AIICO Insurance Plc (NGX:AIICO)

AIICO Insurance Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	13,629	11,991	5,054	4,853	5,061
Depreciation & Amortization	951.39	917.05	849.61	714.34	723.43
Other Amortization	123.74	39.39	39.72	30.24	98.11
Other Operating Activities	29,123	610.87	-9,131	-17,154	26,078
Operating Cash Flow	43,828	13,558	-3,188	-11,556	31,961
Operating Cash Flow Growth	223.25%	-	-	-	195.74%
Capital Expenditures	-1,421	-1,423	-1,410	-864.11	-682.66
Sale of Property, Plant & Equipment	139.09	83.26	41.02	11.22	335.19
Purchase / Sale of Intangible Assets	-916.49	-18.35	-33.64	-75.9	-44.81
Investment in Securities	-63,525	-34,078	-20,959	-11,926	-17,307
Other Investing Activities	30,997	23,089	16,445	19,774	8,769
Investing Cash Flow	-34,657	-12,108	-5,731	6,919	-8,930
Total Debt Repaid	-	-	-	-	-2,443
Net Debt Issued (Repaid)	-	-	-	-	-2,443
Issuance of Common Stock	-	-	-	-	3,390
Common Dividends Paid	-1,830	-1,098	-732.11	-	-
Other Financing Activities	-	-	-	-	-394.43
Financing Cash Flow	-1,830	-1,098	-732.11	-	552.51
Foreign Exchange Rate Adjustments	2,929	2,155	76.42	-25.6	-
Miscellaneous Cash Flow Adjustments	-	-	-0	-1,761	-1,750
Net Cash Flow	10,270	2,507	-9,575	-6,423	21,833
Free Cash Flow	42,407	12,135	-4,598	-12,421	31,278
Free Cash Flow Growth	249.45%	-	-	-	224.18%
Free Cash Flow Margin	27.34%	11.01%	-5.61%	-29.08%	29.92%
Free Cash Flow Per Share	1.16	0.33	-0.13	-0.34	0.85
Cash Interest Paid	4,360	3,502	3,723	-	283.29
Cash Income Tax Paid	405.26	352.8	162.99	201.79	222.17
Levered Free Cash Flow	-10,158	-11,723	-69,440	30,514	-35,324
Unlevered Free Cash Flow	14,500	6,496	-55,406	30,514	-35,264
Change in Net Working Capital	10,783	15,049	70,988	-28,770	37,361

Updated Jan 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.