Universal Insurance Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Net Income	-177.32	530.06	314.51	151.43	1,136	65.07	Upgrade
Depreciation & Amortization	260.11	200.69	119.61	95.49	83.74	128.13	Upgrade
Other Amortization	25.37	21.36	19.67	19.08	16.07	13.05	Upgrade
Other Operating Activities	2,204	1,192	-576.54	-259.75	-908.62	-464.91	Upgrade
Operating Cash Flow	2,312	1,944	-122.76	6.24	327.29	-258.66	Upgrade
Operating Cash Flow Growth	223.43%	-	-	-98.09%	-	-	Upgrade
Capital Expenditures	-1,680	-1,684	-	-46.28	-23.66	-35.53	Upgrade
Sale of Property, Plant & Equipment	-	-	84.84	-	-	-	Upgrade
Purchase / Sale of Intangible Assets	-141.98	-20.26	-21.29	-25.39	-23.86	-25.38	Upgrade
Investment in Securities	-	-	-20	-	-	-	Upgrade
Other Investing Activities	910.45	323.59	79.21	10.33	1.07	12	Upgrade
Investing Cash Flow	-911.15	-1,380	122.76	-61.34	-46.45	-48.91	Upgrade
Miscellaneous Cash Flow Adjustments	440.66	-	-	-0	-	-	Upgrade
Net Cash Flow	1,842	563.36	-	-55.1	280.84	-307.57	Upgrade
Free Cash Flow	632.8	260.04	-122.76	-40.04	303.63	-294.19	Upgrade
Free Cash Flow Margin	5.95%	3.03%	-2.44%	-1.37%	8.46%	-18.03%	Upgrade
Free Cash Flow Per Share	0.04	0.02	-0.01	-0.00	0.02	-0.02	Upgrade
Cash Income Tax Paid	-	6.46	0.03	10.13	25.32	24.13	Upgrade
Levered Free Cash Flow	-843.5	49.49	-1,360	609.77	1,200	-40.78	Upgrade
Unlevered Free Cash Flow	-843.5	49.49	-1,360	609.77	1,200	-40.78	Upgrade
Change in Net Working Capital	-880.96	-1,266	1,413	-483.42	-411.37	-84.79	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.