Beazley plc (BZLYF)

Beazley Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	913.4	1,130	1,027	483.3	308.7
Depreciation & Amortization	-	28	30	42.2	28
Other Amortization	-	11.1	16.2	0.7	12.4
Gain (Loss) on Sale of Investments	-217.9	-227.3	-325.2	274.4	-45.8
Stock-Based Compensation	-	-	-	-	11
Change in Accounts Receivable	507	627.1	545.9	226.7	-950.1
Change in Insurance Reserves / Liabilities	-	-	-	-	1,901
Change in Other Net Operating Assets	-200.2	-294.9	-63.5	71.9	-
Other Operating Activities	312.5	-639.4	-837	-1,228	0.7
Operating Cash Flow	1,315	634.9	393.2	-129.1	1,170
Operating Cash Flow Growth	107.09%	61.47%	-	-	145.28%
Capital Expenditures	-13.4	-17.8	-4.3	-1	-4.5
Purchase / Sale of Intangible Assets	-53.5	-45	-50.9	-22.7	-17.7
Investment in Securities	-	-	-	-	-942
Other Investing Activities	-	-	-	-	70.6
Investing Cash Flow	-66.9	-62.8	-55.2	-23.7	-839.2
Total Debt Repaid	-8.4	-11.8	-8.9	-11.6	-12.8
Net Debt Issued (Repaid)	-8.4	-11.8	-8.9	-11.6	-12.8
Issuance of Common Stock	-	-	-	404.4	-
Repurchases of Common Stock	-536.7	-344	-33.6	-17.8	-
Common Dividends Paid	-211	-120.5	-107.7	-103	-
Other Financing Activities	-40.9	-39.3	-40.6	-36.3	-35.2
Financing Cash Flow	-797	-515.6	-190.8	235.7	-48
Foreign Exchange Rate Adjustments	35.5	13.3	12.6	-22.2	-
Net Cash Flow	486.4	69.8	159.8	60.7	282.3
Free Cash Flow	1,301	617.1	388.9	-130.1	1,165
Free Cash Flow Growth	110.89%	58.68%	-	-	151.13%
Free Cash Flow Margin	23.21%	10.44%	7.63%	-3.19%	35.39%
Free Cash Flow Per Share	2.06	0.93	0.57	-0.21	1.90
Cash Interest Paid	-	39.3	40.6	36.3	35.2
Cash Income Tax Paid	-	301.2	110.7	61.1	22.2
Levered Free Cash Flow	11,553	-713.13	-768.11	-8,724	284.05
Unlevered Free Cash Flow	11,578	-455.75	-505.8	-8,604	308.36
Change in Working Capital	306.8	332.2	482.4	298.6	857.8

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.