Ayalon Insurance Company Cash Flow Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	144.41	84.91	166.68	-114.09	-64.28	Upgrade
Depreciation & Amortization	28.44	28.44	79.86	67.54	58.25	Upgrade
Other Amortization	67.21	59.29	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-688.5	-545.17	239.46	-779.94	-211.76	Upgrade
Change in Accounts Receivable	-44.8	-101.05	-45.48	-18.7	18	Upgrade
Reinsurance Recoverable	-16.16	-202.4	137.6	-266.14	-531.58	Upgrade
Change in Insurance Reserves / Liabilities	1,169	816.06	-537.68	1,421	866.25	Upgrade
Change in Other Net Operating Assets	-719.12	-444.24	-29.03	-720.99	-36.5	Upgrade
Other Operating Activities	384.15	221.29	224.54	237.62	150.41	Upgrade
Operating Cash Flow	208.64	-46.36	299.53	-306.02	359.34	Upgrade
Capital Expenditures	-12.62	-5.71	-6.22	-10.69	-11.47	Upgrade
Purchase / Sale of Intangible Assets	-114.69	-99.66	-103.5	-72.5	-76.78	Upgrade
Investment in Securities	-	-5.4	100.3	-3.69	-15.54	Upgrade
Other Investing Activities	4.43	2.13	1.81	4.33	1.59	Upgrade
Investing Cash Flow	-122.87	-108.65	-7.62	-82.55	-102.19	Upgrade
Long-Term Debt Issued	20	-	184.77	156.46	175	Upgrade
Total Debt Repaid	-9.6	-9.66	-251.18	-13	-189.84	Upgrade
Net Debt Issued (Repaid)	10.4	-9.66	-66.41	143.46	-14.84	Upgrade
Issuance of Common Stock	-	5	5	-	-	Upgrade
Common Dividends Paid	-60	-	-	-	-	Upgrade
Other Financing Activities	-	-	-	0.46	-	Upgrade
Financing Cash Flow	-49.6	-4.66	-61.41	143.92	-14.84	Upgrade
Net Cash Flow	36.17	-159.66	230.51	-244.65	242.31	Upgrade
Free Cash Flow	196.02	-52.07	293.31	-316.71	347.88	Upgrade
Free Cash Flow Margin	4.51%	-1.42%	12.81%	-10.34%	14.13%	Upgrade
Free Cash Flow Per Share	7.44	-1.99	14.31	-17.40	19.12	Upgrade
Cash Interest Paid	45.49	44.61	31.41	24.86	21.23	Upgrade
Cash Income Tax Paid	44.09	-35.56	2.43	-23.13	-1.31	Upgrade
Levered Free Cash Flow	-1,098	-1,116	970.83	-1,709	-500.48	Upgrade
Unlevered Free Cash Flow	-1,055	-1,078	994.67	-1,683	-473.9	Upgrade
Change in Net Working Capital	1,193	1,181	-911.28	1,561	420.74	Upgrade

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.