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

ADX:UNION Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Equity & Preferred Securities	0.03	0.03	0.02	0.03	0.02	6.89
Other Investments	369.11	363.99	249.57	23.89	159.57	199.34
Total Investments	414.76	411.08	321.86	100.67	207.45	312.61
Cash & Equivalents	20.16	13.92	38.29	205.67	91.88	5.14
Reinsurance Recoverable	593.51	612.33	524.83	627.41	877.53	539.54
Other Receivables	64.52	50.31	37.7	78.17	284.67	324.96
Deferred Policy Acquisition Cost	-	-	-	-	19.06	20.83
Separate Account Assets	338.66	359.18	403.16	349.61	368.89	286.8
Property, Plant & Equipment	3.93	4.8	68.06	73.79	71.08	83.52
Other Intangible Assets	2.26	2.57	3.14	8.72	14.57	16.76
Restricted Cash	10	10	10	10	10	10
Other Current Assets	4.12	4.85	5.26	6.44	6.46	4.43
Other Long-Term Assets	45	45	45	45	46.4	21
Total Assets	1,497	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	804.04	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	1.61	1.56	1.07	24.79	-	-
Current Portion of Leases	-	0.72	3.09	3.03	0.03	2.62
Short-Term Debt	-	-	-	-	-	0.58
Current Income Taxes Payable	4.9	3.75	-	-	-	-
Long-Term Leases	-	-	0.73	3.82	-	0.03
Separate Account Liability	306.3	324.61	370.28	330.8	368.89	286.8
Other Current Liabilities	-	-	-	-	2	2.04
Other Long-Term Liabilities	113.54	93.16	82.97	57.33	-	-
Total Liabilities	1,241	1,271	1,252	1,298	1,763	1,404
Common Stock	330.94	330.94	330.94	330.94	330.94	330.94
Retained Earnings	-74.72	-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	256.39	243.34	205.03	207.51	235.49	222.04
Total Liabilities & Equity	1,497	1,514	1,457	1,505	1,998	1,626
Filing Date Shares Outstanding	330.94	330.94	330.94	330.94	330.94	330.94
Total Common Shares Outstanding	330.94	330.94	330.94	330.94	330.94	330.94
Total Debt	-	0.72	3.82	6.86	0.03	3.23
Net Cash (Debt)	20.16	13.2	34.47	198.81	91.85	1.91
Net Cash Growth	-90.16%	-61.71%	-82.66%	116.45%	4708.85%	-94.88%
Net Cash Per Share	0.06	0.04	0.10	0.60	0.28	0.01
Book Value Per Share	0.77	0.74	0.62	0.63	0.71	0.67
Tangible Book Value	254.13	240.76	201.89	198.79	220.91	205.28
Tangible Book Value Per Share	0.77	0.73	0.61	0.60	0.67	0.62
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 Mar 20, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.