SAFT Safety Insurance Group, Inc. Common Stock

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

SAFT vs DGICA

Both indexed to 100 at 2026-05-11.

SAFT DGICA · range 96–151 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

DGICA Donegal Group, Inc. Class A Common Stock

ρ +0.61beyond mkt +0.38holdout +0.53stable 100%robust

EIG Employers Holdings, Inc.

ρ +0.62beyond mkt +0.36holdout +0.46stable 100%robust

HMN Horace Mann Educators Corporation

ρ +0.60beyond mkt +0.36holdout +0.50stable 88%robust

AMSF AMERISAFE, Inc. Common Stock

ρ +0.59beyond mkt +0.35holdout +0.42stable 88%robust

UFCS United Fire Group, Inc. Common Stock

ρ +0.60beyond mkt +0.34holdout +0.41stable 88%robust

MCY Mercury General Corp.

ρ +0.56beyond mkt +0.33holdout +0.39stable 88%robust

No day-to-day relationship, but 5- or 10-day returns move together.

AMPH Amphastar Pharmaceuticals, Inc. Common Stock

horizon 10dρ +0.43holdout +0.24stable 75%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

AMSF AMERISAFE, Inc. Common Stock

Δ -0.74recent -0.09prior +0.65beyond mkt +0.35

UFCS United Fire Group, Inc. Common Stock

Δ -0.74recent -0.09prior +0.65beyond mkt +0.34

HMN Horace Mann Educators Corporation

Δ -0.70recent -0.04prior +0.66beyond mkt +0.36

PLGO Pelagos Insurance Capital Limited

Δ -0.64recent -0.11prior +0.53beyond mkt +0.23

MCY Mercury General Corp.

Δ -0.63recent -0.03prior +0.60beyond mkt +0.33

KIE State Street SPDR S&P Insurance ETF

Δ -0.60recent +0.04prior +0.64beyond mkt +0.32

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
HMN Horace Mann Educators Corporation	+0.36	+0.60	22
DGICA Donegal Group, Inc. Class A Common Stock	+0.38	+0.61	24
EIG Employers Holdings, Inc.	+0.36	+0.62	25