Safety Insurance Group vs United Fire Group
Safety Insurance Group and United Fire Group are similar in size: $1.26bn and $1.39bn of revenue in their latest fiscal years. Safety Insurance Group grew faster (12.8% against 10.6%). United Fire Group kept more of each dollar of sales as profit: a net margin of 8.5% against 7.9%. Safety Insurance Group carries less debt relative to equity (5.6% against 15.5%).
| Latest fiscal year | Safety Insurance GroupSAFT, 2025 | United Fire GroupUFCS, 2025 |
|---|---|---|
| Revenue | $1.26bn | $1.39bn |
| Revenue growth | 12.8% | 10.6% |
| Net income | $99.3m | $118m |
| Operating margin | — | — |
| Net margin | 7.9% | 8.5% |
| Return on equity | 11.5% | 13.7% |
| Free cash flow | $192m | — |
| Cash | $73.9m | $156m |
| Total debt | $50.0m | $146m |
| Debt to equity | 5.6% | 15.5% |
| Dividend per share | $3.64 | $0.64 |
| Dividend yield | 3.6% | 1.3% |
| Share buybacks | $20.0m | — |
| Employees | 568 | — |
| Market value | $1.52bn | $1.47bn |
| Price vs our value range | — | — |
| Moat score | 72 (Strong) | 43 (Weak) |
| Insider trades, 12 months | 0 buys, 15 sales | 1 buys, 5 sales |