Croatia osiguranje d.d. Cash Flow Statement

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

Millions EUR. 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	55.47	61.03	58.38	58.2	48.21
Depreciation & Amortization	8.96	11.9	10	8.84	7.81
Other Amortization	-	4.14	4.04	3.47	3.43
Gain (Loss) on Sale of Assets	-1.22	0.06	-0.56	-0.02	1.84
Gain (Loss) on Sale of Investments	-	-	-	-	-0.13
Change in Accounts Receivable	-33.51	-14.47	-10.33	-26.09	-18.25
Reinsurance Recoverable	1.25	-1.39	-8.47	-7.54	18.51
Change in Accounts Payable	-	10.15	3.29	-1.2	-
Change in Income Taxes	2.55	-0.45	-0.93	16.88	-7.31
Change in Deferred Taxes	-2.55	-	-	-	-
Change in Insurance Reserves / Liabilities	-	-	-	-	2.23
Change in Other Net Operating Assets	105.59	58.01	0.82	-17.56	-12.64
Other Operating Activities	-4.75	-2.95	4	6.02	4.71
Operating Cash Flow	172.58	155.64	-55.81	57.07	43.61
Operating Cash Flow Growth	10.88%	-	-	30.86%	0.12%
Capital Expenditures	-2.17	-9.65	-9.8	-7.02	-4.58
Sale of Property, Plant & Equipment	6.9	0.34	0.99	0.13	0.51
Purchase / Sale of Intangible Assets	-3.46	-4.82	-5.94	-8.12	-8.4
Cash Acquisitions	-	-1.66	-	-	-0.72
Investment in Securities	-	-	-	-	-32.58
Other Investing Activities	-54.7	-	-	-	15.35
Investing Cash Flow	-53.42	-15.79	-14.75	-15.01	-22.41
Long-Term Debt Issued	-	-	-	-	0.41
Total Debt Repaid	-3.06	-5.66	-5.24	-4.62	-4.11
Net Debt Issued (Repaid)	-3.06	-5.66	-5.24	-4.62	-3.7
Common Dividends Paid	-115	-114.87	-	-	-
Preferred Dividends Paid	-	-0.13	-0.13	-	-0.26
Common & Preferred Dividends Paid	-	-	-	-0.16	-
Total Dividends Paid	-115	-115	-0.13	-0.16	-0.26
Other Financing Activities	-	-0.31	-0.34	-0	-0.24
Financing Cash Flow	-118.07	-120.98	-5.71	-4.78	-4.19
Foreign Exchange Rate Adjustments	-1.53	-	-	-	-
Net Cash Flow	-0.44	18.88	-76.27	37.28	17.01
Free Cash Flow	170.41	145.99	-65.61	50.05	39.04
Free Cash Flow Growth	16.72%	-	-	28.21%	4.33%
Free Cash Flow Margin	27.71%	23.36%	-11.78%	9.99%	7.85%
Free Cash Flow Per Share	404.82	346.82	-155.86	118.89	92.73
Cash Income Tax Paid	-	21.83	9.04	11.72	7.31
Levered Free Cash Flow	521.93	79.68	-73.44	-229.65	27.76
Unlevered Free Cash Flow	522.83	80.9	-72.3	-228.57	28.88
Change in Working Capital	120.66	93.68	-122.17	-17.72	-14

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