FRA:WNI 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	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
Net Income	140.2	230.4	509.2	792.8	-275.4	708.7
Depreciation & Amortization	3.7	-6.4	-17.8	4.3	21.6	9.6
Gain (Loss) on Sale of Assets	-	114.5	-	-	-	-
Gain (Loss) on Sale of Investments	-30.4	-185.4	-434.2	191.5	246.1	-716.8
Stock-Based Compensation	18.1	16.3	15.3	14	14.7	16.6
Change in Accounts Receivable	-146.9	-204.7	-67	-127.8	-179.3	-
Reinsurance Recoverable	-176.8	-147	153.3	-79.8	88	-
Change in Unearned Revenue	276.2	174.4	147.9	159.3	198.6	39.1
Change in Insurance Reserves / Liabilities	362.3	543	308.6	401.8	198.7	-
Change in Other Net Operating Assets	-170.6	-105.7	-92.5	118.5	-168.3	-83.5
Other Operating Activities	201.9	116.1	73.5	-953.4	-2.4	-75.8
Operating Cash Flow	560.7	586.8	404.1	326.3	38.6	-96.1
Operating Cash Flow Growth	2.47%	45.21%	23.84%	745.34%	-	-
Cash Acquisitions	-342.2	-231.8	-	-67.9	10.6	-9.1
Investment in Securities	-332.5	-236.3	-627.8	-1,141	-812.5	840.8
Other Investing Activities	37.8	9.1	66.6	-74.4	593.6	-642.2
Investing Cash Flow	-615.1	-447	-543.9	108.4	-208.3	189.5
Long-Term Debt Issued	-	36.6	12.4	213.8	401.7	32.2
Total Debt Repaid	-7	-38.1	-25.7	-56.7	-120.1	-1.9
Net Debt Issued (Repaid)	226.5	-1.5	-13.3	157.1	281.6	30.3
Repurchases of Common Stock	-9.7	-7.9	-32.7	-615.8	-107.5	-85.2
Common Dividends Paid	-2.6	-2.5	-2.6	-3	-3.1	-3.2
Other Financing Activities	-31.6	16.1	55.8	134.3	46.6	-21.7
Financing Cash Flow	182.6	4.2	7.2	-327.4	217.6	-79.8
Miscellaneous Cash Flow Adjustments	-	-	-	-	15.2	-
Net Cash Flow	128.2	144	-132.6	107.3	63.1	13.6
Free Cash Flow	560.7	586.8	404.1	326.3	38.6	-96.1
Free Cash Flow Growth	2.47%	45.21%	23.84%	745.34%	-	-
Free Cash Flow Margin	22.53%	24.93%	18.65%	28.18%	6.28%	-10.73%
Free Cash Flow Per Share	220.80	231.74	159.89	115.45	12.69	-31.19
Cash Interest Paid	63.8	61	42.2	30.5	13.9	6.1
Cash Income Tax Paid	36.4	34.3	42.7	10.3	-0.1	15.9
Levered Free Cash Flow	37.08	1,247	-39.59	-144.86	-269.46	-97.25
Unlevered Free Cash Flow	81.08	1,285	-0.4	-119.68	-256.65	-92.63
Change in Working Capital	227.2	301.3	258.1	277.1	-8.3	-50.2

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