Safety Insurance (SAFT) Gross Margin (2010 - 2026)
Safety Insurance (SAFT) reported Gross Margin of 21.35% for Q1 2026, down 887.0% on a YoY basis from 2.71% in Q1 2025, and down 57.56% quarter-over-quarter from 50.31% in Q4 2025.
Safety Insurance (SAFT) Gross Margin (2010 - 2026) Analysis & Trends
Safety Insurance has reported Gross Margin for 17 years, with the latest figure at 21.35% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 887.0% year-over-year to 21.35%; the trailing twelve-month figure through Mar 2026 stood at 36.3% (up 443.0% YoY), and the FY2025 full-year result was 36.92%, up 782.0% from the prior year.
- Gross Margin for Q1 2026 stood at 21.35%, down from 50.31% in the prior quarter.
- The five-year high for Gross Margin was 50.31% in Q4 2025, with the low at 6.33% in Q4 2023.
- Historically, Gross Margin has averaged 31.69% across 5 years, with a median of 34.17% in 2022.
- Annual changes were most pronounced in 2023 — Gross Margin plunged 4948 bps — and 2024, when it soared 3460 bps.
- Safety Insurance's Gross Margin stood at 43.14% in 2022, then plunged by 115 bps to 6.33% in 2023, then surged by 546 bps to 28.26% in 2024, then soared by 78 bps to 50.31% in 2025, then slumped by 58 bps to 21.35% in 2026.
- The last three Gross Margin figures came in at 21.35% (Q1 2026), 50.31% (Q4 2025), and 37.24% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 127.40 Bn | 119.98 Bn | 8.64 Bn | 58.50% |
| 2 | Progressive | 119.47 Bn | 115.12 Bn | 8.36 Bn | 37.68% |
| 3 | Travelers Companies | 65.26 Bn | 41.34 Bn | 5.54 Bn | 46.48% |
| 4 | Allstate | 57.33 Bn | 32.74 Bn | 14.72 Bn | 86.87% |
| 5 | Berkley W R | 26.90 Bn | 23.16 Bn | 2.72 Bn | 73.70% |
| 6 | Cincinnati Financial | 25.67 Bn | 24.41 Bn | 2.60 Bn | 99.65% |
| 7 | Markel | 22.97 Bn | 7.51 Bn | 2.38 Bn | 67.14% |
| 8 | Loews | 22.18 Bn | 9.92 Bn | -1.32 Bn | -153.50% |
| 9 | Assurant | 12.79 Bn | 10.87 Bn | 2.01 Bn | 72.35% |
| 10 | Safety Insurance | 1.02 Bn | 769.16 Mn | 67.18 Mn | 21.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.35% |
| Dec 31, 2025 | 50.31% |
| Sep 30, 2025 | 37.24% |
| Jun 30, 2025 | 31.15% |
| Mar 31, 2025 | 30.22% |
| Dec 31, 2024 | 28.26% |
| Sep 30, 2024 | 38.20% |
| Jun 30, 2024 | 30.05% |
| Mar 31, 2024 | 37.22% |
| Dec 31, 2023 | -6.33% |
| Sep 30, 2023 | 30.45% |
| Jun 30, 2023 | 37.45% |
| Mar 31, 2023 | 21.80% |
| Dec 31, 2022 | 43.14% |
| Sep 30, 2022 | 35.50% |
| Jun 30, 2022 | 38.61% |
| Mar 31, 2022 | 34.17% |
| Dec 31, 2021 | 37.27% |
| Sep 30, 2021 | 38.72% |
| Jun 30, 2021 | 50.57% |