Abu Dhabi National Insurance Company PJSC (ADX:ADNIC)

ADX:ADNIC 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	9,725	12,080	6,706	6,205	1,403	1,333
Total Interest & Dividend Income	196.29	211.52	178.35	147.96	146	140.77
Gain (Loss) on Sale of Investments	18.52	18.35	38.14	-15.04	15.16	-6.92
Other Revenue	-	-	-	-	234.34	201.06
Total Revenue	9,940	12,310	6,922	6,338	1,799	1,668
Revenue Growth (YoY)	-15.13%	77.82%	9.23%	252.30%	7.88%	-2.01%
Policy Benefits	8,621	11,049	5,975	5,528	912.58	831.37
Policy Acquisition & Underwriting Costs	548.03	548.03	335.42	279.9	233.29	205.21
Selling, General & Administrative	10.05	10.05	5.78	6.36	229.99	231.66
Provision for Bad Debts	-	-	-	-	4.28	9.26
Other Operating Expenses	254.02	247.77	202.7	172.94	-	-
Total Operating Expenses	9,433	11,855	6,519	5,988	1,380	1,277
Operating Income	507.07	454.59	403.32	350.06	418.78	390.1
EBT Excluding Unusual Items	507.07	454.59	403.32	350.06	418.78	390.1
Asset Writedown	11.85	11.85	-2.15	7.55	-16.97	-19.05
Pretax Income	518.92	466.44	401.17	357.61	401.82	371.05
Income Tax Expense	52.53	46.98	0	0.02	0.02	0.05
Earnings From Continuing Ops.	466.39	419.46	401.16	357.59	401.8	371
Minority Interest in Earnings	-7.23	-2.65	-	-	-	-
Net Income	459.16	416.81	401.16	357.59	401.8	371
Net Income to Common	459.16	416.81	401.16	357.59	401.8	371
Net Income Growth	13.53%	3.90%	12.19%	-11.00%	8.30%	30.52%
Shares Outstanding (Basic)	570	570	570	570	570	570
Shares Outstanding (Diluted)	570	570	570	570	570	570
EPS (Basic)	0.81	0.73	0.70	0.63	0.70	0.65
EPS (Diluted)	0.81	0.73	0.70	0.63	0.70	0.65
EPS Growth	13.53%	3.90%	12.19%	-11.00%	8.30%	29.93%
Free Cash Flow	43.8	23.76	283.47	316	523.7	174.04
Free Cash Flow Per Share	0.08	0.04	0.50	0.55	0.92	0.30
Dividend Per Share	0.450	0.450	0.450	0.400	0.400	0.350
Dividend Growth	-	-	12.50%	-	14.29%	16.67%
Operating Margin	5.10%	3.69%	5.83%	5.52%	23.28%	23.39%
Profit Margin	4.62%	3.39%	5.79%	5.64%	22.34%	22.25%
Free Cash Flow Margin	0.44%	0.19%	4.09%	4.99%	29.11%	10.44%
EBITDA	530.79	479.22	424.09	369.78	436.05	406.39
EBITDA Margin	5.34%	3.89%	6.13%	5.83%	24.24%	24.37%
D&A For EBITDA	23.72	24.63	20.77	19.72	17.27	16.3
EBIT	507.07	454.59	403.32	350.06	418.78	390.1
EBIT Margin	5.10%	3.69%	5.83%	5.52%	23.28%	23.39%
Effective Tax Rate	10.12%	10.07%	0.00%	0.01%	0.00%	0.01%

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