FRA:RGPB 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	1,182	717	902	517	1,170
Depreciation & Amortization	43	46	41	38	43
Other Amortization	481	391	348	337	287
Gain (Loss) on Sale of Assets	-	-	-	-2	-11
Gain (Loss) on Sale of Investments	-26	531	354	468	-621
Change in Accounts Receivable	-422	-397	-537	-249	-117
Reinsurance Recoverable	67	231	-209	61	131
Change in Income Taxes	351	-61	211	-	-
Change in Deferred Taxes	-	-	-	67	53
Change in Insurance Reserves / Liabilities	4,355	8,735	4,070	1,094	4,229
Change in Other Net Operating Assets	-739	2	18	81	-71
Other Operating Activities	-567	-407	-483	-427	-332
Operating Cash Flow	4,091	9,370	4,044	1,343	4,182
Operating Cash Flow Growth	-56.34%	131.70%	201.12%	-67.89%	25.89%
Cash Acquisitions	-	-	-	-	-156
Investment in Securities	-9,512	-11,539	-3,525	-5,285	-4,266
Other Investing Activities	-337	260	303	-59	-61
Investing Cash Flow	-12,094	-12,545	-4,066	-5,688	-4,628
Long-Term Debt Issued	691	640	890	690	494
Total Debt Repaid	-29	-28	-428	-584	-611
Net Debt Issued (Repaid)	662	612	462	106	-117
Issuance of Common Stock	4	-	-	-	-
Repurchases of Common Stock	-174	-27	-227	-81	-99
Common Dividends Paid	-240	-229	-219	-205	-194
Other Financing Activities	911	187	603	320	31
Financing Cash Flow	8,798	3,661	78	4,436	20
Foreign Exchange Rate Adjustments	47	-130	-13	-112	-34
Net Cash Flow	842	356	43	-21	-460
Free Cash Flow	4,091	9,370	4,044	1,343	4,182
Free Cash Flow Growth	-56.34%	131.70%	201.12%	-67.89%	26.96%
Free Cash Flow Margin	17.26%	42.38%	21.78%	8.28%	25.09%
Free Cash Flow Per Share	61.24	140.06	60.27	19.84	61.23
Cash Interest Paid	255	213	217	163	160
Cash Income Tax Paid	252	78	298	129	368
Levered Free Cash Flow	1,801	1,749	1,926	-2,917	162.63
Unlevered Free Cash Flow	2,029	1,939	2,087	-2,798	249.5
Change in Working Capital	3,171	8,188	3,063	743	4,065

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