Insurance House P.S.C. (ADX:IH)

Insurance House P.S.C. 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-2.99	-19.69	-41.97	-27.75	9.52	10.89
Depreciation & Amortization	2.78	2.79	1.58	1.36	1.65	1.84
Gain (Loss) on Sale of Investments	0.14	0.05	-0.98	-2.25	-1.1	-1.39
Change in Accounts Receivable	-	-	-	-	-28.17	-3.79
Reinsurance Recoverable	2.16	-26.93	5.43	-48.59	-35.06	3.89
Change in Insurance Reserves / Liabilities	41.44	15.97	-27.94	63.86	37.2	-2.64
Change in Other Net Operating Assets	3.83	29.34	-31.03	-2.78	-0.09	-0.58
Other Operating Activities	-1.65	-1.5	-3.62	-3.48	-5.26	-6.4
Operating Cash Flow	45.71	0.02	-98.53	-19.63	-20.17	2.84
Capital Expenditures	-0.09	-0.43	-0.75	-1.11	-1.56	-3.99
Sale of Property, Plant & Equipment	-	-	34.6	-	-	-
Investment in Securities	1.5	1.47	52.21	10.77	6.01	-0.63
Other Investing Activities	1.38	1.74	2.94	3.8	3.94	5.43
Investing Cash Flow	2.79	2.78	89	13.46	8.39	0.81
Repurchases of Common Stock	-	-	-	-4.66	-	-
Common Dividends Paid	-1.24	-1.24	-1.24	-1.24	-5.99	-5.99
Other Financing Activities	-	-	-0.39	-0.86	-	-
Financing Cash Flow	-1.24	-1.24	-1.63	-6.75	-5.99	-5.99
Miscellaneous Cash Flow Adjustments	-	-	7	-	-	-
Net Cash Flow	47.26	1.57	-4.15	-12.93	-17.77	-2.34
Free Cash Flow	45.62	-0.41	-99.27	-20.75	-21.74	-1.15
Free Cash Flow Margin	37.98%	-0.25%	-89.36%	-16.43%	-13.75%	-0.66%
Free Cash Flow Per Share	0.43	-0.00	-0.84	-0.17	-0.18	-0.01
Levered Free Cash Flow	-	-3.36	-36.56	-189.93	14.31	-4.13
Unlevered Free Cash Flow	-	-3.36	-36.56	-189.93	14.31	-4.13
Change in Working Capital	47.43	18.38	-53.54	12.48	-26.11	-3.12

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.