HNB Assurance Cash Flow Statement

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

Millions LKR. 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	2,385	1,897	1,765	1,831	1,224
Depreciation & Amortization	433.68	387.01	293.4	222.9	192.55
Other Amortization	53.03	31.34	20.84	19.77	22.58
Gain (Loss) on Sale of Assets	-0.29	-18.6	-3.61	-1.99	-0.4
Gain (Loss) on Sale of Investments	-750.15	-246.18	-110.01	67.24	-107.43
Change in Accounts Receivable	-863.79	-413.73	-4.74	-605.67	-136.4
Reinsurance Recoverable	-2,210	60.65	-284.84	27.89	-300.43
Change in Insurance Reserves / Liabilities	12,897	7,533	6,896	4,725	3,713
Change in Other Net Operating Assets	2,398	708.62	172.57	390.25	289.52
Other Operating Activities	-8,015	-7,293	-6,826	-4,602	-2,142
Operating Cash Flow	7,197	3,124	1,611	1,941	3,141
Operating Cash Flow Growth	130.35%	93.92%	-17.01%	-38.20%	33.15%
Capital Expenditures	-231.98	-250.38	-400.56	-218.65	-177.28
Sale of Property, Plant & Equipment	1.08	24.9	6.76	2.5	2.17
Purchase / Sale of Intangible Assets	-370.03	-131.67	-23.64	-17.71	-16.9
Investment in Securities	-200,453	-102,765	-66,023	-11,475	-1,527
Other Investing Activities	7,960	7,275	5,158	4,037	2,445
Investing Cash Flow	-6,155	-2,076	-1,043	-2,532	-1,176
Total Debt Repaid	-189.41	-132.02	-137.06	-162.65	-130.84
Net Debt Issued (Repaid)	-189.41	-132.02	-137.06	-162.65	-130.84
Common Dividends Paid	-585	-585	-547.5	-480	-420
Financing Cash Flow	-774.41	-717.02	-684.56	-642.65	-550.84
Net Cash Flow	267.42	331.7	-116.03	-1,233	1,414
Free Cash Flow	6,965	2,874	1,211	1,723	2,964
Free Cash Flow Growth	142.34%	137.40%	-29.73%	-41.89%	29.90%
Free Cash Flow Margin	20.73%	10.80%	5.18%	9.64%	21.71%
Free Cash Flow Per Share	46.43	19.16	8.07	11.48	19.76
Cash Interest Paid	92.34	103.89	57.99	-	-
Cash Income Tax Paid	831.59	677.43	481.08	308.35	169.37
Levered Free Cash Flow	2,345	339.61	2,648	6,039	-652.44
Unlevered Free Cash Flow	2,488	521.08	2,763	6,123	-587.23
Change in Working Capital	13,091	8,367	6,472	4,405	3,957

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