Al Buhaira National Insurance Company P.S.C. (ADX:ABNIC)

ADX:ABNIC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	583.76	528.3	349.58	197.3	250.24	189.45
Total Interest & Dividend Income	37.62	39.27	30.07	31.57	28.12	38.88
Other Revenue	-	-	-	-	108.69	86.5
Total Revenue	621.39	567.57	379.65	228.87	387.05	314.83
Revenue Growth (YoY)	49.18%	49.50%	65.88%	-40.87%	22.94%	-5.66%
Policy Benefits	646.07	630.91	476.32	325.73	228.89	129.55
Policy Acquisition & Underwriting Costs	-43.94	-60.38	17.4	-82.72	27.9	46.62
Depreciation & Amortization	4.66	4.66	4.99	-	-	-
Selling, General & Administrative	40.69	38.59	30.68	7.42	67.24	65.85
Provision for Bad Debts	-	-	-	-	2.5	-
Other Operating Expenses	-94.09	-85.9	-72.79	1.52	-	-
Total Operating Expenses	597.98	572.48	494.19	251.95	326.52	242.03
Operating Income	23.41	-4.9	-114.55	-23.08	60.53	72.81
Interest Expense	-25.08	-25.14	-19.25	-11.84	-12.53	-18.1
Other Non Operating Income (Expenses)	-3.92	-3.92	-1.76	-	-	-
EBT Excluding Unusual Items	-5.59	-33.96	-135.56	-34.91	48	54.71
Asset Writedown	-3	-3	2.74	1.04	-23.01	-30.73
Other Unusual Items	0.04	0.04	0.06	-	0.04	-
Pretax Income	-8.56	-36.93	-132.76	-33.87	25.03	23.99
Net Income	-9	-36.93	-132.76	-33.87	25.03	23.99
Net Income to Common	-9	-36.93	-132.76	-33.87	25.03	23.99
Net Income Growth	-	-	-	-	4.38%	8.69%
Shares Outstanding (Basic)	250	250	250	250	250	250
Shares Outstanding (Diluted)	250	250	250	250	250	250
EPS (Basic)	-0.04	-0.15	-0.53	-0.14	0.10	0.10
EPS (Diluted)	-0.04	-0.15	-0.53	-0.14	0.10	0.10
EPS Growth	-	-	-	-	4.38%	8.69%
Free Cash Flow	83.8	75.74	-67.62	53.77	59.98	104.55
Free Cash Flow Per Share	0.34	0.30	-0.27	0.21	0.24	0.42
Dividend Per Share	-	-	-	-	0.100	0.100
Operating Margin	3.77%	-0.86%	-30.17%	-10.08%	15.64%	23.13%
Profit Margin	-1.45%	-6.51%	-34.97%	-14.80%	6.47%	7.62%
Free Cash Flow Margin	13.49%	13.34%	-17.81%	23.50%	15.50%	33.21%
EBITDA	23.91	-4.3	-113.96	-22.54	61.08	73.46
EBITDA Margin	3.85%	-0.76%	-30.02%	-9.85%	15.78%	23.33%
D&A For EBITDA	0.51	0.6	0.58	0.54	0.54	0.66
EBIT	23.41	-4.9	-114.55	-23.08	60.53	72.81
EBIT Margin	3.77%	-0.86%	-30.17%	-10.08%	15.64%	23.13%

Updated Nov 14, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.