GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Safety Insurance Group Inc (NAS:SAFT) » Definitions » Net Margin %

Safety Insurance Group (Safety Insurance Group) Net Margin %

: 4.75% (As of Dec. 2023)
View and export this data going back to 2002. Start your Free Trial

Net margin is calculated as Net Income divided by its Revenue. Safety Insurance Group's Net Income for the three months ended in Dec. 2023 was $12.3 Mil. Safety Insurance Group's Revenue for the three months ended in Dec. 2023 was $258.0 Mil. Therefore, Safety Insurance Group's net margin for the quarter that ended in Dec. 2023 was 4.75%.

The historical rank and industry rank for Safety Insurance Group's Net Margin % or its related term are showing as below:

SAFT' s Net Margin % Range Over the Past 10 Years
Min: -1.74   Med: 7.77   Max: 16.45
Current: 2.04


SAFT's Net Margin % is ranked worse than
77.73% of 485 companies
in the Insurance industry
Industry Median: 7.39 vs SAFT: 2.04

Safety Insurance Group Net Margin % Historical Data

The historical data trend for Safety Insurance Group's Net Margin % 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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.37 16.45 15.12 5.93 2.04

Safety Insurance Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % 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 11.02 -5.81 7.43 0.86 4.75

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Safety Insurance Group's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % Distribution

For the Insurance industry and Financial Services sector, Safety Insurance Group's Net Margin % distribution charts can be found below:

* The bar in red indicates where Safety Insurance Group's Net Margin % falls into.



Safety Insurance Group Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Safety Insurance Group's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=18.875/925.946
=2.04 %

Safety Insurance Group's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=12.262/257.978
=4.75 %

* 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) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Safety Insurance Group Net Margin % Related Terms

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


Safety Insurance Group (Safety Insurance Group) Business Description

Traded in Other Exchanges
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

Safety Insurance Group (Safety Insurance Group) Headlines

From GuruFocus

Safety Insurance Group Stock Appears To Be Fairly Valued

By GF Value GF Value 04-22-2021