Union Insurance Cash Flow Statement

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

Millions BDT. 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	251.14	243.45	224.11	165.67	193.07	66.96
Depreciation & Amortization	12.12	12.12	15.87	26.31	36.71	38.37
Gain (Loss) on Sale of Assets	4.7	4.7	-	-2.74	-0.3	-0.62
Gain (Loss) on Sale of Investments	-14.14	-14.14	2.69	-10.55	-3.85	-0.77
Change in Accounts Receivable	-101.26	-101.26	-35.98	-48.23	-5.26	-8.43
Change in Unearned Revenue	5.17	5.17	5.93	5.01	-0.26	0.15
Change in Income Taxes	-7.43	-7.43	-18.19	-11.24	-	-
Change in Insurance Reserves / Liabilities	-19.68	-19.68	-1.05	25.32	44.41	4.5
Change in Other Net Operating Assets	56.27	56.27	-32.6	-4.19	34.9	60.27
Other Operating Activities	-90.04	-142.37	-124.37	-81.19	-199.95	-7.15
Operating Cash Flow	96.86	36.85	36.17	64.4	99.87	152.61
Operating Cash Flow Growth	188.30%	1.88%	-43.83%	-35.52%	-34.56%	325.99%
Capital Expenditures	-11.7	-0.13	-30.54	-81.03	-99.96	-44.29
Sale of Property, Plant & Equipment	-	-	-	4.7	0.41	0.66
Investment in Securities	-41.84	-9.19	-25.81	-142.62	2.8	-2.07
Other Investing Activities	-	-	-	-4.52	-	-31
Investing Cash Flow	-54.25	-12.18	-59.21	-228.09	-96.75	-76.7
Total Debt Repaid	-	-19.91	-	-	-	-39.24
Net Debt Issued (Repaid)	-	-19.91	-	-	-	-39.24
Issuance of Common Stock	-	-	-	-	193.61	-
Common Dividends Paid	-74.15	-49.99	-24.12	-14.16	-0.1	-9.91
Financing Cash Flow	-74.15	-69.9	-24.12	-14.16	193.51	-49.16
Miscellaneous Cash Flow Adjustments	-	-	-0	-	-	0
Net Cash Flow	-31.55	-45.24	-47.16	-177.86	196.63	26.75
Free Cash Flow	85.16	36.72	5.63	-16.64	-0.09	108.32
Free Cash Flow Growth	119.52%	552.24%	-	-	-	595.35%
Free Cash Flow Margin	10.81%	5.51%	0.89%	-2.71%	-0.01%	18.58%
Free Cash Flow Per Share	1.76	0.76	0.12	-0.34	-0.00	3.73
Cash Income Tax Paid	7.43	7.43	18.19	11.24	9.15	12.56
Levered Free Cash Flow	-	36.4	5.69	-105.39	-8.54	-14.16
Unlevered Free Cash Flow	-	36.53	5.95	-105.02	-5.91	-12.25
Change in Working Capital	-66.92	-66.92	-82.13	-33.11	74.19	55.82

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