Employers Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	118.6	118.1	48.4	119.3
Depreciation & Amortization	3.6	4.8	5.3	7.4
Other Amortization	13.1	16.7	16.4	14.2
Gain (Loss) on Sale of Investments	-25.1	-20.3	54.8	-46.1
Stock-Based Compensation	6.3	6.2	5.1	9.1
Change in Accounts Receivable	-3.2	-58.6	-63.7	-12.1
Reinsurance Recoverable	16	17.5	32.2	20.2
Change in Accounts Payable	3.3	3.7	7.2	-2.5
Change in Unearned Revenue	17.3	33.3	26.5	-5.4
Change in Income Taxes	-8.4	-6.7	8.8	-7.9
Change in Insurance Reserves / Liabilities	-76.3	-76.2	-20.5	-88.2
Change in Other Net Operating Assets	5.8	-2.7	-6.1	-4.6
Other Operating Activities	4.1	4.3	-17.4	6.7
Operating Cash Flow	76.4	49.4	99.8	10.8
Operating Cash Flow Growth	54.66%	-50.50%	824.07%	-67.27%
Capital Expenditures	-4.9	-2.2	-2.6	-3.6
Investment in Securities	-154.8	379.5	-143.5	1.9
Investing Cash Flow	-159.7	377.3	-146.1	-1.7
Short-Term Debt Issued	-	-	10	27
Long-Term Debt Issued	-	-	182.5	-
Total Debt Issued	-	-	192.5	27
Total Debt Repaid	-0.1	-182.7	-10.2	-47.1
Net Debt Issued (Repaid)	-0.1	-182.7	182.3	-20.1
Repurchases of Common Stock	-42.6	-76.1	-30.4	-42.6
Common Dividends Paid	-30.3	-29.7	-28.8	-29
Other Financing Activities	-1.8	-1	-1.2	-2.7
Financing Cash Flow	-74.8	-289.5	60.4	-94.4
Net Cash Flow	-158.1	137.2	14.1	-85.3
Free Cash Flow	71.5	47.2	97.2	7.2
Free Cash Flow Growth	51.48%	-51.44%	1250.00%	-73.82%
Free Cash Flow Margin	8.12%	5.55%	13.62%	1.02%
Free Cash Flow Per Share	2.84	1.78	3.51	0.25
Cash Interest Paid	0.1	5.8	2.6	0.3
Cash Income Tax Paid	32.4	31.9	15.8	29.4
Levered Free Cash Flow	126.19	153.53	-56.83	80.54
Unlevered Free Cash Flow	126.25	157.15	-54.64	80.85
Change in Working Capital	-45.5	-89.7	-15.6	-100.5

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