Protector 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	-2,509	-1,395	-2,214	-1,310	-14
Changes in Reinsurance Contract Assets	-657	-821	-31	-46.7	-351.84
Changes in Claims Reserves	-8,447	-7,285	-6,462	-4,535	-3,935
Changes in Income Taxes Payable	-907	-608	-363	-320.6	-173.89
Changes in Other Operating Activities	12,425	11,402	9,098	6,091	5,444
Operating Cash Flow	-95	1,294	28	-121.4	969.95
Operating Cash Flow Growth	-	4521.43%	-	-	-
Capital Expenditures	-106	-72	-72	-43.8	-52.82
Investing Cash Flow	-106	-72	-72	-43.8	-52.82
Long-Term Debt Issued	1,643	-	847	-140	350.63
Long-Term Debt Repaid	-500	-	-	-	-439
Net Long-Term Debt Issued (Repaid)	1,143	-	847	-140	-88.37
Common Dividends Paid	-989	-742	-824	-947.3	-659.54
Other Financing Activities	-208	-166	-95	-66.6	-61.62
Financing Cash Flow	-55	-908	-272	-1,154	-809.52
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1	31	68	-7.9	-12.53
Net Cash Flow	-255	314	-316	-1,319	107.61
Free Cash Flow	-201	1,222	-44	-165.2	917.13
FCF Margin	-1.27%	9.45%	-0.41%	-2.32%	15.62%
Free Cash Flow Per Share	-	14.82	-0.53	-2.01	11.14
Levered Free Cash Flow	14,511	11,440	11,003	6,929	6,009
Unlevered Free Cash Flow	13,645	11,635	10,423	6,547	1,815

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