Libra Insurance Company Cash Flow Statement

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

Millions ILS. 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	85.24	50.99	9.16	-3.81	3.27
Depreciation & Amortization	2.14	1.62	1.21	1.37	1.09
Other Amortization	2.79	2.46	2.1	1.38	1.51
Gain (Loss) on Sale of Investments	-45.5	-33.31	-4.31	1.54	-0.29
Change in Accounts Receivable	-	-	-60.8	-43.46	-25.98
Reinsurance Recoverable	14.46	8.91	-	-	-
Change in Other Net Operating Assets	-165.36	-117.22	-35.54	-20.2	20.38
Other Operating Activities	50.37	37.35	144.71	49.84	38.56
Operating Cash Flow	-55.85	-49.2	56.53	-13.35	38.53
Operating Cash Flow Growth	-	-	-	-	404.61%
Capital Expenditures	-0.13	-0.45	-0.17	-0.2	-0.47
Purchase / Sale of Intangible Assets	-3.7	-3.67	-5.79	-3.87	-2.16
Investing Cash Flow	-3.84	-4.11	-5.96	-4.07	-2.63
Long-Term Debt Issued	-	30	20	-	-
Total Debt Repaid	-2.06	-1.55	-1.11	-0.99	-0.75
Net Debt Issued (Repaid)	-2.06	28.45	18.89	-0.99	-0.75
Issuance of Common Stock	-	-	-	0.18	24.38
Common Dividends Paid	-10	-10	-	-	-
Financing Cash Flow	-12.06	18.45	18.89	-0.81	23.64
Net Cash Flow	-71.75	-34.87	69.46	-18.23	59.54
Free Cash Flow	-55.99	-49.65	56.36	-13.54	38.06
Free Cash Flow Growth	-	-	-	-	408.20%
Free Cash Flow Margin	-5.13%	-5.36%	18.77%	-7.99%	31.19%
Free Cash Flow Per Share	-1.24	-1.10	1.25	-0.30	0.86
Cash Interest Paid	0.97	0.01	1.21	-	-
Cash Income Tax Paid	12.48	0.31	1.45	0.89	0.58
Levered Free Cash Flow	-160.67	-586.25	51.15	-22.41	33.2
Unlevered Free Cash Flow	-158.12	-584.53	52.3	-22.14	33.29
Change in Working Capital	-150.89	-108.31	-96.34	-63.67	-5.6

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