Union Insurance Company P.J.S.C. (ADX:UNION)

ADX:UNION Income 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	262.2	252.7	247.3	304.16	299.67	307.86
Total Interest & Dividend Income	14.77	13.84	18.13	4.16	3.49	7.13
Gain (Loss) on Sale of Investments	4.42	0.72	1.25	-2.12	1.94	8.31
Other Revenue	-	-	-	-	92.01	77.65
Total Revenue	281.39	267.26	266.68	306.2	397.12	400.96
Revenue Growth (YoY)	1.46%	0.22%	-12.91%	-22.89%	-0.96%	-18.35%
Policy Benefits	207.57	163.76	184.08	203.46	151.88	130.36
Policy Acquisition & Underwriting Costs	47.08	49.04	58.76	81.91	91.06	105.9
Selling, General & Administrative	-	-	-	-	93.88	98.39
Provision for Bad Debts	-	-	-	-	10.06	23.27
Other Operating Expenses	-11.79	26.63	26.32	18.32	37.01	46.73
Total Operating Expenses	242.86	239.42	269.16	303.69	383.9	404.66
Operating Income	38.53	27.84	-2.48	2.51	13.22	-3.7
Interest Expense	-	-	-	-	-	-0.23
EBT Excluding Unusual Items	38.53	27.84	-2.48	2.51	13.22	-3.94
Gain (Loss) on Sale of Assets	14.22	14.22	-	-	-	-
Pretax Income	52.75	42.06	-2.48	2.51	13.22	-3.94
Income Tax Expense	4.62	3.75	-	-	-	-
Net Income	48.13	38.31	-2.48	2.51	13.22	-3.94
Net Income to Common	48.13	38.31	-2.48	2.51	13.22	-3.94
Net Income Growth	-	-	-	-81.04%	-	-
Shares Outstanding (Basic)	230	230	230	230	230	230
Shares Outstanding (Diluted)	230	230	230	230	230	230
EPS (Basic)	0.21	0.17	-0.01	0.01	0.06	-0.02
EPS (Diluted)	0.21	0.17	-0.01	0.01	0.06	-0.02
EPS Growth	-	-	-	-81.04%	-	-
Free Cash Flow	26.48	-25.82	38.97	1.37	-6.33	6.56
Free Cash Flow Per Share	0.12	-0.11	0.17	0.01	-0.03	0.03
Operating Margin	13.69%	10.42%	-0.93%	0.82%	3.33%	-0.92%
Profit Margin	17.11%	14.33%	-0.93%	0.82%	3.33%	-0.98%
Free Cash Flow Margin	9.41%	-9.66%	14.61%	0.45%	-1.59%	1.64%
EBITDA	38.66	28.86	2.65	7.88	18.2	1.77
EBITDA Margin	13.74%	10.80%	1.00%	2.57%	4.58%	0.44%
D&A For EBITDA	0.12	1.02	5.13	5.37	4.98	5.47
EBIT	38.53	27.84	-2.48	2.51	13.22	-3.7
EBIT Margin	13.69%	10.42%	-0.93%	0.82%	3.33%	-0.92%
Effective Tax Rate	8.75%	8.92%	-	-	-	-

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