Safety Insurance Group (NAS:SAFT) Goodwill-to-Asset

: 0.01 (As of Mar. 2023)

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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Safety Insurance Group's Goodwill for the quarter that ended in Mar. 2023 was $17.1 Mil. Safety Insurance Group's Total Assets for the quarter that ended in Mar. 2023 was $1,989.8 Mil. Therefore, Safety Insurance Group's Goodwill to Asset Ratio for the quarter that ended in Mar. 2023 was 0.01.

Safety Insurance Group Goodwill-to-Asset Historical Data

The historical data trend for Safety Insurance Group's Goodwill-to-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.

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Safety Insurance Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Goodwill-to-Asset

0.01

Safety Insurance Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Goodwill-to-Asset																-	-	-	0.01	0.01

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Safety Insurance Group's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-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.

Annual Data Quarterly Data

Safety Insurance Group Goodwill-to-Asset Distribution

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

* The bar in red indicates where Safety Insurance Group's Goodwill-to-Asset falls in comparison to its industry or sector. The grey bar indicates the Goodwill-to-Asset's extreme value range as defined by GuruFocus.

Safety Insurance Group Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Safety Insurance Group's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Goodwill to Asset (A: Dec. 2022 )	=	Goodwill	/	Total Assets
	=	17.09	/	1972.569
	=	0.01

Safety Insurance Group's Goodwill to Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

Goodwill to Asset (Q: Mar. 2023 )	=	Goodwill	/	Total Assets
	=	17.09	/	1989.798
	=	0.01

Safety Insurance Group (NAS:SAFT) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.

Safety Insurance Group Goodwill-to-Asset Related Terms

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Safety Insurance Group (NAS:SAFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Safety Insurance Group Inc (NAS:SAFT) » Definitions » Goodwill-to-Asset

Comparable Companies

Traded in Other Exchanges

SFN:Germany

Address

20 Custom House Street, Boston, MA, USA, 02110

Website

http://www.safetyinsurance.com

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 automobile, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.

Executives

Farina John Daniel Jr.	director	20 CUSTOM HOUSE ST, BOSTON MA 02110
Deborah E Gray	director	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Glenn Hiltpold	officer: VP of Actuarial Services	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Moran Mary Coffey	director	DANVERS BANCORP, INC., ONE CONANT STREET, DANVERS MA 01923
Christopher Thomas Whitford	officer: VP, CFO and Secretary	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Srb Corp	10 percent owner	125 HIGH STREET, OLIVER STREET TOWER, 9TH FLOOR, BOSTON MA 02110
Palisades Safety & Insurance Association	10 percent owner	C/O PLYMOUTH ROCK MANAGEMENT CO OF NJ, 581 MAIN STREET, 4TH FLOOR, WOODBRIDGE NJ 07095
Plymouth Rock Co Inc	10 percent owner	695 ATLANTIC AVENUE, BOSTON MA 02111
Thalia Meehan	director	C/O SAFETY INSURANCE GROUP, INC., 20 CUSTOM HOUSE STREET, BOSTON MA 02110
John Patrick Drago	officer: VP - Marketing	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Ann Marie Mckeown	officer: V.P Insurance Operations	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Stephen Albert Varga	officer: VP - MIS	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Paul J Narciso	officer: VP - Claims	C/O SAFETY INSURANCE, 20 CUSTOM HOUSE STREET, BOSTON MA 02110
George Murphy	officer: VP - Marketing	C/O SAFETY INSURANCE GROUP, INC., 20 CUSTOM HOUSE STREET, BOSTON MA 02110
James Berry	officer: VP - Insurance Operations	C/O SAFETY INSURANCE, 20 CUSTOM HOUSE STREET, BOSTON MA 02110