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	592	191	457	783	2,050
Depreciation & Amortization	44	49	48	57	54
Other Amortization	55	56	48	45	39
Gain (Loss) on Sale of Assets	-142	-42	925	-	-
Gain (Loss) on Sale of Investments	-31,594	-8,496	-22,492	107,469	-26,062
Change in Insurance Reserves / Liabilities	8,590	2,372	11,153	-15,625	726
Change in Other Net Operating Assets	40,470	2,802	6,455	-92,392	18,366
Other Operating Activities	-2,026	-390	-2,055	-901	-7
Operating Cash Flow	4,548	-4,446	-14,244	20,464	-169
Capital Expenditures	-51	-95	-237	-187	-205
Cash Acquisitions	-22	-	-9	-2	-
Investment in Securities	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
Total Debt Repaid	-2,963	-508	-576	-781	-835
Net Debt Issued (Repaid)	-1,147	1,817	650	164	-386
Issuance of Common Stock	16	6	12	6	6
Repurchases of Common Stock	-523	-234	-18	-59	-34
Common Dividends Paid	-1,275	-1,258	-1,200	-1,144	-1,091
Financing Cash Flow	-2,929	331	-556	-1,033	-1,505
Foreign Exchange Rate Adjustments	-108	20	-49	92	8
Miscellaneous Cash Flow Adjustments	-1,240	-	-	-	-
Net Cash Flow	441	-3,856	-15,271	19,297	-1,533
Free Cash Flow	4,497	-4,541	-14,481	20,277	-374
Free Cash Flow Margin	40.90%	-46.18%	-120.83%	169.63%	-3.88%
Free Cash Flow Per Share	0.74	-0.76	-2.31	3.23	-0.06
Cash Interest Paid	343	365	469	290	301
Cash Income Tax Paid	29	-31	7	366	376
Levered Free Cash Flow	-17,395	-15,653	-25,568	-422,182	53,602
Unlevered Free Cash Flow	-17,219	-15,483	-25,351	-422,001	53,751
Change in Working Capital	37,617	4,172	8,786	-86,990	23,708

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