Universal Insurance Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Mar '25 Mar 31, 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	2015 - 2019
Net Income	1,282	1,545	530.06	314.51	151.43	1,136	Upgrade
Depreciation & Amortization	294.34	245.56	200.69	119.61	95.49	83.74	Upgrade
Other Amortization	30.02	21.95	21.36	19.67	19.08	16.07	Upgrade
Other Operating Activities	2,517	1,272	1,192	-576.54	-259.75	-908.62	Upgrade
Operating Cash Flow	4,123	3,084	1,944	-122.76	6.24	327.29	Upgrade
Operating Cash Flow Growth	105.42%	58.67%	-	-	-98.09%	-	Upgrade
Capital Expenditures	-711.39	-684.29	-1,684	-	-46.28	-23.66	Upgrade
Sale of Property, Plant & Equipment	-	-	-	84.84	-	-	Upgrade
Purchase / Sale of Intangible Assets	-30.68	-20.26	-20.26	-21.29	-25.39	-23.86	Upgrade
Investment in Securities	-	-	-	-20	-	-	Upgrade
Other Investing Activities	272.96	126.88	323.59	79.21	10.33	1.07	Upgrade
Investing Cash Flow	-469.12	-577.67	-1,380	122.76	-61.34	-46.45	Upgrade
Miscellaneous Cash Flow Adjustments	0	0	-	-	-0	-	Upgrade
Net Cash Flow	3,654	2,506	563.36	-	-55.1	280.84	Upgrade
Free Cash Flow	3,412	2,400	260.04	-122.76	-40.04	303.63	Upgrade
Free Cash Flow Growth	958.05%	822.79%	-	-	-	-	Upgrade
Free Cash Flow Margin	20.95%	18.93%	3.03%	-2.44%	-1.37%	8.46%	Upgrade
Free Cash Flow Per Share	0.21	0.15	0.02	-0.01	-0.00	0.02	Upgrade
Cash Income Tax Paid	19.25	19.25	6.46	0.03	10.13	25.32	Upgrade
Levered Free Cash Flow	2,162	-3.43	49.49	-1,360	609.77	1,200	Upgrade
Unlevered Free Cash Flow	2,162	-3.43	49.49	-1,360	609.77	1,200	Upgrade
Change in Net Working Capital	-1,779	543.11	-1,266	1,413	-483.42	-411.37	Upgrade

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