SKYWARD SPECIALTY INSURANCE GROUP, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | $170.0M | $118.8M | $86.0M | $39.4M | $38.3M |
| Depreciation & Amortization | $3.5M | $3.4M | $3.9M | $4.1M | $5.6M |
| Depreciation | $3.3M | $2.9M | $3.2M | $3.6M | $3.6M |
| Amortization | $1.3M | $1.1M | $1.5M | $1.5M | $1.4M |
| Stock-Based Compensation | $12.0M | $9.4M | $8.5M | $2.3M | $522.0K |
| Net Cash from Operating Activities | $408.1M | $305.1M | $338.2M | $208.9M | $175.3M |
| Investing Activities | |||||
| Capital Expenditures | $5.5M | $4.2M | $3.1M | $2.3M | $2.2M |
| Business Acquisitions | — | — | $50.0K | $0 | $10.6M |
| Net Cash from Investing Activities | $-366.9M | $-243.7M | $-493.8M | $-193.4M | $-183.0M |
| Financing Activities | |||||
| Dividends Paid | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — |
| Net Cash from Financing Activities | $411.0K | $-4.2M | $130.9M | $2.2M | $1.4M |
| Net Change in Cash | $41.6M | $57.2M | $-24.7M | $17.7M | $-6.3M |
| Free Cash Flow | $402.6M | $300.9M | $335.1M | $206.6M | $173.1M |