Atlas Insurance Cash Flow Statement

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,077	1,889	1,007	719.31	835.38
Depreciation & Amortization	115.63	93.25	69.71	57.74	45.66
Gain (Loss) on Sale of Assets	-0.63	-4	-0.43	-4.49	-0.26
Gain (Loss) on Sale of Investments	-1,107	-898.61	-11.17	352.99	-4.55
Change in Unearned Revenue	232.68	186.63	540.81	350.98	51.22
Change in Other Net Operating Assets	-413.3	325.36	-131.3	-137.98	553.23
Other Operating Activities	-1,160	-1,344	-885.09	-509.88	-420.09
Operating Cash Flow	-255.98	247.81	589.7	828.68	1,061
Operating Cash Flow Growth	-	-57.98%	-28.84%	-21.87%	66.92%
Capital Expenditures	-157.3	-199.07	-87.56	-77.59	-34.76
Sale of Property, Plant & Equipment	13.79	37.54	16.48	15.27	5.26
Investment in Securities	392.09	-390.64	-743.81	-0.19	-501.23
Other Investing Activities	956.65	1,146	818.23	454.37	374.4
Investing Cash Flow	1,205	593.99	3.34	391.86	-156.33
Total Debt Repaid	-55.97	-48.34	-42.6	-34.22	-24.08
Net Debt Issued (Repaid)	-55.97	-48.34	-42.6	-34.22	-24.08
Common Dividends Paid	-1,245	-807.08	-559.31	-607.15	-788.41
Financing Cash Flow	-1,301	-855.42	-601.91	-641.37	-812.49
Net Cash Flow	-351.89	-13.62	-8.87	579.17	91.77
Free Cash Flow	-413.29	48.73	502.15	751.09	1,026
Free Cash Flow Growth	-	-90.30%	-33.14%	-26.78%	67.22%
Free Cash Flow Margin	-7.17%	0.95%	15.15%	32.73%	46.17%
Free Cash Flow Per Share	-2.77	0.33	3.36	5.03	6.87
Cash Income Tax Paid	1,248	1,000	634.37	367.65	367.16
Levered Free Cash Flow	370.3	2,336	1,630	971.46	1,573
Unlevered Free Cash Flow	382.96	2,343	1,638	977.25	1,577
Change in Working Capital	-180.62	511.99	409.52	213	604.45

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