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

DNIR Cash Flow Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net Income	43.55	47.12	43.73	58.84	55.07	58.09
Depreciation & Amortization	1.28	0.67	0.24	0.29	2.17	2.2
Gain (Loss) on Sale of Assets	-0.01	-0.05	-	-0.16	-	-0.03
Change in Accounts Receivable	-	-	-	4.29	26.62	-18.24
Reinsurance Recoverable	-770.22	13.06	-7.2	24.11	32.34	-
Change in Insurance Reserves / Liabilities	786.14	-23.2	15.58	-25.3	-88.73	21.5
Change in Other Net Operating Assets	-3.08	-20.34	42.83	2.36	-7.22	-16.12
Other Operating Activities	-44.52	-31.74	-28.33	-31.06	-28.43	-24.03
Operating Cash Flow	7.69	-19.92	58.27	32.77	-8.17	23.36
Operating Cash Flow Growth	-	-	77.81%	-	-	-16.62%
Capital Expenditures	-1.21	-3.29	-2.16	-0.26	-0.34	-0.43
Sale of Property, Plant & Equipment	0	0.06	-	0.24	-	0.03
Purchase / Sale of Intangible Assets	-	-	-	-	-	4.46
Investment in Securities	-5.76	-3.18	-35.12	-31.24	-1.23	-
Other Investing Activities	45.17	32.57	26.35	28.06	29.04	30.59
Investing Cash Flow	37.29	25.25	-13.45	-3.2	27.46	34.65
Common Dividends Paid	-11.55	-11.55	-34.65	-34.65	-40.43	-86.63
Financing Cash Flow	-11.55	-11.55	-34.65	-34.65	-40.43	-86.63
Net Cash Flow	33.44	-6.22	10.17	-5.08	-21.14	-28.61
Free Cash Flow	6.48	-23.21	56.11	32.51	-8.52	22.94
Free Cash Flow Growth	-	-	72.57%	-	-	-17.54%
Free Cash Flow Margin	2.20%	-9.26%	31.23%	21.25%	-5.13%	13.31%
Free Cash Flow Per Share	0.06	-0.20	0.49	0.28	-0.07	0.20
Levered Free Cash Flow	47.4	-2.05	64.93	474.21	80.38	-20.04
Unlevered Free Cash Flow	47.4	-2.05	64.93	474.21	80.38	-20.04
Change in Net Working Capital	-23.12	25.47	-44.89	-437.88	-44.13	59.76

Source: S&P Capital IQ. Insurance template. Financial Sources.