Gjensidige Forsikring ASA Cash Flow Statement

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

Millions NOK. 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
Other Adjustments	-8,599	-8,055	-5,962	-10,371	-2,479
Changes in Receivables	64,595	55,974	48,171	46,493	45,069
Changes in Reinsurance Contract Assets	696.1	188.1	-437.8	-218.3	-
Changes in Accounts Payable	-6,093	-4,551	-4,887	-5,031	-3,797
Changes in Unearned Premiums	-12,184	-8,025	-5,597	-4,849	-10,643
Changes in Claims Reserves	-30,416	-29,955	-24,373	-22,093	-19,261
Changes in Income Taxes Payable	-1,800	-1,471	-1,998	-1,789	-1,933
Changes in Other Operating Activities	243.7	132.8	-50.8	119.6	71
Operating Cash Flow	6,426	4,232	4,860	2,262	7,027
Operating Cash Flow Growth	51.85%	-12.93%	114.83%	-67.81%	-4.59%
Capital Expenditures	-163.4	-419.7	-717.3	-565.1	-532.6
Purchases of Intangible Assets	-	-	-	5.2	-
Payments for Business Acquisitions	-557.1	-27.9	-311.6	3,313	-867
Investing Cash Flow	-720.5	-447.6	-1,029	2,753	-1,400
Short-Term Debt Issued	-	-	-	-	0.4
Net Short-Term Debt Issued (Repaid)	-	-	-	-	0.4
Long-Term Debt Issued	708.2	796.8	-	-	200
Net Long-Term Debt Issued (Repaid)	708.2	796.8	-	-	200
Repurchase of Common Stock	-26.9	-24.7	-20.7	-22.3	-23.4
Net Common Stock Issued (Repurchased)	-26.9	-24.7	-20.7	-22.3	-23.4
Common Dividends Paid	-5,000	-4,375	-4,125	-3,850	-6,900
Other Financing Activities	-666.3	603.6	65.5	-304.5	615.8
Financing Cash Flow	-4,985	-2,999	-4,080	-4,177	-6,107
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.1	-14.7	35.5	8.3	-33.5
Net Cash Flow	720.6	785	-248.8	838.8	-479.6
Free Cash Flow	6,262	3,812	4,143	1,697	6,494
Free Cash Flow Growth	64.28%	-7.99%	144.10%	-73.87%	-3.81%
FCF Margin	12.73%	8.68%	10.42%	5.33%	19.27%
Free Cash Flow Per Share	12.52	7.62	8.28	3.39	12.99
Levered Free Cash Flow	-12,036	-8,208	-9,557	-8,895	-9,494
Unlevered Free Cash Flow	-12,156	-8,207	-8,586	-9,882	-9,694

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.