Sabre Insurance 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	50.96	48.56	23.61	12.75	37.2
Depreciation & Amortization	0.18	0.18	0.14	0.3	0.39
Stock-Based Compensation	2.14	1.61	1.61	1.6	1.08
Other Adjustments	-10.59	-6.45	-2.79	-1.62	-1.48
Changes in Receivables	-0.01	0.06	-0.08	6.64	-4.02
Changes in Reinsurance Contract Assets	-52.77	0.09	-24.34	-4.21	-12.39
Changes in Deferred Acquisition Costs	-	-	-	0.44	1
Changes in Accounts Payable	0.05	-2.71	4.59	-1.96	1.17
Changes in Accrued Expenses	-	-	-	-0.51	-0.55
Changes in Unearned Premiums	-	-	-	-6.92	3.43
Changes in Claims Reserves	56.95	29.94	48.06	24.93	5.97
Changes in Income Taxes Payable	-12.72	-12.29	-4.66	-4.48	-5.99
Changes in Other Operating Activities	2.68	-36.92	-20.8	-7.55	7.51
Operating Cash Flow	36.88	22.07	25.34	19.4	33.31
Operating Cash Flow Growth	67.12%	-12.91%	30.61%	-41.76%	-34.28%
Capital Expenditures	-0.25	-	-1.67	-0.04	-0.03
Investing Cash Flow	-0.25	-	-1.67	-0.04	-0.03
Issuance of Common Stock	0.01	-	-	-	-
Repurchase of Common Stock	-6.14	-1.48	-0.63	-1.14	-1.93
Net Common Stock Issued (Repurchased)	-6.13	-1.48	-0.63	-1.14	-1.93
Common Dividends Paid	-36.34	-24.35	-6.47	-30.13	-38.39
Other Financing Activities	-	-	-	-0.2	-0.26
Financing Cash Flow	-42.47	-25.83	-7.1	-31.47	-40.58
Net Cash Flow	-5.84	-3.77	16.58	-12.11	-7.29
Free Cash Flow	36.63	22.07	23.68	19.36	33.29
Free Cash Flow Growth	65.97%	-6.79%	22.27%	-41.83%	-34.32%
FCF Margin	15.90%	8.59%	12.25%	10.47%	21.80%
Free Cash Flow Per Share	0.15	0.09	0.09	0.08	0.13
Levered Free Cash Flow	-24.92	-15.68	-28.67	-13.86	24.67
Unlevered Free Cash Flow	-24.92	-15.68	-23.63	-13.86	24.69