Swiss Life Holding AG Cash Flow Statement

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

Millions CHF. 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	1,234	1,224	1,094	1,182	1,247
Depreciation & Amortization	77	73	71	91	81
Other Amortization	17	13	12	11	385
Change in Other Net Operating Assets	-600	431	2,371	277	-1,574
Other Operating Activities	1,266	-2,007	-2,564	1,805	3,280
Operating Cash Flow	1,704	186	881	986	296
Operating Cash Flow Growth	816.13%	-78.89%	-10.65%	233.11%	-36.21%
Capital Expenditures	-86	-110	-89	-60	-72
Sale of Property, Plant & Equipment	17	1	26	5	1
Purchase / Sale of Intangible Assets	-21	-20	-20	-23	-17
Cash Acquisitions	-15	-13	-53	6	-143
Investment in Securities	-35	-323	-10	49	39
Other Investing Activities	-	-	-2	-1	-
Investing Cash Flow	-140	-465	-111	29	-192
Long-Term Debt Issued	1,293	1,669	1,218	878	894
Total Debt Repaid	-992	-640	-1,308	-507	-688
Net Debt Issued (Repaid)	301	1,029	-90	371	206
Repurchases of Common Stock	-525	-639	-442	-726	-425
Common Dividends Paid	-995	-958	-890	-777	-654
Other Financing Activities	-24	-12	-8	-3	239
Financing Cash Flow	-1,243	-580	-1,430	-1,135	-634
Foreign Exchange Rate Adjustments	-110	27	-361	-179	-127
Miscellaneous Cash Flow Adjustments	-	-	-	1	-
Net Cash Flow	211	-832	-1,021	-298	-657
Free Cash Flow	1,618	76	792	926	224
Free Cash Flow Growth	2028.95%	-90.40%	-14.47%	313.39%	-48.62%
Free Cash Flow Margin	13.82%	0.63%	7.11%	8.70%	1.02%
Free Cash Flow Per Share	57.15	2.65	27.07	30.52	7.17
Cash Interest Paid	324	412	387	216	202
Cash Income Tax Paid	388	347	326	260	323
Levered Free Cash Flow	764.75	-3,489	-32,641	12,197	-3,334
Unlevered Free Cash Flow	872.88	-3,328	-32,463	12,326	-3,151
Change in Working Capital	-890	883	2,268	-2,103	-4,697

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.