Wesure Global Tech Cash Flow Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	171.51	91.3	38.9	19.56	5.22	2.23
Depreciation & Amortization	39.49	25.18	23.28	42.38	4.73	3.89
Other Amortization	67.74	67.74	58.72	-	-	-
Gain (Loss) on Sale of Investments	-1,242	-677.74	-535.61	51.12	-14.65	-2.06
Change in Accounts Receivable	213.87	-44.8	-101.05	-27.67	-1.95	-6.18
Reinsurance Recoverable	31.64	-23.73	-223.17	-285.88	-161.01	-139.79
Change in Income Taxes	85.5	85.5	38.86	9.77	5.69	2.32
Change in Insurance Reserves / Liabilities	1,877	1,183	874.2	326.65	211.6	184.08
Change in Other Net Operating Assets	-1,226	-771.78	-321.04	-80.4	-76.32	-2.23
Other Operating Activities	407.94	351.15	213.23	107.35	3.99	3.37
Operating Cash Flow	293.81	168.6	-45.39	-54.05	-30.13	38.26
Capital Expenditures	-9.52	-12.7	-5.92	-4.87	-0.65	-0.93
Purchase / Sale of Intangible Assets	-128.01	-120.71	-103.97	-71.92	-6.39	-2.35
Cash Acquisitions	1.06	-	-	379.76	-	-
Investment in Securities	0.04	-0.15	-5.4	79.86	-1.31	-
Other Investing Activities	4.22	4.43	2.13	-	-	-
Investing Cash Flow	-132.2	-129.12	-113.15	382.83	-8.35	-3.28
Long-Term Debt Issued	-	20	-	389.3	10	10
Total Debt Repaid	-341.16	-31.16	-22.95	-228.38	-1.34	-0.85
Net Debt Issued (Repaid)	59.33	-11.16	-22.95	160.92	8.67	9.15
Issuance of Common Stock	70.39	75.49	0.05	296.03	88.29	-
Other Financing Activities	168.52	-32.58	-	6.85	-	-
Financing Cash Flow	258.23	31.76	-22.9	463.8	96.95	9.15
Net Cash Flow	419.84	71.24	-181.43	792.57	58.47	44.13
Free Cash Flow	284.29	155.9	-51.3	-58.92	-30.78	37.33
Free Cash Flow Margin	5.97%	3.60%	-1.44%	-4.75%	-25.52%	51.74%
Free Cash Flow Per Share	2.19	1.36	-0.46	-0.66	-0.48	0.73
Cash Interest Paid	54.65	59.81	51.55	12.92	0.79	0.04
Cash Income Tax Paid	110.8	44.09	-35.56	30.29	0.06	-0.48
Levered Free Cash Flow	-460.02	237.9	78.02	-2,987	-39.76	-92.44
Unlevered Free Cash Flow	-416.8	282.1	119.17	-2,967	-38.82	-92.04
Change in Working Capital	892.01	337.43	153.62	-228.59	-29.43	30.83

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