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

ADX:UNION Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	38.31	-2.48	2.51	13.22	-3.94
Depreciation & Amortization	3.97	8.13	8.39	7.95	9.56
Other Amortization	1.23	2.12	3.09	2.92	2.63
Gain (Loss) on Sale of Assets	-14.22	1.3	-0	-0.03	-
Gain (Loss) on Sale of Investments	-0.44	-1.25	2.12	-1.94	8.95
Change in Accounts Receivable	-	6.4	-35.19	27.86	48.34
Reinsurance Recoverable	-87.01	84.15	38.77	-343.25	50.54
Change in Insurance Reserves / Liabilities	55.04	-54.6	-35.34	281.52	-124.23
Change in Other Net Operating Assets	-4.17	17.83	-1.05	-	-1.26
Other Operating Activities	-17.95	-17.08	-7.2	-5.04	-4.62
Operating Cash Flow	-25.24	39.89	2.59	-4.34	9.25
Operating Cash Flow Growth	-	1437.82%	-	-	-89.91%
Capital Expenditures	-0.59	-0.93	-1.23	-1.99	-2.7
Sale of Property, Plant & Equipment	73.43	0.02	0	0.03	-
Investment in Securities	-88.78	-219.94	106.08	90.13	-21.54
Other Investing Activities	20.05	16.97	9.17	6.23	7.43
Investing Cash Flow	4.11	-203.88	114.02	94.39	-16.81
Total Debt Repaid	-3.24	-3.39	-2.83	-2.73	-3.99
Net Debt Issued (Repaid)	-3.24	-3.39	-2.83	-2.73	-3.99
Other Financing Activities	-	-	-	-	-0.57
Financing Cash Flow	-3.24	-3.39	-2.83	-2.73	-4.56
Net Cash Flow	-24.37	-167.38	113.79	87.32	-12.12
Free Cash Flow	-25.82	38.97	1.37	-6.33	6.56
Free Cash Flow Growth	-	2752.49%	-	-	-92.71%
Free Cash Flow Margin	-9.66%	14.61%	0.45%	-1.59%	1.64%
Free Cash Flow Per Share	-0.08	0.12	0.00	-0.02	0.02
Cash Interest Paid	-	-	-	-	0.57
Levered Free Cash Flow	624.98	-576.06	-33.52	14.1	-299.44
Unlevered Free Cash Flow	624.98	-576.06	-33.52	14.1	-299.3
Change in Net Working Capital	-602.96	583.83	45.33	3.04	306.47

Updated Mar 20, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.