Vienna Insurance Group AG Cash Flow Statement

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

Millions EUR. 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	645.26	558.98	472.34	375.73
Depreciation & Amortization	287.93	253.44	99.88	71.73
Other Amortization	88.46	80.5	79.26	137.09
Gain (Loss) on Sale of Assets	10.52	38.69	23.75	-
Gain (Loss) on Sale of Investments	-19.48	1.79	196.88	12.66
Change in Accounts Receivable	28.04	-5.67	132.57	-289.54
Reinsurance Recoverable	942.01	618.31	-1,957	-
Change in Deferred Taxes	-	-	-	-141.91
Change in Insurance Reserves / Liabilities	-	-	-	409.46
Change in Other Net Operating Assets	-819.64	-725.61	-780.86	296.74
Other Operating Activities	-910.19	-1,074	1,287	-332.46
Operating Cash Flow	346.05	-139.33	-404	522.14
Operating Cash Flow Growth	-	-	-	68.09%
Capital Expenditures	-223.76	-264.79	-267.95	-296.07
Sale of Property, Plant & Equipment	2.45	10.93	4.81	14.89
Purchase / Sale of Intangible Assets	-134.99	-133.43	-129.16	-138.04
Cash Acquisitions	-	-15.31	-407.43	-
Investment in Securities	-404.12	-6.9	-109.76	-687.37
Other Investing Activities	1,018	899.28	840.9	265.53
Investing Cash Flow	257.72	489.78	22.41	-415.54
Long-Term Debt Issued	0.09	0.53	568.01	-
Total Debt Repaid	-146.94	-542.8	-325.65	-96.88
Net Debt Issued (Repaid)	-146.85	-542.27	242.36	-96.88
Issuance of Common Stock	-	-	-	300
Common Dividends Paid	-199.85	-185.71	-193.98	-96
Other Financing Activities	-62.93	-372.76	-80.85	490.6
Financing Cash Flow	-409.63	-1,101	-32.47	597.72
Foreign Exchange Rate Adjustments	-13.63	-15.48	-2.9	-1.09
Miscellaneous Cash Flow Adjustments	9.51	8.64	4.77	7.96
Net Cash Flow	190.02	-757.11	-412.19	711.19
Free Cash Flow	122.29	-404.12	-671.94	226.07
Free Cash Flow Growth	-	-	-	-27.22%
Free Cash Flow Margin	0.97%	-3.61%	-6.90%	2.13%
Free Cash Flow Per Share	0.95	-3.16	-5.25	1.77
Cash Interest Paid	62.93	88.05	78.06	70.93
Cash Income Tax Paid	111.27	109.18	227.7	153.53
Levered Free Cash Flow	194.65	1,007	-9,222	-222.35
Unlevered Free Cash Flow	246.04	1,069	-9,163	-160.85
Change in Working Capital	150.41	-112.97	-2,606	257.4

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.