Universal 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	4,495	1,941	530.06	314.51	151.43	Upgrade
Depreciation & Amortization	722.1	308.85	200.69	119.61	95.49	Upgrade
Other Amortization	89.22	28.72	21.36	19.67	19.08	Upgrade
Other Operating Activities	-11,223	228.67	1,198	-576.54	-259.75	Upgrade
Operating Cash Flow	-5,917	2,507	1,950	-122.76	6.24	Upgrade
Operating Cash Flow Growth	-	28.58%	-	-	-98.09%	Upgrade
Capital Expenditures	-311.04	-694.53	-1,684	-	-46.28	Upgrade
Sale of Property, Plant & Equipment	-	-	-	84.84	-	Upgrade
Purchase / Sale of Intangible Assets	-125.28	-60.12	-20.26	-21.29	-25.39	Upgrade
Investment in Securities	-	-	-	-20	-	Upgrade
Other Investing Activities	301.59	205.91	323.59	79.21	10.33	Upgrade
Investing Cash Flow	-785.6	-548.74	-1,380	122.76	-61.34	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0	Upgrade
Net Cash Flow	-6,702	1,959	569.7	-	-55.1	Upgrade
Free Cash Flow	-6,228	1,813	266.37	-122.76	-40.04	Upgrade
Free Cash Flow Growth	-	580.54%	-	-	-	Upgrade
Free Cash Flow Margin	-24.88%	13.36%	3.15%	-2.44%	-1.37%	Upgrade
Free Cash Flow Per Share	-0.39	0.11	0.02	-0.01	-0.00	Upgrade
Cash Income Tax Paid	43.12	31.3	6.46	0.03	10.13	Upgrade
Levered Free Cash Flow	4,308	265.07	-507.48	-1,360	609.77	Upgrade
Unlevered Free Cash Flow	4,308	265.07	-507.48	-1,360	609.77	Upgrade

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