Assicurazioni Generali 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,724	3,747	2,235	2,847
Depreciation & Amortization	492	298	464	777
Gain (Loss) on Sale of Investments	-11,207	-9,402	20,928	-
Change in Accounts Receivable	-	-	-	398
Reinsurance Recoverable	54	-1,070	800	-
Change in Insurance Reserves / Liabilities	4,137	-5,435	4,420	-
Change in Other Net Operating Assets	1,775	-1,042	-2,534	-3,229
Other Operating Activities	16,220	14,592	-15,972	17,004
Operating Cash Flow	15,383	1,732	10,341	17,480
Operating Cash Flow Growth	788.16%	-83.25%	-40.84%	-9.63%
Capital Expenditures	-378	-177	-917	-
Sale of Property, Plant & Equipment	-	-	-	334
Cash Acquisitions	-2,125	-	-1,192	-1,100
Investment in Securities	-11,137	9,701	-1,157	-10,886
Other Investing Activities	-768	-8,396	-5,494	-6,917
Investing Cash Flow	-13,817	2,283	-9,016	-16,295
Long-Term Debt Issued	2,408	572	341	1,894
Total Debt Repaid	-	-2,393	-356	-
Net Debt Issued (Repaid)	2,408	-1,821	-15	1,894
Repurchases of Common Stock	-764	-191	-500	-
Common Dividends Paid	-1,986	-1,793	-1,909	-2,310
Other Financing Activities	-	1	1	-261
Financing Cash Flow	-342	-3,804	-2,423	-677
Foreign Exchange Rate Adjustments	21	-28	47	49
Miscellaneous Cash Flow Adjustments	-	-	-1	-1
Net Cash Flow	1,245	183	-1,052	556
Free Cash Flow	15,005	1,555	9,424	17,480
Free Cash Flow Growth	864.95%	-83.50%	-46.09%	-8.04%
Free Cash Flow Margin	27.13%	3.10%	18.57%	18.27%
Free Cash Flow Per Share	9.75	1.00	6.00	11.00
Cash Interest Paid	2,046	1,653	1,435	-
Cash Income Tax Paid	1,003	806	1,698	1,176
Levered Free Cash Flow	4,457	3,269	-29,625	8,012
Unlevered Free Cash Flow	5,175	3,765	-29,245	8,472
Change in Working Capital	5,966	-7,547	2,686	-2,831

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.