BVL:POSITIC1 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	183.74	215.57	150.14	63.7	73.25
Depreciation & Amortization	11.61	12.15	10.87	10.71	12.58
Other Amortization	13.07	10.74	9.9	10.19	10.03
Gain (Loss) on Sale of Investments	87.48	61.02	53.19	1.6	-7.26
Change in Accounts Receivable	-48.07	-6.46	-167.17	-29.64	-85.16
Reinsurance Recoverable	170.33	-115.75	-31.77	31.53	-253.86
Change in Unearned Revenue	25.28	34.25	57.91	-1.75	0.27
Change in Income Taxes	137.23	61.06	72.28	-74.25	-42.09
Change in Insurance Reserves / Liabilities	-68.64	12.14	149.26	407.53	430.72
Change in Other Net Operating Assets	50.29	-74.74	38.32	23.92	-17.33
Other Operating Activities	135.06	86.08	185.03	-268.25	-13.33
Operating Cash Flow	570.27	307.52	403.11	209.13	206.35
Operating Cash Flow Growth	85.44%	-23.71%	92.76%	1.35%	-29.92%
Capital Expenditures	-4.07	-7.6	-6.35	-11.3	-5.58
Sale of Property, Plant & Equipment	0.17	0.18	5.05	8.6	20.54
Purchase / Sale of Intangible Assets	-23.72	-25.71	-20.46	-5.7	-9.34
Investment in Securities	-165.14	-250.96	-308.1	-404.19	-222.16
Other Investing Activities	30.57	38.48	33.5	23.73	40.82
Investing Cash Flow	-290.05	-245.88	-418.42	-398.25	-210.82
Short-Term Debt Issued	-	-	-	0.74	-
Total Debt Issued	-	-	-	0.74	-
Total Debt Repaid	-26.83	-26.48	-27.24	-	-65
Net Debt Issued (Repaid)	-26.83	-26.48	-27.24	0.74	-65
Common Dividends Paid	-134.69	-7.2	-7.2	-0.03	-59.43
Financing Cash Flow	-161.52	-33.68	-34.44	0.71	-124.43
Net Cash Flow	118.7	27.96	-49.75	-188.41	-128.89
Free Cash Flow	566.2	299.91	396.76	197.83	200.77
Free Cash Flow Growth	88.79%	-24.41%	100.55%	-1.46%	-29.62%
Free Cash Flow Margin	22.21%	13.36%	18.09%	10.49%	11.84%
Free Cash Flow Per Share	0.73	0.39	0.51	0.26	0.26
Levered Free Cash Flow	346.06	408.48	125.27	239.88	75.56
Unlevered Free Cash Flow	352.97	416.76	132.7	245.63	82.32
Change in Working Capital	169.63	-73.1	18.78	402.9	162.61

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