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 annualizedNet Income for the quarter that ended in Mar. 2026 was $-57 Mil. Safety Insurance Group's average total tangible assets for the quarter that ended in Mar. 2026 was $2,429 Mil. Therefore, Safety Insurance Group's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -2.36%.
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: 0.94 Med: 3.98 Max: 6.78
Current: 2.65
During the past 13 years, Safety Insurance Group's highest Return-on-Tangible-Asset was 6.78%. The lowest was 0.94%. And the median was 3.98%.
SAFT's Return-on-Tangible-Asset is ranked worse than 51.08% of 507
companies
in the Insurance industry
Industry Median: 2.75
vs SAFT: 2.65
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 companys 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 companys 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
Safety Insurance Group Return-on-Tangible-Asset Historical Data
* Premium members only.
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.
Safety Insurance Group Return-on-Tangible-Asset Chart
SAFT vs TRUP, ASIC, UVE: Return-on-Tangible-Asset 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 vs Insurance Industry
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.
* 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -2.36% mean?
Safety Insurance Group (SAFT) has a Return-on-Tangible-Asset of -2.36% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Safety Insurance Group and its competitors. Over the past decade, Safety Insurance Group's Return-on-Tangible-Asset has ranged from 0.94 to 6.78. According to the industry distribution chart, Safety Insurance Group ranks #259 out of 507 companies in the Insurance industry, placing it in the top 51.1%.
Is Safety Insurance Group's Return-on-Tangible-Asset too high?
Safety Insurance Group's current Return-on-Tangible-Asset is -2.36%. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 6.78. Based on the distribution chart, Safety Insurance Group ranks #259 out of 507 companies in the Insurance industry, which is below the industry midpoint. Overall, Safety Insurance Group has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safety Insurance Group's Return-on-Tangible-Asset compare to TRUP and ASIC?
According to the Insurance industry distribution chart, Safety Insurance Group ranks #259 out of 507 companies for Return-on-Tangible-Asset. This places Safety Insurance Group in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.75. Historically, Safety Insurance Group's own Return-on-Tangible-Asset has ranged from 0.94 to 6.78 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.75, based on 507 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Safety Insurance Group and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safety Insurance Group's current Return-on-Tangible-Asset is -2.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safety Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, Safety Insurance Group (SAFT) is currently considered Modestly Undervalued. The stock's GF Value™ is $101.85, compared to a current price of $75.93 — trading 25.4% below its estimated fair value. The current Return-on-Tangible-Asset is -2.36%. Safety Insurance Group's overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Safety Insurance Group (SAFT), the current Return-on-Tangible-Asset is -2.36% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Safety Insurance Group (SAFT) Overvalued in 2026?
Based on GuruFocus' analysis, Safety Insurance Group stock appears to be undervalued.
The current stock price of $75.93 is trading 25.4% below its estimated GF Value™ of $101.85.
GuruFocus considers Safety Insurance Group to be Modestly Undervalued.
Key valuation signals for SAFT:
Return-on-Tangible-Asset: -2.36%
GF Value™: $101.85 vs. price of $75.93 (25.4% below fair value)
No single metric tells the full story. See the SAFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safety Insurance Group Inc is a provider of private passenger automobile, commercial automobile, and homeowners insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobiles, homeowners, dwelling fire, umbrella, and business owner policies. The company operates in the business segment of Property and casualty insurance operations.
61GF Score
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