Hiscox Cash Flow Statement

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

Millions USD. 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	604.1	627.2	712	253.9	189.5
Depreciation & Amortization	18.9	19.1	33.5	24.5	22.7
Other Amortization	46.9	41.6	37	35.5	35.3
Gain (Loss) on Sale of Assets	2.1	-0.5	-4	0.1	-6.5
Gain (Loss) on Sale of Investments	-57.1	-71.5	-170.6	254.2	57.9
Stock-Based Compensation	48.8	49.1	43.2	27.2	24
Change in Other Net Operating Assets	-599.3	-588.3	-316.2	-175	-300.6
Other Operating Activities	8.4	37.7	-109.4	-47	-6
Operating Cash Flow	72.8	114.4	232.1	373.4	16.6
Operating Cash Flow Growth	-36.36%	-50.71%	-37.84%	2149.40%	-
Capital Expenditures	-1.3	-5.1	-1.1	-20.9	-5.4
Sale of Property, Plant & Equipment	2.8	0.1	-	0.9	0.2
Purchase / Sale of Intangible Assets	-45.1	-34	-42.6	-61.9	-52.8
Cash Acquisitions	-45.1	-	-	-	-
Investment in Securities	-	-	9.5	-	-
Investing Cash Flow	-113.4	-38.5	-34.2	-81.9	-36.6
Long-Term Debt Issued	496.8	-	-	279.1	-
Total Debt Issued	496.8	-	-	279.1	-
Total Debt Repaid	-392.3	-11.7	-14	-350.3	-207.1
Net Debt Issued (Repaid)	104.5	-11.7	-14	-71.2	-207.1
Issuance of Common Stock	5.1	5.2	9.6	0.1	0.1
Repurchases of Common Stock	-321.3	-149.1	-	-	-
Common Dividends Paid	-145.5	-127	-124.5	-119.8	-39.2
Financing Cash Flow	-357.2	-282.6	-128.9	-190.9	-246.2
Foreign Exchange Rate Adjustments	48.8	-3.3	17.1	-50.4	-10.3
Net Cash Flow	-349	-210	86.1	50.2	-276.5
Free Cash Flow	71.5	109.3	231	352.5	11.2
Free Cash Flow Growth	-34.58%	-52.68%	-34.47%	3047.32%	-
Free Cash Flow Margin	1.78%	2.87%	6.24%	11.85%	0.37%
Free Cash Flow Per Share	0.21	0.31	0.65	1.01	0.03
Cash Interest Paid	64.7	51.9	48.5	31.3	49.6
Cash Income Tax Paid	108.8	20.3	9.6	2.4	12.1
Levered Free Cash Flow	1,005	689.39	698.38	-5,342	771.75
Unlevered Free Cash Flow	1,047	722.58	729.63	-5,317	803.5
Change in Working Capital	-599.3	-588.3	-316.2	-175	-300.6

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