BSM:BIHL Cash Flow Statement

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

Millions BWP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-43.16	-106.13	775.3	442.58	388.02	532
Depreciation & Amortization	31.82	24.88	27.68	23.21	17.67	12.83
Other Amortization	-	-	-	11.08	10.51	7.07
Gain (Loss) on Sale of Assets	-	-	-	-	-	-1.4
Gain (Loss) on Sale of Investments	-	-	-	281.82	973.17	372.1
Stock-Based Compensation	-	-	-	16.07	11.1	11.7
Change in Accounts Receivable	-	-	-	-51.14	3.47	-37.17
Reinsurance Recoverable	-	-	-	48.14	-1.6	-1.54
Change in Insurance Reserves / Liabilities	-	-	-	92.13	-7.01	263.47
Change in Other Net Operating Assets	-	-	-	54.94	1,139	-116.64
Other Operating Activities	109.6	596.45	-501.63	102.19	-240.56	620.79
Operating Cash Flow	98.25	515.19	301.35	649.46	1,965	1,383
Operating Cash Flow Growth	-80.51%	70.96%	-53.60%	-66.95%	42.03%	41.23%
Capital Expenditures	-9.87	-8.21	-8.95	-6.65	-138.64	-239.89
Purchase / Sale of Intangible Assets	-8.74	-2.45	-5.9	-5.2	-18.5	-1.93
Investment in Securities	-	-	250	-	-1,720	-646.54
Investing Cash Flow	-18.61	-10.66	235.15	23.46	-1,867	-873.28
Total Debt Repaid	-7.38	-6.43	-6.45	-5.78	-5.44	-4.57
Net Debt Issued (Repaid)	-7.38	-6.43	-6.45	-5.78	-5.44	-4.57
Issuance of Common Stock	-	-	-	1.12	-	-
Common Dividends Paid	-306.76	-518.47	-760.18	-404.96	-194.76	-428.08
Financing Cash Flow	-314.14	-524.9	-766.63	-409.63	-200.19	-432.65
Net Cash Flow	-234.5	-20.37	-230.13	263.29	-102.22	77.54
Free Cash Flow	88.38	506.98	292.4	642.81	1,826	1,144
Free Cash Flow Growth	-82.00%	73.38%	-54.51%	-64.80%	59.70%	100.40%
Free Cash Flow Margin	4.25%	22.28%	9.08%	23.46%	53.94%	34.81%
Free Cash Flow Per Share	0.31	1.81	1.03	2.28	6.58	4.13
Cash Interest Paid	1.02	0.71	0.76	1.08	0.54	0.86
Cash Income Tax Paid	64.22	126.68	228.35	109.85	83.83	70.67
Levered Free Cash Flow	-	-654.87	-1,529	-495.57	-825.46	-190.39
Unlevered Free Cash Flow	-	-654.42	-1,529	-494.9	-825.12	-189.85
Change in Working Capital	-	-	-	144.07	1,134	108.12

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.