Ayalon Insurance Company Ltd (TLV:AYAL)

Ayalon Insurance Company Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	144.13	73.04	175.71	-114.09	-64.28
Depreciation & Amortization	95.65	27.23	27.49	67.54	58.25
Other Amortization	-	52.27	48.42	-	-
Gain (Loss) on Sale of Investments	-688.5	-525	234.36	-779.94	-211.76
Change in Accounts Receivable	-44.8	-95.79	-60.6	-18.7	18
Reinsurance Recoverable	-16.16	27.53	205.52	-266.14	-531.58
Change in Insurance Reserves / Liabilities	1,169	521.52	-607.01	1,421	866.25
Change in Other Net Operating Assets	-719.12	-265.12	120.27	-720.99	-36.5
Other Operating Activities	384.43	205.02	225.97	237.62	150.41
Operating Cash Flow	208.64	-65.06	335.35	-306.02	359.34
Capital Expenditures	-12.62	-4.99	-6.07	-10.69	-11.47
Purchase / Sale of Intangible Assets	-114.69	-95.96	-101.48	-72.5	-76.78
Investment in Securities	4.43	-5.4	100.3	-3.69	-15.54
Other Investing Activities	-	2.13	1.81	4.33	1.59
Investing Cash Flow	-122.87	-104.22	-5.44	-82.55	-102.19
Long-Term Debt Issued	20	-	184.77	156.46	175
Total Debt Repaid	-9.6	-8.97	-251.2	-13	-189.84
Net Debt Issued (Repaid)	10.4	-8.97	-66.42	143.46	-14.84
Common Dividends Paid	-60	-	-	-	-
Other Financing Activities	-	-	-	0.46	-
Financing Cash Flow	-49.6	-8.97	-66.42	143.92	-14.84
Net Cash Flow	36.17	-178.25	263.49	-244.65	242.31
Free Cash Flow	196.02	-70.05	329.29	-316.71	347.88
Free Cash Flow Margin	4.49%	-2.04%	14.89%	-10.34%	14.13%
Free Cash Flow Per Share	7.74	-3.25	18.09	-17.40	19.12
Cash Interest Paid	-	43.57	30.77	24.86	21.23
Cash Income Tax Paid	-	-37.07	1.66	-23.13	-1.31
Levered Free Cash Flow	3,243	-190.43	976.83	-1,709	-500.48
Unlevered Free Cash Flow	3,286	-154.46	999.71	-1,683	-473.9
Change in Net Working Capital	-3,136	242.84	-911.28	1,561	420.74

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.