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Safety Insurance Group cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$56.7M in Q3 2026 · $147M over twelve months

Operating cash flow$57.7M
Capital spending−$957K
Free cash flow+$56.7M
Cash / net income1.9×

Analysis

In Q3 2026, Safety Insurance Group generated $57.7M of operating cash flow and spent $957K on capital projects, leaving free cash flow of $56.7M. That is $28.7M less than in Q3 2025 ($85.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $153M; the largest uses were other investing ($93.5M), dividends ($53.8M), capital spending ($5.5M); the cash balance fell by $216K.

Operating cash flow was $57.7M against net income of $30.0M — 1.9× profit, cash ran ahead of reported earnings. The largest differences: receivables +$8.0M, prepaid and other assets −$5.2M, income taxes payable +$4.8M.

Free cash flow

Safety Insurance Group: free cash flow by quarterSafety Insurance Group: free cash flow by quarter$50.3MQ4 2024$2.8MQ1 2025$32.3MQ2 2025$85.5MQ3 2025$71.4MQ4 2025−$18.9MQ1 2026$37.7MQ2 2026$56.7MQ3 2026
Operating cash flow less capital spending.
Safety Insurance Group: operating cash flow against capital spendingSafety Insurance Group: operating cash flow against capital spendingOperating cash flowCapital spending$50.4M$155KQ4 2024$3.2M$332KQ1 2025$32.3M$68KQ2 2025$85.5M$0Q3 2025$73.5M$2.1MQ4 2025−$17.0M$1.8MQ1 2026$38.3M$627KQ2 2026$57.7M$957KQ3 2026
Latest (Q3 2026): Operating cash flow $57.7M, Capital spending $957K.

Capital allocation, year by year

Safety Insurance Group: where the cash came from (up) and went (down), by fiscal yearSafety Insurance Group: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $141MFY2021: Capital spending −$8.2MFY2021: Buybacks −$11.6MFY2021: Dividends −$54.0M$141MFY2021FY2022: Operating cash flow $44.3MFY2022: Net borrowing $5.0MFY2022: Capital spending −$2.1MFY2022: Acquisitions −$17.6MFY2022: Buybacks −$14.6MFY2022: Dividends −$53.0M$49.3MFY2022FY2023: Operating cash flow $52.1MFY2023: Net borrowing −$5.0MFY2023: Capital spending −$1.8MFY2023: Acquisitions −$2.1MFY2023: Buybacks −$5.2MFY2023: Dividends −$53.3M$52.1MFY2023FY2024: Operating cash flow $129MFY2024: Capital spending −$4.4MFY2024: Acquisitions −$2.1MFY2024: Dividends −$53.3M$129MFY2024FY2025: Operating cash flow $194MFY2025: Net borrowing −$30.0MFY2025: Capital spending −$2.5MFY2025: Buybacks −$20.0MFY2025: Dividends −$53.9M$194MFY2025
Over these 5 years operating cash flow totalled $561M; the largest uses were dividends ($268M) and buybacks ($51.4M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$56.0M
Debt$50.0M
Net cash$6.0M

Safety Insurance Group funds itself: free cash flow was $147M over the last twelve months, and $56.0M of cash and investments stands against $50.0M of debt.

Where the cash came from and went

Safety Insurance Group: sources (+) and uses (−) of cash, Q3 2026Safety Insurance Group: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$57.7MOther investing−$55.3MDividends−$13.4MCash drawn (+) / kept (−)$11.9MCapital spending−$957K
Safety Insurance Group: sources (+) and uses (−) of cash, TTM to Q3 2026Safety Insurance Group: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$153MOther investing−$93.5MDividends−$53.8MCapital spending−$5.5MCash drawn (+) / kept (−)$216K

From profit to cash

Safety Insurance Group: net income to operating cash flow, Q3 2026Safety Insurance Group: net income to operating cash flow, Q3 2026Net income$30.0MDepreciation & amortization$1.4MStock-based pay$1.3MDeferred taxes−$88KReceivables$8.0MPayables$327KPrepaid and other assets−$5.2MIncome taxes payable$4.8MOperating cash flow$57.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsCash drawn (+) / kept (−)Free cash flow
Q3 2026$57.7M−$957K−$13.4M$11.9M$56.7M
Q2 2026$38.3M−$627K−$13.4M−$13.1M$37.7M
Q1 2026−$17.0M−$1.8M−$13.6M$19.1M−$18.9M
Q4 2025$73.5M−$2.1M−$13.5M−$17.7M$71.4M
Q3 2025$85.5M—−$13.6M−$6.8M$85.5M
Q2 2025$32.3M−$68K−$13.3M$15.3M$32.3M
Q1 2025$3.2M−$332K−$13.6M−$5.7M$2.8M
Q4 2024$50.4M−$155K−$13.2M$3.6M$50.3M

Safety Insurance Group: income statement and cash flow

Safety Insurance Group, Q3 2026: revenue $328M (+0.4% year over year), operating margin 11.7%. The chart follows the revenue to costs, profit and cash.

Safety Insurance Group: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.