ADX:UNION Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	0.02	0.03	0.02
Other Investments	394.05	363.99	249.57	23.89	159.57
Total Investments	451.42	411.08	321.86	100.67	207.45
Cash & Equivalents	30.85	13.92	38.29	205.67	91.88
Reinsurance Recoverable	390.09	612.33	524.83	627.41	877.53
Other Receivables	48.66	50.31	37.7	78.17	284.67
Deferred Policy Acquisition Cost	-	-	-	-	19.06
Separate Account Assets	341.26	359.18	403.16	349.61	368.89
Property, Plant & Equipment	6.63	4.8	68.06	73.79	71.08
Other Intangible Assets	1.39	2.57	3.14	8.72	14.57
Restricted Cash	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	1,332	1,514	1,457	1,505	1,998
Accounts Payable	-	-	-	-	76.04
Accrued Expenses	8.49	15.95	16.41	-	47.07
Insurance & Annuity Liabilities	615.34	818.81	763.77	849.45	279.06
Unpaid Claims	-	-	-	14.33	693.86
Unearned Premiums	-	-	-	-	282.69
Reinsurance Payable	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	306.18	324.61	370.28	330.8	368.89
Other Current Liabilities	-	-	-	-	2
Other Long-Term Liabilities	94.23	93.16	82.97	57.33	-
Total Liabilities	1,042	1,271	1,252	1,298	1,763
Common Stock	230	330.94	330.94	330.94	330.94
Retained Earnings	59.15	-87.77	-126.08	-123.6	-95.61
Comprehensive Income & Other	0.17	0.17	0.16	0.17	0.16
Shareholders' Equity	289.31	243.34	205.03	207.51	235.49
Total Liabilities & Equity	1,332	1,514	1,457	1,505	1,998
Filing Date Shares Outstanding	250	250	250	250	250
Total Common Shares Outstanding	250	250	250	250	250
Total Debt	3.17	0.72	3.82	6.86	0.03
Net Cash (Debt)	27.68	13.2	34.47	198.81	91.85
Net Cash Growth	109.76%	-61.71%	-82.66%	116.45%	4708.85%
Net Cash Per Share	0.11	0.05	0.14	0.80	0.37
Book Value Per Share	1.16	0.97	0.82	0.83	0.94
Tangible Book Value	287.92	240.76	201.89	198.79	220.91
Tangible Book Value Per Share	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.