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	2015 - 2019
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	2015 - 2019
Net Income	-43.16	-106.13	775.3	442.58	388.02	532	Upgrade
Depreciation & Amortization	31.82	24.88	27.68	23.21	17.67	12.83	Upgrade
Other Amortization	-	-	-	11.08	10.51	7.07	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-	-	-1.4	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	281.82	973.17	372.1	Upgrade
Stock-Based Compensation	-	-	-	16.07	11.1	11.7	Upgrade
Change in Accounts Receivable	-	-	-	-51.14	3.47	-37.17	Upgrade
Reinsurance Recoverable	-	-	-	48.14	-1.6	-1.54	Upgrade
Change in Insurance Reserves / Liabilities	-	-	-	92.13	-7.01	263.47	Upgrade
Change in Other Net Operating Assets	-	-	-	54.94	1,139	-116.64	Upgrade
Other Operating Activities	109.6	596.45	-501.63	102.19	-240.56	620.79	Upgrade
Operating Cash Flow	98.25	515.19	301.35	649.46	1,965	1,383	Upgrade
Operating Cash Flow Growth	-80.51%	70.96%	-53.60%	-66.95%	42.03%	41.23%	Upgrade
Capital Expenditures	-9.87	-8.21	-8.95	-6.65	-138.64	-239.89	Upgrade
Purchase / Sale of Intangible Assets	-8.74	-2.45	-5.9	-5.2	-18.5	-1.93	Upgrade
Investment in Securities	-	-	250	-	-1,720	-646.54	Upgrade
Investing Cash Flow	-18.61	-10.66	235.15	23.46	-1,867	-873.28	Upgrade
Total Debt Repaid	-7.38	-6.43	-6.45	-5.78	-5.44	-4.57	Upgrade
Net Debt Issued (Repaid)	-7.38	-6.43	-6.45	-5.78	-5.44	-4.57	Upgrade
Issuance of Common Stock	-	-	-	1.12	-	-	Upgrade
Common Dividends Paid	-306.76	-518.47	-760.18	-404.96	-194.76	-428.08	Upgrade
Financing Cash Flow	-314.14	-524.9	-766.63	-409.63	-200.19	-432.65	Upgrade
Net Cash Flow	-234.5	-20.37	-230.13	263.29	-102.22	77.54	Upgrade
Free Cash Flow	88.38	506.98	292.4	642.81	1,826	1,144	Upgrade
Free Cash Flow Growth	-82.00%	73.38%	-54.51%	-64.80%	59.70%	100.40%	Upgrade
Free Cash Flow Margin	4.25%	22.28%	9.08%	23.46%	53.94%	34.81%	Upgrade
Free Cash Flow Per Share	0.31	1.81	1.03	2.28	6.58	4.13	Upgrade
Cash Interest Paid	1.02	0.71	0.76	1.08	0.54	0.86	Upgrade
Cash Income Tax Paid	64.22	126.68	228.35	109.85	83.83	70.67	Upgrade
Levered Free Cash Flow	-	-654.87	-1,529	-495.57	-825.46	-190.39	Upgrade
Unlevered Free Cash Flow	-	-654.42	-1,529	-494.9	-825.12	-189.85	Upgrade
Change in Working Capital	-	-	-	144.07	1,134	108.12	Upgrade

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