FRA:PGV Cash Flow Statement

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

Millions USD. 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	11,308	8,480	3,903	722	3,351
Depreciation & Amortization	313	284	285	306	337.4
Stock-Based Compensation	132	122	121	123	100.7
Other Adjustments	-835	-281	-276	2,111	-1,383
Changes in Receivables	-993	-2,411	-1,541	-1,017	-1,147
Changes in Reinsurance Contract Assets	834	230	784	-690	-583.6
Changes in Deferred Acquisition Costs	-83	-274	-143	-189	-118.4
Changes in Accounts Payable	1,556	1,236	700	199	399.7
Changes in Unearned Premiums	1,361	3,724	2,840	1,678	2,111
Changes in Claims Reserves	4,253	4,668	4,030	4,195	4,753
Changes in Income Taxes Payable	-200	-358	181	-515	-86
Changes in Other Operating Activities	-98	-241	-301	-74	26.1
Operating Cash Flow	17,548	15,119	10,643	6,849	7,762
Operating Cash Flow Growth	16.07%	42.06%	55.40%	-11.76%	12.40%
Capital Expenditures	-348	-285	-252	-292	-243.5
Sale of Property, Plant & Equipment	80	77	47	35	66.2
Purchases of Investments	-49,812	-47,946	-25,863	-26,668	-34,016
Proceeds from Sale of Investments	44,760	33,017	14,081	21,015	26,983
Payments for Business Acquisitions	-	-	-	-	-313.2
Other Investing Activities	-9,207	1,388	1,145	-2,046	4,404
Investing Cash Flow	-14,527	-13,749	-10,842	-7,956	-3,120
Long-Term Debt Issued	0	0	496	1,486	0
Long-Term Debt Repaid	-	-	-	-	-520
Net Long-Term Debt Issued (Repaid)	-	-	496	1,486	-520
Repurchase of Common Stock	-166	-134	-141	-99	-223
Net Common Stock Issued (Repurchased)	-166	-134	-141	-99	-223
Repurchase of Preferred Stock	0	-500	0	0	-
Net Preferred Stock Issued (Repurchased)	-	-500	-	-	-
Common Dividends Paid	-2,871	-674	-234	-234	-3,747
Preferred Share Dividends Paid	0	-8	-43	-27	-26.8
Financing Cash Flow	-3,037	-1,316	78	1,126	-4,516
Net Cash Flow	-16	54	-121	19	125.6
Free Cash Flow	17,200	14,834	10,391	6,557	7,518
Free Cash Flow Growth	15.95%	42.76%	58.47%	-12.78%	12.51%
FCF Margin	19.62%	19.68%	16.73%	13.22%	15.76%
Free Cash Flow Per Share	29.25	25.24	17.69	11.17	12.77
Levered Free Cash Flow	14,643	12,779	8,455	2,604	4,647
Unlevered Free Cash Flow	14,864	13,017	8,210	1,336	5,368

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.