Shinkong Insurance Cash Flow Statement

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

Millions TWD. 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	3,481	3,309	2,914	2,004	2,254	1,630
Depreciation & Amortization	89.61	80.57	81.72	82.81	79.69	75.27
Other Amortization	20.49	17.09	22.15	23.84	26.96	27.21
Gain (Loss) on Sale of Assets	-28.54	-1.7	0.03	-5.78	-1.64	0.29
Gain (Loss) on Sale of Investments	-554.66	-186.93	-233.93	384.46	-949.25	-646.71
Stock-Based Compensation	-	-	-	-	-	0.02
Change in Accounts Receivable	-508.53	-19.36	-516.82	364.21	-99.17	-13.02
Reinsurance Recoverable	585.03	-39.43	-372.45	53.57	-121.83	-83.54
Change in Other Net Operating Assets	-1,494	-367	-1,035	-4,456	-708.96	204.79
Other Operating Activities	1,984	2,658	979.06	1,309	1,810	989.75
Operating Cash Flow	3,134	5,003	1,593	178.01	1,695	2,108
Operating Cash Flow Growth	13.92%	214.10%	794.71%	-89.50%	-19.58%	127.80%
Capital Expenditures	-83.34	-60.87	-74.08	-72.18	-54.67	-40.78
Sale of Property, Plant & Equipment	8.76	1.72	-	0.87	4.38	1.49
Purchase / Sale of Intangible Assets	-4.14	-5.27	-2.76	-7.35	-8.04	-0.08
Investing Cash Flow	-26.28	-64.42	-76.84	-64.28	-271.96	-154.76
Total Debt Repaid	-14.12	-14.39	-16.13	-17.18	-16.16	-15.96
Net Debt Issued (Repaid)	-14.12	-14.39	-16.13	-17.18	-16.16	-15.96
Issuance of Common Stock	0.04	0.04	-	-	-	1.53
Repurchases of Common Stock	-	-	-	-	-	-1.53
Common Dividends Paid	-2,259	-1,577	-802.55	-1,011	-616.13	-568.73
Financing Cash Flow	-2,273	-1,591	-818.68	-1,028	-632.29	-584.69
Net Cash Flow	834.63	3,347	697.19	-914.52	790.89	1,368
Free Cash Flow	3,051	4,942	1,519	105.84	1,640	2,067
Free Cash Flow Growth	14.44%	225.42%	1334.86%	-93.55%	-20.63%	163.02%
Free Cash Flow Margin	14.16%	24.07%	7.64%	0.58%	8.83%	12.35%
Free Cash Flow Per Share	9.65	15.64	4.81	0.34	5.19	6.54
Cash Interest Paid	0.23	0.21	0.19	0.1	0.11	0.14
Cash Income Tax Paid	729.64	635.89	395.06	508.2	324.15	331.95
Levered Free Cash Flow	3,550	2,476	1,282	3,498	628.25	260.97
Unlevered Free Cash Flow	3,551	2,476	1,282	3,498	628.25	260.97
Change in Working Capital	-1,793	-905.36	-2,199	-3,636	-1,564	27.4

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.