Swiss Re AG Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	3,746	3,238	3,141	472	1,437	-878
Depreciation & Amortization	-376	-325	-94	425	666	617
Other Adjustments	-437	-286	-185	333	-1,148	1,201
Changes in Reinsurance Contract Assets	-372	485	691	-1,162	-874	607
Changes in Claims Reserves	510	-14	603	3,263	4,251	4,736
Changes in Income Taxes Payable	335	270	261	-248	136	-630
Changes in Other Operating Activities	1,570	-429	-1,035	37	129	-1,846
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%
Purchases of Investments	-66,238	-58,193	-66,619	-33,663	-54,945	-53,961
Proceeds from Sale of Investments	63,218	58,300	67,797	31,996	46,501	59,417
Payments for Business Acquisitions	-	-	-42	-	-	-
Proceeds from Business Divestments	4	-	-	-	-	-
Other Investing Activities	22	-323	-675	-864	5,814	-11,590
Investing Cash Flow	-1,640	-407	-371	-2,338	-2,137	-7,721
Short-Term Debt Issued	-	-	-	-806	-102	-190
Net Short-Term Debt Issued (Repaid)	-	-	-	-806	-102	-190
Long-Term Debt Issued	1,884	1,480	-	1,449	-51	1,071
Long-Term Debt Repaid	-858	-1,355	-1,616	-	-	-
Net Long-Term Debt Issued (Repaid)	1,026	125	-1,616	1,449	-51	1,071
Issuance of Common Stock	434	467	126	-6	-37	-199
Net Common Stock Issued (Repurchased)	434	467	126	-6	-37	-199
Common Dividends Paid	-2,167	-1,978	-1,850	-1,825	-1,855	-1,765
Other Financing Activities	-74	-851	-739	-49	-55	-1,415
Financing Cash Flow	-1,486	-2,970	-3,346	-1,237	-2,100	-2,498
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-150	-175	5	-326	-286	4
Net Cash Flow	511	-391	502	-974	-419	-4,821
Free Cash Flow	3,622	3,130	4,214	2,927	4,104	5,394
Free Cash Flow Growth	15.72%	-25.72%	43.97%	-28.68%	-23.91%	22.68%
FCF Margin	7.72%	6.52%	9.29%	6.36%	8.78%	12.45%
Free Cash Flow Per Share	12.26	10.60	14.20	9.66	13.52	-
Levered Free Cash Flow	5,932	3,367	1,318	167	1,341	-1,249
Unlevered Free Cash Flow	5,282	3,599	3,332	-47.72	1,942	-1,631

Updated Jun 30, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.