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	65.39	61.03	58.38	58.2	48.21
Depreciation & Amortization	12.63	11.9	10	8.84	7.81
Other Amortization	3.85	4.14	4.04	3.47	3.43
Gain (Loss) on Sale of Assets	-0.42	0.06	-0.56	-0.02	1.84
Gain (Loss) on Sale of Investments	-	-	-	-	-0.13
Change in Accounts Receivable	46.56	-14.47	-10.33	-26.09	-18.25
Reinsurance Recoverable	-16.24	-1.39	-8.47	-7.54	18.51
Change in Accounts Payable	7.35	10.15	3.29	-1.2	-
Change in Income Taxes	-0.83	-0.45	-0.93	16.88	-7.31
Change in Insurance Reserves / Liabilities	-	-	-	-	2.23
Change in Other Net Operating Assets	46.65	58.01	0.82	-17.56	-12.64
Other Operating Activities	22.23	-2.95	4	6.02	4.71
Operating Cash Flow	138.3	155.64	-55.81	57.07	43.61
Operating Cash Flow Growth	-11.14%	-	-	30.86%	0.12%
Capital Expenditures	-13.15	-9.65	-9.8	-7.02	-4.58
Sale of Property, Plant & Equipment	0.7	0.34	0.99	0.13	0.51
Purchase / Sale of Intangible Assets	-6.94	-4.82	-5.94	-8.12	-8.4
Cash Acquisitions	-0.46	-1.66	-	-	-0.72
Investment in Securities	-	-	-	-	-32.58
Other Investing Activities	-	-	-	-	15.35
Investing Cash Flow	-19.84	-15.79	-14.75	-15.01	-22.41
Long-Term Debt Issued	0.49	-	-	-	0.41
Total Debt Repaid	-5.88	-5.66	-5.24	-4.62	-4.11
Net Debt Issued (Repaid)	-5.39	-5.66	-5.24	-4.62	-3.7
Common Dividends Paid	-45.64	-114.87	-	-	-
Preferred Dividends Paid	-0.13	-0.13	-0.13	-	-0.26
Common & Preferred Dividends Paid	-	-	-	-0.16	-
Total Dividends Paid	-45.77	-115	-0.13	-0.16	-0.26
Other Financing Activities	-0.05	-0.31	-0.34	-0	-0.24
Financing Cash Flow	-51.22	-120.98	-5.71	-4.78	-4.19
Net Cash Flow	67.25	18.88	-76.27	37.28	17.01
Free Cash Flow	125.16	145.99	-65.61	50.05	39.04
Free Cash Flow Growth	-14.27%	-	-	28.21%	4.33%
Free Cash Flow Margin	17.62%	23.36%	-11.78%	9.99%	7.85%
Free Cash Flow Per Share	297.32	346.82	-155.86	118.89	92.73
Cash Income Tax Paid	5.73	21.83	9.04	11.72	7.31
Levered Free Cash Flow	7.77	65.26	-73.44	-229.65	27.76
Unlevered Free Cash Flow	8.94	66.48	-72.3	-228.57	28.88
Change in Working Capital	48.16	93.68	-122.17	-17.72	-14

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