Helios Underwriting Cash Flow Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	20.55	18.58	38.54	-2.1	-0.43
Gain (Loss) on Sale of Assets	-	-	-	-0.26	-0.01
Gain (Loss) on Sale of Investments	-30.33	-36.03	-50.78	-	-
Change in Insurance Reserves / Liabilities	-	-	-	92.26	18.29
Change in Other Net Operating Assets	28.1	11.25	5.91	-45.48	-1.32
Other Operating Activities	-	2.53	-1.3	-4.09	-3.67
Operating Cash Flow	18.32	-3.68	-7.63	-27.04	-18.59
Purchase / Sale of Intangible Assets	-	-	-	4.68	-1.18
Cash Acquisitions	-	-	-	-4.78	-13.26
Other Investing Activities	-	-	-	2.87	1.57
Investing Cash Flow	-	-	-	2.76	-12.86
Long-Term Debt Issued	-	-	59.06	15	-
Total Debt Repaid	-	-0.2	-15	-	-4
Net Debt Issued (Repaid)	-	-0.2	44.06	15	-4
Issuance of Common Stock	-	-	0.35	12.78	53.6
Repurchases of Common Stock	-6.96	-4.53	-3.21	-	-
Common Dividends Paid	-7.14	-4.42	-2.32	-2.03	-2.02
Other Financing Activities	-4.16	1.17	-	-0.8	-
Financing Cash Flow	-18.26	-7.98	38.88	24.95	47.58
Net Cash Flow	0.06	-11.66	31.25	0.68	16.13
Cash Interest Paid	-	-	-	0.8	-
Cash Income Tax Paid	-	-	-	0.17	0.68
Levered Free Cash Flow	37.66	23.86	181.65	-67.77	-63.29
Unlevered Free Cash Flow	41.71	27.65	182.73	-67.21	-63.25
Change in Working Capital	28.1	11.25	5.91	-19.37	-14.47

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.