REVO Insurance Cash Flow Statement

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

Millions EUR. 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	22.41	18.58	10.57	6.19	-13.84
Depreciation & Amortization	9.29	1.71	1.92	0.92	-
Gain (Loss) on Sale of Investments	-0.21	-0.11	-0.16	-	-
Change in Accounts Receivable	-	-	-	-	-12.12
Reinsurance Recoverable	8.9	-1.27	16.17	7.39	-
Change in Insurance Reserves / Liabilities	-18.7	-9.55	-9.01	-27.48	-
Change in Other Net Operating Assets	-40.93	-20.22	4.31	30.72	13.09
Other Operating Activities	54.11	54.57	20.61	18.12	-27.04
Operating Cash Flow	34.87	43.69	44.4	35.87	-39.91
Operating Cash Flow Growth	-20.19%	-1.60%	23.80%	-	-
Capital Expenditures	-7.66	-5.59	-2.23	-15.61	-91.23
Investment in Securities	-20.81	-36.82	-34.99	-40.23	-149.47
Other Investing Activities	-	-	-	-	60.34
Investing Cash Flow	-28.46	-42.4	-37.22	-55.84	-180.36
Issuance of Common Stock	4.11	-	-	-	230.1
Repurchases of Common Stock	-	-1.67	-6.56	-1.25	-
Common Dividends Paid	-5.66	-2	-	-	-
Other Financing Activities	-1.44	-1.16	1.12	13.48	2.57
Financing Cash Flow	-2.99	-4.83	-5.43	12.23	232.67
Net Cash Flow	3.42	-3.54	1.75	-7.74	12.4
Free Cash Flow	27.21	38.11	42.17	20.26	-131.14
Free Cash Flow Growth	-28.59%	-9.64%	108.21%	-	-
Free Cash Flow Margin	6.55%	12.20%	19.11%	21.10%	-3002.86%
Free Cash Flow Per Share	1.04	1.61	1.77	0.75	-5.88
Cash Interest Paid	-	-	0.07	-	-
Cash Income Tax Paid	12.09	4.18	-	7.09	-0.4
Levered Free Cash Flow	36.14	8.93	34.6	-58.44	-
Unlevered Free Cash Flow	36.42	9.21	34.92	-58.31	-
Change in Working Capital	-50.73	-31.05	11.47	10.64	0.97

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