QBE Insurance Group 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	1,999	1,779	1,355	587	750	-1,517
Depreciation & Amortization	95	105	103	107	115	132
Other Amortization	81	81	65	64	51	50
Gain (Loss) on Sale of Assets	-2	-2	-2	-38	-	2
Gain (Loss) on Sale of Investments	-412	-412	-631	1,295	409	206
Stock-Based Compensation	59	59	42	39	32	20
Change in Accounts Receivable	-	-	-	-	-1,920	-433
Reinsurance Recoverable	-1,548	-1,548	-818	29	-	-
Change in Accounts Payable	-	-	-	-	1,755	378
Change in Unearned Revenue	-	-	-	-	1,422	635
Change in Deferred Taxes	155	155	335	7	68	-74
Change in Insurance Reserves / Liabilities	2,361	2,361	1,087	620	753	1,760
Change in Other Net Operating Assets	-41	-41	-78	117	-227	-141
Other Operating Activities	366	32	18	-12	11	35
Operating Cash Flow	3,119	2,575	1,503	2,833	2,754	1,234
Operating Cash Flow Growth	-14.03%	71.32%	-46.95%	2.87%	123.18%	-30.64%
Capital Expenditures	-25	-27	-23	-33	-29	-40
Purchase / Sale of Intangible Assets	-116	-125	-145	-132	-91	-71
Investment in Securities	-1,213	-1,218	-246	-2,017	-2,635	-2,345
Other Investing Activities	-72	-109	-23	-186	-20	277
Investing Cash Flow	-1,423	-1,476	-428	-2,007	-2,771	-2,162
Long-Term Debt Issued	-	687	405	-	550	358
Total Debt Repaid	-757	-757	-461	-474	-287	-201
Net Debt Issued (Repaid)	813	-70	-56	-474	263	157
Issuance of Common Stock	-	-	-	-	-	1,301
Repurchases of Common Stock	-999	-1	-1	-1	-	-
Common Dividends Paid	-851	-760	-485	-347	-162	-265
Other Financing Activities	86	86	44	32	-	-
Financing Cash Flow	-951	-745	-498	-790	101	1,193
Foreign Exchange Rate Adjustments	-73	-82	-44	-22	-31	-46
Miscellaneous Cash Flow Adjustments	7	-	-	-	-	-
Net Cash Flow	679	272	533	14	53	219
Free Cash Flow	3,094	2,548	1,480	2,800	2,725	1,194
Free Cash Flow Growth	-14.22%	72.16%	-47.14%	2.75%	128.22%	-31.73%
Free Cash Flow Margin	13.35%	11.22%	6.83%	14.55%	20.14%	10.01%
Free Cash Flow Per Share	2.03	1.68	0.99	1.88	1.84	0.84
Cash Interest Paid	225	232	240	246	238	257
Cash Income Tax Paid	355	341	138	74	88	113
Levered Free Cash Flow	703.5	-368.75	-830.88	-18,206	538.63	-1,459
Unlevered Free Cash Flow	806	-267.5	-725.25	-18,103	649.25	-1,342
Change in Working Capital	927	927	526	773	1,377	1,863

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