Thai Reinsurance PCL Cash Flow Statement

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

Millions THB. 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	-2.74	275.31	209.58	-193.68	-356.46
Depreciation & Amortization	34.66	32.86	21.95	26.07	25.83
Other Operating Activities	127.91	-241.04	-576.08	217.45	624.37
Operating Cash Flow	159.83	67.13	-344.55	49.84	293.74
Operating Cash Flow Growth	138.08%	-	-	-83.03%	360.96%
Capital Expenditures	-41.57	-118.47	-187.15	-43.43	-46.63
Sale of Property, Plant & Equipment	0.42	109.25	2.61	0.58	0.17
Investment in Securities	-0.09	-	-8.65	-	-
Investing Cash Flow	-41.24	-9.22	-193.19	-42.85	-46.46
Total Debt Repaid	-8.28	-6.49	-4.35	-3.33	-2.84
Net Debt Issued (Repaid)	-8.28	-6.49	-4.35	-3.33	-2.84
Issuance of Common Stock	-	-	336.11	-	-
Common Dividends Paid	-	-	-	-	-168.6
Other Financing Activities	-12.76	-13.07	240.98	-	-
Financing Cash Flow	-21.04	-19.56	572.74	-3.33	-171.44
Miscellaneous Cash Flow Adjustments	0	-0.01	-0.02	-0.01	-0.05
Net Cash Flow	97.56	38.34	34.97	3.65	75.79
Free Cash Flow	118.27	-51.34	-531.71	6.41	247.11
Free Cash Flow Growth	-	-	-	-97.41%	807.71%
Free Cash Flow Margin	3.45%	-1.47%	-10.60%	0.14%	5.32%
Free Cash Flow Per Share	0.03	-0.01	-0.13	0.00	0.06
Cash Income Tax Paid	-4.95	24.91	7.49	12.42	31.21
Levered Free Cash Flow	-976.31	-2,453	245.8	-336.48	-40.69
Unlevered Free Cash Flow	-975.46	-2,452	246.4	-336.3	-40.44

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