BVL:MAPFSGC1 Cash Flow Statement

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

Millions PEN. 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	207.52	196.63	145.29	185.34	111.1
Depreciation & Amortization	13.73	15.4	14.02	12.87	11.27
Other Amortization	16.67	22.32	14.76	13.39	11.02
Gain (Loss) on Sale of Assets	-	-42.07	1.45	-	-0.06
Gain (Loss) on Sale of Investments	-152.9	-7.1	8.76	38.08	-13.05
Change in Accounts Receivable	129.5	-196.39	-129.24	-3.34	6.51
Reinsurance Recoverable	577.38	367.49	272.94	-1,047	-234.27
Change in Unearned Revenue	-	73	37.22	0.69	38.07
Change in Income Taxes	8.76	7.81	81.4	-6.01	66.12
Change in Insurance Reserves / Liabilities	-314.63	-259.96	-236.01	1,122	157.43
Change in Other Net Operating Assets	-0.65	36.18	-61.57	-4.19	-113.84
Other Operating Activities	336.97	359.23	337.71	289.57	274.78
Operating Cash Flow	788.59	620.18	456.02	619.02	373.56
Operating Cash Flow Growth	27.16%	36.00%	-26.33%	65.71%	51.15%
Capital Expenditures	-11.58	-4.78	-22.67	-53.77	-20.04
Purchase / Sale of Intangible Assets	-	-18.75	-13.65	-	-22.01
Investment in Securities	-569.02	-606.31	-375	-458.55	-92.21
Other Investing Activities	-7.17	-	-	-18.47	-
Investing Cash Flow	-587.77	-574.27	-415.42	-581.11	-171.74
Short-Term Debt Issued	-	-	-	151.85	120.1
Total Debt Issued	-	-	-	151.85	120.1
Total Debt Repaid	-	-	-	-197.65	-74.3
Net Debt Issued (Repaid)	-	-	-	-45.8	45.8
Repurchases of Common Stock	-	-	-	-	-72.92
Common Dividends Paid	-93	-80	-83	-65	-37.5
Financing Cash Flow	-93	-80	-83	-110.8	-64.62
Net Cash Flow	107.82	-34.1	-42.39	-72.89	137.2
Free Cash Flow	777.01	615.4	433.35	565.25	353.53
Free Cash Flow Growth	26.26%	42.01%	-23.33%	59.89%	47.87%
Free Cash Flow Margin	52.16%	28.34%	21.53%	33.68%	22.36%
Free Cash Flow Per Share	1.22	0.97	0.68	0.89	0.56
Levered Free Cash Flow	468.5	36.35	-103.46	-33.36	66.83
Unlevered Free Cash Flow	470.04	37.26	-102.56	-32.32	68.01
Change in Working Capital	368.05	77.05	-64.13	82.39	-24.41

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