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Safety Insurance Group (NAS:SAFT) Return-on-Tangible-Asset

: 0.39% (As of Sep. 2023)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Safety Insurance Group's annualized Net Income for the quarter that ended in Sep. 2023 was $7.8 Mil. Safety Insurance Group's average total tangible assets for the quarter that ended in Sep. 2023 was $2,009.7 Mil. Therefore, Safety Insurance Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 was 0.39%.

The historical rank and industry rank for Safety Insurance Group's Return-on-Tangible-Asset or its related term are showing as below:

SAFT' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.82   Med: 3.78   Max: 6.78
Current: 1.58

During the past 13 years, Safety Insurance Group's highest Return-on-Tangible-Asset was 6.78%. The lowest was -0.82%. And the median was 3.78%.

SAFT's Return-on-Tangible-Asset is ranked worse than
51.64% of 488 companies
in the Insurance industry
Industry Median: 1.785 vs SAFT: 1.58

Safety Insurance Group Return-on-Tangible-Asset Historical Data

The historical data trend for Safety Insurance Group's Return-on-Tangible-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Safety Insurance Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.54 5.14 6.78 6.27 2.29

Safety Insurance Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.28 5.08 -2.52 3.44 0.39

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Safety Insurance Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Safety Insurance Group Return-on-Tangible-Asset Distribution

For the Insurance industry and Financial Services sector, Safety Insurance Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Safety Insurance Group's Return-on-Tangible-Asset falls into.



Safety Insurance Group Return-on-Tangible-Asset Calculation

Safety Insurance Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=46.561/( (2117.391+1947.62)/ 2 )
=46.561/2032.5055
=2.29 %

Safety Insurance Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2023 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=7.796/( (1991.573+2027.77)/ 2 )
=7.796/2009.6715
=0.39 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Sep. 2023) net income data.


Safety Insurance Group  (NAS:SAFT) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Safety Insurance Group Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Safety Insurance Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Safety Insurance Group (NAS:SAFT) Business Description

Traded in Other Exchanges
N/A
Address
20 Custom House Street, Boston, MA, USA, 02110
Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobiles, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.
Executives
Glenn Hiltpold officer: VP of Actuarial Services 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Brophy Charles Joseph Iii director 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Dennis J. Langwell director C/O LIBERTY MUTUAL GROUP, 175 BERKELEY STREET, BOSTON MA 02116
Srb Corp 10 percent owner 695 ATLANTIC AVENUE, BOSTON MA 02111
Peter J Manning director FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Christopher Thomas Whitford officer: VP, CFO and Secretary 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Stephen Albert Varga officer: VP - MIS 20 CUSTOM HOUSE STREET, BOSTON MA 02110
James Berry officer: VP - Insurance Operations C/O SAFETY INSURANCE, 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Farina John Daniel Jr. director 20 CUSTOM HOUSE ST, BOSTON MA 02110
Deborah E Gray director 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Frederic H Lindeberg director C/O SAFETY INSURANCE GROUP, INC., 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Ann Marie Mckeown officer: V.P Insurance Operations 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Moran Mary Coffey director DANVERS BANCORP, INC., ONE CONANT STREET, DANVERS MA 01923
David E Krupa officer: VP - Property Claims
David D Mckown director