Definity Financial Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	302.2	373	335	532.6	-3	2.2
Depreciation & Amortization	44.2	136.5	125.3	-	-	-
Stock-Based Compensation	8.4	30.8	23.1	-	-	-
Other Adjustments	144	-163.7	-335	-41.9	475.8	-
Changes in Reinsurance Contract Assets	-17.9	-20.5	-15.8	-	-	-
Changes in Accounts Payable	-99	-5.6	-25.6	-	-	-
Changes in Claims Reserves	-66.1	198.4	109.5	-	-	-
Changes in Other Operating Activities	40.5	103.3	62.9	-138.9	-167	-
Operating Cash Flow	455.2	512.6	307.2	351.8	305.8	655.2
Operating Cash Flow Growth	18.76%	66.86%	-12.68%	15.04%	-53.33%	33.66%
Sale of Property, Plant & Equipment	22.1	22.1	-	-	-	-
Purchases of Intangible Assets	-103	-99.6	-75.6	-87.5	-90.8	-
Purchases of Investments	-11,183	-4,568	-5,966	-7,012	-5,429	-4,595
Proceeds from Sale of Investments	12,324	3,125	5,900	7,163	5,375	3,587
Payments for Business Acquisitions	-3,059	-150.8	-158.7	-409.3	-242	-
Other Investing Activities	12.6	13.1	2	-6.6	12.3	-36.1
Investing Cash Flow	-1,986	-1,658	-298	-351.9	-374.7	-1,044
Short-Term Debt Issued	-	-	-	114.3	-	-
Short-Term Debt Repaid	-	-	-	-39.1	-1	-
Net Short-Term Debt Issued (Repaid)	-	-	-	75.2	-1	-
Long-Term Debt Issued	2,471	996.3	-	-	-	-
Long-Term Debt Repaid	-1,100	-	-	-	-	-
Net Long-Term Debt Issued (Repaid)	1,371	996.3	-	-	-	-
Issuance of Common Stock	371.1	389	-	-	-	2,286
Repurchase of Common Stock	-0.3	-12.2	-68.3	-13.9	-53.6	-
Net Common Stock Issued (Repurchased)	370.8	376.8	-68.3	-13.9	-53.6	2,286
Common Dividends Paid	-93.2	-88.5	-73.7	-63.2	-63.3	-
Other Financing Activities	13.6	-119.9	28.2	-59.1	191.3	-1,909
Financing Cash Flow	1,663	1,165	-113.8	-61	73.4	376.8
Net Cash Flow	131.7	19	-104.6	-61.1	4.5	-12.2
Free Cash Flow	455.2	512.6	307.2	351.8	305.8	655.2
Free Cash Flow Growth	-11.20%	66.86%	-12.68%	15.04%	-53.33%	33.66%
FCF Margin	7.67%	9.71%	6.32%	8.16%	9.58%	22.46%
Free Cash Flow Per Share	3.78	4.30	2.64	3.02	2.62	6.22
Levered Free Cash Flow	1,729	1,628	577.2	286.4	-57.1	213.2
Unlevered Free Cash Flow	5,755	5,338	4,860	4,057	3,023	2,850

Updated May 7, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.