Helios Underwriting Cash Flow Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Jun '25 Jun 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	2019 - 2015
Net Income	23.96	18.58	38.54	-2.1	-0.43	0.3	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-0.26	-0.01	-1.78	Upgrade
Gain (Loss) on Sale of Investments	-32.95	-36.03	-50.78	-	-	-	Upgrade
Change in Insurance Reserves / Liabilities	-	-	-	92.26	18.29	-0.65	Upgrade
Change in Other Net Operating Assets	36.6	11.25	5.91	-45.48	-1.32	-0.51	Upgrade
Other Operating Activities	-5.13	2.53	-1.3	-4.09	-3.67	-3.01	Upgrade
Operating Cash Flow	22.46	-3.68	-7.63	-27.04	-18.59	-13.42	Upgrade
Purchase / Sale of Intangible Assets	-	-	-	4.68	-1.18	1.59	Upgrade
Cash Acquisitions	-	-	-	-4.78	-13.26	-0.36	Upgrade
Other Investing Activities	-	-	-	2.87	1.57	1.47	Upgrade
Investing Cash Flow	-	-	-	2.76	-12.86	2.7	Upgrade
Long-Term Debt Issued	-	-	59.06	15	-	2	Upgrade
Total Debt Repaid	-0.2	-0.2	-15	-	-4	-	Upgrade
Net Debt Issued (Repaid)	-0.2	-0.2	44.06	15	-4	2	Upgrade
Issuance of Common Stock	-	-	0.35	12.78	53.6	11.19	Upgrade
Repurchases of Common Stock	-3.72	-4.53	-3.21	-	-	-0.02	Upgrade
Common Dividends Paid	-4.42	-4.42	-2.32	-2.03	-2.02	-	Upgrade
Other Financing Activities	1.17	1.17	-	-0.8	-	-	Upgrade
Financing Cash Flow	-7.17	-7.98	38.88	24.95	47.58	13.17	Upgrade
Net Cash Flow	15.29	-11.66	31.25	0.68	16.13	2.46	Upgrade
Cash Interest Paid	-	-	-	0.8	-	-	Upgrade
Cash Income Tax Paid	-	-	-	0.17	0.68	0.31	Upgrade
Levered Free Cash Flow	60.28	23.86	181.65	-67.77	-63.29	-25.67	Upgrade
Unlevered Free Cash Flow	63.87	27.65	182.73	-67.21	-63.25	-25.67	Upgrade
Change in Working Capital	36.6	11.25	5.91	-19.37	-14.47	-8.93	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.