Chesnara Cash Flow Statement

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

Millions GBP. 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	-10.4	3.9	18.6	-33.7	27.29
Depreciation & Amortization	6.6	7.4	9.1	8.6	1.54
Other Amortization	11.3	10.4	9.6	10.3	22.94
Gain (Loss) on Sale of Investments	-639.6	-1,271	-1,024	1,428	-990.91
Stock-Based Compensation	-0.5	2	0.7	0.9	0.59
Change in Accounts Receivable	-	-	-	-	5.98
Reinsurance Recoverable	-3.2	14.8	7.8	28.3	-37.75
Change in Insurance Reserves / Liabilities	-318.2	35.7	93.8	-557.9	51.24
Change in Other Net Operating Assets	716	1,236	842.8	-913.7	891.31
Other Operating Activities	27.2	18.5	-14.8	-13	-13.4
Operating Cash Flow	-219.8	43.4	-34.9	-42	26.6
Operating Cash Flow Growth	-	-	-	-	-49.34%
Capital Expenditures	-0.9	-0.8	-0.8	-1.1	-3.64
Purchase / Sale of Intangible Assets	-	-	-	-2.4	-
Cash Acquisitions	-	1	30.3	55.6	-
Investing Cash Flow	-0.9	0.2	29.5	52.1	-3.64
Long-Term Debt Issued	148.7	-	-	198.5	-
Total Debt Repaid	-2.4	-2.9	-4.5	-37.4	-16.7
Net Debt Issued (Repaid)	146.3	-2.9	-4.5	161.1	-16.7
Issuance of Common Stock	136.4	-	0.2	0.3	-
Repurchases of Common Stock	-1	-	-	-	-
Common Dividends Paid	-42	-36.5	-35.4	-34.3	-33.28
Other Financing Activities	-15.9	-10.3	-10.1	-5.8	-2.27
Financing Cash Flow	223.8	-49.7	-49.8	121.3	-52.25
Foreign Exchange Rate Adjustments	4.4	-2.6	-3.6	3.4	-4.59
Net Cash Flow	7.5	-8.7	-58.8	134.8	-33.88
Free Cash Flow	-220.7	42.6	-35.7	-43.1	22.96
Free Cash Flow Growth	-	-	-	-	-55.54%
Free Cash Flow Margin	-64.38%	11.46%	-9.66%	-17.91%	1.53%
Free Cash Flow Per Share	-1.07	0.28	-0.23	-0.29	0.15
Cash Interest Paid	11	10.3	10.1	5.8	2.27
Cash Income Tax Paid	0.5	-3.7	10.5	12.1	9.8
Levered Free Cash Flow	620.58	1,130	-447.48	5,123	340.94
Unlevered Free Cash Flow	627.7	1,137	-440.6	5,130	342.36
Change in Working Capital	394.6	1,286	944.4	-1,443	978.55

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