Al Wathba National Insurance Company PJSC (ADX:AWNIC)

Smartsheet Cash Flow 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
Net Income	48.9	36.8	177.09	31.39	164.17	15.22
Depreciation & Amortization	1.51	1.57	1.78	1.83	1.89	1.57
Gain (Loss) on Sale of Assets	-0.08	-0.09	-0.02	1.54	0.01	-0.01
Gain (Loss) on Sale of Investments	42.02	24	-178.73	18.24	-163.75	12.36
Change in Accounts Receivable	-128.36	-128.36	23.73	-10.55	-7.89	-37.42
Reinsurance Recoverable	87.28	-	-	-	-14.32	8.42
Change in Accounts Payable	-	-	-	-20.65	27.25	25.76
Change in Unearned Revenue	-	-	-	-	7.24	12.08
Change in Insurance Reserves / Liabilities	128.04	202.29	4.43	-23.65	12.97	8.58
Change in Other Net Operating Assets	-1.81	9.28	15.37	15.04	-	-
Other Operating Activities	-47.31	-24.62	-22.31	-23.53	-17.66	-14.6
Operating Cash Flow	50.02	37.81	-39.39	-64.01	11.39	58.02
Operating Cash Flow Growth	-	-	-	-	-80.36%	106.69%
Capital Expenditures	-0.7	-0.77	-1.6	-1.36	-1.19	-1.05
Sale of Property, Plant & Equipment	0.08	0.15	19.96	0.02	-	0.01
Investment in Securities	61.98	49.12	219.43	221.71	-36.14	40.89
Other Investing Activities	32.07	35.81	31.65	36.43	28.71	31.06
Investing Cash Flow	14.6	-0.77	222.82	236.58	-8.87	70.89
Long-Term Debt Issued	-	185	12.39	-	-	373.67
Total Debt Repaid	-132.83	-167.85	-132.79	-143.54	-29.69	-
Net Debt Issued (Repaid)	27.18	17.15	-120.4	-143.54	-29.69	373.67
Common Dividends Paid	-51.75	-51.75	-47.63	-41.4	-10.35	-
Other Financing Activities	-8.03	-8.15	-3.19	9.88	43.99	-91.51
Financing Cash Flow	-32.61	-42.74	-171.22	-175.05	3.95	282.17
Net Cash Flow	32.01	-5.7	12.22	-2.48	6.47	411.08
Free Cash Flow	49.32	37.04	-40.99	-65.37	10.21	56.98
Free Cash Flow Growth	-	-	-	-	-82.09%	119.41%
Free Cash Flow Margin	8.71%	7.30%	-10.33%	-21.61%	2.35%	22.20%
Free Cash Flow Per Share	0.24	0.18	-0.20	-0.32	0.05	0.28
Cash Interest Paid	8.03	8.15	9.68	11.47	8.5	13.23
Levered Free Cash Flow	4.27	-29.47	-62.42	238.4	-25.45	-6.2
Unlevered Free Cash Flow	9.29	-24.37	-56.37	245.57	-20.13	2.07
Change in Net Working Capital	-20.46	6.66	136.57	-239.5	146	34.61

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.