Asia Financial Holdings Cash Flow Statement

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	647.07	346.75	123.2	677.62	337.95
Depreciation & Amortization	16.14	16.45	15.68	13.4	14.02
Gain (Loss) on Sale of Assets	0.02	0.31	-0.09	0.04	0.29
Gain (Loss) on Sale of Investments	15.38	-49.97	-0.19	3.95	-16.96
Change in Accounts Receivable	-	-	-	18.27	14.66
Reinsurance Recoverable	31.27	-255.97	133.35	-62.64	-129.17
Change in Insurance Reserves / Liabilities	399.52	271.28	-133.53	303.35	293.92
Change in Other Net Operating Assets	17.25	-461.22	-960.46	-117.76	-53.58
Other Operating Activities	-244.66	-284.08	-273.33	-376.5	-236.92
Operating Cash Flow	131.98	-602.02	-1,113	-110.51	-17.33
Capital Expenditures	-12.3	-14.93	-9.77	-5.47	-13.33
Sale of Property, Plant & Equipment	-	-	0.42	-	-
Investment in Securities	-328.83	-104.71	-63.22	-218.05	-633.92
Other Investing Activities	373.39	292.74	325.29	409.93	263.29
Investing Cash Flow	32.26	173.11	252.72	186.41	-396.05
Total Debt Repaid	-2.18	-2.5	-3.26	-1.63	-101.11
Net Debt Issued (Repaid)	-2.18	-2.5	-3.26	-1.63	-101.11
Repurchases of Common Stock	-16.29	-24.96	-9.41	-25.94	-51.86
Common Dividends Paid	-97.44	-69.98	-112.62	-103.6	-57.46
Other Financing Activities	-0.14	-0.11	-0.13	0.53	-0.38
Financing Cash Flow	-116.06	-97.55	-125.43	-130.64	-210.82
Net Cash Flow	48.18	-526.46	-985.69	-54.74	-624.2
Free Cash Flow	119.68	-616.95	-1,123	-115.98	-30.65
Free Cash Flow Margin	3.18%	-22.09%	-49.95%	-6.60%	-2.10%
Free Cash Flow Per Share	0.13	-0.66	-1.20	-0.12	-0.03
Cash Interest Paid	0.14	0.11	0.13	0.09	0.38
Cash Income Tax Paid	7.13	15.67	13.93	39.74	12.62
Levered Free Cash Flow	-418.89	-23.19	-1,042	69.84	42.53
Unlevered Free Cash Flow	-418.8	-23.12	-1,042	69.9	42.77
Change in Working Capital	-258.4	-689.09	-1,079	-194.72	-67.94

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