Component: (Network and Table)
Network
00500 - Statement - Consolidated Statements of Cash Flows
(http://www.safetyinsurance.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001172052 (http://www.sec.gov/CIK)
Consolidated Statements of Cash FlowsPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
Consolidated Statements of Cash Flows
 
 
 
Cash flows from operating activities:
 
 
 
Net income (loss)
64,585,000  
(13,853,000) 
59,354,000  
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
 
 
 
Depreciation and amortization, net
14,073,000  
12,597,000  
13,123,000  
Provision (credit) for deferred income taxes
1,681,000  
552,000  
(602,000) 
Net realized (gains) losses on investments
(5,559,000) 
469,000  
(197,000) 
Net impairment losses on investments
798,000  
796,000  
 
Earnings from partnership investments
(3,185,000) 
(2,387,000) 
(878,000) 
Changes in assets and liabilities:
 
 
 
Accounts receivable
(9,129,000) 
(3,035,000) 
(6,228,000) 
Accrued investment income
64,000  
1,373,000  
34,000  
Receivable from reinsurers
(3,995,000) 
(41,721,000) 
(2,578,000) 
Ceded unearned premiums
(5,363,000) 
(3,584,000) 
(1,738,000) 
Deferred policy acquisition costs
(2,059,000) 
(1,608,000) 
(3,941,000) 
Taxes recoverable
15,497,000  
(15,497,000) 
 
Other assets
348,000  
(726,000) 
(2,871,000) 
Loss and loss adjustment expense reserves
6,344,000  
71,965,000  
26,998,000  
Unearned premium reserves
16,072,000  
11,600,000  
19,778,000  
Accounts payable and accrued liabilities
14,068,000  
(12,423,000) 
(577,000) 
Payable to reinsurers
1,955,000  
3,894,000  
559,000  
Other liabilities
(7,371,000) 
14,479,000  
(2,667,000) 
Net cash provided by operating activities
98,824,000  
 
22,891,000  
 
97,569,000  
 
Cash flows from investing activities:
 
 
 
Fixed maturities purchased
(295,211,000) 
(227,328,000) 
(234,172,000) 
Equity securities purchased
(30,060,000) 
(26,658,000) 
(27,665,000) 
Other invested assets purchased
(5,248,000) 
(4,824,000) 
(4,976,000) 
Proceeds from sales and paydowns of fixed maturities
99,682,000  
150,932,000  
153,701,000  
Proceeds from maturities, redemptions, and calls of fixed maturities
99,883,000  
110,189,000  
52,253,000  
Proceed from sales of equity securities
46,620,000  
24,380,000  
14,097,000  
Proceeds from other invested assets redeemed
4,992,000  
1,195,000  
 
Fixed assets purchased
(4,910,000) 
(4,041,000) 
(1,760,000) 
Net cash (used for) provided by investing activities
(84,252,000) 
 
23,845,000  
 
(48,522,000) 
 
Cash flows from financing activities:
 
 
 
Proceeds from stock options exercised
257,000  
278,000  
297,000  
Excess tax (expense) benefit from stock options exercised
(6,000) 
1,000  
3,000  
Dividends paid to shareholders
(42,265,000) 
(41,976,000) 
(39,302,000) 
Acquisition of treasury stock
  
(23,467,000) 
Net cash used for financing activities
(42,014,000) 
 
(41,697,000) 
 
(62,469,000) 
 
Net increase in cash and cash equivalents
(27,442,000) 
 
5,039,000  
 
(13,422,000) 
 
Cash and cash equivalents at beginning of year
47,494,000  
42,455,000  
55,877,000  
Cash and cash equivalents at end of year
20,052,000  
 
47,494,000  
 
42,455,000  
 
Supplemental disclosure of cash flow information:
 
 
 
Federal and state income taxes
9,826,000  
89,000  
23,720,000  
Interest
75,000  
75,000  
75,000