FRFHF Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,875	4,382	3,374	3,401
Depreciation & Amortization	519.6	482.4	404.6	502.3
Other Amortization	138.7	277.4	134.9	342.8
Gain (Loss) on Sale of Assets	-	-549.8	-1,220	-454.3
Gain (Loss) on Sale of Investments	-463.3	-2,117	1,586	-2,627
Stock-Based Compensation	164.9	147	146.1	104.1
Change in Accounts Receivable	144.2	-282.4	-1.6	-1,153
Reinsurance Recoverable	17.2	-723	45.7	-1,580
Change in Accounts Payable	312.5	541.2	326.1	291.1
Change in Unearned Revenue	-	-	-	2,152
Change in Insurance Reserves / Liabilities	2,115	3,985	723.8	4,604
Change in Other Net Operating Assets	-1,182	-444.1	-291.5	-1,327
Other Operating Activities	-786.9	-4,851	-8,764	2,702
Operating Cash Flow	3,994	-39.4	-4,420	6,641
Operating Cash Flow Growth	-	-	-	4650.36%
Capital Expenditures	-408.8	-514.1	-418.9	-353.9
Cash Acquisitions	-1,421	240.8	-229.9	1,260
Investment in Securities	472.3	183.3	-170.6	633.8
Investing Cash Flow	-1,323	92	384.8	1,839
Long-Term Debt Issued	3,812	622.5	1,095	1,749
Total Debt Repaid	-2,129	-580.1	-268	-2,801
Net Debt Issued (Repaid)	1,683	42.4	826.5	-1,051
Repurchases of Common Stock	-1,829	-363.2	-347.8	-1,191
Repurchases of Preferred Stock	-173.8	-	-	-
Common Dividends Paid	-363.1	-245.2	-249.9	-272.1
Preferred Dividends Paid	-48.6	-49.7	-45.2	-44.5
Total Dividends Paid	-411.7	-294.9	-295.1	-316.6
Other Financing Activities	-832.4	-451.4	-1,478	1,369
Financing Cash Flow	-1,564	-1,067	-1,295	-1,189
Foreign Exchange Rate Adjustments	-116.2	16.3	-236.1	-72
Net Cash Flow	991.1	-998.2	-5,566	7,218
Free Cash Flow	3,585	-553.5	-4,839	6,287
Free Cash Flow Margin	10.30%	-1.74%	-17.40%	23.99%
Free Cash Flow Per Share	148.37	-22.14	-190.95	228.98
Cash Interest Paid	566.1	482.9	408.6	421.5
Cash Income Tax Paid	1,006	713.9	416.4	288.7
Levered Free Cash Flow	3,977	3,450	-11,821	4,636
Unlevered Free Cash Flow	4,382	3,768	-11,538	4,957
Change in Working Capital	1,407	3,076	802.5	2,987

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