Saudi Reinsurance Company Cash Flow Statement

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

Millions SAR. 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	140.04	474.81	124.43	76.05	38.31
Depreciation & Amortization	1.78	1.87	2	2.82	2.61
Other Amortization	1.46	1.47	0.72	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-0.04
Gain (Loss) on Sale of Investments	-24.03	-381.89	-4.85	24.78	-15.53
Stock-Based Compensation	11.12	-	-	-	-
Change in Accounts Receivable	-	-	-	-	-86.21
Reinsurance Recoverable	-307.84	-202.64	-223.14	-5.94	84.83
Change in Accounts Payable	-	-	-	-	12.07
Change in Unearned Revenue	-	-	-	-	101.67
Change in Insurance Reserves / Liabilities	-	-	-	-	142.7
Change in Other Net Operating Assets	-107.64	-15.52	-188.61	-27.24	213.17
Other Operating Activities	-76.67	-76.6	-33.13	-33.62	-11.43
Operating Cash Flow	259.42	184.89	-5.89	72.93	411.68
Operating Cash Flow Growth	40.31%	-	-	-82.28%	2644.10%
Capital Expenditures	-2.25	-1.92	-3.47	-2.05	-6.14
Sale of Property, Plant & Equipment	-	-	-	-	0.04
Investment in Securities	-746.52	-264.13	14.14	-101.77	-439.89
Other Investing Activities	100.27	65.71	50.45	34.7	15.72
Investing Cash Flow	-648.49	-200.34	61.12	-69.11	-430.27
Long-Term Debt Issued	-	-	-	-	33.68
Net Debt Issued (Repaid)	-	-	-	-	33.68
Issuance of Common Stock	427.68	-	-	-	-
Other Financing Activities	-10.62	-1.8	-1.68	-1.21	-0.43
Financing Cash Flow	417.06	-1.8	-1.68	-1.21	33.25
Net Cash Flow	27.98	-17.25	53.56	2.61	14.65
Free Cash Flow	257.17	182.97	-9.36	70.89	405.53
Free Cash Flow Growth	40.55%	-	-	-82.52%	3115.81%
Free Cash Flow Margin	14.80%	11.94%	-1.43%	10.01%	44.02%
Free Cash Flow Per Share	1.54	1.42	-0.07	0.55	3.15
Levered Free Cash Flow	-438.83	651.61	-166.55	197.94	136.53
Unlevered Free Cash Flow	-438.83	651.61	-166.55	197.94	136.53
Change in Working Capital	205.35	168.93	-55.09	34.67	416.26

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