First Mutual Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	11.98	-9.86	467.05	41.65	7.52
Depreciation & Amortization	1.44	1.37	8.21	1.36	0.29
Other Amortization	-	-	0.08	0.08	0.08
Gain (Loss) on Sale of Assets	-	-	-0.02	-0.09	-0.13
Gain (Loss) on Sale of Investments	-	-	-180.48	22.91	-8.79
Stock-Based Compensation	-0.42	-1	38.64	0.4	0.91
Change in Accounts Receivable	-	-	-64.89	-10.78	0.15
Reinsurance Recoverable	-	-	-196.02	-	-
Change in Insurance Reserves / Liabilities	-	-	1,153	15.32	-0.22
Change in Other Net Operating Assets	9.85	-11.41	-2,634	9.51	-1.82
Other Operating Activities	-10.33	37.41	3,410	81.03	25.31
Operating Cash Flow	12.52	16.51	354.92	56.33	1.68
Operating Cash Flow Growth	-24.20%	-95.35%	530.10%	3262.84%	-78.25%
Capital Expenditures	-	-	-58.62	-3.44	-0.33
Sale of Property, Plant & Equipment	-	-	0.15	0.06	0.08
Purchase / Sale of Intangible Assets	-	-	-	-0.04	-0.01
Investment in Securities	-	-	-346.98	-25.39	-0.02
Other Investing Activities	-3.13	-4.34	50.8	0.98	1.02
Investing Cash Flow	-3.13	-4.34	-403.21	-28.28	0.67
Long-Term Debt Issued	-	-	70.09	5.59	0.98
Total Debt Repaid	-	-	-22.4	-1.05	-0.41
Net Debt Issued (Repaid)	-	-	47.68	4.54	0.57
Issuance of Common Stock	-	-	-	-	0.2
Repurchases of Common Stock	-	-	-	-0.03	-
Common Dividends Paid	-1.57	-1.6	-15.7	-1.21	-0.33
Other Financing Activities	-3.55	2.7	-12.63	-0.58	-0.03
Financing Cash Flow	-5.12	1.11	19.36	2.73	0.41
Foreign Exchange Rate Adjustments	-0.92	-0.75	127.75	22.3	-1.93
Miscellaneous Cash Flow Adjustments	-	-	-22.07	-33.95	0.36
Net Cash Flow	3.35	12.53	76.75	19.12	1.19
Free Cash Flow	12.52	16.51	296.31	52.89	1.35
Free Cash Flow Growth	-24.20%	-94.43%	460.22%	3825.32%	-81.78%
Free Cash Flow Margin	7.49%	9.82%	14.23%	29.23%	2.92%
Free Cash Flow Per Share	0.02	0.02	0.41	0.07	0.00
Cash Interest Paid	2.31	1.81	20.39	0.6	0.04
Cash Income Tax Paid	3.35	2.2	62.68	4.09	0.12
Levered Free Cash Flow	-1.83	-1,140	670.04	-14.5	-8.74
Unlevered Free Cash Flow	0.19	-1,139	684.62	-13.93	-8.74
Change in Working Capital	9.85	-11.41	-1,742	13.49	-1.9

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