Central Reinsurance 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	2015 - 2019
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	2015 - 2019
Net Income	2,012	2,515	2,090	253.27	2,065	1,516	Upgrade
Depreciation & Amortization	27.21	26.62	27.45	21.65	12.65	12.51	Upgrade
Gain (Loss) on Sale of Investments	-382.23	573.83	-727.65	624.98	159.41	-103.79	Upgrade
Change in Accounts Receivable	34.49	34.49	-253.52	-99.49	164.61	-151.47	Upgrade
Reinsurance Recoverable	147.4	573.4	-456.75	460.76	-1,082	-584.3	Upgrade
Change in Accounts Payable	-	-	-	-	-	-35.62	Upgrade
Change in Other Net Operating Assets	-310.03	-4,252	-2,686	872.83	-2,761	610.41	Upgrade
Other Operating Activities	2,294	610.68	1,770	-1,182	3,226	2,015	Upgrade
Operating Cash Flow	1,640	-1,731	-7,332	2,125	3,174	2,986	Upgrade
Operating Cash Flow Growth	-	-	-	-33.05%	6.31%	-	Upgrade
Capital Expenditures	-12.04	-3.03	-23.27	-14.58	-8.98	-7.91	Upgrade
Purchase / Sale of Intangible Assets	-23.82	-15.52	-10.27	-18.58	-6.07	-0.46	Upgrade
Investing Cash Flow	-35.98	-19.46	-33.83	-33.64	-15.4	-8.79	Upgrade
Total Debt Repaid	-0.36	-0.47	-0.54	-0.44	-0.4	-0.23	Upgrade
Net Debt Issued (Repaid)	-0.36	-0.47	-0.54	-0.44	-0.4	-0.23	Upgrade
Issuance of Common Stock	-	-	-	3,318	-	-	Upgrade
Common Dividends Paid	-1,521	-1,121	-	-1,063	-767.51	-531.35	Upgrade
Financing Cash Flow	-1,521	-1,121	-0.54	2,255	-767.91	-531.58	Upgrade
Foreign Exchange Rate Adjustments	-48.42	82.55	3.37	221.63	-106.42	-47.36	Upgrade
Net Cash Flow	34.15	-2,789	-7,363	4,568	2,284	2,398	Upgrade
Free Cash Flow	1,628	-1,735	-7,355	2,110	3,165	2,978	Upgrade
Free Cash Flow Growth	-	-	-	-33.32%	6.29%	-	Upgrade
Free Cash Flow Margin	7.26%	-8.04%	-33.48%	10.67%	15.22%	16.42%	Upgrade
Free Cash Flow Per Share	2.03	-2.17	-9.19	3.42	5.36	5.04	Upgrade
Cash Interest Paid	0.01	0.02	0.03	0.02	0.02	0.01	Upgrade
Cash Income Tax Paid	299.2	53.49	39.2	294.43	286.63	493.05	Upgrade
Levered Free Cash Flow	6,414	-1,912	-5,914	3,514	2,789	753.06	Upgrade
Unlevered Free Cash Flow	6,414	-1,912	-5,914	3,514	2,789	753.07	Upgrade
Change in Working Capital	-2,301	-5,461	-10,596	2,408	-2,291	-460.87	Upgrade

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