BAX:BKIC Cash Flow Statement

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

Millions BHD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	4.88	4.75	5.17	5.01	5.68	4.15
Depreciation & Amortization	0.83	0.78	0.56	0.58	0.42	0.4
Gain (Loss) on Sale of Investments	-	-	-	-	-0.07	-
Change in Accounts Receivable	1.63	-2.29	0.95	-0.61	-0.8	-
Reinsurance Recoverable	-52.98	-49	-10.02	-9.55	31.94	-
Change in Insurance Reserves / Liabilities	58.93	53.17	11.09	15.43	-29.96	-
Change in Other Net Operating Assets	-0.25	-1.17	0.23	0.8	-2.14	-
Other Operating Activities	-4.63	-4.05	-3.58	-3.85	-2.55	9.08
Operating Cash Flow	6.66	5.2	3.12	8.06	3.62	13.63
Operating Cash Flow Growth	135.23%	67.01%	-61.33%	122.93%	-73.48%	26.33%
Capital Expenditures	-0.13	-0.13	-0.19	-0.44	-0.22	-0.19
Sale of Property, Plant & Equipment	-	-	-	-	-	0.03
Purchase / Sale of Intangible Assets	-0.11	-0.16	-0.21	-1.62	-	-
Cash Acquisitions	0.71	-	-	-	-	-
Investment in Securities	-2.47	-4.82	-8.13	-13.87	-11.37	-5.23
Other Investing Activities	4.96	3.97	4.41	4.1	4.95	3.03
Investing Cash Flow	2.96	-1.13	-4.12	-11.83	-6.64	-2.36
Total Debt Repaid	-0.18	-0.19	-0.17	-0.16	-	-
Net Debt Issued (Repaid)	-0.18	-0.19	-0.17	-0.16	-	-
Repurchases of Common Stock	-0.14	-0.14	-0.48	-0.11	-0	-
Common Dividends Paid	-3.69	-3.69	-3.69	-3.73	-2.99	-2.14
Other Financing Activities	-0.13	-0.13	-0.11	-0.08	-0.08	-0.08
Financing Cash Flow	-4.14	-4.15	-4.45	-4.07	-3.07	-2.21
Foreign Exchange Rate Adjustments	-0.03	0.03	-0.01	-0.05	-0.13	-
Net Cash Flow	5.45	-0.05	-5.46	-7.89	-6.22	9.06
Free Cash Flow	6.54	5.08	2.93	7.62	3.4	13.45
Free Cash Flow Growth	147.16%	73.29%	-61.52%	124.20%	-74.74%	25.59%
Free Cash Flow Margin	4.17%	3.27%	3.37%	14.88%	7.10%	31.54%
Free Cash Flow Per Share	0.04	0.03	0.02	0.05	0.02	0.09
Cash Income Tax Paid	0.16	0.16	0.12	-	-	-
Levered Free Cash Flow	2.62	9.42	5.17	8.46	4	14.4
Unlevered Free Cash Flow	2.64	9.44	5.18	8.47	4.01	14.4
Change in Working Capital	5.65	3.77	1.03	6.4	0.16	-

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