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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	72.56	72.91	81.54	78.25	76.66	93.21
Total Interest & Dividend Income	15.09	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	-2.45	-	-	57.33	61.73	64.14
Total Revenue	106.67	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	-8.91	-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	34.51	31.97	13.91	-	-	-
Total Operating Expenses	70.71	69.28	76.26	121.27	100.11	111.84
Operating Income	35.96	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	35.55	41.3	20.86	38.64	54.8	71.1
Asset Writedown	-	-	2.1	-	-	-
Pretax Income	35.55	41.3	22.96	38.64	54.8	71.1
Net Income	34.85	41.3	22.96	38.64	54.8	71.1
Net Income to Common	34.85	41.3	22.96	38.64	54.8	71.1
Net Income Growth	-33.17%	79.88%	-40.57%	-29.48%	-22.93%	29.25%
Shares Outstanding (Basic)	101	100	100	100	100	100
Shares Outstanding (Diluted)	101	100	100	100	100	100
Shares Change (YoY)	1.18%	-	-	-	-	-
EPS (Basic)	0.35	0.41	0.23	0.39	0.55	0.71
EPS (Diluted)	0.35	0.41	0.23	0.39	0.55	0.71
EPS Growth	-33.95%	79.88%	-40.57%	-29.49%	-22.93%	29.25%
Free Cash Flow	26.16	5.02	24.28	12.56	9.07	24.06
Free Cash Flow Per Share	0.26	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	33.71%	37.57%	21.60%	24.26%	35.48%	38.99%
Profit Margin	32.67%	37.22%	23.61%	24.13%	35.31%	38.79%
Free Cash Flow Margin	24.52%	4.52%	24.96%	7.84%	5.85%	13.13%
EBITDA	36.47	42.18	21.71	39.62	55.84	72.11
EBITDA Margin	34.19%	38.01%	22.32%	24.75%	35.99%	39.34%
D&A For EBITDA	0.52	0.49	0.7	0.79	0.78	0.64
EBIT	35.96	41.69	21.01	38.83	55.06	71.47
EBIT Margin	33.71%	37.57%	21.60%	24.26%	35.48%	38.99%

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