Legal & General Group 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	616	195	443	2,290	2,043
Other Adjustments	-43,878	-20,887	-32,762	101,208	-34,907
Changes in Accounts Payable	34,116	7,083	30,045	-86,132	29,409
Changes in Claims Reserves	8,590	2,372	11,153	-20,282	726
Changes in Income Taxes Payable	-228	-190	-186	-570	-564
Changes in Other Operating Activities	5,332	6,981	-22,937	23,950	3,124
Operating Cash Flow	4,548	-4,446	-14,244	20,464	-169
Capital Expenditures	-51	-95	-237	-187	-205
Payments for Business Acquisitions	-22	-	-9	-2	-
Proceeds from Business Divestments	80	455	-	-	217
Other Investing Activities	163	-121	-176	-37	121
Investing Cash Flow	170	239	-422	-226	133
Long-Term Debt Issued	1,816	2,325	1,226	945	449
Long-Term Debt Repaid	-2,933	-473	-544	-737	-798
Net Long-Term Debt Issued (Repaid)	-1,117	1,852	682	208	-349
Issuance of Common Stock	16	6	12	6	6
Repurchase of Common Stock	-523	-234	-18	-59	-34
Net Common Stock Issued (Repurchased)	-507	-228	-6	-53	-28
Common Dividends Paid	-1,247	-1,230	-1,172	-1,116	-1,063
Other Financing Activities	-58	-63	-60	-72	-65
Financing Cash Flow	-2,929	331	-556	-1,033	-1,505
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-108	20	-49	92	8
Net Cash Flow	1,789	-3,876	-15,222	19,205	-1,541
Free Cash Flow	4,497	-4,541	-14,481	20,277	-374
FCF Margin	39.23%	-40.98%	-114.65%	170.61%	-0.82%
Free Cash Flow Per Share	0.74	-0.76	-2.31	3.23	-0.06
Levered Free Cash Flow	38,644	15,822	7,824	-61,948	33,465
Unlevered Free Cash Flow	39,842	13,963	7,916	-61,916	34,035