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

ADX:FIDELITYUNITED Cash Flow Statement

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
Net Income	-78.72	-64.4	-17.43	3.65	8.04	3.62
Depreciation & Amortization	2.93	2.95	5.33	4.3	1.9	1.87
Gain (Loss) on Sale of Investments	1.84	2.43	0.53	8.09	-10.37	-2.98
Change in Accounts Receivable	-	-	-	-	-15.23	-16.72
Reinsurance Recoverable	-229.05	-240.21	-64.6	-111.61	-6.08	-51.4
Change in Unearned Revenue	-	-	-	-	2.25	1.91
Change in Insurance Reserves / Liabilities	228.4	228.4	122.83	-	26.86	148.29
Change in Other Net Operating Assets	6.69	-1.83	0.91	-2.45	1.78	-0.2
Other Operating Activities	-26.18	-28.72	-17.27	-30.9	-5.61	-4.7
Operating Cash Flow	-111.77	-99.24	32.64	-8.22	12.4	68.65
Operating Cash Flow Growth	-	-	-	-	-81.94%	230.83%
Capital Expenditures	-1.05	-0.8	-0.64	-2.15	-1.12	-0.69
Investment in Securities	67.72	15.81	-18.64	-58.96	-15.01	-73.98
Other Investing Activities	17.39	21.88	17.99	10.85	7.1	5.55
Investing Cash Flow	84.06	36.89	-1.3	-50.26	-9.04	-69.12
Long-Term Debt Issued	-	20	-	-	-	-
Total Debt Repaid	-2.59	-1.55	-3.12	-3.51	-0.73	-0.72
Net Debt Issued (Repaid)	37.41	18.45	-3.12	-3.51	-0.73	-0.72
Issuance of Common Stock	-	-	-	60	-	-
Other Financing Activities	-0.36	-0.36	-0.73	-1.27	-0.26	-0.29
Financing Cash Flow	37.05	18.09	-3.85	55.22	-0.99	-1.01
Net Cash Flow	9.34	-44.26	27.49	-3.26	2.37	-1.47
Free Cash Flow	-112.81	-100.04	32	-10.38	11.28	67.96
Free Cash Flow Growth	-	-	-	-	-83.40%	302.84%
Free Cash Flow Margin	-39.03%	-33.47%	11.82%	-4.75%	4.61%	40.14%
Free Cash Flow Per Share	-0.70	-0.63	0.20	-0.08	0.11	0.68
Cash Interest Paid	0.79	0.36	0.73	0.6	0.26	0.29
Levered Free Cash Flow	-32.04	-53.06	0.38	-49.49	-4.89	47.97
Unlevered Free Cash Flow	-32.04	-53.06	0.38	-49.49	-4.89	47.97
Change in Net Working Capital	-20.5	10.38	-6.5	53.92	12.57	-42.64

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