Central Reinsurance Corporation (TPE:2851)

Central Reinsurance Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	2,933	2,515	2,090	253.27	2,065
Depreciation & Amortization	30.99	26.62	27.45	21.65	12.65
Gain (Loss) on Sale of Assets	-31.65	-	-	-	-
Gain (Loss) on Sale of Investments	-676.76	573.83	-727.65	624.98	159.41
Change in Accounts Receivable	-973.71	34.49	-253.52	-99.49	164.61
Reinsurance Recoverable	505.32	573.4	-456.75	460.76	-1,082
Change in Other Net Operating Assets	-1,636	-4,252	-2,686	872.83	-2,761
Other Operating Activities	2,743	610.68	1,770	-1,182	3,226
Operating Cash Flow	2,360	-1,731	-7,332	2,125	3,174
Operating Cash Flow Growth	-	-	-	-33.05%	6.31%
Capital Expenditures	-14.5	-3.03	-23.27	-14.58	-8.98
Sale of Property, Plant & Equipment	38.11	-	-	-	-
Purchase / Sale of Intangible Assets	-25	-15.52	-10.27	-18.58	-6.07
Investing Cash Flow	-1.39	-19.46	-33.83	-33.64	-15.4
Total Debt Repaid	-0.36	-0.47	-0.54	-0.44	-0.4
Net Debt Issued (Repaid)	-0.36	-0.47	-0.54	-0.44	-0.4
Issuance of Common Stock	-	-	-	3,318	-
Common Dividends Paid	-1,521	-1,121	-	-1,063	-767.51
Financing Cash Flow	-1,521	-1,121	-0.54	2,255	-767.91
Foreign Exchange Rate Adjustments	-51.26	82.55	3.37	221.63	-106.42
Net Cash Flow	785.92	-2,789	-7,363	4,568	2,284
Free Cash Flow	2,345	-1,735	-7,355	2,110	3,165
Free Cash Flow Growth	-	-	-	-33.32%	6.29%
Free Cash Flow Margin	9.83%	-8.04%	-33.48%	10.67%	15.22%
Free Cash Flow Per Share	2.93	-2.17	-9.19	3.42	5.36
Cash Interest Paid	0.01	0.02	0.03	0.02	0.02
Cash Income Tax Paid	300.63	53.49	39.2	294.43	286.63
Levered Free Cash Flow	-412.79	605.08	-5,914	3,514	2,789
Unlevered Free Cash Flow	-412.78	605.09	-5,914	3,514	2,789
Change in Working Capital	-2,626	-5,461	-10,596	2,408	-2,291

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