SIC Insurance PLC (GHSE:SIC)

SIC Insurance Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	89.92	84.4	53.74	13.49	22.65	59.8
Depreciation & Amortization	17.07	17.37	12.96	10.63	14.53	9.49
Other Amortization	0.06	0.06	0.07	0.08	0.2	0.41
Gain (Loss) on Sale of Assets	-0.39	-0.39	-1.8	-0.07	-0.01	-10.75
Change in Accounts Receivable	11.12	-5.85	28.67	-24.17	61.05	-99.62
Reinsurance Recoverable	-60.18	-62.87	67.19	-56.69	29.29	-10.91
Change in Accounts Payable	2.55	10.65	53.07	-4.37	25.9	0.75
Change in Unearned Revenue	-71.79	-	-	67.22	2.31	27.32
Change in Insurance Reserves / Liabilities	69.6	-45.41	-5.16	22.6	23.93	-4.06
Change in Other Net Operating Assets	50.04	50.04	-54.58	-	2.41	3.63
Other Operating Activities	-96.77	-95.37	-41.09	-33.75	-60.63	-10.26
Operating Cash Flow	28.06	-30.54	152.27	2.76	72.96	-59.34
Operating Cash Flow Growth	-77.98%	-	5407.40%	-96.21%	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-4.3	-4.29	-14.52	-20.66	-4.09	-6.09
Sale of Property, Plant & Equipment	0.39	0.39	-	-	0.01	-
Purchase / Sale of Intangible Assets	-	-	-	-	-0.15	-0.09
Investment in Securities	-1.67	-6.13	-8.55	-0.01	-25.48	-0.01
Other Investing Activities	46.15	45.33	33.98	29.13	39.53	12.83
Investing Cash Flow	40.57	34.65	14.04	8.19	8.88	101.61

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	-	-	-	14.8
Long-Term Debt Issued	-	-	-	2.24	0.51	-
Total Debt Issued	-	-	-	2.24	0.51	14.8
Total Debt Repaid	-0.82	-0.85	-16.4	-	-0.34	-0.58
Net Debt Issued (Repaid)	-0.82	-0.85	-16.4	2.24	0.18	14.22
Financing Cash Flow	-0.82	-0.85	-16.4	2.24	0.18	14.22

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	67.81	3.26	149.91	13.2	82.02	56.49

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	23.76	-34.83	137.75	-17.9	68.87	-65.43
Free Cash Flow Growth	-79.07%	-	-	-	-	-
Free Cash Flow Margin	3.41%	-5.13%	23.98%	-4.25%	18.35%	-37.04%
Free Cash Flow Per Share	0.12	-0.18	0.70	-0.09	0.35	-0.33
Levered Free Cash Flow	67.95	-26.16	161.86	-164.38	105.73	-35.6
Unlevered Free Cash Flow	68.87	-25.12	163.23	-162.84	107.71	-34.01

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	47.87	45.41	19.09	10.06	36.69	4.63
Change in Working Capital	3.02	-51.76	87.1	4.45	144.99	-83.16

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 2, 2026

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