The Hanover Insurance Group, Inc. (FRA:AF4)

FRA:AF4 Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	426	35.3	116	422.8
Depreciation & Amortization	1.5	6.3	12.9	16.9
Other Amortization	6.8	7.9	5.5	3.4
Gain (Loss) on Sale of Investments	76.2	32.3	106.4	-123.5
Stock-Based Compensation	31	31.1	29	22.9
Change in Accounts Receivable	-121.7	-110.3	-116.7	-123.4
Reinsurance Recoverable	61.6	-91.6	-57.2	-32.9
Change in Insurance Reserves / Liabilities	331.7	442	784.7	671.8
Change in Other Net Operating Assets	-8.7	48	3.3	179
Other Operating Activities	44	-23.3	-108.8	-138.8
Operating Cash Flow	805.8	361.7	722.3	823.7
Operating Cash Flow Growth	122.78%	-49.92%	-12.31%	16.41%
Capital Expenditures	-10.2	-11.9	-17.8	-8
Investment in Securities	-530.7	-216.6	-489.8	-452.2
Investing Cash Flow	-540.9	-228.5	-507.6	-460.2
Issuance of Common Stock	16.7	6.5	13.3	20.5
Repurchases of Common Stock	-26.7	-	-30.8	-162.6
Common Dividends Paid	-124.1	-117.2	-108.9	-102.2
Total Dividends Paid	-124.1	-117.2	-108.9	-102.2
Other Financing Activities	-11.4	-11.4	-14.2	-8.9
Financing Cash Flow	-145.5	-122.1	-140.6	-253.2
Net Cash Flow	119.4	11.1	74.1	110.3
Free Cash Flow	795.6	349.8	704.5	815.7
Free Cash Flow Growth	127.44%	-50.35%	-13.63%	17.76%
Free Cash Flow Margin	12.75%	5.84%	12.88%	15.60%
Free Cash Flow Per Share	21.86	9.69	19.52	22.41
Cash Interest Paid	33.2	33.2	33.3	33.4
Cash Income Tax Paid	149	-22.1	107.8	74
Levered Free Cash Flow	605.73	341.89	560.8	1,106
Unlevered Free Cash Flow	627.04	363.2	582.11	1,127
Change in Working Capital	220.9	272.1	561.3	620

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