Shinkong Insurance Cash Flow Statement

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

Millions TWD. 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	3,879	3,309	2,914	2,004	2,254
Depreciation & Amortization	97.2	84.4	81.72	82.81	79.69
Other Amortization	16.53	13.26	22.15	23.84	26.96
Gain (Loss) on Sale of Assets	-16.33	-1.7	0.03	-5.78	-1.64
Gain (Loss) on Sale of Investments	-625.07	-186.93	-233.93	384.46	-949.25
Change in Accounts Receivable	-967.22	-19.36	-516.82	364.21	-99.17
Reinsurance Recoverable	154.28	-39.43	-372.45	53.57	-121.83
Change in Other Net Operating Assets	-486.94	-367	-1,035	-4,456	-708.96
Other Operating Activities	1,519	2,658	979.06	1,309	1,810
Operating Cash Flow	125.57	5,003	1,593	178.01	1,695
Operating Cash Flow Growth	-97.49%	214.10%	794.71%	-89.50%	-19.58%
Capital Expenditures	-102.41	-60.87	-74.08	-72.18	-54.67
Sale of Property, Plant & Equipment	117.86	1.72	-	0.87	4.38
Purchase / Sale of Intangible Assets	-3.72	-5.27	-2.76	-7.35	-8.04
Other Investing Activities	3.7	-	-	-	-
Investing Cash Flow	76.84	-64.42	-76.84	-64.28	-271.96
Total Debt Repaid	-13.5	-14.39	-16.13	-17.18	-16.16
Net Debt Issued (Repaid)	-13.5	-14.39	-16.13	-17.18	-16.16
Issuance of Common Stock	-	0.04	-	-	-
Common Dividends Paid	-2,259	-1,577	-802.55	-1,011	-616.13
Financing Cash Flow	-2,273	-1,591	-818.68	-1,028	-632.29
Net Cash Flow	-2,070	3,347	697.19	-914.52	790.89
Free Cash Flow	23.16	4,942	1,519	105.84	1,640
Free Cash Flow Growth	-99.53%	225.42%	1334.86%	-93.55%	-20.63%
Free Cash Flow Margin	0.11%	24.11%	7.64%	0.58%	8.83%
Free Cash Flow Per Share	0.07	15.64	4.81	0.34	5.19
Cash Interest Paid	0.24	0.21	0.19	0.1	0.11
Cash Income Tax Paid	733.22	635.89	395.06	508.2	324.15
Levered Free Cash Flow	968.74	3,373	1,282	3,498	628.25
Unlevered Free Cash Flow	969.31	3,373	1,282	3,498	628.25
Change in Working Capital	-4,684	-905.36	-2,199	-3,636	-1,564

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.