Assicurazioni Generali Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	3,824	3,724	3,747	2,235	2,847	1,744
Depreciation & Amortization	525	492	298	464	777	832
Gain (Loss) on Sale of Investments	-4,397	-11,207	-9,402	20,928	-	-
Change in Accounts Receivable	-	-	-	-	398	1,012
Reinsurance Recoverable	230	54	-1,070	800	-	-
Change in Insurance Reserves / Liabilities	7,207	4,137	-5,435	4,420	-	-
Change in Other Net Operating Assets	1,349	1,775	-1,042	-2,534	-3,229	945
Other Operating Activities	9,860	16,220	14,592	-15,972	17,004	15,004
Operating Cash Flow	18,838	15,383	1,732	10,341	17,480	19,343
Operating Cash Flow Growth	243.45%	788.16%	-83.25%	-40.84%	-9.63%	-4.90%
Capital Expenditures	-507	-378	-177	-917	-	-335
Sale of Property, Plant & Equipment	-	-	-	-	334	-
Cash Acquisitions	-181	-2,125	-	-1,192	-1,100	-812
Investment in Securities	-10,348	-11,137	9,701	-1,157	-10,886	-9,221
Other Investing Activities	-6,842	-768	-8,396	-5,494	-6,917	-6,549
Investing Cash Flow	-17,365	-13,817	2,283	-9,016	-16,295	-15,981
Long-Term Debt Issued	-	2,408	572	341	1,894	-
Total Debt Repaid	-	-	-2,393	-356	-	-1,159
Net Debt Issued (Repaid)	2,619	2,408	-1,821	-15	1,894	-1,159
Repurchases of Common Stock	-921	-764	-191	-500	-	-73
Common Dividends Paid	-2,172	-1,986	-1,793	-1,909	-2,310	-783
Other Financing Activities	1	-	1	1	-261	-250
Financing Cash Flow	-473	-342	-3,804	-2,423	-677	-2,265
Foreign Exchange Rate Adjustments	-51	21	-28	47	49	-59
Miscellaneous Cash Flow Adjustments	-	-	-	-1	-1	1
Net Cash Flow	949	1,245	183	-1,052	556	1,039
Free Cash Flow	18,331	15,005	1,555	9,424	17,480	19,008
Free Cash Flow Growth	248.70%	864.95%	-83.50%	-46.09%	-8.04%	-3.82%
Free Cash Flow Margin	32.28%	27.13%	3.10%	18.57%	18.27%	23.46%
Free Cash Flow Per Share	12.02	9.75	1.00	6.00	11.00	11.92
Cash Interest Paid	1,798	2,046	1,653	1,435	-	-
Cash Income Tax Paid	598	1,003	806	1,698	1,176	1,366
Levered Free Cash Flow	5,084	4,457	3,269	-29,625	8,012	4,280
Unlevered Free Cash Flow	5,728	5,175	3,765	-29,245	8,472	4,803
Change in Working Capital	8,786	5,966	-7,547	2,686	-2,831	1,957

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.