KCLI Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-15.35	-20.76	-9.57	42.37	-16.22	10.7
Depreciation & Amortization	4.01	3.96	4.23	6.01	6.59	7.97
Other Amortization	35.46	35.27	37.25	44.39	40.59	33.22
Gain (Loss) on Sale of Assets	-	-	-	-	-	-5.5
Gain (Loss) on Sale of Investments	-4.44	-3.14	1.94	-60.1	19.48	-23.75
Reinsurance Recoverable	-17.51	-26.36	6.6	-21.22	-2.37	-8.51
Change in Income Taxes	-16.63	-13.97	-21.97	1.39	-7.3	-4.98
Change in Insurance Reserves / Liabilities	-55.08	-65.53	-65.15	-47.17	-68.05	-18.23
Change in Other Net Operating Assets	-20.8	-14.95	10.28	7.55	-0.44	1.01
Other Operating Activities	-25.04	-25.08	-21.97	-23.76	-26.61	-38.24
Operating Cash Flow	-115.37	-130.55	-58.37	-50.54	-54.33	-46.32
Capital Expenditures	-0.21	-0.26	-1.31	-0.92	-0.54	-0.63
Sale of Property, Plant & Equipment	0.23	0.22	-	0.02	0.03	0.07
Investment in Securities	33.89	23.29	-27.38	-105.97	-90.23	-79.21
Investing Cash Flow	40.83	45.03	-13.01	-2.6	-89.18	-7.86
Common Dividends Paid	-5.81	-5.42	-5.42	-5.42	-6.68	-10.46
Other Financing Activities	50.69	55.78	50.49	68.45	47.42	9.96
Financing Cash Flow	75.48	85.85	69.78	55.07	145.86	52.4
Net Cash Flow	0.94	0.33	-1.59	1.93	2.35	-1.78
Free Cash Flow	-115.58	-130.81	-59.68	-51.45	-54.87	-46.95
Free Cash Flow Margin	-23.82%	-26.95%	-12.16%	-9.21%	-11.51%	-9.18%
Free Cash Flow Per Share	-11.94	-13.51	-6.16	-5.31	-5.67	-4.85
Cash Income Tax Paid	5.06	5.02	19.38	9.52	2.77	7.27
Levered Free Cash Flow	68.59	-24.11	123.27	108.17	-447.67	85.79
Unlevered Free Cash Flow	68.59	-24.11	123.27	108.17	-447.67	85.79
Change in Working Capital	-110.02	-120.81	-70.24	-59.45	-78.17	-30.72

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