China Reinsurance (Group) Cash Flow Statement

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

Millions CNY. 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	9,771	10,557	5,652	-324.65	5,954
Depreciation & Amortization	-	958.76	1,060	1,078	1,032
Other Amortization	-	278.18	245.53	206.25	190.1
Gain (Loss) on Sale of Assets	-	1.15	1.99	5.25	2.73
Gain (Loss) on Sale of Investments	-	-	-	871.95	-
Change in Accounts Receivable	-	-	-	-	506.17
Reinsurance Recoverable	-	-1,638	-3,458	274.67	-2,345
Change in Insurance Reserves / Liabilities	-	5,613	19,571	12,340	26,312
Change in Other Net Operating Assets	-	7,643	2,754	3,214	-10,276
Other Operating Activities	8,803	-12,059	-7,437	-6,957	-13,251
Operating Cash Flow	18,574	10,347	16,293	11,710	9,561
Operating Cash Flow Growth	79.51%	-36.49%	39.15%	22.47%	-71.24%
Capital Expenditures	-414.94	-433.87	-430.94	-397.68	-442.7
Sale of Property, Plant & Equipment	63.09	72.49	45.96	0.6	27.51
Investment in Securities	-1,578	-29,817	-27,126	-19,117	-25,922
Other Investing Activities	12,321	11,620	12,683	12,712	10,767
Investing Cash Flow	10,391	-18,558	-14,828	-6,802	-15,570
Short-Term Debt Issued	4,000	9,234	6,150	873.59	18,099
Long-Term Debt Issued	-	-	9,000	-	-
Total Debt Issued	4,000	9,234	15,150	873.59	18,099
Total Debt Repaid	-19,643	-1,795	-11,980	-9,938	-619.97
Net Debt Issued (Repaid)	-15,643	7,439	3,170	-9,065	17,479
Common Dividends Paid	-2,124	-1,784	-594.72	-1,912	-1,742
Other Financing Activities	-831.79	-1,039	-1,576	-1,227	-1,725
Financing Cash Flow	-18,598	4,616	999.2	-12,203	14,012
Foreign Exchange Rate Adjustments	-89.97	-90.12	-77.53	508.28	-636.19
Net Cash Flow	10,277	-3,685	2,387	-6,788	7,367
Free Cash Flow	18,159	9,914	15,862	11,312	9,119
Free Cash Flow Growth	83.18%	-37.50%	40.23%	24.05%	-71.81%
Free Cash Flow Margin	16.83%	9.56%	16.71%	14.13%	5.56%
Free Cash Flow Per Share	0.43	0.23	0.37	0.27	0.21
Cash Interest Paid	1,576	2,006	2,178	2,067	1,932
Cash Income Tax Paid	4,055	1,583	1,911	1,492	1,670
Levered Free Cash Flow	16,005	-14,675	-31,754	-86,244	-33,884
Unlevered Free Cash Flow	17,045	-13,420	-30,301	-85,035	-31,928
Change in Working Capital	-	11,617	18,867	15,828	17,029

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