Dubai National Insurance & Reinsurance Co. (P.S.C.) (DFM:DNIR)

DFM:DNIR Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	294.06	265.12	222.04	152.44	101.37	117.72
Total Interest & Dividend Income	46.78	50.62	28.51	27.25	28.06	27.19
Other Revenue	-	-	-	-	23.62	21.03
Total Revenue	340.84	315.74	250.55	179.69	153.04	165.94
Revenue Growth (YoY)	18.25%	26.02%	39.44%	17.42%	-7.78%	-3.73%
Policy Benefits	274.17	267.41	206.28	142.2	36.91	43.7
Policy Acquisition & Underwriting Costs	2.62	-	-	-	32.09	41.46
Selling, General & Administrative	1.59	1.59	0.74	0.88	-	-
Other Operating Expenses	8.88	6.92	0.53	0.09	10.08	9.24
Total Operating Expenses	287.59	276.25	208.93	144.55	94.95	110.87
Operating Income	53.25	39.49	41.62	35.14	58.09	55.07
Other Non Operating Income (Expenses)	-	-	0.06	-	-	-
EBT Excluding Unusual Items	53.25	39.49	41.68	35.14	58.09	55.07
Gain (Loss) on Sale of Assets	-	-	-	-	0.16	-
Asset Writedown	16.93	16.93	5.44	8.59	0.58	-
Pretax Income	70.18	56.42	47.12	43.73	58.84	55.07
Income Tax Expense	4.46	2.88	-	-	-	-
Net Income	65.73	53.54	47.12	43.73	58.84	55.07
Net Income to Common	65.73	53.54	47.12	43.73	58.84	55.07
Net Income Growth	51.95%	13.63%	7.75%	-25.67%	6.83%	-5.19%
Shares Outstanding (Basic)	116	116	116	116	116	116
Shares Outstanding (Diluted)	116	116	116	116	116	116
EPS (Basic)	0.57	0.46	0.41	0.38	0.51	0.48
EPS (Diluted)	0.57	0.46	0.41	0.38	0.51	0.48
EPS Growth	51.95%	13.63%	7.75%	-25.67%	6.83%	-5.19%
Free Cash Flow	8.48	1.59	-23.21	56.11	32.51	-8.52
Free Cash Flow Per Share	0.07	0.01	-0.20	0.49	0.28	-0.07
Dividend Per Share	0.150	0.150	0.100	0.100	0.300	0.300
Dividend Growth	50.00%	50.00%	-	-66.67%	-	-14.29%
Operating Margin	15.62%	12.51%	16.61%	19.55%	37.96%	33.19%
Profit Margin	19.28%	16.96%	18.81%	24.34%	38.45%	33.19%
Free Cash Flow Margin	2.49%	0.50%	-9.26%	31.23%	21.25%	-5.13%
EBITDA	54.61	40.7	42.29	35.38	58.37	57.25
EBITDA Margin	16.02%	12.89%	16.88%	19.69%	38.14%	34.50%
D&A For EBITDA	1.36	1.21	0.67	0.24	0.29	2.17
EBIT	53.25	39.49	41.62	35.14	58.09	55.07
EBIT Margin	15.62%	12.51%	16.61%	19.55%	37.96%	33.19%
Effective Tax Rate	6.35%	5.10%	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.