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

DFM:NGI 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	127.5	74.88	60.54	70.79	46.11
Depreciation & Amortization	1.78	1.78	1.65	1.48	1.51
Other Amortization	1.22	1.23	0.78	1.06	0.85
Gain (Loss) on Sale of Assets	-40.96	-	-	-	-
Gain (Loss) on Sale of Investments	-24	-12.99	-2.73	-27.75	-5.42
Change in Accounts Receivable	-219.77	-16.83	-3.21	-2.07	-55.71
Change in Unearned Revenue	-	-	-	18.71	-2.38
Change in Insurance Reserves / Liabilities	178.83	127.77	11.99	45.47	76.68
Change in Other Net Operating Assets	25.69	7.16	-14.15	-	-
Other Operating Activities	-18.08	-22.19	-14.16	-15.32	-15.84
Operating Cash Flow	28.08	159.95	40.26	86.54	58.29
Operating Cash Flow Growth	-82.44%	297.32%	-53.48%	48.46%	130.25%
Capital Expenditures	-1.32	-3.11	-3.77	-4.98	-0.39
Sale of Property, Plant & Equipment	0.24	3.67	-	-	-
Investment in Securities	-190.3	-183.23	66.59	-231.87	56.4
Other Investing Activities	29.51	23.6	9	14.54	23.83
Investing Cash Flow	-6.22	-159.07	71.82	-222.31	79.84
Common Dividends Paid	-37.49	-37.49	-44.99	-22.49	-15
Other Financing Activities	-6.83	-4.88	-5.13	-3.4	-1.75
Financing Cash Flow	-44.31	-42.36	-50.11	-25.89	-16.74
Net Cash Flow	-22.46	-41.49	61.96	-161.66	121.39
Free Cash Flow	26.76	156.84	36.48	81.56	57.9
Free Cash Flow Growth	-82.94%	329.89%	-55.27%	40.86%	156.79%
Free Cash Flow Margin	4.39%	35.95%	10.58%	21.12%	17.16%
Free Cash Flow Per Share	0.16	0.95	0.22	0.49	0.35
Levered Free Cash Flow	-78.12	37.74	-402.02	83	30.3
Unlevered Free Cash Flow	-78.12	37.74	-402.02	83	30.3
Change in Net Working Capital	166.12	8.96	438.51	-41.2	0.49

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.