Britam Holdings Cash Flow Statement

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

Millions KES. 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	5,537	5,005	3,256	1,558	46.22
Depreciation & Amortization	-	323.42	351.29	348.57	359.29
Other Amortization	-	274.68	337.81	481.72	427.9
Gain (Loss) on Sale of Assets	-	9.07	5.79	-13.56	-14.37
Gain (Loss) on Sale of Investments	-	-9,858	4,683	2,324	-1,807
Change in Accounts Receivable	-	-	2.2	-2.2	77.76
Reinsurance Recoverable	-	32.31	-619.55	268.85	-2,875
Change in Unearned Revenue	-	-	-	-	100.6
Change in Insurance Reserves / Liabilities	-	29,736	15,512	11,868	6,461
Change in Other Net Operating Assets	-	522.96	468.67	-7,047	7,402
Other Operating Activities	-1,812	-19,371	-15,758	-12,279	-9,673
Operating Cash Flow	3,725	6,088	8,367	-2,770	1,360
Operating Cash Flow Growth	-38.81%	-27.25%	-	-	-
Capital Expenditures	-	-510.75	-168.16	-128.49	-128.53
Sale of Property, Plant & Equipment	-	-	-	71.7	-
Purchase / Sale of Intangible Assets	-	-308.3	-98.92	-45.13	-101.57
Investment in Securities	-	-27,247	-21,415	-7,624	-
Other Investing Activities	-2,877	20,420	16,428	13,090	-
Investing Cash Flow	-2,877	-7,733	-5,243	5,446	-230.1
Long-Term Debt Issued	-	-	-	1,500	-
Total Debt Repaid	-	-1,801	-295.03	-3,369	-697.53
Net Debt Issued (Repaid)	-	-1,801	-295.03	-1,869	-697.53
Other Financing Activities	-636.05	-129.61	-110.75	-310.52	-426.84
Financing Cash Flow	-636.05	-1,931	-405.79	-2,179	-1,124
Foreign Exchange Rate Adjustments	10.24	-111.19	56.58	-4.15	-4.23
Net Cash Flow	222.46	-3,687	2,775	492.37	1.49
Free Cash Flow	3,725	5,577	8,199	-2,899	1,232
Free Cash Flow Growth	-33.20%	-31.98%	-	-	-
Free Cash Flow Margin	7.77%	16.84%	26.79%	-12.71%	3.07%
Free Cash Flow Per Share	1.47	2.21	3.25	-1.15	0.49
Cash Interest Paid	-	129.61	110.75	310.52	426.84
Cash Income Tax Paid	-	1,055	1,059	231.07	246.52
Levered Free Cash Flow	84,005	-17,853	-2,813	21,040	-10,644
Unlevered Free Cash Flow	84,098	-17,676	-2,659	21,211	-10,385
Change in Working Capital	-	30,320	15,792	5,064	11,259

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