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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,120	3,370	3,741	3,758	2,747	2,054
Depreciation & Amortization	600.07	621.98	661.57	543.61	535.09	435.56
Other Amortization	161.43	161.43	-	-	-	-
Gain (Loss) on Sale of Assets	0.24	-0.64	-1.76	-0.19	-0.25	-0.39
Gain (Loss) on Sale of Investments	-3,131	-4,116	-3,736	-2,285	-284.54	-690.17
Stock-Based Compensation	28.27	21.98	16.23	15.42	9.64	6.29
Change in Accounts Receivable	117.87	34.05	-15.2	-173	-345.47	-45.02
Reinsurance Recoverable	-85.32	-107.29	28.71	109.43	412.46	-477.44
Change in Insurance Reserves / Liabilities	15,297	15,375	13,430	9,585	6,343	6,891
Change in Other Net Operating Assets	366.56	-176.77	-313.46	-754.51	-838.65	336.81
Other Operating Activities	-8.42	110.5	-37.93	192.89	326.59	402.98
Operating Cash Flow	16,176	15,108	13,662	10,412	8,269	9,256
Operating Cash Flow Growth	23.78%	10.59%	31.20%	25.93%	-10.66%	12.01%
Capital Expenditures	-375.6	-338.55	-131.8	-66.93	-126.9	-178.73
Sale of Property, Plant & Equipment	2.61	3.77	3.05	0.21	0.27	0.44
Purchase / Sale of Intangible Assets	-190.54	-5,141	-54.56	-111.7	-73.57	-923.69
Investment in Securities	-12,521	-6,449	-7,408	-10,123	-6,608	-7,274
Investing Cash Flow	-13,085	-11,925	-7,592	-10,301	-6,808	-8,376
Total Debt Repaid	-177.12	-218.26	-150.69	-118.03	-161.05	-133.94
Net Debt Issued (Repaid)	-177.12	-218.26	-150.69	-118.03	-161.05	-133.94
Common Dividends Paid	-2,959	-2,946	-5,156	-	-1,296	-825
Financing Cash Flow	-3,137	-3,164	-5,307	-118.03	-1,457	-958.94
Net Cash Flow	-44.97	19.19	762.96	-6.94	3.44	-79.05
Free Cash Flow	15,801	14,770	13,530	10,345	8,142	9,077
Free Cash Flow Growth	22.31%	9.16%	30.78%	27.07%	-10.30%	10.53%
Free Cash Flow Margin	39.37%	37.10%	38.86%	34.53%	34.92%	43.95%
Free Cash Flow Per Share	26.76	25.06	22.96	17.56	13.82	15.40
Cash Interest Paid	58.45	58.26	53.84	65.19	-	-
Cash Income Tax Paid	1,753	1,707	1,524	1,307	710.16	237.31
Levered Free Cash Flow	404.56	-3,543	1,220	-847.63	6,609	51.7
Unlevered Free Cash Flow	440.89	-3,507	1,254	-823.28	6,630	51.7
Change in Working Capital	15,523	15,141	13,352	8,495	5,169	7,211

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