Al Wathba National Insurance Company PJSC (ADX:AWNIC)

ADX:AWNIC Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	36.8	177.09	31.39	164.17
Depreciation & Amortization	1.57	1.78	1.83	1.89
Gain (Loss) on Sale of Assets	-0.09	-0.02	1.54	0.01
Gain (Loss) on Sale of Investments	24	-178.73	18.24	-163.75
Change in Accounts Receivable	-128.36	23.73	-10.55	-7.89
Reinsurance Recoverable	-	-	-	-14.32
Change in Accounts Payable	-	-	-20.65	27.25
Change in Unearned Revenue	-	-	-	7.24
Change in Insurance Reserves / Liabilities	202.29	4.43	-23.65	12.97
Change in Other Net Operating Assets	9.28	15.37	15.04	-
Other Operating Activities	-24.62	-22.31	-23.53	-17.66
Operating Cash Flow	37.81	-39.39	-64.01	11.39
Operating Cash Flow Growth	-	-	-	-80.36%
Capital Expenditures	-0.77	-1.6	-1.36	-1.19
Sale of Property, Plant & Equipment	0.15	19.96	0.02	-
Investment in Securities	49.12	219.43	221.71	-36.14
Other Investing Activities	35.81	31.65	36.43	28.71
Investing Cash Flow	-0.77	222.82	236.58	-8.87
Long-Term Debt Issued	185	12.39	-	-
Total Debt Repaid	-167.85	-132.79	-143.54	-29.69
Net Debt Issued (Repaid)	17.15	-120.4	-143.54	-29.69
Common Dividends Paid	-51.75	-47.63	-41.4	-10.35
Other Financing Activities	-8.15	-3.19	9.88	43.99
Financing Cash Flow	-42.74	-171.22	-175.05	3.95
Net Cash Flow	-5.7	12.22	-2.48	6.47
Free Cash Flow	37.04	-40.99	-65.37	10.21
Free Cash Flow Growth	-	-	-	-82.09%
Free Cash Flow Margin	9.84%	-10.33%	-21.61%	2.35%
Free Cash Flow Per Share	0.18	-0.20	-0.32	0.05
Cash Interest Paid	8.15	9.68	11.47	8.5
Levered Free Cash Flow	-20.93	-62.42	238.4	-25.45
Unlevered Free Cash Flow	-20.93	-56.37	245.57	-20.13
Change in Working Capital	83.21	43.53	-39.81	25.26

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.