Arpico Insurance Cash Flow Statement

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

Millions LKR. 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	187.9	234.89	-683.83	36.24	236.7	200.68	Upgrade
Depreciation & Amortization	151.62	142.03	124.14	94.03	93.14	87.01	Upgrade
Other Amortization	0.44	0.44	0.35	0.31	0.29	0.26	Upgrade
Gain (Loss) on Sale of Investments	-31.63	-31.63	-28.46	-18.61	0.87	-	Upgrade
Change in Accounts Receivable	31.76	31.76	7.86	-36.86	-31.66	38.72	Upgrade
Reinsurance Recoverable	0.59	0.59	-9.21	6.47	-1.2	61.18	Upgrade
Change in Insurance Reserves / Liabilities	-170.15	-170.15	644	344.86	-7.91	342.17	Upgrade
Change in Other Net Operating Assets	5.57	5.57	-92.35	156.45	2.38	-59.88	Upgrade
Other Operating Activities	-505.63	-515.86	-536.66	-377.63	-131.04	-146.51	Upgrade
Operating Cash Flow	-358.41	-331.24	-568.97	167.64	145.65	523.63	Upgrade
Operating Cash Flow Growth	-	-	-	15.10%	-72.18%	93.41%	Upgrade
Capital Expenditures	-2.77	-4.38	-10.49	-43.38	-26.58	-24.35	Upgrade
Purchase / Sale of Intangible Assets	-6.92	-6.92	-	-0.84	-0.47	-	Upgrade
Investment in Securities	57.1	-86.42	-58.55	-957.26	-557.52	-	Upgrade
Other Investing Activities	463.22	490.2	528.36	310.15	122.63	170.33	Upgrade
Investing Cash Flow	510.64	392.48	459.32	-62.45	-596.68	-87.55	Upgrade
Total Debt Repaid	-63.77	-63.77	-3.75	-85.41	-67.5	-63.04	Upgrade
Net Debt Issued (Repaid)	-63.77	-63.77	-3.75	-85.41	-67.5	-63.04	Upgrade
Financing Cash Flow	-63.77	-63.77	-3.75	-85.41	-67.5	-63.04	Upgrade
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-0	Upgrade
Net Cash Flow	88.46	-2.53	-113.4	19.78	-518.53	373.03	Upgrade
Free Cash Flow	-361.18	-335.62	-579.46	124.26	119.07	499.28	Upgrade
Free Cash Flow Growth	-	-	-	4.36%	-76.15%	99.45%	Upgrade
Free Cash Flow Margin	-15.37%	-13.48%	-20.78%	4.44%	4.73%	24.46%	Upgrade
Free Cash Flow Per Share	-5.45	-5.07	-8.75	1.88	1.80	7.54	Upgrade
Cash Income Tax Paid	-	-63.15	-	-	-	-4.09	Upgrade
Levered Free Cash Flow	-307.73	87.32	-271.24	680.33	-870.42	386.28	Upgrade
Unlevered Free Cash Flow	-276.42	118.63	-239.91	695.64	-855.56	399.97	Upgrade
Change in Working Capital	-161.11	-161.11	555.48	433.31	-54.31	382.19	Upgrade

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