Safety Historical Balance Sheet

SAFT Stock  USD 78.54  0.40  0.51%   
Trend analysis of Safety Insurance Group balance sheet accounts such as Liabilities And Stockholders Equity of 1.6 B, Other Stockholder Equity of 90.5 M, Total Liabilities of 1 B or Other Liab of 26.4 M provides information on Safety Insurance's total assets, liabilities, and equity, which is the actual value of Safety Insurance to its prevalent stockholders. By breaking down trends over time using Safety Insurance balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Covid
Financial Statement Analysis is much more than just reviewing and examining Safety Insurance latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Safety Insurance is a good buy for the upcoming year.

Safety Insurance Inventory

(855.77 Million)

  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

About Safety Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Safety Insurance at a specified time, usually calculated after every quarter, six months, or one year. Safety Insurance Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Safety Insurance and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Safety currently owns. An asset can also be divided into two categories, current and non-current.

Safety Insurance Balance Sheet Chart

Safety Insurance Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Safety Insurance uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Safety Insurance's Cash And Short Term Investments are comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 694.1 M in 2024, whereas Other Assets are likely to drop slightly above 241.3 M in 2024.

Total Assets

Total assets refers to the total amount of Safety Insurance assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Safety Insurance books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most accounts from Safety Insurance's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Safety Insurance current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
At this time, Safety Insurance's Cash And Short Term Investments are comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 694.1 M in 2024, whereas Other Assets are likely to drop slightly above 241.3 M in 2024.
 2021 2022 2023 2024 (projected)
Total Stockholder Equity927.2M812.0M804.3M615.3M
Total Assets2.1B2.0B2.0B1.6B

Safety Insurance balance sheet Correlations

0.97-0.480.81-0.80.97-0.40.940.40.44-0.90.870.54-0.120.43-0.550.780.140.270.53-0.410.690.620.690.340.24
0.97-0.460.85-0.830.87-0.310.940.270.35-0.830.880.46-0.160.44-0.610.740.070.350.48-0.460.650.420.630.310.19
-0.48-0.46-0.040.24-0.460.17-0.53-0.39-0.730.22-0.11-0.720.12-0.71-0.12-0.84-0.63-0.46-0.80.33-0.17-0.37-0.3-0.07-0.23
0.810.85-0.04-0.790.72-0.280.7-0.01-0.01-0.850.970.24-0.010.01-0.730.4-0.280.180.23-0.270.610.240.560.210.07
-0.8-0.830.24-0.79-0.710.36-0.85-0.07-0.260.79-0.87-0.43-0.19-0.490.41-0.53-0.18-0.16-0.410.07-0.4-0.36-0.750.03-0.47
0.970.87-0.460.72-0.71-0.460.860.510.5-0.910.790.58-0.070.39-0.450.760.20.180.53-0.330.690.760.690.350.28
-0.4-0.310.17-0.280.36-0.46-0.360.06-0.320.36-0.35-0.28-0.15-0.320.08-0.33-0.18-0.12-0.28-0.050.0-0.36-0.40.19-0.28
0.940.94-0.530.7-0.850.86-0.360.370.54-0.750.790.59-0.070.64-0.430.820.330.250.51-0.350.520.540.710.210.44
0.40.27-0.39-0.01-0.070.510.060.370.47-0.310.070.34-0.160.360.060.440.350.090.32-0.210.640.710.250.580.19
0.440.35-0.73-0.01-0.260.5-0.320.540.47-0.250.130.830.210.70.320.780.790.120.680.030.050.570.49-0.150.61
-0.9-0.830.22-0.850.79-0.910.36-0.75-0.31-0.25-0.87-0.390.04-0.20.59-0.520.02-0.14-0.370.29-0.71-0.56-0.61-0.33-0.19
0.870.88-0.110.97-0.870.79-0.350.790.070.13-0.870.380.130.13-0.60.52-0.130.150.35-0.140.550.40.730.10.21
0.540.46-0.720.24-0.430.58-0.280.590.340.83-0.390.380.390.530.230.850.710.080.790.150.080.590.69-0.270.67
-0.12-0.160.12-0.01-0.19-0.07-0.15-0.07-0.160.210.040.130.39-0.020.640.060.25-0.150.390.94-0.460.230.59-0.820.46
0.430.44-0.710.01-0.490.39-0.320.640.360.7-0.20.130.53-0.020.150.650.780.240.52-0.170.080.340.38-0.030.58
-0.55-0.61-0.12-0.730.41-0.450.08-0.430.060.320.59-0.60.230.640.15-0.060.5-0.080.30.74-0.660.10.07-0.630.27
0.780.74-0.840.4-0.530.76-0.330.820.440.78-0.520.520.850.060.65-0.060.560.310.81-0.220.310.640.690.040.4
0.140.07-0.63-0.28-0.180.2-0.180.330.350.790.02-0.130.710.250.780.50.56-0.220.50.17-0.210.40.33-0.30.76
0.270.35-0.460.18-0.160.18-0.120.250.090.12-0.140.150.08-0.150.24-0.080.31-0.220.46-0.270.27-0.030.080.18-0.31
0.530.48-0.80.23-0.410.53-0.280.510.320.68-0.370.350.790.390.520.30.810.50.460.140.120.540.66-0.230.25
-0.41-0.460.33-0.270.07-0.33-0.05-0.35-0.210.030.29-0.140.150.94-0.170.74-0.220.17-0.270.14-0.60.10.35-0.810.35
0.690.65-0.170.61-0.40.690.00.520.640.05-0.710.550.08-0.460.08-0.660.31-0.210.270.12-0.60.410.170.84-0.14
0.620.42-0.370.24-0.360.76-0.360.540.710.57-0.560.40.590.230.340.10.640.4-0.030.540.10.410.720.150.36
0.690.63-0.30.56-0.750.69-0.40.710.250.49-0.610.730.690.590.380.070.690.330.080.660.350.170.72-0.310.53
0.340.31-0.070.210.030.350.190.210.58-0.15-0.330.1-0.27-0.82-0.03-0.630.04-0.30.18-0.23-0.810.840.15-0.31-0.4
0.240.19-0.230.07-0.470.28-0.280.440.190.61-0.190.210.670.460.580.270.40.76-0.310.250.35-0.140.360.53-0.4
Click cells to compare fundamentals

Safety Insurance Account Relationship Matchups

Safety Insurance balance sheet Accounts

201920202021202220232024 (projected)
Total Assets2.0B2.1B2.1B2.0B2.0B1.6B
Total Stockholder Equity808.4M884.7M927.2M812.0M804.3M615.3M
Other Assets(1.0B)(1.1B)(965.4M)282.2M254.0M241.3M
Common Stock Shares Outstanding15.3M15.1M14.9M14.7M14.7M14.2M
Liabilities And Stockholders Equity2.0B2.1B2.1B2.0B2.0B1.6B
Other Stockholder Equity118.5M85.9M80.7M77.0M76.1M90.5M
Total Liab1.2B1.2B1.2B1.2B1.2B1.0B
Other Liab344.6M24.2M46.7M30.9M27.8M26.4M
Retained Earnings661.6M745.0M821.7M815.3M781.2M534.8M
Accounts Payable87.9M87.7M85.8M85.3M80.2M69.7M
Common Stock176K177K178K179K205.9K171.1K
Property Plant Equipment54.0M31M27.1M41.5M47.7M50.1M
Other Current Liab(87.9M)(117.7M)(115.8M)(83.6M)415.0M435.7M
Total Current Liabilities87.9M117.7M115.8M25.1M499.7M524.7M
Property Plant And Equipment Net34.0M31M27.1M23.3M31.5M17.2M
Net Debt(10.4M)7.2M(6.5M)33.0M11.6M12.2M
Cash44.4M53.8M63.6M25.3M38.2M42.6M
Non Current Assets Total1.4B1.5B1.5B69.4M1.6B1.7B
Non Currrent Assets Other(1.4B)(1.5B)(1.5B)(1.3B)(59.6M)(62.5M)
Cash And Short Term Investments1.3B1.3B1.3B1.1B517.6M719.0M
Net Receivables329.8M300.5M290.6M299.8M383.2M284.6M
Common Stock Total Equity175K176K177K178K204.7K184.6K
Short Term Investments1.2B1.3B1.2B1.1B31.0M29.5M
Non Current Liabilities Total39.7M78.6M72.4M1.1B661.1M694.1M
Other Current Assets296.1M351.6M298.6M231.6M369.1M387.6M
Property Plant And Equipment Gross9.9M15.6M54.0M53.1M61.1M64.1M
Total Current Assets1.6B1.6B1.6B1.6B369.1M507.2M
Accumulated Other Comprehensive Income28.2M53.5M24.6M(80.5M)(53.2M)(50.5M)
Intangible Assets74.3M75.0M73.0M7.9M7.6M7.2M
Net Tangible Assets808.4M884.7M927.2M787.1M905.1M820.1M
Good Will1.4B1.4B1.4B17.1M19.7M18.7M
Retained Earnings Total Equity616.7M661.6M745.0M821.7M945.0M615.1M
Capital Surpluse196.3M202.3M209.8M216.1M248.5M206.2M
Long Term Investments1.4B1.5B1.5B1.3B1.5B1.5B

Pair Trading with Safety Insurance

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Safety Insurance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Safety Insurance will appreciate offsetting losses from the drop in the long position's value.

Moving against Safety Stock

  0.54DOMA Doma HoldingsPairCorr
  0.49HCI HCI GroupPairCorr
The ability to find closely correlated positions to Safety Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Safety Insurance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Safety Insurance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Safety Insurance Group to buy it.
The correlation of Safety Insurance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Safety Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Safety Insurance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Safety Insurance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Safety Insurance is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Safety Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Safety Insurance Group Stock. Highlighted below are key reports to facilitate an investment decision about Safety Insurance Group Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Safety Insurance information on this page should be used as a complementary analysis to other Safety Insurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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Is Safety Insurance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Safety Insurance. If investors know Safety will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Safety Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.50)
Dividend Share
3.6
Earnings Share
3.48
Revenue Per Share
67.22
Quarterly Revenue Growth
0.255
The market value of Safety Insurance is measured differently than its book value, which is the value of Safety that is recorded on the company's balance sheet. Investors also form their own opinion of Safety Insurance's value that differs from its market value or its book value, called intrinsic value, which is Safety Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Safety Insurance's market value can be influenced by many factors that don't directly affect Safety Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Safety Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Safety Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Safety Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.