1.26bn and $1.44bn of revenue in their latest fiscal years. Safety Insurance Group grew faster (12.8% against 11.9%). Safety Insurance Group kept more of each dollar of sales as profit: a net margin of 7.9% against 1.4%. Safety Insurance Group carries less debt relative to equity (5.6% against 29.1%).
| Latest fiscal year | Safety Insurance GroupSAFT, 2025 | TrupanionTRUP, 2025 |
|---|---|---|
| Revenue | $1.26bn | $1.44bn |
| Revenue growth | 12.8% | 11.9% |
| Net income | $99.3m | $19.4m |
| Operating margin | — | 1.0% |
| Net margin | 7.9% | 1.4% |
| Return on equity | 11.5% | 5.5% |
| Free cash flow | $192m | $75.4m |
| Cash | $73.9m | $138m |
| Total debt | $50.0m | $112m |
| Debt to equity | 5.6% | 29.1% |
| Dividend per share | $3.64 | — |
| Dividend yield | 3.6% | — |
| Share buybacks | $20.0m | — |
| Employees | 568 | 1,121 |
| Market value | $1.52bn | $1.37bn |
| Price vs our value range | — | — |
| Moat score | 72 (Strong) | 37 (Weak) |
| Insider trades, 12 months | 0 buys, 15 sales | 0 buys, 30 sales |