JMSE:ROC Cash Flow Statement

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

Millions JMD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2.36	-12.45	80.71	83.96	33.63	53.71
Depreciation & Amortization	37.72	31.23	6.3	4.73	4.59	3.39
Other Amortization	-	-	-	0.78	0.64	0.64
Gain (Loss) on Sale of Assets	1.18	1.18	-	-0.12	-	-
Gain (Loss) on Sale of Investments	-14.65	-9.31	-14.45	-7.84	-10.37	-9.85
Change in Accounts Receivable	-	-	-	-	-0.84	-6.59
Reinsurance Recoverable	-1,538	-1,682	-11.87	-152.88	166.69	-
Change in Unearned Revenue	-	-	-	-	-	8.01
Change in Income Taxes	-18.99	-15.64	-11.58	-11.01	-7.64	-6.32
Change in Insurance Reserves / Liabilities	1,994	2,718	33.72	246.21	-115.46	13.87
Change in Other Net Operating Assets	-6.11	-30.41	55.92	-32.94	9.47	-2.98
Other Operating Activities	-74.9	-73.11	-77.28	-51.83	-51.52	-9.06
Operating Cash Flow	381.68	927.46	61.49	79.07	29.21	38.4
Operating Cash Flow Growth	194.50%	1408.38%	-22.24%	170.75%	-23.95%	-
Capital Expenditures	-29.95	-54.59	-5.81	-1.66	-2.82	-12.08
Sale of Property, Plant & Equipment	2.5	2.5	-	0.12	-	-
Purchase / Sale of Intangible Assets	-	-	-	-1.2	-	-
Investment in Securities	-300.24	149.96	-282.4	114	-4.9	-31.9
Other Investing Activities	95.21	89.24	89.85	70.14	51.28	43.63
Investing Cash Flow	-232.48	187.11	-198.36	181.4	43.56	-0.35
Total Debt Repaid	-36.12	-28.78	-	-	-	-
Net Debt Issued (Repaid)	-36.12	-28.78	-	-	-	-
Common Dividends Paid	-19.26	-19.26	-21.4	-6.96	-	-
Financing Cash Flow	-55.38	-48.04	-21.4	-6.96	-	-
Net Cash Flow	93.83	1,067	-158.27	253.52	72.77	38.06
Free Cash Flow	351.73	872.87	55.68	77.41	26.38	26.32
Free Cash Flow Growth	252.45%	1467.79%	-28.08%	193.42%	0.24%	-
Free Cash Flow Margin	14.92%	38.85%	2.97%	5.17%	2.47%	6.31%
Free Cash Flow Per Share	1.58	4.08	0.26	0.36	0.12	0.12
Cash Income Tax Paid	18.99	15.64	11.58	11.01	7.64	6.32
Levered Free Cash Flow	-	-203.5	320.1	166.83	-70.1	-37.87
Unlevered Free Cash Flow	-	-192.7	320.1	166.83	-70.1	-36.73
Change in Working Capital	429.97	989.92	66.2	49.39	52.23	-0.43

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