ASR Nederland Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	946	1,086	-1,709	942	657	Upgrade
Depreciation & Amortization	113	78	48	30	25	Upgrade
Other Amortization	-	-	-	22	23	Upgrade
Gain (Loss) on Sale of Investments	540	59	6	-86	163	Upgrade
Change in Accounts Receivable	616	2,281	-3,477	-2,626	-1,482	Upgrade
Reinsurance Recoverable	-48	31	141	66	88	Upgrade
Change in Insurance Reserves / Liabilities	-1,665	-1,261	-12,069	-545	2,505	Upgrade
Change in Other Net Operating Assets	-1,785	844	16,891	2,255	-1,812	Upgrade
Other Operating Activities	572	451	-815	138	84	Upgrade
Operating Cash Flow	-699	3,597	-961	198	354	Upgrade
Operating Cash Flow Growth	-	-	-	-44.07%	-	Upgrade
Capital Expenditures	-25	-29	-179	-386	-14	Upgrade
Sale of Property, Plant & Equipment	1	-	1	-	-	Upgrade
Purchase / Sale of Intangible Assets	-5	-5	-11	-1	-1	Upgrade
Cash Acquisitions	1	2,255	-13	-88	-33	Upgrade
Investment in Securities	-15	-20	-	13	1	Upgrade
Other Investing Activities	-	-	-	-1	-	Upgrade
Investing Cash Flow	-1,941	2,201	-202	-463	-47	Upgrade
Long-Term Debt Issued	310	1,165	987	113	4	Upgrade
Total Debt Repaid	-599	-753	-13	-16	-8	Upgrade
Net Debt Issued (Repaid)	-289	412	974	97	-4	Upgrade
Issuance of Common Stock	500	-	586	-	-	Upgrade
Repurchases of Common Stock	-605	-5	-71	-79	-74	Upgrade
Common Dividends Paid	-626	-482	-347	-285	-272	Upgrade
Other Financing Activities	-56	-55	-38	-25	-49	Upgrade
Financing Cash Flow	-1,076	-130	1,104	-292	-399	Upgrade
Foreign Exchange Rate Adjustments	-	-4	-	-	-	Upgrade
Net Cash Flow	-3,716	5,664	-59	-557	-92	Upgrade
Free Cash Flow	-724	3,568	-1,140	-188	340	Upgrade
Free Cash Flow Margin	-4.79%	28.49%	-28.79%	-1.93%	4.48%	Upgrade
Free Cash Flow Per Share	-3.12	17.80	-8.32	-1.19	2.12	Upgrade
Cash Interest Paid	3,587	2,188	383	370	330	Upgrade
Cash Income Tax Paid	102	82	202	131	87	Upgrade
Levered Free Cash Flow	-10,729	-30,556	-41,140	5,155	-3,475	Upgrade
Unlevered Free Cash Flow	-10,442	-30,388	-41,080	5,368	-3,292	Upgrade
Change in Working Capital	-2,882	1,895	1,486	-850	-701	Upgrade

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.