Emirates Insurance Company P.J.S.C. (ADX:EIC)

ADX:EIC Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	137.08	138.44	110.75	126.29	55.8	71.01
Depreciation & Amortization	4.49	4.22	3.58	3.54	4.17	5.23
Gain (Loss) on Sale of Assets	-0.03	-0.03	-0.01	-0.08	-0.04	-0.02
Gain (Loss) on Sale of Investments	-13.12	-23.08	-10.62	-32.18	26.2	-25.77
Change in Accounts Receivable	-2	-2.55	-	2.38	-2.38	-6.99
Reinsurance Recoverable	218.08	264.61	-504.2	-168.78	217.93	274.07
Change in Unearned Revenue	-	-	-	-	-	7.42
Change in Insurance Reserves / Liabilities	-10.18	-82.24	456.57	81.72	-218.53	-258.33
Change in Other Net Operating Assets	-21.96	-0.6	-12.73	55.23	3.24	-3.99
Other Operating Activities	-59.7	-65.99	-65.6	-53.46	-55.8	-40.47
Operating Cash Flow	255.69	228.9	-19.46	-11.02	62.62	29.24
Operating Cash Flow Growth	-	-	-	-	114.17%	-58.61%
Capital Expenditures	-10.75	-10.36	-4.99	-1.54	-2.95	-1.99
Sale of Property, Plant & Equipment	0.03	0.03	0.01	0.13	0.08	0.02
Investment in Securities	-208.07	-79.87	181.97	29.97	-88.11	59.05
Other Investing Activities	68.54	66.06	75.27	56.02	51.06	43.86
Investing Cash Flow	-150.24	-24.14	252.26	84.58	-39.92	100.94
Total Debt Repaid	-	-	-	-0.03	-0.03	-0.03
Net Debt Issued (Repaid)	-	-	-	-0.03	-0.03	-0.03
Repurchases of Common Stock	-140.87	-140.87	-	-	-	-
Common Dividends Paid	-75	-75	-82.5	-75	-75	-90
Financing Cash Flow	-215.87	-215.87	-82.5	-75.03	-75.03	-90.03
Net Cash Flow	-110.43	-11.11	150.31	-1.47	-52.33	40.15
Free Cash Flow	244.94	218.55	-24.45	-12.56	59.67	27.25
Free Cash Flow Growth	-	-	-	-	118.97%	-59.46%
Free Cash Flow Margin	33.79%	31.42%	-3.97%	-2.23%	5.27%	4.83%
Free Cash Flow Per Share	1.64	1.46	-0.16	-0.08	0.40	0.18
Cash Income Tax Paid	7.98	7.98	-	-	-	-
Levered Free Cash Flow	233.74	342.1	-457.72	-445.82	-460.84	160.91
Unlevered Free Cash Flow	233.74	342.1	-457.72	-445.82	-460.84	160.91
Change in Working Capital	186.97	175.34	-57.56	-55.13	32.29	18.56

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