The First Insurance Co., Ltd. (TPE:2852)

The First Insurance Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	903.3	636.24	558.85	553.14	152.88
Depreciation & Amortization	29.73	33.79	34.14	29.53	26.11
Other Amortization	14.47	16.36	16.42	15.72	10.51
Gain (Loss) on Sale of Assets	0.89	0.61	0.14	0.86	2.71
Change in Accounts Receivable	-89.17	-9.8	125.9	26.44	105.74
Reinsurance Recoverable	253.77	-732.25	-139.34	45.08	118.92
Change in Insurance Reserves / Liabilities	-	-	-16.56	13.57	2.99
Change in Other Net Operating Assets	92.44	11.75	-1,321	-2,007	-328.66
Other Operating Activities	-175.06	1,000	533.18	426.4	327.08
Operating Cash Flow	1,259	296.95	63.79	43.13	251.5
Operating Cash Flow Growth	323.89%	365.48%	47.91%	-82.85%	-36.64%
Capital Expenditures	-9.74	-12.59	-15.56	-27.9	-22.51
Purchase / Sale of Intangible Assets	-2.3	-9.91	-13.28	-14.51	-18.34
Investing Cash Flow	-12.04	-22.5	-28.84	-42.56	-40.85
Total Debt Repaid	-3.15	-4.15	-4.09	-3.32	-2.56
Net Debt Issued (Repaid)	-3.15	-4.15	-4.09	-3.32	-2.56
Common Dividends Paid	-340.32	-216.84	-364.41	-105.41	-289.12
Financing Cash Flow	-343.47	-220.99	-368.5	-108.73	-291.68
Foreign Exchange Rate Adjustments	3.33	-1.68	3.46	-1.86	-3.66
Net Cash Flow	906.56	51.78	-330.08	-110.02	-84.69
Free Cash Flow	1,249	284.36	48.24	15.23	228.99
Free Cash Flow Growth	339.23%	489.48%	216.69%	-93.35%	-41.03%
Free Cash Flow Margin	16.10%	3.85%	0.70%	0.23%	3.89%
Free Cash Flow Per Share	4.14	0.94	0.16	0.05	0.76
Cash Interest Paid	0.29	0.28	0.16	0.18	0.15
Cash Income Tax Paid	152.78	108.17	96.29	33.43	100.67
Levered Free Cash Flow	660.67	628.83	1,215	1,611	210.68
Unlevered Free Cash Flow	660.85	629	1,215	1,611	210.77
Change in Net Working Capital	27.91	-133.01	-826.4	-1,188	-61.07

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.