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

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