Storebrand ASA Cash Flow Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 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	2015 - 2019
Net Income	4,866	5,524	3,377	2,376	3,130	2,355	Upgrade
Depreciation & Amortization	435	426	828	931	844	748	Upgrade
Other Amortization	382	382	-	-	-	-	Upgrade
Change in Other Net Operating Assets	-4,363	-2,646	-44,252	-36,388	-8,839	-16,137	Upgrade
Other Operating Activities	2,383	-1,350	38,792	35,911	1,376	11,050	Upgrade
Operating Cash Flow	3,703	2,336	-1,255	2,830	-3,489	-1,984	Upgrade
Capital Expenditures	-1,707	-1,687	-127	-137	-292	-48	Upgrade
Cash Acquisitions	1,350	-252	-345	-2,405	-408	-220	Upgrade
Investment in Securities	-14	-27	-168	-632	-4	-	Upgrade
Other Investing Activities	1	-1	-	1	-	-1	Upgrade
Investing Cash Flow	-370	-654	-640	-3,173	111	-269	Upgrade
Long-Term Debt Issued	-	20,547	25,746	29,560	15,275	9,511	Upgrade
Total Debt Repaid	-20,803	-19,226	-17,796	-21,429	-8,962	-7,920	Upgrade
Net Debt Issued (Repaid)	9,900	1,321	7,950	8,131	6,313	1,591	Upgrade
Issuance of Common Stock	85	65	300	145	44	26	Upgrade
Repurchases of Common Stock	-1,429	-1,555	-1,670	-500	-144	-	Upgrade
Common Dividends Paid	-2,057	-1,847	-1,741	-1,659	-1,522	-10	Upgrade
Other Financing Activities	-4,899	-2,812	-2,191	-1,157	-648	445	Upgrade
Financing Cash Flow	1,600	-4,828	2,648	4,960	4,043	2,052	Upgrade
Foreign Exchange Rate Adjustments	121	114	294	-52	68	-81	Upgrade
Net Cash Flow	5,054	-3,032	1,047	4,565	733	-282	Upgrade
Free Cash Flow	1,996	649	-1,382	2,693	-3,781	-2,032	Upgrade
Free Cash Flow Margin	3.69%	0.80%	-2.36%	-	-3.17%	-2.51%	Upgrade
Free Cash Flow Per Share	4.63	1.47	-3.02	5.75	-8.10	-4.35	Upgrade
Cash Interest Paid	7,266	6,803	5,178	2,621	712	861	Upgrade
Cash Income Tax Paid	1,429	1,036	536	152	222	187	Upgrade
Levered Free Cash Flow	11,710	54,046	25,032	-575,866	45,352	63,118	Upgrade
Unlevered Free Cash Flow	14,282	56,530	26,897	-575,033	45,837	63,700	Upgrade
Change in Working Capital	-4,363	-2,646	-44,252	-36,388	-8,839	-16,137	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.