First Trinity Financial CORP Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Operating activities
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for depreciation
Accretion of discount on investments
Net realized investment gains
Loss on other-than-temporary impairments
Loss on impairments
Amortization of policy acquisition cost
Policy acquisition costs deferred
Amortization of loan origination fees
Amortization of value of insurance business acquired
Allowance for mortgage loan losses
Provision for deferred federal income tax expense
Interest credited to policyholders

Change in assets and liabilities:
Policy loans
Short-term investments
Accrued investment income
Recoverable from reinsurers
Funds under coinsurance agreement
Agents' balances and due premiums
Other assets (excludes change in receivable for securities sold of $11,628 and $12,920 in 2025 and 2024, respectively)
Future policy benefits
Policy claims
Other policy liabilities
Other liabilities (excludes change in payable of securities purchased of ($6,179) and ($903) in 2025 and 2024, respectively)
Net cash provided by operating activities

Investing activities
Purchases of fixed maturity securities
Debt Securities
Total purchases of fixed maturity securities

Maturities of fixed maturity securities
Sales of fixed maturity securities
Purchases of equity securities
Acquisition of Royalty Capital life Insurance Company
Sale of equity securities
Joint venture distributions
Purchases of mortgage loans
Payments on mortgage loans
Purchases of other long-term investments
Payments on other long-term investments
Purchase of real estate
Sale of real estate
Net change in policy loans
Net change in short-term investments
Net change in receivable and payable for securities sold and purchased
Receivables Excluding Policy Loan Receivables
Total net change in receivable and payable for securities sold and purchased

Net cash used in investing activities
Financing activities
Policyholders' account deposits
Policyholders' account withdrawals
Shareholders' cash dividends
Class A common stock return
Net cash used in financing activities
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period
Reductions in mortgage loans due to foreclosure
Investment real estate held-for-sale acquired through foreclosure
Net cash used in investing activities

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