FRA:I69 Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	87.66	64.46	46.7	76.07	56.22
Depreciation & Amortization	9.31	8.18	8.11	8.94	8.8
Other Amortization	3.52	3.53	1.5	1.46	1.39
Gain (Loss) on Sale of Assets	0.28	-0.97	-1.84	-0.33	-0.11
Change in Accounts Receivable	-	-	-	6.74	4.67
Reinsurance Recoverable	-	-	-	-3.5	0.39
Change in Unearned Revenue	-	-	-	-2.79	3.34
Change in Income Taxes	-	-	-	-14.58	-
Change in Deferred Taxes	-	-	-	-0.56	-
Change in Insurance Reserves / Liabilities	-	-	-	101.13	23.14
Change in Other Net Operating Assets	197.26	103.37	-40.52	25.01	3.89
Other Operating Activities	-141.2	-78.11	50.54	-79.1	-38.11
Operating Cash Flow	154.48	98.34	62.65	120.99	62.52
Operating Cash Flow Growth	57.08%	56.96%	-48.22%	93.54%	-
Capital Expenditures	-7.24	-4.89	-14.85	-11.22	-5.86
Sale of Property, Plant & Equipment	0.55	4.15	5.38	1.55	0.33
Purchase / Sale of Intangible Assets	-5.19	-4.68	-5.49	-5.42	-6.74
Cash Acquisitions	-0.17	-1.99	-	-5.03	-83.49
Investment in Securities	-178.6	-125.06	-32.29	-101.65	-1.31
Other Investing Activities	24.51	21.5	23.16	24.75	17.33
Investing Cash Flow	-166.14	-113.47	-31.79	-97.02	-79.75
Long-Term Debt Issued	51.44	2.37	2.2	1.87	-
Total Debt Issued	51.44	2.37	2.2	1.87	-
Total Debt Repaid	-7.45	-2.19	-2.21	-4.52	-2.69
Net Debt Issued (Repaid)	43.98	0.18	-0.01	-2.65	-2.69
Issuance of Common Stock	-	-	0.01	-	-
Common Dividends Paid	-27.17	-24.8	-23.25	-13.17	-
Other Financing Activities	-3.36	-2.92	-3.03	-2.96	-3.33
Financing Cash Flow	13.45	-27.54	-26.28	-18.79	-6.02
Miscellaneous Cash Flow Adjustments	-	-	-	-	12.9
Net Cash Flow	1.79	-42.66	4.58	5.19	-10.35
Free Cash Flow	147.24	93.46	47.8	109.77	56.66
Free Cash Flow Growth	57.55%	95.52%	-56.45%	93.75%	-
Free Cash Flow Margin	17.37%	12.75%	7.62%	13.21%	8.28%
Free Cash Flow Per Share	9.50	6.03	3.08	7.08	3.66
Cash Interest Paid	3.2	3.05	2.92	2.89	3.15
Cash Income Tax Paid	33.46	12.76	17.14	14.58	9.4
Levered Free Cash Flow	-60.8	-73.33	-1,165	86.46	84.05
Unlevered Free Cash Flow	-58.32	-71.38	-1,163	88.41	86.02
Change in Working Capital	197.26	103.37	-40.52	114.72	32.94

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