National Reinsurance Corporation of the Philippines (PSE:NRCP)

PSE:NRCP Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	551.34	536.15	55.7	141.7	119.92
Depreciation & Amortization	10.26	9.5	16.46	18.49	20.08
Other Amortization	0.65	4.09	-	-	-
Gain (Loss) on Sale of Assets	-	-0.42	-	-	-0.02
Gain (Loss) on Sale of Investments	18.13	-27.34	110.82	-87.62	160.05
Reinsurance Recoverable	-567.41	-888.31	-1,006	-38.89	-212.47
Change in Accounts Payable	39.14	-70.31	-16.91	59.74	161.6
Change in Insurance Reserves / Liabilities	879.85	-690.37	1,238	-436.96	245.55
Change in Other Net Operating Assets	-104.63	32.35	34.89	138.35	17.01
Other Operating Activities	-1,195	1,290	-671.84	-227.37	-281.03
Operating Cash Flow	-489.46	200.88	-74.6	-22.79	231.63
Capital Expenditures	-6.34	-6.84	-5.37	-3.54	-3.29
Sale of Property, Plant & Equipment	-	0.75	1.56	-	0.19
Purchase / Sale of Intangible Assets	-34.02	-	-	-	-1.01
Investment in Securities	200.79	-1,053	-186.96	-597.44	-618.55
Other Investing Activities	509.24	432.74	320.74	324.83	346.03
Investing Cash Flow	665.81	-626.18	129.03	-283.6	-275.45
Foreign Exchange Rate Adjustments	1.58	-27.63	12.1	13.66	-10.24
Net Cash Flow	177.94	-452.92	66.54	-292.73	-54.06
Free Cash Flow	-495.79	194.05	-79.97	-26.33	228.34
Free Cash Flow Margin	-9.22%	4.09%	-2.51%	-0.81%	6.45%
Free Cash Flow Per Share	-0.23	0.09	-0.04	-0.01	0.11
Cash Income Tax Paid	363.55	99.13	74.02	141.44	130.59
Levered Free Cash Flow	213.36	782.01	195.14	251.96	510.94
Unlevered Free Cash Flow	213.43	782.03	194.54	251.96	510.94
Change in Net Working Capital	172.2	-359.43	-117.01	-133.32	-355.4

Updated Nov 19, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.