ageas Cash Flow Statement

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

Millions EUR. 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	1,712	1,118	953	1,097	845
Depreciation & Amortization	366	316	31	377	393
Other Amortization	23	20	15	12	440
Gain (Loss) on Sale of Assets	-	-	-	-	-120
Gain (Loss) on Sale of Investments	-18	14	26	61	-145
Stock-Based Compensation	6	5	-2	3	7
Change in Accounts Receivable	1,524	-84	-943	-	-
Reinsurance Recoverable	-375	-279	-169	-176	-57
Change in Income Taxes	-199	-189	-226	-160	-
Change in Insurance Reserves / Liabilities	-17	-252	-415	605	322
Change in Other Net Operating Assets	51	-155	20	-1,329	-2,726
Other Operating Activities	803	1,077	1,234	1,030	216
Operating Cash Flow	2,898	1,045	121	1,019	-1,065
Operating Cash Flow Growth	177.32%	763.64%	-88.13%	-	-
Capital Expenditures	-187	-243	-146	-82	-50
Sale of Property, Plant & Equipment	71	3	21	21	24
Purchase / Sale of Intangible Assets	-134	-158	-90	-66	-97
Cash Acquisitions	-1,579	-64	-91	-493	-233
Investment in Securities	-1,540	903	958	-271	1,796
Other Investing Activities	166	-501	538	-15	23
Investing Cash Flow	-2,686	93	1,353	-617	1,439
Long-Term Debt Issued	1,430	175	34	34	-
Total Debt Repaid	-271	-240	-117	-167	-
Net Debt Issued (Repaid)	1,159	-65	-83	-133	-
Issuance of Common Stock	544	-	-	-	-
Repurchases of Common Stock	-125	-75	-	-93	-59
Common Dividends Paid	-657	-584	-540	-765	-485
Other Financing Activities	-58	-228	-242	-268	-140
Financing Cash Flow	863	-952	-865	-1,259	-684
Foreign Exchange Rate Adjustments	-49	15	1	-20	6
Net Cash Flow	1,026	201	610	-877	-304
Free Cash Flow	2,711	802	-25	937	-1,115
Free Cash Flow Growth	238.03%	-	-	-	-
Free Cash Flow Margin	28.75%	9.42%	-0.33%	13.40%	-8.28%
Free Cash Flow Per Share	14.40	4.37	-0.14	5.08	-5.97
Cash Interest Paid	285	294	242	174	142
Cash Income Tax Paid	199	189	226	160	263
Levered Free Cash Flow	-1,145	-560.63	-1,399	-27,056	1,606
Unlevered Free Cash Flow	-995.38	-410	-1,255	-26,972	1,681
Change in Working Capital	984	-959	-1,733	-1,060	-2,461

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