Hiscox Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	595.4	627.2	712	253.9	189.5	-293.7
Depreciation & Amortization	16.5	19.1	33.5	24.5	22.7	26.1
Other Amortization	41.6	41.6	37	35.5	35.3	27.3
Gain (Loss) on Sale of Assets	-3.8	-0.5	-4	0.1	-6.5	-
Gain (Loss) on Sale of Investments	-124.9	-71.5	-170.6	254.2	57.9	-48
Stock-Based Compensation	38.6	49.1	43.2	27.2	24	10.3
Change in Other Net Operating Assets	-540.5	-588.3	-316.2	-175	-300.6	192.2
Other Operating Activities	36.4	37.7	-109.4	-47	-6	-31.5
Operating Cash Flow	59.3	114.4	232.1	373.4	16.6	-117.1
Operating Cash Flow Growth	-83.84%	-50.71%	-37.84%	2149.40%	-	-
Capital Expenditures	-4.3	-5.1	-1.1	-20.9	-5.4	-9
Sale of Property, Plant & Equipment	1.8	0.1	-	0.9	0.2	8.6
Purchase / Sale of Intangible Assets	-41.9	-34	-42.6	-61.9	-52.8	-52.3
Investment in Securities	0.5	0.5	9.5	-	-	-
Investing Cash Flow	-43.9	-38.5	-34.2	-81.9	-36.6	-52.7
Short-Term Debt Issued	-	-	-	-	-	470
Long-Term Debt Issued	-	-	-	279.1	-	-
Total Debt Issued	496.8	-	-	279.1	-	470
Total Debt Repaid	-372.6	-11.7	-14	-350.3	-207.1	-303.9
Net Debt Issued (Repaid)	124.2	-11.7	-14	-71.2	-207.1	166.1
Issuance of Common Stock	4.8	5.2	9.6	0.1	0.1	450.6
Repurchases of Common Stock	-111.2	-149.1	-	-	-	-23.9
Common Dividends Paid	-141	-127	-124.5	-119.8	-39.2	-
Financing Cash Flow	-123.2	-282.6	-128.9	-190.9	-246.2	592.8
Foreign Exchange Rate Adjustments	53	-3.3	17.1	-50.4	-10.3	38.3
Net Cash Flow	-54.8	-210	86.1	50.2	-276.5	461.3
Free Cash Flow	55	109.3	231	352.5	11.2	-126.1
Free Cash Flow Growth	-84.89%	-52.68%	-34.47%	3047.32%	-	-
Free Cash Flow Margin	1.40%	2.87%	6.24%	11.85%	0.37%	-4.20%
Free Cash Flow Per Share	0.16	0.31	0.65	1.01	0.03	-0.39
Cash Interest Paid	65.9	51.9	48.5	31.3	49.6	42.4
Cash Income Tax Paid	36.9	20.3	9.6	2.4	12.1	39.1
Levered Free Cash Flow	533.26	698.99	698.38	-5,342	771.75	235.76
Unlevered Free Cash Flow	568.83	732.18	729.63	-5,317	803.5	263.26
Change in Working Capital	-540.5	-588.3	-316.2	-175	-300.6	192.2

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