Safety Insurance Group, Inc. (SAFT)

Safety Insurance Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	72.55	70.73	18.88	46.56	130.71	138.21
Depreciation & Amortization	9.14	9.47	6.95	6.61	6.9	7.53
Gain (Loss) on Sale of Investments	-6.97	-10.95	-9.14	36.89	-26.78	-4.87
Stock-Based Compensation	4.45	4.48	4.33	5.98	6.29	7.46
Change in Accounts Receivable	-36.92	-49.78	-64.15	-21.59	8.19	14.22
Reinsurance Recoverable	-34.75	-31.43	-19.37	2.52	10.84	13.95
Change in Accounts Payable	-1.07	13.2	-9.34	-2.68	-2.88	4.31
Change in Unearned Revenue	78.07	91.77	94.78	19.89	-8.41	-20.32
Change in Income Taxes	0.44	1.63	-2.41	3.24	-1.23	0.72
Change in Insurance Reserves / Liabilities	78.92	68.59	53.48	-21.05	3.07	-42.99
Change in Other Net Operating Assets	-0.03	-21.38	-7.61	-14.96	20.73	-7.7
Other Operating Activities	1.71	0.38	1.66	-8.37	5.32	5.16
Operating Cash Flow	153	128.69	52.11	44.33	141.39	109.46
Operating Cash Flow Growth	248.74%	146.94%	17.57%	-68.65%	29.17%	-2.66%
Capital Expenditures	-1.63	-4.37	-1.78	-2.09	-8.23	-9.95
Cash Acquisitions	-1.07	-2.07	-2.11	-17.59	-	-
Investment in Securities	-63.12	-48.11	28.16	-0.31	-57.76	-25.58
Investing Cash Flow	-65.81	-54.54	24.27	-19.99	-65.99	-35.52
Long-Term Debt Issued	-	15	20	5	-	30
Total Debt Repaid	-45	-15	-25	-	-	-
Net Debt Issued (Repaid)	-	-	-5	5	-	30
Repurchases of Common Stock	-	-	-5.24	-14.6	-11.56	-40
Common Dividends Paid	-53.28	-53.33	-53.29	-53.04	-54.01	-54.58
Financing Cash Flow	-53.28	-53.33	-63.53	-62.64	-65.57	-64.57
Net Cash Flow	33.91	20.82	12.85	-38.3	9.83	9.36
Free Cash Flow	151.37	124.32	50.33	42.23	133.17	99.51
Free Cash Flow Growth	282.66%	147.01%	19.17%	-68.28%	33.82%	-3.26%
Free Cash Flow Margin	13.13%	11.10%	5.41%	5.29%	15.05%	11.76%
Free Cash Flow Per Share	10.28	8.45	3.42	2.87	8.92	6.58
Cash Interest Paid	0.51	0.51	0.81	0.51	0.51	0.39
Cash Income Tax Paid	16.52	16.52	6.07	19.12	29.19	31.08
Levered Free Cash Flow	197.75	178.71	82.62	22.66	117.47	80.18
Unlevered Free Cash Flow	198.06	179.03	83.13	22.99	117.8	80.45
Change in Net Working Capital	-127.99	-112.97	-57.86	25.08	-9.84	34.09

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q