Talanx AG Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
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	2015 - 2019
Net Income	1,977	1,581	706	1,011	648	Upgrade
Depreciation & Amortization	384	456	366	332	336	Upgrade
Other Amortization	114	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-1,344	-1,217	Upgrade
Reinsurance Recoverable	-495	526	-44	-	-	Upgrade
Change in Insurance Reserves / Liabilities	6,937	8,484	-17,684	10,700	6,151	Upgrade
Change in Other Net Operating Assets	1,269	1,145	46	-1,156	-621	Upgrade
Other Operating Activities	-1,755	-4,097	22,486	789	615	Upgrade
Operating Cash Flow	8,431	8,095	5,876	10,049	6,106	Upgrade
Operating Cash Flow Growth	4.15%	37.76%	-41.53%	64.58%	-12.42%	Upgrade
Capital Expenditures	-	-	-	-169	-158	Upgrade
Sale of Property, Plant & Equipment	-	-	-	11	13	Upgrade
Cash Acquisitions	-299	-1,299	-63	-213	-	Upgrade
Investment in Securities	-6,342	-3,258	-6,427	-6,333	-4,948	Upgrade
Other Investing Activities	87	-123	36	-2,071	187	Upgrade
Investing Cash Flow	-6,794	-5,029	-6,862	-10,061	-5,009	Upgrade
Long-Term Debt Issued	765	1,155	2,147	-	-	Upgrade
Total Debt Repaid	-1,200	-2,024	-873	-	-	Upgrade
Net Debt Issued (Repaid)	-435	-869	1,274	-	-	Upgrade
Issuance of Common Stock	-	297	9	13	-	Upgrade
Repurchases of Common Stock	-2	-	-	-	-	Upgrade
Common Dividends Paid	-607	-507	-405	-379	-379	Upgrade
Other Financing Activities	-540	-406	-357	794	-652	Upgrade
Financing Cash Flow	-1,584	-1,485	521	428	-1,031	Upgrade
Foreign Exchange Rate Adjustments	14	-76	67	116	-97	Upgrade
Miscellaneous Cash Flow Adjustments	-2	1	-7	2	-11	Upgrade
Net Cash Flow	65	1,506	-405	534	-42	Upgrade
Free Cash Flow	8,431	8,095	5,876	9,880	5,948	Upgrade
Free Cash Flow Growth	4.15%	37.76%	-40.53%	66.11%	-12.63%	Upgrade
Free Cash Flow Margin	20.36%	21.14%	14.73%	22.60%	15.12%	Upgrade
Free Cash Flow Per Share	32.65	31.78	23.21	39.08	23.53	Upgrade
Cash Interest Paid	827	573	609	581	611	Upgrade
Cash Income Tax Paid	829	542	227	144	288	Upgrade
Levered Free Cash Flow	-173.99	3,256	-39,924	4,063	2,208	Upgrade
Unlevered Free Cash Flow	58.51	3,483	-39,779	4,202	2,373	Upgrade
Change in Working Capital	7,711	10,155	-17,682	9,261	5,724	Upgrade

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.