Just Group Cash Flow Statement

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

Millions GBP. 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	77	80	129	-362	-15	193.6
Depreciation & Amortization	3	4	3	4	4.3	4
Other Amortization	-	-	2	2	20.3	19.8
Gain (Loss) on Sale of Investments	-	-	-	3,063	-1,104	-1,040
Stock-Based Compensation	-3	1	1	-3	4.8	6.5
Change in Accounts Receivable	-	-	-	-	-3.8	-6.1
Reinsurance Recoverable	-904	-955	-363	-105	332	866.5
Change in Insurance Reserves / Liabilities	4,139	3,622	4,484	-3,439	696.2	2,134
Change in Other Net Operating Assets	-2,930	-2,122	-4,274	1,332	-81.7	-174.3
Other Operating Activities	247	207	142	-295	-195.3	-283.4
Operating Cash Flow	646	863	141	201	-612	947.6
Operating Cash Flow Growth	69.11%	512.06%	-29.85%	-	-	247.49%
Capital Expenditures	-2	-4	-3	-4	-0.7	-2.3
Sale of Property, Plant & Equipment	-	-	-	3	-	-
Purchase / Sale of Intangible Assets	-	-	-	-4	-6.6	-0.1
Cash Acquisitions	-	-	-	-197	-70.6	-
Other Investing Activities	4	4	1	-	-	-
Investing Cash Flow	2	-	-2	-202	-77.9	-2.4
Long-Term Debt Issued	-	398	-	-	-	110.6
Total Debt Issued	398	398	-	-	-	110.6
Total Debt Repaid	-413	-258	-27	-79	-3.6	-4.1
Net Debt Issued (Repaid)	-15	140	-27	-79	-3.6	106.5
Issuance of Common Stock	-	-	-	-	324.6	0.3
Repurchases of Common Stock	-	-	-	-	-350.6	-
Common Dividends Paid	-42	-39	-35	-32	-25.2	-28.2
Other Financing Activities	-55	-49	-48	-57	-59.4	-50
Financing Cash Flow	-112	52	-110	-168	-114.2	28.6
Foreign Exchange Rate Adjustments	-3	-2	2	4	-	-
Net Cash Flow	533	913	31	-165	-804.1	973.8
Free Cash Flow	644	859	138	197	-612.7	945.3
Free Cash Flow Growth	72.19%	522.46%	-29.95%	-	-	248.43%
Free Cash Flow Margin	28.23%	40.39%	7.47%	13.33%	-24.14%	20.35%
Free Cash Flow Per Share	0.61	0.82	0.13	0.19	-0.59	0.91
Cash Interest Paid	55	48	48	57	135.5	157.7
Cash Income Tax Paid	1	1	-6	-16	12.7	60.6
Levered Free Cash Flow	-4,793	-4,486	-5,543	620.28	872.81	-439.86
Unlevered Free Cash Flow	-4,624	-4,339	-5,467	1,035	958.31	-340.49
Change in Working Capital	305	545	-153	-2,212	672.4	2,045

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