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

ADX:UNION Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Equity & Preferred Securities	-	0.03	0.03	0.02	0.03	0.02
Other Investments	507.24	394.05	363.99	249.57	23.89	159.57
Total Investments	507.24	451.42	411.08	321.86	100.67	207.45
Cash & Equivalents	86.43	30.85	13.92	38.29	205.67	91.88
Reinsurance Recoverable	552.23	390.09	612.33	524.83	627.41	877.53
Other Receivables	54.65	48.66	50.31	37.7	78.17	284.67
Deferred Policy Acquisition Cost	-	-	-	-	-	19.06
Separate Account Assets	336.95	341.26	359.18	403.16	349.61	368.89
Property, Plant & Equipment	6.31	6.63	4.8	68.06	73.79	71.08
Other Intangible Assets	0.94	1.39	2.57	3.14	8.72	14.57
Restricted Cash	10	10	10	10	10	10
Other Current Assets	-	6.3	4.85	5.26	6.44	6.46
Other Long-Term Assets	-	45	45	45	45	46.4
Total Assets	1,555	1,332	1,514	1,457	1,505	1,998

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	-	-	-	-	-	76.04
Accrued Expenses	-	8.49	15.95	16.41	-	47.07
Insurance & Annuity Liabilities	819.66	615.34	818.81	763.77	849.45	279.06
Unpaid Claims	-	-	-	-	14.33	693.86
Unearned Premiums	-	-	-	-	-	282.69
Reinsurance Payable	1.24	1.79	1.56	1.07	24.79	-
Current Portion of Leases	-	1.64	0.72	3.09	3.03	0.03
Current Income Taxes Payable	-	4.36	3.75	-	-	-
Long-Term Leases	-	1.53	-	0.73	3.82	-
Separate Account Liability	303.75	306.18	324.61	370.28	330.8	368.89
Other Current Liabilities	-	-	-	-	-	2
Other Long-Term Liabilities	115.08	94.23	93.16	82.97	57.33	-
Total Liabilities	1,249	1,042	1,271	1,252	1,298	1,763

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	250	230	330.94	330.94	330.94	330.94
Retained Earnings	55.82	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	305.99	289.31	243.34	205.03	207.51	235.49
Total Liabilities & Equity	1,555	1,332	1,514	1,457	1,505	1,998

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	250.72	250	250	250	250	250
Total Common Shares Outstanding	250.72	250	250	250	250	250
Total Debt	-	3.17	0.72	3.82	6.86	0.03
Net Cash (Debt)	86.43	27.68	13.2	34.47	198.81	91.85
Net Cash Growth	101.42%	109.76%	-61.71%	-82.66%	116.45%	4708.85%
Net Cash Per Share	0.34	0.11	0.05	0.14	0.80	0.37
Book Value Per Share	1.22	1.16	0.97	0.82	0.83	0.94
Tangible Book Value	305.05	287.92	240.76	201.89	198.79	220.91
Tangible Book Value Per Share	1.22	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

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 12, 2026

Data Sources Report a data error