Safety Insurance Group, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $99.3M | $70.7M | $18.9M | $46.6M | $130.7M | $138.2M | $99.6M | $83.2M |
| Depreciation & Amortization | $5.8M | $11.5M | $7.8M | $7.9M | $6.9M | $7.5M | $5.2M | $5.5M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $948.0K | $885.0K | $816.0K | $44.0K | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $194.5M | $128.7M | $52.1M | $44.3M | $141.4M | $109.5M | $112.5M | $127.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.5M | $4.4M | $1.8M | $2.1M | $8.2M | $9.9M | $9.6M | $11.2M |
| Business Acquisitions | — | $2.1M | $2.1M | $17.6M | — | — | — | — |
| Net Cash from Investing Activities | $-125.7M | $-54.5M | $24.3M | $-20.0M | $-66.0M | $-35.5M | $-53.0M | $-83.0M |
| Financing Activities | ||||||||
| Dividends Paid | $53.9M | $53.3M | $53.3M | $53.0M | $54.0M | $54.6M | $52.7M | $48.8M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-53.9M | $-53.3M | $-63.5M | $-62.6M | $-65.6M | $-64.6M | $-52.7M | $-48.8M |
| Net Change in Cash | $14.9M | $20.8M | $12.9M | $-38.3M | $9.8M | $9.4M | $6.8M | $-4.1M |
| Free Cash Flow | $192.0M | $124.3M | $50.3M | $42.2M | $133.2M | $99.5M | $102.9M | $116.5M |