Al Dhafra Insurance Company P.S.C. (ADX: DHAFRA)

DHAFRA Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	72.16	72.91	81.54	78.25	76.66	93.21
Total Interest & Dividend Income	19.15	16.6	15.6	17.23	18.79	23.36
Gain (Loss) on Sale of Investments	21.47	21.47	0.13	7.28	-2.01	2.6
Other Revenue	-4.43	-	-	57.33	61.73	64.14
Total Revenue	108.34	110.97	97.27	160.1	155.16	183.31
Revenue Growth (YoY)	-	14.09%	-39.25%	3.18%	-15.35%	-3.26%
Policy Benefits	-12.2	-7.82	11.65	33.68	23.78	30.19
Policy Acquisition & Underwriting Costs	45.12	45.12	50.7	44.96	34.67	36.99
Selling, General & Administrative	-	-	-	42.63	41.66	44.66
Other Operating Expenses	32.58	31.97	13.91	-	-	-
Total Operating Expenses	65.5	69.28	76.26	121.27	100.11	111.84
Operating Income	42.84	41.69	21.01	38.83	55.06	71.47
Interest Expense	-0.39	-0.39	-0.15	-0.19	-0.26	-0.38
EBT Excluding Unusual Items	42.43	41.3	20.86	38.64	54.8	71.1
Asset Writedown	-	-	2.1	-	-	-
Pretax Income	42.43	41.3	22.96	38.64	54.8	71.1
Net Income	38.63	41.3	22.96	38.64	54.8	71.1
Net Income to Common	38.63	41.3	22.96	38.64	54.8	71.1
Net Income Growth	-25.28%	79.88%	-40.57%	-29.48%	-22.93%	29.25%
Shares Outstanding (Basic)	99	100	100	100	100	100
Shares Outstanding (Diluted)	99	100	100	100	100	100
Shares Change (YoY)	-1.74%	-	-	-	-	-
EPS (Basic)	0.39	0.41	0.23	0.39	0.55	0.71
EPS (Diluted)	0.39	0.41	0.23	0.39	0.55	0.71
EPS Growth	-23.96%	79.88%	-40.57%	-29.49%	-22.93%	29.25%
Free Cash Flow	55.51	5.02	24.28	12.56	9.07	24.06
Free Cash Flow Per Share	0.56	0.05	0.24	0.13	0.09	0.24
Dividend Per Share	0.350	0.350	0.300	0.350	0.400	0.400
Dividend Growth	16.67%	16.67%	-14.29%	-12.50%	0%	14.29%
Operating Margin	39.54%	37.57%	21.60%	24.26%	35.48%	38.99%
Profit Margin	35.65%	37.22%	23.61%	24.13%	35.31%	38.79%
Free Cash Flow Margin	51.23%	4.52%	24.96%	7.84%	5.85%	13.13%
EBITDA	43.34	42.18	21.71	39.62	55.84	72.11
EBITDA Margin	40.00%	38.01%	22.32%	24.75%	35.99%	39.34%
D&A For EBITDA	0.5	0.49	0.7	0.79	0.78	0.64
EBIT	42.84	41.69	21.01	38.83	55.06	71.47
EBIT Margin	39.54%	37.57%	21.60%	24.26%	35.48%	38.99%

Source: S&P Capital IQ. Insurance template. Financial Sources.