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	1,843	1,267	1,690	-2,239	801
Depreciation & Amortization	238	192	185	199	333
Stock-Based Compensation	74	61	61	58	24
Other Adjustments	-23,425	-11,222	-11,217	47,923	-7,896
Changes in Reinsurance Contract Assets	-1,068	-1,505	-424	1,338	-1,709
Changes in Deferred Acquisition Costs	-3	-41	70	49	-90
Changes in Income Taxes Payable	-138	-243	-68	-210	-304
Changes in Other Operating Activities	19,916	19,936	6,971	-31,235	9,061
Operating Cash Flow	-2,563	8,445	-2,732	15,883	-2,858
Capital Expenditures	-93	-50	-149	-16	-86
Sale of Property, Plant & Equipment	-	-	-	35	159
Purchases of Intangible Assets	-98	-123	-201	-83	-22
Payments for Business Acquisitions	-1,905	-760	-	-275	-
Proceeds from Business Divestments	16	1,095	-	-	23
Investing Cash Flow	-1,142	162	-350	-339	74
Long-Term Debt Issued	1,229	640	941	1,155	229
Long-Term Debt Repaid	-1,105	-1,400	-1,181	-1,554	-2,197
Net Long-Term Debt Issued (Repaid)	124	-760	-240	-399	-1,968
Issuance of Common Stock	1	-	8	17	6
Repurchase of Common Stock	-25	-353	-376	-411	-732
Net Common Stock Issued (Repurchased)	-24	-353	-368	-394	-726
Repurchase of Preferred Stock	-452	-	-	-	-
Net Preferred Stock Issued (Repurchased)	-452	-	-	-	-
Common Dividends Paid	-1,034	-921	-878	-4,578	-1,110
Preferred Share Dividends Paid	-266	-51	-51	-34	-17
Other Financing Activities	-385	-409	-283	-534	-581
Financing Cash Flow	-2,037	-2,494	-1,820	-5,939	-4,402
Effect of Exchange Rate Changes on Cash and Cash Equivalents	210	-212	-22	93	-196
Net Cash Flow	-5,532	5,901	-4,924	9,698	-7,382
Free Cash Flow	-2,656	8,395	-2,881	15,867	-2,944
FCF Margin	-4.42%	20.05%	-6.73%	-74.70%	-8.92%
Free Cash Flow Per Share	-0.92	3.09	-1.04	5.08	-0.75
Levered Free Cash Flow	19,900	18,212	7,430	-31,434	7,203
Unlevered Free Cash Flow	20,147	19,022	7,955	-107,796	35,924

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