Cornerstone Insurance Cash Flow Statement

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

Millions NGN. 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	8,269	25,583	13,701	0.07	3,511
Depreciation & Amortization	454.84	369.94	257.89	207.15	212.35
Other Operating Activities	-4,076	-24,552	-9,545	2,016	-2,976
Operating Cash Flow	4,647	1,401	4,414	2,223	747.66
Operating Cash Flow Growth	231.69%	-68.26%	98.58%	197.33%	-58.02%
Capital Expenditures	-947.24	-383.75	-599.61	-270.05	-283.08
Sale of Property, Plant & Equipment	-	9.86	33.85	9.07	0.14
Purchase / Sale of Intangible Assets	17.82	-12.57	-7.44	-0.32	-7.56
Investment in Securities	-8,004	-9,613	-3,863	-5,587	-1,067
Other Investing Activities	7,296	6,445	2,522	963.58	1,534
Investing Cash Flow	-1,637	-3,554	-1,914	-4,883	175.06
Repurchases of Common Stock	-	-	-	-	-8.69
Common Dividends Paid	-4,866	-2,907	-	-908.32	-
Other Financing Activities	-	-	-	-0.63	-62.04
Financing Cash Flow	-4,866	-2,907	-	-908.95	-70.73
Foreign Exchange Rate Adjustments	-89.86	9,904	5,831	52.52	1,888
Miscellaneous Cash Flow Adjustments	0	-0	0	-	-
Net Cash Flow	-1,947	4,844	8,332	-3,517	2,740
Free Cash Flow	3,700	1,017	3,815	1,953	464.59
Free Cash Flow Growth	263.70%	-73.33%	95.34%	320.37%	-71.56%
Free Cash Flow Margin	6.05%	2.40%	13.13%	8.81%	3.96%
Free Cash Flow Per Share	0.20	0.06	0.21	0.11	0.03
Cash Income Tax Paid	801.76	312.83	223.59	248.23	154.91
Levered Free Cash Flow	-5,460	-11,633	18,348	-15,475	1,422
Unlevered Free Cash Flow	-5,460	-11,633	18,348	-15,475	1,422

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