Operating ActivitiesSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22Sep '22Jun '22

Net Income

3,267

3,200

-1,828

-926

-2,300

-10

Depreciation & Amortization

3,597

3,595

3,612

3,597

3,841

3,568

Other Adjustments

-73

-758

3,892

3,063

5,594

3,909

Changes in Receivables

-964

-840

-855

-571

-117

936

Changes in Reinsurance Contract Assets

1,654

1,877

2,127

727

194

599

Changes in Deferred Acquisition Costs

-3,430

-3,404

-3,398

-3,519

-3,503

-3,564

Changes in Claims Reserves

-983

-987

-976

341

133

-269

Changes in Income Taxes Payable

1,190

1,032

457

468

-519

-277

Changes in Other Operating Activities

—

295.5

91.5

93

2,066.5

873

Cash from Operating Activities

2,803

3,159

2,696

3,273

4,767

6,581

Investing ActivitiesSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22Sep '22Jun '22

Purchases of Investments

-31,073

-29,956

-28,219

-24,284

-18,746

-16,405

Proceeds from Sale of Investments

34,574

33,493

33,113

31,144

22,322

21,906

Payments for Business Acquisitions

—

—

—

—

—

—

Proceeds from Business Divestments

—

—

—

587

—

—

Other Investing Activities

-458

-429

-233

-4,237

-649

-9,016

Cash from Investing Activities

5,912

6,283

4,117

1,672

-3,929

-7,676

Financing ActivitiesSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22Sep '22Jun '22

Issuance of Long-Term Debt

—

—

—

661

—

—

Repayments of Long-Term Debt

-2.5

-2,671.5

-1,836.5

-2,048

-2,179

-2,359

Net Issuance / (Repayments) of Long-Term Debt

-2.5

-2,671.5

-1,836.5

-1,387

-2,179

-2,359

Repurchases of Common Shares

-7,074

-7,334

-7,241

-6,652

-5,864

-5,169

Net Issuance / (Repurchases) of Common Shares

-7,074

-7,334

-7,241

-6,652

-5,864

-5,169

Issuance of Preferred Shares

—

—

—

—

—

—

Repurchases of Preferred Shares

—

—

463

-22

-422

-29

Net Issuance / (Repurchases) of Preferred Shares

—

—

463

-22

-422

-29

Common Share Dividends Paid

629

605

614

605

2,836

3,340

Preferred Share Dividends Paid

—

—

-1,481

-1,002

-1,498

-1,495.5

Other Financing Activities

—

4,384

5,563

7,410

5,620

6,465

Cash from Financing Activities

-8,748

-9,127

-6,596

-5,063

-3,786

-1,999

Free Cash FlowSep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23Mar '23Dec '22Sep '22Jun '22

Free Cash Flow

2,803

3,159

2,696

3,273

4,767

6,581

NOPAT

3,199.2

3,170.8

2,490

2,602.3

-3,603.9

-3,434

Levered Free Cash Flow

9,526.5

7,122

-2,791

-2,851

-4,546.5

-2,478

Unlevered Free Cash Flow

6,210.2

6,566.3

5,379.5

3,968.3

-1,524.4

-2,235

Net Change in Cash

-33

315

217

-118

-2,948

-3,094