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	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	2015 - 2019
Net Income	2,836	1,941	530.06	314.51	151.43	1,136	Upgrade
Depreciation & Amortization	368.83	308.85	200.69	119.61	95.49	83.74	Upgrade
Other Amortization	37.14	28.72	21.36	19.67	19.08	16.07	Upgrade
Other Operating Activities	-2,381	228.67	1,198	-576.54	-259.75	-908.62	Upgrade
Operating Cash Flow	861.08	2,507	1,950	-122.76	6.24	327.29	Upgrade
Operating Cash Flow Growth	-61.18%	28.58%	-	-	-98.09%	-	Upgrade
Capital Expenditures	-407.93	-694.53	-1,684	-	-46.28	-23.66	Upgrade
Sale of Property, Plant & Equipment	-	-	-	84.84	-	-	Upgrade
Purchase / Sale of Intangible Assets	-21.49	-60.12	-20.26	-21.29	-25.39	-23.86	Upgrade
Investment in Securities	-	-	-	-20	-	-	Upgrade
Other Investing Activities	244.67	205.91	323.59	79.21	10.33	1.07	Upgrade
Investing Cash Flow	-184.75	-548.74	-1,380	122.76	-61.34	-46.45	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0	-	Upgrade
Net Cash Flow	676.33	1,959	569.7	-	-55.1	280.84	Upgrade
Free Cash Flow	453.15	1,813	266.37	-122.76	-40.04	303.63	Upgrade
Free Cash Flow Growth	-15.87%	580.54%	-	-	-	-	Upgrade
Free Cash Flow Margin	1.96%	13.36%	3.15%	-2.44%	-1.37%	8.46%	Upgrade
Free Cash Flow Per Share	0.03	0.11	0.02	-0.01	-0.00	0.02	Upgrade
Cash Income Tax Paid	15.86	31.3	6.46	0.03	10.13	25.32	Upgrade
Levered Free Cash Flow	-1,870	262.88	-507.26	-1,360	609.77	1,200	Upgrade
Unlevered Free Cash Flow	-1,870	262.88	-507.26	-1,360	609.77	1,200	Upgrade

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