Atlas Insurance Cash Flow Statement

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	1,899	1,889	1,007	719.31	835.38	645.43
Depreciation & Amortization	107.14	93.25	69.71	57.74	45.66	43.49
Gain (Loss) on Sale of Assets	-1.68	-4	-0.43	-4.49	-0.26	-0.47
Gain (Loss) on Sale of Investments	-1,063	-898.61	-11.17	352.99	-4.55	-44.15
Change in Unearned Revenue	306.69	186.63	540.81	350.98	51.22	54.17
Change in Other Net Operating Assets	-409.79	325.36	-131.3	-137.98	553.23	214.32
Other Operating Activities	-1,152	-1,344	-885.09	-509.88	-420.09	-277.4
Operating Cash Flow	-314.32	247.81	589.7	828.68	1,061	635.4
Operating Cash Flow Growth	-	-57.98%	-28.84%	-21.87%	66.92%	18.82%
Capital Expenditures	-135.06	-199.07	-87.56	-77.59	-34.76	-21.95
Sale of Property, Plant & Equipment	20.51	37.54	16.48	15.27	5.26	6.96
Investment in Securities	941.55	-390.64	-743.81	-0.19	-501.23	-57.18
Other Investing Activities	988.42	1,146	818.23	454.37	374.4	232.57
Investing Cash Flow	1,815	593.99	3.34	391.86	-156.33	160.4
Total Debt Repaid	-56.42	-48.34	-42.6	-34.22	-24.08	-31.8
Net Debt Issued (Repaid)	-56.42	-48.34	-42.6	-34.22	-24.08	-31.8
Common Dividends Paid	-1,246	-807.08	-559.31	-607.15	-788.41	-531.43
Financing Cash Flow	-1,302	-855.42	-601.91	-641.37	-812.49	-563.23
Net Cash Flow	199.17	-13.62	-8.87	579.17	91.77	232.57
Free Cash Flow	-449.37	48.73	502.15	751.09	1,026	613.45
Free Cash Flow Growth	-	-90.30%	-33.14%	-26.78%	67.22%	24.07%
Free Cash Flow Margin	-8.12%	0.95%	15.15%	32.73%	46.17%	35.95%
Free Cash Flow Per Share	-3.01	0.33	3.36	5.03	6.87	4.11
Cash Income Tax Paid	1,338	1,000	634.37	367.65	367.16	260.92
Levered Free Cash Flow	904.82	2,336	1,630	971.46	1,573	1,210
Unlevered Free Cash Flow	915.41	2,343	1,638	977.25	1,577	1,216
Change in Working Capital	-103.1	511.99	409.52	213	604.45	268.49

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