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

ADX:FIDELITYUNITED Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Equity & Preferred Securities	99.3	126.97	113.58	122.13	99.9	56.81
Other Investments	3	13	13	23	32	56
Total Investments	292.8	341.05	329.21	295.21	243.41	207.19
Cash & Equivalents	53.47	8.97	63.23	35.74	39	36.62
Reinsurance Recoverable	451.41	450.86	212.8	150.47	12.66	6.98
Other Receivables	2.85	6.16	4.65	4.19	222.41	209.41
Deferred Policy Acquisition Cost	-	-	-	-	28.85	32.73
Property, Plant & Equipment	9.23	9.61	11.77	22.96	10.64	10.62
Restricted Cash	10	10	10	10	10	6
Other Current Assets	11.16	2.04	2.02	2.1	1.74	2.87
Long-Term Deferred Tax Assets	8.8	7.41	-	-	-	-
Total Assets	839.73	836.12	633.67	520.67	568.72	512.42
Accrued Expenses	21.17	11.54	12.06	8.78	8.86	10.75
Insurance & Annuity Liabilities	677.67	695.53	465.5	340.61	143.97	120.82
Unpaid Claims	-	-	-	-	136.76	127.27
Unearned Premiums	-	-	-	-	168.18	170.01
Reinsurance Payable	14.42	3.81	5.44	7.5	-	-
Current Portion of Leases	-	1.36	1.6	3.99	0.94	0.76
Long-Term Debt	40	20	-	-	-	-
Long-Term Leases	4.58	4.28	5.59	13.57	5.67	5.78
Long-Term Deferred Tax Liabilities	2.04	2.06	-	-	-	-
Other Current Liabilities	-	1.53	1.65	5.85	0.35	0.17
Other Long-Term Liabilities	-	4.06	3.04	-	-	-
Total Liabilities	763.47	747.85	499.36	384.46	468.12	437.7
Common Stock	160	160	160	160	100	100
Retained Earnings	-94.41	-86.56	-29.68	-17.17	-13.27	-21.31
Comprehensive Income & Other	10.68	14.82	3.99	-6.62	13.87	-3.97
Shareholders' Equity	76.26	88.26	134.31	136.21	100.59	74.72
Total Liabilities & Equity	839.73	836.12	633.67	520.67	568.72	512.42
Filing Date Shares Outstanding	160	160	160	160	100	100
Total Common Shares Outstanding	160	160	160	160	100	100
Total Debt	44.58	25.64	7.19	17.57	6.62	6.54
Net Cash (Debt)	8.89	-16.67	56.04	18.17	32.38	30.09
Net Cash Growth	-75.94%	-	208.45%	-43.90%	7.63%	-2.46%
Net Cash Per Share	0.06	-0.10	0.35	0.15	0.32	0.30
Book Value Per Share	0.48	0.55	0.84	0.85	1.01	0.75
Tangible Book Value	76.26	88.26	134.31	136.21	100.59	74.72
Tangible Book Value Per Share	0.48	0.55	0.84	0.85	1.01	0.75
Machinery	-	12.09	11.48	10.17	7.99	7.6
Construction In Progress	-	0.31	0.12	0.79	0.81	0.08

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