Klapton Reinsurance Cash Flow Statement

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

Millions ZMW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	387.73	236.29	119.67	65.29	-20.65
Depreciation & Amortization	6.26	4.87	3.7	3.56	0.93
Other Amortization	2.24	2.43	2.5	2.46	0.16
Gain (Loss) on Sale of Assets	-	-0.27	-	0.01	-
Gain (Loss) on Sale of Investments	-1.82	1.99	0.58	-	-
Reinsurance Recoverable	25.31	-440.51	-358.62	-227.45	-11.5
Change in Unearned Revenue	-	-	-	265.61	10.32
Change in Insurance Reserves / Liabilities	138.05	1,730	595.6	-	-
Change in Other Net Operating Assets	-602.1	-1,465	19.41	8.91	1.01
Other Operating Activities	-289.54	54.65	-16.2	3.33	2.5
Operating Cash Flow	-55.47	123	273.51	109.93	-16.05
Operating Cash Flow Growth	-	-55.03%	148.80%	-	-
Capital Expenditures	-3.12	-6.56	-2.46	-3.27	-4.25
Sale of Property, Plant & Equipment	-	1.54	0.69	-	-
Purchase / Sale of Intangible Assets	-	-	-	-1.72	-7.24
Investment in Securities	40.7	-85.35	-164.38	-90.81	-18.71
Other Investing Activities	64.74	52.69	16.42	3.8	0.45
Investing Cash Flow	101.97	-43.77	-213.48	-92	-29.75
Total Debt Repaid	-2.9	-2.09	-1.02	-1.2	-0.49
Net Debt Issued (Repaid)	-2.9	-2.09	-1.02	-1.2	-0.49
Issuance of Common Stock	5.91	-	-	17.27	54.48
Other Financing Activities	-0.25	-0.39	-0.35	10.72	-0
Financing Cash Flow	2.75	-2.48	-1.37	26.79	53.99
Foreign Exchange Rate Adjustments	-50.99	12.66	43.91	4.86	-2.24
Net Cash Flow	-1.74	89.4	102.57	49.59	5.95
Free Cash Flow	-58.6	116.43	271.06	106.66	-20.3
Free Cash Flow Growth	-	-57.04%	154.12%	-	-
Free Cash Flow Margin	-1.92%	3.77%	23.68%	33.71%	-
Free Cash Flow Per Share	-0.01	0.01	0.03	0.01	-
Cash Interest Paid	0.25	0.39	0.35	-	-
Cash Income Tax Paid	103.5	45.35	21.5	1.02	-
Levered Free Cash Flow	235.04	-12.05	253.07	223.77	-
Unlevered Free Cash Flow	235.2	-11.8	253.29	223.77	-
Change in Working Capital	-158.83	-112.22	256.47	35.29	1

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