National General Insurance Co. (P.J.S.C.) (DFM:NGI)

DFM:NGI 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	524.91	505.56	390.99	327.62	283.86	263.66
Total Interest & Dividend Income	48.06	89.2	42.34	29.23	22.81	17.56
Gain (Loss) on Sale of Investments	42.74	15.13	3	-12.05	33.54	6.52
Other Revenue	-	-	-	-	46.01	49.72
Total Revenue	615.71	609.89	436.33	344.8	386.22	337.46
Revenue Growth (YoY)	10.57%	39.78%	26.55%	-10.72%	14.45%	12.41%
Policy Benefits	328.68	330.1	266.51	185.43	190.08	176.98
Policy Acquisition & Underwriting Costs	120.76	116.62	88.87	81.03	51.46	39.24
Selling, General & Administrative	-	-	-	-	73.89	75.13
Other Operating Expenses	25.82	25.06	6.07	17.8	-	-
Total Operating Expenses	475.27	471.78	361.45	284.26	315.43	291.35
Operating Income	140.44	138.11	74.88	60.54	70.79	46.11
EBT Excluding Unusual Items	140.44	138.11	74.88	60.54	70.79	46.11
Pretax Income	140.44	138.11	74.88	60.54	70.79	46.11
Income Tax Expense	8.55	10.61	-	-	-	-
Net Income	131.9	127.5	74.88	60.54	70.79	46.11
Net Income to Common	131.9	127.5	74.88	60.54	70.79	46.11
Net Income Growth	-0.74%	70.27%	23.69%	-14.48%	53.52%	164.10%
Shares Outstanding (Basic)	165	165	165	165	165	165
Shares Outstanding (Diluted)	165	165	165	165	165	165
EPS (Basic)	0.80	0.77	0.45	0.37	0.43	0.28
EPS (Diluted)	0.80	0.77	0.45	0.37	0.43	0.28
EPS Growth	-0.74%	70.27%	23.69%	-14.48%	53.52%	164.11%
Free Cash Flow	167.87	26.76	156.84	36.48	81.56	57.9
Free Cash Flow Per Share	1.02	0.16	0.95	0.22	0.49	0.35
Dividend Per Share	0.450	0.450	0.227	0.227	0.273	0.136
Dividend Growth	97.98%	97.98%	-	-16.65%	99.93%	50.06%
Operating Margin	22.81%	22.65%	17.16%	17.56%	18.33%	13.66%
Profit Margin	21.42%	20.91%	17.16%	17.56%	18.33%	13.66%
Free Cash Flow Margin	27.26%	4.39%	35.95%	10.58%	21.12%	17.16%
EBITDA	142.48	139.89	76.66	62.18	72.27	47.62
EBITDA Margin	23.14%	22.94%	17.57%	18.04%	18.71%	14.11%
D&A For EBITDA	2.04	1.78	1.78	1.65	1.48	1.51
EBIT	140.44	138.11	74.88	60.54	70.79	46.11
EBIT Margin	22.81%	22.65%	17.16%	17.56%	18.33%	13.66%
Effective Tax Rate	6.08%	7.69%	-	-	-	-

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