United Fidelity Insurance Company (P.S.C.) (ADX:FIDELITYUNITED)

ADX:FIDELITYUNITED Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Equity & Preferred Securities	-	113.58	122.13	99.9	56.81
Other Investments	-	13	23	32	56
Total Investments	-	329.21	295.21	243.41	207.19
Cash & Equivalents	-	63.23	35.74	39	36.62
Reinsurance Recoverable	-	212.8	150.47	12.66	6.98
Other Receivables	-	4.65	4.19	222.41	209.41
Deferred Policy Acquisition Cost	-	-	-	28.85	32.73
Property, Plant & Equipment	-	11.77	22.96	10.64	10.62
Restricted Cash	-	10	10	10	6
Other Current Assets	-	2.02	2.1	1.74	2.87
Total Assets	-	633.67	520.67	568.72	512.42
Accrued Expenses	-	12.06	8.78	8.86	10.75
Insurance & Annuity Liabilities	-	465.5	340.61	143.97	120.82
Unpaid Claims	-	-	-	136.76	127.27
Unearned Premiums	-	-	-	168.18	170.01
Reinsurance Payable	-	5.44	7.5	-	-
Current Portion of Leases	-	1.6	3.99	0.94	0.76
Long-Term Leases	-	5.59	13.57	5.67	5.78
Other Current Liabilities	-	4.69	5.85	0.35	0.17
Total Liabilities	-	499.36	384.46	468.12	437.7
Common Stock	-	160	160	100	100
Retained Earnings	-	-29.68	-17.17	-13.27	-21.31
Comprehensive Income & Other	-	3.99	-6.62	13.87	-3.97
Shareholders' Equity	131.09	134.31	136.21	100.59	74.72
Total Liabilities & Equity	-	633.67	520.67	568.72	512.42
Filing Date Shares Outstanding	159.89	160	160	100	100
Total Common Shares Outstanding	160	160	160	100	100
Total Debt	7.35	7.19	17.57	6.62	6.54
Net Cash (Debt)	22.72	56.04	18.17	32.38	30.09
Net Cash Growth	-59.45%	208.45%	-43.90%	7.63%	-2.46%
Net Cash Per Share	0.14	0.35	0.15	0.32	0.30
Book Value Per Share	0.82	0.84	0.85	1.01	0.75
Tangible Book Value	131.09	134.31	136.21	100.59	74.72
Tangible Book Value Per Share	0.82	0.84	0.85	1.01	0.75
Machinery	-	11.48	10.17	7.99	7.6
Construction In Progress	-	0.12	0.79	0.81	0.08

Updated Feb 16, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.