Swiss Re AG (SSREF)

Swiss Re AG Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	3,749	3,241	3,111	472	1,437	-878
Depreciation & Amortization	137	106	112	79	63	67
Other Amortization	-	-	-	6,576	6,829	6,673
Gain (Loss) on Sale of Investments	-420	-229	-161	67	-578	972
Reinsurance Recoverable	-	-	-	-143	-474	214
Change in Income Taxes	335	270	261	-248	136	-630
Change in Insurance Reserves / Liabilities	-	-	-	3,263	4,251	4,736
Change in Other Net Operating Assets	114	10	869	-1,175	-764	134
Other Operating Activities	-516	-434	-176	-6,230	-6,226	-6,123
Operating Cash Flow	3,622	3,130	4,214	2,927	4,104	5,394
Operating Cash Flow Growth	-11.09%	-25.72%	43.97%	-28.68%	-23.91%	22.68%
Cash Acquisitions	-	-	-42	-	-42	-2,535
Investment in Securities	-1,644	-407	-329	-2,360	-2,095	-5,186
Investing Cash Flow	-1,640	-407	-371	-2,338	-2,137	-7,721
Long-Term Debt Issued	-	747	-	1,449	-	1,071
Total Debt Repaid	-933	-1,429	-1,691	-806	-153	-190
Net Debt Issued (Repaid)	951	-682	-1,691	643	-153	881
Issuance of Common Stock	434	467	859	-	-	-
Repurchases of Common Stock	-631	-631	-637	-6	-37	-199
Common Dividends Paid	-2,167	-1,978	-1,850	-1,825	-1,855	-1,765
Other Financing Activities	-73	-146	-27	-1	-	-
Financing Cash Flow	-1,486	-2,970	-3,346	-1,237	-2,100	-2,498
Foreign Exchange Rate Adjustments	15	-144	5	-326	-286	4
Miscellaneous Cash Flow Adjustments	-134	-31	-	-	-	2,729
Net Cash Flow	377	-422	502	-974	-419	-2,092
Cash Interest Paid	533	529	612	557	551	556
Cash Income Tax Paid	557	625	524	419	258	364
Levered Free Cash Flow	227.5	5,073	-80,473	9,250	20,081	11,606
Unlevered Free Cash Flow	481.88	5,318	-80,229	9,610	20,440	11,978
Change in Working Capital	689	503	1,352	1,697	3,149	4,454

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