Al Fujairah National Insurance Company P.J.S.C (ADX:AFNIC)

ADX:AFNIC Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	71.48	25.03	-7.98	-20.91	18.69
Depreciation & Amortization	15.68	15	14.93	18.32	17.62
Gain (Loss) on Sale of Assets	-0.28	-0.04	-0.06	-0.01	-0.22
Gain (Loss) on Sale of Investments	-9.49	-11.15	1.9	-0.94	-5.07
Change in Accounts Receivable	-	-	-	-8.42	-8.3
Reinsurance Recoverable	68.11	-59	-31.76	-34.94	-0.69
Change in Accounts Payable	-	-	-	2.5	-
Change in Insurance Reserves / Liabilities	34.51	142.01	83.07	56.74	-3.22
Change in Other Net Operating Assets	5.92	6.18	4.84	-	0.46
Other Operating Activities	-22.59	-14.86	-12.31	-7.45	-10.22
Operating Cash Flow	165.55	102.11	50.15	5.17	7.66
Operating Cash Flow Growth	62.13%	103.60%	870.70%	-32.54%	-62.35%
Capital Expenditures	-2.5	-1.45	-1.34	-1.03	-2.28
Sale of Property, Plant & Equipment	0.28	0.03	0.08	0.01	0.22
Investment in Securities	-225.89	-22.95	-47.11	10.86	20.94
Other Investing Activities	27.61	19.99	12.29	10.51	10.56
Investing Cash Flow	-200.51	-4.38	-36.08	20.36	29.44
Total Debt Repaid	-13.95	-12.97	-12.53	-11.41	-16.09
Net Debt Issued (Repaid)	-13.95	-12.97	-12.53	-11.41	-16.09
Common Dividends Paid	-	-	-	-13.31	-18.15
Financing Cash Flow	-13.95	-12.97	-12.53	-24.72	-34.24
Net Cash Flow	-48.91	84.76	1.54	0.81	2.85
Free Cash Flow	163.05	100.67	48.81	4.14	5.38
Free Cash Flow Growth	61.97%	106.24%	1079.90%	-23.07%	-69.55%
Free Cash Flow Margin	23.32%	22.38%	16.64%	1.70%	2.83%
Free Cash Flow Per Share	122.50	75.63	36.67	3.11	4.04
Cash Income Tax Paid	1.62	-	-	-	-
Levered Free Cash Flow	140.14	3.64	-	-	1.96
Unlevered Free Cash Flow	140.14	3.64	-	-	2.06
Change in Working Capital	108.53	89.2	56.16	15.89	-11.75

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.