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

DFM:DNIR Cash Flow 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	62.76	53.54	47.12	43.73	58.84	55.07
Depreciation & Amortization	1.5	1.21	0.67	0.24	0.29	2.17
Gain (Loss) on Sale of Assets	-	-	-0.05	-	-0.16	-
Change in Accounts Receivable	-	-	-	-	4.29	26.62
Reinsurance Recoverable	397.36	-570.91	13.06	-7.2	24.11	32.34
Change in Insurance Reserves / Liabilities	-341.18	592.71	-23.2	15.58	-25.3	-88.73
Change in Other Net Operating Assets	-1.37	-12.69	-20.34	42.83	2.36	-7.22
Other Operating Activities	-38.74	-43.42	-31.74	-28.33	-31.06	-28.43
Operating Cash Flow	63.55	3.66	-19.92	58.27	32.77	-8.17
Operating Cash Flow Growth	726.30%	-	-	77.81%	-	-
Capital Expenditures	-7.97	-2.07	-3.29	-2.16	-0.26	-0.34
Sale of Property, Plant & Equipment	-	-	0.06	-	0.24	-
Investment in Securities	-39.53	120.58	-3.18	-35.12	-31.24	-1.23
Other Investing Activities	41.21	45.04	32.57	26.35	28.06	29.04
Investing Cash Flow	-6.48	163.35	25.25	-13.45	-3.2	27.46
Common Dividends Paid	-17.33	-11.55	-11.55	-34.65	-34.65	-40.43
Financing Cash Flow	-17.33	-11.55	-11.55	-34.65	-34.65	-40.43
Net Cash Flow	39.74	155.46	-6.22	10.17	-5.08	-21.14
Free Cash Flow	55.58	1.59	-23.21	56.11	32.51	-8.52
Free Cash Flow Growth	757.42%	-	-	72.57%	-	-
Free Cash Flow Margin	15.90%	0.50%	-9.26%	31.23%	21.25%	-5.13%
Free Cash Flow Per Share	0.48	0.01	-0.20	0.49	0.28	-0.07
Levered Free Cash Flow	101.12	32.95	-2.08	64.93	474.21	80.38
Unlevered Free Cash Flow	101.12	32.95	-2.08	64.93	474.21	80.38
Change in Working Capital	54.81	9.11	-30.48	51.22	5.45	-36.99

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