Union Assurance 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
Period Ending	Sep '25 Sep 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
Net Income	3,213	3,741	3,758	2,747	2,054	920.6
Depreciation & Amortization	641.83	525.08	543.61	535.09	435.56	390.27
Other Amortization	136.49	136.49	-	-	-	-
Gain (Loss) on Sale of Assets	-0.96	-1.76	-0.19	-0.25	-0.39	-0.65
Gain (Loss) on Sale of Investments	-5,533	-3,736	-2,285	-284.54	-690.17	41.69
Stock-Based Compensation	15.18	16.23	15.42	9.64	6.29	7.76
Change in Accounts Receivable	-197.47	-15.2	-173	-345.47	-45.02	-142.98
Reinsurance Recoverable	33.31	28.71	109.43	412.46	-477.44	10.96
Change in Insurance Reserves / Liabilities	16,515	13,430	9,585	6,343	6,891	6,208
Change in Other Net Operating Assets	-31.99	-313.46	-754.51	-838.65	336.81	302.72
Other Operating Activities	382.35	-37.93	192.89	326.59	402.98	913.84
Operating Cash Flow	15,158	13,662	10,412	8,269	9,256	8,264
Operating Cash Flow Growth	19.90%	31.20%	25.93%	-10.66%	12.01%	23.87%
Capital Expenditures	-280.08	-131.8	-66.93	-126.9	-178.73	-51.59
Sale of Property, Plant & Equipment	4.08	3.05	0.21	0.27	0.44	0.82
Purchase / Sale of Intangible Assets	-5,120	-54.56	-111.7	-73.57	-923.69	-120.13
Investment in Securities	-6,428	-7,408	-10,123	-6,608	-7,274	-6,482
Investing Cash Flow	-11,824	-7,592	-10,301	-6,808	-8,376	-6,653
Short-Term Debt Issued	-	-	-	-	-	2,030
Total Debt Issued	-	-	-	-	-	2,030
Total Debt Repaid	-217.65	-150.69	-118.03	-161.05	-133.94	-2,127
Net Debt Issued (Repaid)	-217.65	-150.69	-118.03	-161.05	-133.94	-97.19
Common Dividends Paid	-2,947	-5,156	-	-1,296	-825	-1,179
Financing Cash Flow	-3,165	-5,307	-118.03	-1,457	-958.94	-1,276
Net Cash Flow	168.9	762.96	-6.94	3.44	-79.05	334.93
Free Cash Flow	14,878	13,530	10,345	8,142	9,077	8,212
Free Cash Flow Growth	19.00%	30.78%	27.07%	-10.30%	10.53%	24.93%
Free Cash Flow Margin	37.21%	38.86%	34.53%	34.92%	43.95%	47.01%
Free Cash Flow Per Share	25.32	22.96	17.56	13.82	15.40	13.94
Cash Interest Paid	60.47	53.84	65.19	-	-	-
Cash Income Tax Paid	1,363	1,524	1,307	710.16	237.31	-
Levered Free Cash Flow	-7,856	1,219	-847.63	6,609	51.7	-85.68
Unlevered Free Cash Flow	-7,823	1,253	-823.28	6,630	51.7	-85.68
Change in Working Capital	16,570	13,352	8,495	5,169	7,211	6,098

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.