Swiss Re AG Cash Flow Statement

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

Millions USD. 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	-	3,241	3,111	472	1,437	Upgrade
Depreciation & Amortization	-	106	112	79	63	Upgrade
Other Amortization	-	-	-	6,576	6,829	Upgrade
Gain (Loss) on Sale of Investments	-	-229	-161	67	-578	Upgrade
Reinsurance Recoverable	-	-	-	-143	-474	Upgrade
Change in Income Taxes	-	270	261	-248	136	Upgrade
Change in Insurance Reserves / Liabilities	-	-	-	3,263	4,251	Upgrade
Change in Other Net Operating Assets	-	10	869	-1,175	-764	Upgrade
Other Operating Activities	-	-434	-176	-6,230	-6,226	Upgrade
Operating Cash Flow	-	3,130	4,214	2,927	4,104	Upgrade
Operating Cash Flow Growth	-	-25.72%	43.97%	-28.68%	-23.91%	Upgrade
Cash Acquisitions	-	-	-42	-	-42	Upgrade
Investment in Securities	-	-407	-329	-2,360	-2,095	Upgrade
Investing Cash Flow	-	-407	-371	-2,338	-2,137	Upgrade
Long-Term Debt Issued	-	747	-	1,449	-	Upgrade
Total Debt Repaid	-	-1,429	-1,691	-806	-153	Upgrade
Net Debt Issued (Repaid)	-	-682	-1,691	643	-153	Upgrade
Issuance of Common Stock	-	467	859	-	-	Upgrade
Repurchases of Common Stock	-	-631	-637	-6	-37	Upgrade
Common Dividends Paid	-	-1,978	-1,850	-1,825	-1,855	Upgrade
Other Financing Activities	-	-146	-27	-1	-	Upgrade
Financing Cash Flow	-	-2,970	-3,346	-1,237	-2,100	Upgrade
Foreign Exchange Rate Adjustments	-	-144	5	-326	-286	Upgrade
Miscellaneous Cash Flow Adjustments	-	-31	-	-	-	Upgrade
Net Cash Flow	-	-422	502	-974	-419	Upgrade
Cash Interest Paid	-	529	612	557	551	Upgrade
Cash Income Tax Paid	-	625	524	419	258	Upgrade
Levered Free Cash Flow	-	5,073	-80,473	9,250	20,081	Upgrade
Unlevered Free Cash Flow	-	5,318	-80,229	9,610	20,440	Upgrade
Change in Working Capital	-	503	1,352	1,697	3,149	Upgrade

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