ADX:UNION Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Equity & Preferred Securities	0.03	0.03	0.03	0.02	0.03	0.02
Other Investments	398.55	394.05	363.99	249.57	23.89	159.57
Total Investments	457.06	451.42	411.08	321.86	100.67	207.45
Cash & Equivalents	51.87	30.85	13.92	38.29	205.67	91.88
Reinsurance Recoverable	549.34	390.09	612.33	524.83	627.41	877.53
Other Receivables	50.77	48.66	50.31	37.7	78.17	284.67
Deferred Policy Acquisition Cost	-	-	-	-	-	19.06
Separate Account Assets	312.68	341.26	359.18	403.16	349.61	368.89
Property, Plant & Equipment	6.16	6.63	4.8	68.06	73.79	71.08
Other Intangible Assets	1.08	1.39	2.57	3.14	8.72	14.57
Restricted Cash	10	10	10	10	10	10
Other Current Assets	4.64	6.3	4.85	5.26	6.44	6.46
Other Long-Term Assets	45	45	45	45	45	46.4
Total Assets	1,489	1,332	1,514	1,457	1,505	1,998
Accounts Payable	-	-	-	-	-	76.04
Accrued Expenses	6.89	8.49	15.95	16.41	-	47.07
Insurance & Annuity Liabilities	786.19	615.34	818.81	763.77	849.45	279.06
Unpaid Claims	-	-	-	-	14.33	693.86
Unearned Premiums	-	-	-	-	-	282.69
Reinsurance Payable	1.9	1.79	1.56	1.07	24.79	-
Current Portion of Leases	2.86	1.64	0.72	3.09	3.03	0.03
Current Income Taxes Payable	5.72	4.36	3.75	-	-	-
Long-Term Leases	-	1.53	-	0.73	3.82	-
Separate Account Liability	283.18	306.18	324.61	370.28	330.8	368.89
Other Current Liabilities	-	-	-	-	-	2
Other Long-Term Liabilities	98.65	94.23	93.16	82.97	57.33	-
Total Liabilities	1,194	1,042	1,271	1,252	1,298	1,763
Common Stock	250	230	330.94	330.94	330.94	330.94
Retained Earnings	44.04	59.15	-87.77	-126.08	-123.6	-95.61
Comprehensive Income & Other	0.17	0.17	0.17	0.16	0.17	0.16
Shareholders' Equity	294.2	289.31	243.34	205.03	207.51	235.49
Total Liabilities & Equity	1,489	1,332	1,514	1,457	1,505	1,998
Filing Date Shares Outstanding	250	250	250	250	250	250
Total Common Shares Outstanding	250	250	250	250	250	250
Total Debt	2.86	3.17	0.72	3.82	6.86	0.03
Net Cash (Debt)	49.02	27.68	13.2	34.47	198.81	91.85
Net Cash Growth	143.12%	109.76%	-61.71%	-82.66%	116.45%	4708.85%
Net Cash Per Share	0.20	0.11	0.05	0.14	0.80	0.37
Book Value Per Share	1.18	1.16	0.97	0.82	0.83	0.94
Tangible Book Value	293.13	287.92	240.76	201.89	198.79	220.91
Tangible Book Value Per Share	1.17	1.15	0.96	0.81	0.80	0.88
Land	-	-	-	61.07	61.07	61.07
Machinery	-	-	-	27.16	31	30.46
Construction In Progress	-	-	-	0.18	0.61	3.12

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.