Prestige Assurance 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	609.33	3,236	1,310	502.26	688.28
Depreciation & Amortization	190.88	152.07	96.91	127.87	123.76
Other Amortization	9.36	9.98	7.13	6.97	4.9
Gain (Loss) on Sale of Assets	-	-1.48	-10.33	-14.34	-3.42
Gain (Loss) on Sale of Investments	-	-124.27	-140.6	9.7	-11.82
Change in Accounts Receivable	-	-180.5	-412.47	-398.22	71.01
Reinsurance Recoverable	-	-3,871	-969.82	-604.13	-2,673
Change in Accounts Payable	-	-62.21	52.34	34.85	37.93
Change in Unearned Revenue	-	-	-	-	312.54
Change in Insurance Reserves / Liabilities	-	6,221	2,487	514.61	1,939
Change in Other Net Operating Assets	-	626.43	165.19	-176.12	304.06
Other Operating Activities	-2,906	-4,227	-2,005	-938.55	-1,063
Operating Cash Flow	-2,096	1,393	848.33	-1,034	-404.47
Operating Cash Flow Growth	-	64.18%	-	-	-
Capital Expenditures	-47.14	-113.1	-87.83	-125.41	-129.88
Sale of Property, Plant & Equipment	3.6	9.26	11.25	14.34	5.74
Purchase / Sale of Intangible Assets	-	-	-30.1	-20.75	-
Investment in Securities	-966.01	-4,252	-2,624	-578.25	-391.73
Other Investing Activities	2,432	1,880	954.6	703.9	4,136
Investing Cash Flow	1,604	-2,163	-1,472	329.17	3,675
Total Debt Repaid	-	-	-	-0.21	-3.27
Net Debt Issued (Repaid)	-	-	-	-0.21	-3.27
Common Dividends Paid	-	-265.14	-	-198.79	-331.32
Other Financing Activities	-0.85	-	-	-	-1.28
Financing Cash Flow	-0.85	-265.14	-	-199	-335.86
Foreign Exchange Rate Adjustments	-	-61.32	55.56	19.79	7.69
Net Cash Flow	-493.52	-1,097	-568.18	-884.21	2,942
Free Cash Flow	-2,144	1,280	760.5	-1,160	-534.35
Free Cash Flow Growth	-	68.27%	-	-	-
Free Cash Flow Margin	-9.06%	5.69%	5.30%	-8.75%	-8.30%
Free Cash Flow Per Share	-0.16	0.10	0.06	-0.09	-0.04
Cash Interest Paid	0.85	-	-	1.73	1.28
Cash Income Tax Paid	146.79	71.66	121.92	28.81	36.39
Levered Free Cash Flow	3,151	-143.31	1,790	678.3	3,236
Unlevered Free Cash Flow	3,152	-142	1,791	679.38	3,237
Change in Working Capital	-	2,733	1,323	-629.01	-104.01

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.