IGIC 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	127.15	135.15	118.19	89.23	46.81
Depreciation & Amortization	3.58	3.4	2.55	3.08	2.77
Gain (Loss) on Sale of Assets	-0.05	-0.03	-0.09	0.11	0.01
Gain (Loss) on Sale of Investments	-2.66	0.15	-7.69	8.75	5.17
Stock-Based Compensation	6.8	4.63	3.25	2.3	1.19
Change in Accounts Receivable	-18.26	-10.83	-34.82	-8.63	-18.82
Reinsurance Recoverable	-7.95	-2.61	-28.67	-3.86	17.14
Change in Unearned Revenue	3.8	6.42	50.06	16.43	42.4
Change in Insurance Reserves / Liabilities	9.92	82.49	75.2	56.08	81.23
Change in Other Net Operating Assets	-12.34	-12.51	-1.6	-4.18	6.85
Other Operating Activities	1.73	5	27.55	-3.28	0.05
Operating Cash Flow	108.14	209.47	196.61	154.88	175.29
Operating Cash Flow Growth	-48.38%	6.54%	26.95%	-11.65%	-
Capital Expenditures	-0.94	-6.63	-3.25	-1.28	-2.38
Sale of Property, Plant & Equipment	0.05	0.03	0.09	0.54	1.12
Cash Acquisitions	-	-	-1.1	-	-0.15
Investment in Securities	36.83	-179.97	-86.11	-245.8	-50.05
Investing Cash Flow	35.93	-186.57	-90.37	-246.53	-51.46
Issuance of Common Stock	0.66	-	-	-	-
Repurchases of Common Stock	-61.92	-23.15	-31.09	-2.39	-
Common Dividends Paid	-46.2	-26.53	-1.75	-10.15	-15.13
Other Financing Activities	-	-	-16.32	-	-
Financing Cash Flow	-107.46	-49.68	-49.16	-12.55	-15.13
Net Cash Flow	36.61	-26.78	57.08	-104.2	108.71
Free Cash Flow	107.19	202.84	193.36	153.6	172.91
Free Cash Flow Growth	-47.15%	4.90%	25.88%	-11.17%	-
Free Cash Flow Margin	20.74%	37.63%	38.73%	39.06%	49.35%
Free Cash Flow Per Share	2.46	4.53	4.45	3.36	3.80
Levered Free Cash Flow	116.02	121.22	373.77	320.9	47.03
Unlevered Free Cash Flow	116.02	121.22	373.77	320.9	47.03
Cash Income Tax Paid	0.32	4.62	6.64	2.76	2.33
Change in Working Capital	-28.41	61.17	52.85	54.68	119.28

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