Hanwha General Insurance Cash Flow Statement

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

Millions KRW. 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	299,017	343,006	247,239	222,191	121,984
Depreciation & Amortization	97,711	95,936	82,771	72,998	68,084
Other Amortization	54,639	22,120	34,753	34,539	503,490
Gain (Loss) on Sale of Assets	-187.55	-124.73	235.68	-69,386	44.79
Gain (Loss) on Sale of Investments	-81,019	15,508	-46,075	73,173	-
Stock-Based Compensation	1,510	1,607	230.54	1,399	507.13
Change in Insurance Reserves / Liabilities	319,672	515,521	499,822	512,856	-
Change in Other Net Operating Assets	-11,238	-42,702	613,879	-61,175	-258,433
Other Operating Activities	5,537	-63,060	-74,004	27,060	947,496
Operating Cash Flow	668,261	1,492,372	1,583,479	1,866	1,238,708
Operating Cash Flow Growth	-55.22%	-5.75%	84781.62%	-99.85%	-18.51%
Capital Expenditures	-24,918	-128,411	-21,463	-16,974	-21,477
Sale of Property, Plant & Equipment	230.58	1,753	509.95	456,735	45.4
Purchase / Sale of Intangible Assets	-25,314	-14,002	-9,025	-2,588	-1,030
Cash Acquisitions	-79,041	-	-	2,678	-
Investment in Securities	-678,258	-1,627,465	-582,670	-1,049,139	-1,153,438
Other Investing Activities	-95,310	-91,252	-86,756	-91,510	-22,212
Investing Cash Flow	-902,611	-1,859,377	-699,404	-700,800	-1,198,111
Long-Term Debt Issued	498,528	348,966	-	249,134	-
Total Debt Repaid	-	-	-478,000	-	-
Net Debt Issued (Repaid)	498,528	348,966	-478,000	249,134	-
Issuance of Common Stock	-	-	-	190,000	-
Repurchases of Common Stock	-	-4,942	-	-	-513.4
Common & Preferred Dividends Paid	-12,147	-14,375	-22,355	-16,866	-12,320
Total Dividends Paid	-12,147	-14,375	-22,355	-16,866	-12,320
Other Financing Activities	-255,640	-46,492	-216,422	291,983	7,098
Financing Cash Flow	230,741	283,157	-716,777	714,251	-5,736
Foreign Exchange Rate Adjustments	17.37	1,504	-917.79	-589.82	745.24
Net Cash Flow	-3,592	-82,344	166,381	14,727	35,606
Free Cash Flow	643,343	1,363,961	1,562,017	-15,109	1,217,231
Free Cash Flow Growth	-52.83%	-12.68%	-	-	-18.95%
Free Cash Flow Margin	10.17%	24.06%	30.29%	-0.32%	21.95%
Free Cash Flow Per Share	3997.53	8434.15	10094.53	-119.41	10426.95
Cash Interest Paid	49,651	16,433	30,022	30,173	21,728
Cash Income Tax Paid	44,321	-21,826	180,090	29,401	9,883
Levered Free Cash Flow	67,257	-1,547,250	-2,210,407	-13,061,388	584,722
Unlevered Free Cash Flow	46,768	-1,555,545	-2,223,439	-13,074,340	576,210
Change in Working Capital	289,263	1,080,132	1,334,366	-359,047	-405,280

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.