AIICO Insurance Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
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	2020 - 2016
Net Income	17,771	15,195	12,082	5,054	4,853	Upgrade
Depreciation & Amortization	1,143	945.68	917.05	849.61	714.34	Upgrade
Other Amortization	233.26	88.12	39.39	39.72	30.24	Upgrade
Other Operating Activities	49,146	29,354	373.85	-9,131	-17,154	Upgrade
Operating Cash Flow	68,293	45,582	13,412	-3,188	-11,556	Upgrade
Operating Cash Flow Growth	49.83%	239.85%	-	-	-	Upgrade
Capital Expenditures	-3,524	-1,889	-1,424	-1,410	-864.11	Upgrade
Sale of Property, Plant & Equipment	37.52	12.12	83.26	41.02	11.22	Upgrade
Purchase / Sale of Intangible Assets	-383.85	-323.22	-18.35	-33.64	-75.9	Upgrade
Investment in Securities	-98,743	-62,865	-34,046	-20,959	-11,926	Upgrade
Other Investing Activities	47,396	35,007	23,211	16,445	19,774	Upgrade
Investing Cash Flow	-52,840	-29,909	-11,955	-5,731	6,919	Upgrade
Common Dividends Paid	-2,562	-1,830	-1,098	-732.11	-	Upgrade
Financing Cash Flow	-2,562	-1,830	-1,098	-732.11	-	Upgrade
Foreign Exchange Rate Adjustments	-1,279	2,929	2,155	76.42	-25.6	Upgrade
Miscellaneous Cash Flow Adjustments	0	-	-0	-0	-1,761	Upgrade
Net Cash Flow	11,612	16,772	2,514	-9,575	-6,423	Upgrade
Free Cash Flow	64,769	43,693	11,989	-4,598	-12,421	Upgrade
Free Cash Flow Growth	48.24%	264.45%	-	-	-	Upgrade
Free Cash Flow Margin	37.85%	35.12%	12.80%	-5.61%	-29.08%	Upgrade
Free Cash Flow Per Share	1.77	1.19	0.33	-0.13	-0.34	Upgrade
Cash Interest Paid	8,669	3,763	3,502	3,723	-	Upgrade
Cash Income Tax Paid	623.4	435.31	328.44	162.99	201.79	Upgrade
Levered Free Cash Flow	-28,314	-71,087	56,019	-69,440	30,514	Upgrade
Unlevered Free Cash Flow	-1,188	-50,760	71,443	-55,406	30,514	Upgrade

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