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	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	72.58	61.03	58.38	58.2	48.21	43.43
Depreciation & Amortization	12.21	11.9	10	8.84	7.81	8.23
Other Amortization	4.14	4.14	4.04	3.47	3.43	2.63
Gain (Loss) on Sale of Assets	0.05	0.06	-0.56	-0.02	1.84	-0.14
Gain (Loss) on Sale of Investments	-	-	-	-	-0.13	-
Change in Accounts Receivable	35.35	-14.47	-10.33	-26.09	-18.25	-1.6
Reinsurance Recoverable	-14.82	-1.39	-8.47	-7.54	18.51	-34.69
Change in Accounts Payable	10.15	10.15	3.29	-1.2	-	-
Change in Income Taxes	-11.9	-0.45	-0.93	16.88	-7.31	-9.1
Change in Insurance Reserves / Liabilities	-	-	-	-	2.23	43.54
Change in Other Net Operating Assets	113.59	58.01	0.82	-17.56	-12.64	-15.22
Other Operating Activities	11.78	-2.95	4	6.02	4.71	2.87
Operating Cash Flow	100.75	155.64	-55.81	57.07	43.61	43.56
Operating Cash Flow Growth	-33.79%	-	-	30.86%	0.12%	-
Capital Expenditures	-11.61	-9.65	-9.8	-7.02	-4.58	-6.14
Sale of Property, Plant & Equipment	0.39	0.34	0.99	0.13	0.51	0.29
Purchase / Sale of Intangible Assets	-6.45	-4.82	-5.94	-8.12	-8.4	-10.56
Cash Acquisitions	0.09	-1.66	-	-	-0.72	-10.33
Investment in Securities	-	-	-	-	-32.58	20.91
Other Investing Activities	-	-	-	-	15.35	13.06
Investing Cash Flow	-17.57	-15.79	-14.75	-15.01	-22.41	20.17
Long-Term Debt Issued	-	-	-	-	0.41	-
Total Debt Repaid	-5.57	-5.66	-5.24	-4.62	-4.11	-3.84
Net Debt Issued (Repaid)	-5.57	-5.66	-5.24	-4.62	-3.7	-3.84
Common Dividends Paid	-45.79	-114.87	-	-	-	-
Preferred Dividends Paid	-0.13	-0.13	-0.13	-	-0.26	-
Common & Preferred Dividends Paid	-	-	-	-0.16	-	-
Total Dividends Paid	-45.92	-115	-0.13	-0.16	-0.26	-
Other Financing Activities	-0.36	-0.31	-0.34	-0	-0.24	-0.02
Financing Cash Flow	-51.85	-120.98	-5.71	-4.78	-4.19	-3.86
Net Cash Flow	31.14	18.88	-76.27	37.28	17.01	59.88
Free Cash Flow	89.14	145.99	-65.61	50.05	39.04	37.42
Free Cash Flow Growth	-36.73%	-	-	28.21%	4.33%	-
Free Cash Flow Margin	12.91%	23.36%	-11.78%	9.99%	7.85%	8.18%
Free Cash Flow Per Share	211.77	346.82	-155.86	118.89	92.73	88.89
Cash Income Tax Paid	8.27	21.83	9.04	11.72	7.31	9.1
Levered Free Cash Flow	63.63	79.68	-73.44	-229.65	27.76	42.03
Unlevered Free Cash Flow	64.81	80.9	-72.3	-228.57	28.88	43.03
Change in Working Capital	10.67	93.68	-122.17	-17.72	-14	-9.23

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.