State Auto Financial (STFC) trailing twelve month cash flow statement covering six trailing twelve month periods to September 30, 2021, as reported to the SEC.
A cash flow statement shows the cash that actually came in and went out, split between running the business, investing and financing.
| Sep'21 | Jun'21 | Mar'21 | Dec'20 | Sep'20 | Jun'20 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||||||||||||
Net loss | |||||||||||||||||||||
71,700 | 97,600 | 131,300 | 13,100 | -37,600 | -37,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net loss | 71,700 | 97,600 | 131,300 | 13,100 | -37,600 | -37,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Adjustments to reconcile net loss to net cash (used in) provided by operating activities | |||||||||||||||||||||
Depreciation and amortization, net | |||||||||||||||||||||
7,700 | 8,700 | 10,800 | 10,600 | 10,800 | 11,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Depreciation and amortization, net | 7,700 | 8,700 | 10,800 | 10,600 | 10,800 | 11,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Share-based compensation | |||||||||||||||||||||
10,400 | -100 | 7,100 | 900 | -900 | 1,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Share-based compensation | 10,400 | -100 | 7,100 | 900 | -900 | 1,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net investment (gain) loss | |||||||||||||||||||||
123,800 | 151,900 | 200,700 | 27,300 | -15,300 | -40,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net investment (gain) loss | 123,800 | 151,900 | 200,700 | 27,300 | -15,300 | -40,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Realized Investment Gains (Losses) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Realized Investment Gains (Losses) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Changes in operating assets and liabilities: | |||||||||||||||||||||
Deferred policy acquisition costs | |||||||||||||||||||||
7,800 | 7,200 | 7,900 | 11,100 | 9,400 | 10,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred policy acquisition costs | 7,800 | 7,200 | 7,900 | 11,100 | 9,400 | 10,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued investment income and other assets | |||||||||||||||||||||
-400 | -4,700 | -2,200 | -2,000 | -3,600 | 500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued investment income and other assets | -400 | -4,700 | -2,200 | -2,000 | -3,600 | 500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Premiums receivables | |||||||||||||||||||||
-800 | -1,300 | 2,700 | -400 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Premiums receivables | -800 | -1,300 | 2,700 | -400 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Postretirement and pension benefits | |||||||||||||||||||||
-17,400 | -18,100 | -22,400 | -16,900 | -19,300 | -13,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Postretirement and pension benefits | -17,400 | -18,100 | -22,400 | -16,900 | -19,300 | -13,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other liabilities and due to/from affiliates, net | |||||||||||||||||||||
45,700 | -52,000 | -41,100 | -25,800 | -17,800 | 5,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other liabilities and due to/from affiliates, net | 45,700 | -52,000 | -41,100 | -25,800 | -17,800 | 5,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reinsurance recoverable on losses and loss expenses payable and prepaid reinsurance premiums | |||||||||||||||||||||
-15,300 | -16,400 | 38,500 | 11,500 | 28,900 | 29,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reinsurance recoverable on losses and loss expenses payable and prepaid reinsurance premiums | -15,300 | -16,400 | 38,500 | 11,500 | 28,900 | 29,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Losses and loss expenses payable | |||||||||||||||||||||
-31,500 | -44,300 | -20,200 | -16,600 | -2,000 | -30,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Losses and loss expenses payable | -31,500 | -44,300 | -20,200 | -16,600 | -2,000 | -30,500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unearned premiums | |||||||||||||||||||||
74,000 | 63,300 | 61,000 | 74,200 | 81,800 | 84,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unearned premiums | 74,000 | 63,300 | 61,000 | 74,200 | 81,800 | 84,200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Excess Tax Benefit from Share-based Compensation, Operating Activities | |||||||||||||||||||||
-1,500 | 200 | 200 | - | 300 | 500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Excess Tax Benefit from Share-based Compensation, Operating Activities | -1,500 | 200 | 200 | - | 300 | 500 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Federal income taxes | |||||||||||||||||||||
17,800 | 34,100 | 37,800 | 6,200 | -10,900 | -12,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Federal income taxes | 17,800 | 34,100 | 37,800 | 6,200 | -10,900 | -12,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash provided from December 31, 2014 unearned premium transfer related to the homeowners quota-share reinsurance arrangement | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash provided from December 31, 2014 unearned premium transfer related to the homeowners quota-share reinsurance arrangement | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash used in pooling changes, December 31, 2011 and January 1, 2011 | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash used in pooling changes, December 31, 2011 and January 1, 2011 | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash (used in) provided by operating activities | |||||||||||||||||||||
-27,400 | 55,500 | 58,100 | 49,000 | 21,800 | -9,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash (used in) provided by operating activities | -27,400 | 55,500 | 58,100 | 49,000 | 21,800 | -9,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash flows from investing activities: | |||||||||||||||||||||
Purchases of fixed maturities available-for-sale | |||||||||||||||||||||
768,800 | 739,600 | 778,300 | 661,000 | 595,300 | 538,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of fixed maturities available-for-sale | 768,800 | 739,600 | 778,300 | 661,000 | 595,300 | 538,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Maturities, calls and pay downs of fixed maturities available-for-sale | |||||||||||||||||||||
436,700 | 400,700 | 419,000 | 384,100 | 394,100 | 369,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Maturities, calls and pay downs of fixed maturities available-for-sale | 436,700 | 400,700 | 419,000 | 384,100 | 394,100 | 369,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales of fixed maturities available-for-sale | |||||||||||||||||||||
208,500 | 176,200 | 251,500 | 229,000 | 276,200 | 298,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales of fixed maturities available-for-sale | 208,500 | 176,200 | 251,500 | 229,000 | 276,200 | 298,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales of equity securities | |||||||||||||||||||||
- | - | 139,000 | - | - | 55,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales of equity securities | - | - | 139,000 | - | - | 55,100 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales of other invested assets | |||||||||||||||||||||
2,700 | 2,000 | 1,200 | 1,300 | 1,200 | 1,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales of other invested assets | 2,700 | 2,000 | 1,200 | 1,300 | 1,200 | 1,300 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from Sale of Property, Plant, and Equipment | |||||||||||||||||||||
- | - | - | 200 | 200 | 200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from Sale of Property, Plant, and Equipment | - | - | - | 200 | 200 | 200 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sale of subsidiary | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sale of subsidiary | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net disposals of property and equipment | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net disposals of property and equipment | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash provided by investing activities | |||||||||||||||||||||
-47,100 | -46,400 | -50,900 | -21,800 | 85,800 | 92,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash provided by investing activities | -47,100 | -46,400 | -50,900 | -21,800 | 85,800 | 92,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash flows from financing activities: | |||||||||||||||||||||
Proceeds from issuance of common stock | |||||||||||||||||||||
7,300 | 3,000 | 3,300 | 3,900 | 3,900 | 4,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from issuance of common stock | 7,300 | 3,000 | 3,300 | 3,900 | 3,900 | 4,900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payments to acquire treasury stock | |||||||||||||||||||||
400 | 400 | 400 | 900 | 900 | 900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payments to acquire treasury stock | 400 | 400 | 400 | 900 | 900 | 900 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payment of dividends | |||||||||||||||||||||
17,700 | 17,600 | 17,600 | 17,500 | 17,500 | 17,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payment of dividends | 17,700 | 17,600 | 17,600 | 17,500 | 17,500 | 17,400 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from short-term debt | |||||||||||||||||||||
- | - | - | 60,000 | 60,000 | 60,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from short-term debt | - | - | - | 60,000 | 60,000 | 60,000 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net cash used in financing activities | |||||||||||||||||||||
-10,800 | -75,000 | -74,700 | -14,500 | -14,500 | 46,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net cash used in financing activities | -10,800 | -75,000 | -74,700 | -14,500 | -14,500 | 46,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net (decrease) increase in cash and cash equivalents | |||||||||||||||||||||
-85,300 | -65,900 | -67,500 | 12,700 | 93,100 | 129,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net (decrease) increase in cash and cash equivalents | -85,300 | -65,900 | -67,500 | 12,700 | 93,100 | 129,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Supplemental disclosures: | |||||||||||||||||||||
Proceeds from Income Tax Refunds | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from Income Tax Refunds | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | |||||||||||||||||||||
4,500 | 4,600 | 4,600 | 4,700 | 4,800 | 4,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | 4,500 | 4,600 | 4,600 | 4,700 | 4,800 | 4,800 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases of equity securities | |||||||||||||||||||||
- | - | 82,200 | - | - | 75,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases of equity securities | - | - | 82,200 | - | - | 75,700 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payments to Acquire Other Investments | |||||||||||||||||||||
1,200 | 1,200 | 1,100 | 7,600 | 7,700 | 17,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payments to Acquire Other Investments | 1,200 | 1,200 | 1,100 | 7,600 | 7,700 | 17,600 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||