Everest Group Cash Flow Statement

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

Millions USD. 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	1,591	1,373	2,517	597	1,379
Gain (Loss) on Sale of Investments	-23	-186	212	510	-182
Stock-Based Compensation	61	63	49	45	43
Change in Accounts Receivable	-116	-715	-1,064	-435	-649
Reinsurance Recoverable	-1,453	-1,091	143	-413	-125
Change in Unearned Revenue	-278	809	1,387	655	1,146
Change in Income Taxes	150	-277	-559	-181	68
Change in Insurance Reserves / Liabilities	3,504	5,687	2,349	3,291	2,939
Change in Other Net Operating Assets	-329	-1,005	-619	-754	-1,184
Other Operating Activities	1	1	-	-1	1
Operating Cash Flow	3,068	4,957	4,553	3,695	3,833
Operating Cash Flow Growth	-38.11%	8.87%	23.22%	-3.60%	33.37%
Investment in Securities	-2,762	-4,885	-6,147	-3,684	-4,127
Other Investing Activities	666	407	245	266	258
Investing Cash Flow	-2,096	-4,478	-5,902	-3,418	-3,869
Long-Term Debt Issued	-	200	300	-	1,177
Net Debt Issued (Repaid)	-	200	300	-	1,177
Issuance of Common Stock	-	-	1,445	-	-
Repurchases of Common Stock	-819	-225	-24	-81	-242
Common Dividends Paid	-335	-334	-288	-255	-247
Other Financing Activities	-21	-24	-24	-23	-14
Financing Cash Flow	-1,175	-383	1,409	-359	674
Foreign Exchange Rate Adjustments	-28	16	-23	39	1
Miscellaneous Cash Flow Adjustments	-	-	1	1	-
Net Cash Flow	-231	112	38	-42	639
Cash Interest Paid	150	147	130	98	62
Cash Income Tax Paid	150	397	196	171	98
Levered Free Cash Flow	32,056	-24,043	2,639	3,196	4,133
Unlevered Free Cash Flow	32,150	-23,950	2,722	3,259	4,177
Change in Working Capital	1,243	3,543	1,655	2,364	2,381

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