Assicurazioni Generali Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	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	2016 - 2020
Net Income	3,824	3,724	3,747	2,235	2,847	1,744	Upgrade
Depreciation & Amortization	525	492	298	464	777	832	Upgrade
Gain (Loss) on Sale of Investments	-4,397	-11,207	-9,402	20,928	-	-	Upgrade
Change in Accounts Receivable	-	-	-	-	398	1,012	Upgrade
Reinsurance Recoverable	230	54	-1,070	800	-	-	Upgrade
Change in Insurance Reserves / Liabilities	7,207	4,137	-5,435	4,420	-	-	Upgrade
Change in Other Net Operating Assets	1,349	1,775	-1,042	-2,534	-3,229	945	Upgrade
Other Operating Activities	9,860	16,220	14,592	-15,972	17,004	15,004	Upgrade
Operating Cash Flow	18,838	15,383	1,732	10,341	17,480	19,343	Upgrade
Operating Cash Flow Growth	243.45%	788.16%	-83.25%	-40.84%	-9.63%	-4.90%	Upgrade
Capital Expenditures	-507	-378	-177	-917	-	-335	Upgrade
Sale of Property, Plant & Equipment	-	-	-	-	334	-	Upgrade
Cash Acquisitions	-181	-2,125	-	-1,192	-1,100	-812	Upgrade
Investment in Securities	-10,348	-11,137	9,701	-1,157	-10,886	-9,221	Upgrade
Other Investing Activities	-6,842	-768	-8,396	-5,494	-6,917	-6,549	Upgrade
Investing Cash Flow	-17,365	-13,817	2,283	-9,016	-16,295	-15,981	Upgrade
Long-Term Debt Issued	-	2,408	572	341	1,894	-	Upgrade
Total Debt Repaid	-	-	-2,393	-356	-	-1,159	Upgrade
Net Debt Issued (Repaid)	2,619	2,408	-1,821	-15	1,894	-1,159	Upgrade
Repurchases of Common Stock	-921	-764	-191	-500	-	-73	Upgrade
Common Dividends Paid	-2,172	-1,986	-1,793	-1,909	-2,310	-783	Upgrade
Other Financing Activities	1	-	1	1	-261	-250	Upgrade
Financing Cash Flow	-473	-342	-3,804	-2,423	-677	-2,265	Upgrade
Foreign Exchange Rate Adjustments	-51	21	-28	47	49	-59	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	-1	-1	1	Upgrade
Net Cash Flow	949	1,245	183	-1,052	556	1,039	Upgrade
Free Cash Flow	18,331	15,005	1,555	9,424	17,480	19,008	Upgrade
Free Cash Flow Growth	248.70%	864.95%	-83.50%	-46.09%	-8.04%	-3.82%	Upgrade
Free Cash Flow Margin	32.28%	27.13%	3.10%	18.57%	18.27%	23.46%	Upgrade
Free Cash Flow Per Share	12.02	9.75	1.00	6.00	11.00	11.92	Upgrade
Cash Interest Paid	1,798	2,046	1,653	1,435	-	-	Upgrade
Cash Income Tax Paid	598	1,003	806	1,698	1,176	1,366	Upgrade
Levered Free Cash Flow	5,084	4,457	3,269	-29,625	8,012	4,280	Upgrade
Unlevered Free Cash Flow	5,728	5,175	3,765	-29,245	8,472	4,803	Upgrade
Change in Working Capital	8,786	5,966	-7,547	2,686	-2,831	1,957	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.