FRA:RR5 Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2019
Period Ending	Sep '25 Sep 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	2018 - 2019
Net Income	140.54	164.71	165.36	110.66	119.98	43.37	Upgrade
Depreciation & Amortization	7.06	7.06	6.87	6.83	10	9.82	Upgrade
Gain (Loss) on Sale of Assets	-0.73	-0.73	-0.99	-0.21	-0.26	-0.43	Upgrade
Gain (Loss) on Sale of Investments	-22.76	-22.76	-28.71	33.36	-27.3	2.82	Upgrade
Stock-Based Compensation	1.83	1.83	0.88	-	-	-	Upgrade
Change in Accounts Receivable	99.68	47.68	-39.64	-18.56	11.04	-14.98	Upgrade
Change in Other Net Operating Assets	-49.73	-10.34	-252.21	38.95	39.2	2.58	Upgrade
Other Operating Activities	-101.92	-64.38	34.41	13.84	10.39	106.87	Upgrade
Operating Cash Flow	73.97	123.08	-114.04	184.86	163.06	150.06	Upgrade
Operating Cash Flow Growth	-	-	-	13.37%	8.66%	-10.87%	Upgrade
Sale of Property, Plant & Equipment	0.73	0.73	0.99	0.21	0.26	0.83	Upgrade
Purchase / Sale of Intangible Assets	-10	-10	-9.18	-	-	-11.93	Upgrade
Investment in Securities	-55.19	-	-	-174.18	173.02	-94.19	Upgrade
Investing Cash Flow	-9.71	-9.28	-8.2	-173.96	173.28	-105.3	Upgrade
Issuance of Common Stock	-	-	-	-	-	50	Upgrade
Repurchases of Common Stock	-59.14	-38.58	-62.31	-26.81	-	-	Upgrade
Common Dividends Paid	-172.93	-82.84	-54.96	-	-	-	Upgrade
Other Financing Activities	111.97	-0.22	-	0.06	-59	-62	Upgrade
Financing Cash Flow	-120.09	-121.64	-117.27	-26.76	-59	-12	Upgrade
Foreign Exchange Rate Adjustments	-1.35	-1.73	-10.95	6.58	7.6	-9.86	Upgrade
Net Cash Flow	-57.19	-9.56	-250.45	-9.28	284.93	22.9	Upgrade
Free Cash Flow	73.97	123.08	-114.04	184.86	163.06	150.06	Upgrade
Free Cash Flow Growth	-	-	-	13.37%	8.66%	-10.66%	Upgrade
Free Cash Flow Margin	6.47%	10.03%	-9.61%	16.89%	15.85%	16.16%	Upgrade
Free Cash Flow Per Share	4.11	6.72	-5.98	9.26	8.15	7.50	Upgrade
Cash Interest Paid	0.75	0.75	0.11	0.34	0.29	0.13	Upgrade
Cash Income Tax Paid	67.94	47.22	34.92	30.52	13.89	20.22	Upgrade
Levered Free Cash Flow	122.63	45.62	87.46	152.6	194.09	83.17	Upgrade
Unlevered Free Cash Flow	123.1	46.09	87.61	152.81	194.27	83.25	Upgrade
Change in Working Capital	49.95	37.34	-291.86	20.4	50.23	-12.4	Upgrade

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