Swiss Re AG Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,241	3,111	472	1,437
Depreciation & Amortization	106	112	79	63
Other Amortization	-	-	6,576	6,829
Gain (Loss) on Sale of Investments	-229	-161	67	-578
Reinsurance Recoverable	-	-	-143	-474
Change in Income Taxes	270	261	-248	136
Change in Insurance Reserves / Liabilities	-	-	3,263	4,251
Change in Other Net Operating Assets	10	869	-1,175	-764
Other Operating Activities	-434	-176	-6,230	-6,226
Operating Cash Flow	3,130	4,214	2,927	4,104
Operating Cash Flow Growth	-25.72%	43.97%	-28.68%	-23.91%
Cash Acquisitions	-	-42	-	-42
Investment in Securities	-407	-329	-2,360	-2,095
Investing Cash Flow	-407	-371	-2,338	-2,137
Long-Term Debt Issued	747	-	1,449	-
Total Debt Repaid	-1,429	-1,691	-806	-153
Net Debt Issued (Repaid)	-682	-1,691	643	-153
Issuance of Common Stock	467	859	-	-
Repurchases of Common Stock	-631	-637	-6	-37
Common Dividends Paid	-1,978	-1,850	-1,825	-1,855
Other Financing Activities	-146	-27	-1	-
Financing Cash Flow	-2,970	-3,346	-1,237	-2,100
Foreign Exchange Rate Adjustments	-144	5	-326	-286
Miscellaneous Cash Flow Adjustments	-31	-	-	-
Net Cash Flow	-422	502	-974	-419
Cash Interest Paid	529	612	557	551
Cash Income Tax Paid	625	524	419	258
Levered Free Cash Flow	5,073	-80,473	9,250	20,081
Unlevered Free Cash Flow	5,318	-80,229	9,610	20,440
Change in Working Capital	503	1,352	1,697	3,149

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.