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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	279.34	252.7	247.3	304.16	299.67	307.86
Total Interest & Dividend Income	16.16	13.84	18.13	4.16	3.49	7.13
Gain (Loss) on Sale of Investments	5.12	0.72	1.25	-2.12	1.94	8.31
Other Revenue	-	-	-	-	92.01	77.65
Total Revenue	300.61	267.26	266.68	306.2	397.12	400.96
Revenue Growth (YoY)	10.97%	0.22%	-12.91%	-22.89%	-0.96%	-18.35%
Policy Benefits	184.34	163.76	184.08	203.46	151.88	130.36
Policy Acquisition & Underwriting Costs	49.04	49.04	58.76	81.91	91.06	105.9
Selling, General & Administrative	0.49	-	-	-	93.88	98.39
Provision for Bad Debts	-	-	-	-	10.06	23.27
Other Operating Expenses	28.26	26.63	26.32	18.32	37.01	46.73
Total Operating Expenses	262.13	239.42	269.16	303.69	383.9	404.66
Operating Income	38.48	27.84	-2.48	2.51	13.22	-3.7
Interest Expense	-	-	-	-	-	-0.23
EBT Excluding Unusual Items	38.48	27.84	-2.48	2.51	13.22	-3.94
Gain (Loss) on Sale of Assets	14.22	14.22	-	-	-	-
Pretax Income	52.7	42.06	-2.48	2.51	13.22	-3.94
Income Tax Expense	3.18	3.75	-	-	-	-
Net Income	49.51	38.31	-2.48	2.51	13.22	-3.94
Net Income to Common	49.51	38.31	-2.48	2.51	13.22	-3.94
Net Income Growth	173.54%	-	-	-81.04%	-	-
Shares Outstanding (Basic)	230	230	230	230	230	230
Shares Outstanding (Diluted)	230	230	230	230	230	230
Shares Change (YoY)	-0.03%	-	-	-	-	-
EPS (Basic)	0.22	0.17	-0.01	0.01	0.06	-0.02
EPS (Diluted)	0.22	0.17	-0.01	0.01	0.06	-0.02
EPS Growth	173.63%	-	-	-81.04%	-	-
Free Cash Flow	29.79	-25.82	38.97	1.37	-6.33	6.56
Free Cash Flow Per Share	0.13	-0.11	0.17	0.01	-0.03	0.03
Operating Margin	12.80%	10.42%	-0.93%	0.82%	3.33%	-0.92%
Profit Margin	16.47%	14.33%	-0.93%	0.82%	3.33%	-0.98%
Free Cash Flow Margin	9.91%	-9.66%	14.61%	0.45%	-1.59%	1.64%
EBITDA	38.41	28.86	2.65	7.88	18.2	1.77
EBITDA Margin	12.78%	10.80%	1.00%	2.57%	4.58%	0.44%
D&A For EBITDA	-0.07	1.02	5.13	5.37	4.98	5.47
EBIT	38.48	27.84	-2.48	2.51	13.22	-3.7
EBIT Margin	12.80%	10.42%	-0.93%	0.82%	3.33%	-0.92%
Effective Tax Rate	6.04%	8.92%	-	-	-	-

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