ADX:UNION Balance Sheet

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Equity & Preferred Securities	0.03	0.03	0.02	0.03	0.02	6.89
Other Investments	392.83	363.99	249.57	23.89	159.57	199.34
Total Investments	448.89	411.08	321.86	100.67	207.45	312.61
Cash & Equivalents	27.31	13.92	38.29	205.67	91.88	5.14
Reinsurance Recoverable	580.72	612.33	524.83	627.41	877.53	539.54
Other Receivables	40.27	50.31	37.7	78.17	284.67	324.96
Deferred Policy Acquisition Cost	-	-	-	-	19.06	20.83
Separate Account Assets	344.97	359.18	403.16	349.61	368.89	286.8
Property, Plant & Equipment	7.08	4.8	68.06	73.79	71.08	83.52
Other Intangible Assets	1.63	2.57	3.14	8.72	14.57	16.76
Restricted Cash	10	10	10	10	10	10
Other Current Assets	3.17	4.85	5.26	6.44	6.46	4.43
Other Long-Term Assets	45	45	45	45	46.4	21
Total Assets	1,509	1,514	1,457	1,505	1,998	1,626
Accounts Payable	-	-	-	-	76.04	125.69
Accrued Expenses	-	15.95	16.41	-	47.07	62.12
Insurance & Annuity Liabilities	802.52	818.81	763.77	849.45	279.06	260.29
Unpaid Claims	-	-	-	14.33	693.86	377.41
Unearned Premiums	-	-	-	-	282.69	275
Reinsurance Payable	1.68	1.56	1.07	24.79	-	-
Current Portion of Leases	3.53	0.72	3.09	3.03	0.03	2.62
Short-Term Debt	-	-	-	-	-	0.58
Current Income Taxes Payable	3.17	3.75	-	-	-	-
Long-Term Leases	-	-	0.73	3.82	-	0.03
Separate Account Liability	309.38	324.61	370.28	330.8	368.89	286.8
Other Current Liabilities	-	-	-	-	2	2.04
Other Long-Term Liabilities	102.29	93.16	82.97	57.33	-	-
Total Liabilities	1,232	1,271	1,252	1,298	1,763	1,404
Common Stock	230	330.94	330.94	330.94	330.94	330.94
Retained Earnings	47.12	-87.77	-126.08	-123.6	-95.61	-97.62
Comprehensive Income & Other	0.17	0.17	0.16	0.17	0.16	-11.27
Shareholders' Equity	277.29	243.34	205.03	207.51	235.49	222.04
Total Liabilities & Equity	1,509	1,514	1,457	1,505	1,998	1,626
Filing Date Shares Outstanding	230	230	230	230	230	230
Total Common Shares Outstanding	230	230	230	230	230	230
Total Debt	3.53	0.72	3.82	6.86	0.03	3.23
Net Cash (Debt)	23.78	13.2	34.47	198.81	91.85	1.91
Net Cash Growth	44.67%	-61.71%	-82.66%	116.45%	4708.85%	-94.88%
Net Cash Per Share	0.10	0.06	0.15	0.86	0.40	0.01
Book Value Per Share	1.21	1.06	0.89	0.90	1.02	0.97
Tangible Book Value	275.66	240.76	201.89	198.79	220.91	205.28
Tangible Book Value Per Share	1.20	1.05	0.88	0.86	0.96	0.89
Land	-	1.86	61.07	61.07	61.07	61.07
Machinery	-	27.27	27.16	31	30.46	29.52
Construction In Progress	-	-	0.18	0.61	3.12	12.06

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