Safety Insurance Group (Safety Insurance Group) Expense Ratio % : 30.40% (As of Dec. 2023)

Safety Insurance Group Expense Ratio % Chart

Safety Insurance Group Annual Data
	Trend	Dec19	Dec20	Dec21	Dec22	Dec23
Expense Ratio %		Get a 7-Day Free Trial
Combined Ratio %		Get a 7-Day Free Trial
Claims Ratio %		Get a 7-Day Free Trial

Safety Insurance GroupQuarterly Data
	Trend	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Expense Ratio %		Get a 7-Day Free Trial
Combined Ratio %		Get a 7-Day Free Trial
Claims Ratio %		Get a 7-Day Free Trial

Competitive Comparison of Safety Insurance Group's Expense Ratio %

For the Insurance - Property & Casualty subindustry, Safety Insurance Group's Expense Ratio %, along with its competitors' market caps and Expense Ratio % 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  (NAS:SAFT) Expense Ratio % Calculation

Expense Ratio % is calculated as:

* 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.

Safety Insurance Group  (NAS:SAFT) Expense Ratio % Explanation

Expense Ratio % is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. It can be used to make comparisons between insurance companies as well as measure their performance. An expense ratio below 100% suggests that the premiums an insurance company earned or wrote are more than the expenses it paid to support those premiums.

However, we should keep in mind that the ratio does not indicate an ending profitability. The overall profit is also influenced by the claims, investment gains or losses and other income. The ratio can be combined with Claims Ratio % and Combined Ratio % to get an overall performance of an insurance company.

Safety Insurance Group Expense Ratio % Related Terms

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Safety Insurance Group (Safety Insurance Group) Business Description