Aviva Cash Flow Statement

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

Millions GBP. 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	924	683	1,085	-1,051	1,966
Depreciation & Amortization	198	123	118	111	219
Other Amortization	95	121	126	156	114
Gain (Loss) on Sale of Assets	-	-191	10	8	10
Gain (Loss) on Sale of Investments	-24,451	-11,555	-11,917	47,086	-7,510
Stock-Based Compensation	74	61	61	58	24
Reinsurance Recoverable	-1,068	-1,505	-424	1,338	-1,709
Change in Insurance Reserves / Liabilities	32,443	22,503	22,222	-36,754	16,333
Change in Other Net Operating Assets	-5	3,038	-854	-5,948	-3,701
Other Operating Activities	-10,573	-4,714	-13,682	9,714	-7,338
Operating Cash Flow	-2,563	8,445	-2,732	15,883	220
Operating Cash Flow Growth	-	-	-	7119.54%	-
Capital Expenditures	-93	-50	-149	-16	-86
Sale of Property, Plant & Equipment	-	-	-	35	159
Purchase / Sale of Intangible Assets	-98	-123	-201	-83	-22
Cash Acquisitions	-967	-760	-	-275	-
Investing Cash Flow	-1,142	162	-350	-339	74
Long-Term Debt Issued	733	640	941	659	229
Total Debt Repaid	-1,165	-1,460	-1,243	-1,617	-2,268
Net Debt Issued (Repaid)	-432	-820	-302	-958	-2,039
Issuance of Common Stock	497	-	8	513	6
Repurchases of Common Stock	-25	-353	-376	-4,161	-732
Repurchases of Preferred Stock	-452	-	-	-	-
Common Dividends Paid	-1,088	-955	-912	-845	-1,110
Preferred Dividends Paid	-9	-17	-17	-17	-17
Total Dividends Paid	-1,097	-972	-929	-862	-1,127
Other Financing Activities	-528	-349	-221	-471	-510
Financing Cash Flow	-2,037	-2,494	-1,820	-5,939	-4,402
Foreign Exchange Rate Adjustments	210	-212	-22	93	-196
Net Cash Flow	-5,532	5,901	-4,924	9,698	-4,304
Free Cash Flow	-2,656	8,395	-2,881	15,867	134
Free Cash Flow Growth	-	-	-	11741.05%	-
Free Cash Flow Margin	-9.26%	36.92%	-13.35%	97.88%	0.80%
Free Cash Flow Per Share	-0.92	3.09	-1.04	5.08	0.04
Cash Interest Paid	305	328	206	450	489
Cash Income Tax Paid	138	243	68	210	304
Levered Free Cash Flow	-910.25	1,823	2,247	8,908	3,065
Unlevered Free Cash Flow	-689.63	2,056	2,482	9,138	3,332
Change in Working Capital	31,367	23,995	21,014	-41,315	10,833

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