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	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-64.4	-17.43	3.65	8.04
Depreciation & Amortization	2.95	5.33	4.3	1.9
Gain (Loss) on Sale of Investments	2.43	0.53	8.09	-10.37
Change in Accounts Receivable	-	-	-	-15.23
Reinsurance Recoverable	-240.21	-64.6	-111.61	-6.08
Change in Unearned Revenue	-	-	-	2.25
Change in Insurance Reserves / Liabilities	228.4	122.83	-	26.86
Change in Other Net Operating Assets	-1.83	0.91	-2.45	1.78
Other Operating Activities	-28.72	-17.27	-30.9	-5.61
Operating Cash Flow	-99.24	32.64	-8.22	12.4
Operating Cash Flow Growth	-	-	-	-81.94%
Capital Expenditures	-0.8	-0.64	-2.15	-1.12
Investment in Securities	15.81	-18.64	-58.96	-15.01
Other Investing Activities	21.88	17.99	10.85	7.1
Investing Cash Flow	36.89	-1.3	-50.26	-9.04
Long-Term Debt Issued	20	-	-	-
Total Debt Repaid	-1.55	-3.12	-3.51	-0.73
Net Debt Issued (Repaid)	18.45	-3.12	-3.51	-0.73
Issuance of Common Stock	-	-	60	-
Other Financing Activities	-0.36	-0.73	-1.27	-0.26
Financing Cash Flow	18.09	-3.85	55.22	-0.99
Net Cash Flow	-44.26	27.49	-3.26	2.37
Free Cash Flow	-100.04	32	-10.38	11.28
Free Cash Flow Growth	-	-	-	-83.40%
Free Cash Flow Margin	-33.47%	11.82%	-4.75%	4.61%
Free Cash Flow Per Share	-0.63	0.20	-0.08	0.11
Cash Interest Paid	0.36	0.73	0.6	0.26
Levered Free Cash Flow	-53.06	0.38	-49.49	-4.89
Unlevered Free Cash Flow	-53.06	0.38	-49.49	-4.89
Change in Working Capital	-13.65	59.14	6.24	13.46

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.