FRA:RR5 Cash Flow Statement

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

Millions SEK. 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	149.04	164.71	165.36	110.66	119.98
Depreciation & Amortization	-	7.06	6.87	6.83	10
Gain (Loss) on Sale of Assets	-	-0.73	-0.99	-0.21	-0.26
Gain (Loss) on Sale of Investments	-	-22.76	-28.71	33.36	-27.3
Stock-Based Compensation	-	1.83	0.88	-	-
Change in Accounts Receivable	89.42	47.68	-39.64	-18.56	11.04
Change in Other Net Operating Assets	-17.81	-10.34	-252.21	38.95	39.2
Other Operating Activities	-150.55	-64.38	34.41	13.84	10.39
Operating Cash Flow	70.11	123.08	-114.04	184.86	163.06
Operating Cash Flow Growth	-43.04%	-	-	13.37%	8.66%
Sale of Property, Plant & Equipment	-	0.73	0.99	0.21	0.26
Purchase / Sale of Intangible Assets	-	-10	-9.18	-	-
Investment in Securities	-41.8	-	-	-174.18	173.02
Other Investing Activities	31.82	-	-	-	-
Investing Cash Flow	-9.98	-9.28	-8.2	-173.96	173.28
Repurchases of Common Stock	-31.85	-38.58	-62.31	-26.81	-
Common Dividends Paid	-90.09	-82.84	-54.96	-	-
Other Financing Activities	-0.7	-0.22	-	0.06	-59
Financing Cash Flow	-122.64	-121.64	-117.27	-26.76	-59
Foreign Exchange Rate Adjustments	-5.6	-1.73	-10.95	6.58	7.6
Net Cash Flow	-68.11	-9.56	-250.45	-9.28	284.93
Free Cash Flow	70.11	123.08	-114.04	184.86	163.06
Free Cash Flow Growth	-43.04%	-	-	13.37%	8.66%
Free Cash Flow Margin	6.13%	10.03%	-9.61%	16.89%	15.85%
Free Cash Flow Per Share	3.91	6.72	-5.98	9.26	8.15
Cash Interest Paid	-	0.75	0.11	0.34	0.29
Cash Income Tax Paid	65.8	47.22	34.92	30.52	13.89
Levered Free Cash Flow	-239.47	45.62	87.46	152.6	194.09
Unlevered Free Cash Flow	-239.47	46.09	87.61	152.81	194.27
Change in Working Capital	71.61	37.34	-291.86	20.4	50.23

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