Union Insurance Company P.J.S.C. (ADX:UNION)

ADX:UNION Balance Sheet

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
Investments in Equity & Preferred Securities	-	0.03	0.02	0.03	0.02	6.89
Other Investments	467.69	363.99	249.57	23.89	159.57	199.34
Total Investments	467.69	411.08	321.86	100.67	207.45	312.61
Cash & Equivalents	43.15	13.92	38.29	205.67	91.88	5.14
Reinsurance Recoverable	534.34	612.33	524.83	627.41	877.53	539.54
Other Receivables	52.91	50.31	37.7	78.17	284.67	324.96
Deferred Policy Acquisition Cost	-	-	-	-	19.06	20.83
Separate Account Assets	343.43	359.18	403.16	349.61	368.89	286.8
Property, Plant & Equipment	3.79	4.8	68.06	73.79	71.08	83.52
Other Intangible Assets	1.95	2.57	3.14	8.72	14.57	16.76
Restricted Cash	10	10	10	10	10	10
Other Current Assets	-	4.85	5.26	6.44	6.46	4.43
Other Long-Term Assets	-	45	45	45	46.4	21
Total Assets	1,457	1,514	1,457	1,505	1,998	1,626
Accounts Payable	-	-	-	-	76.04	125.69
Accrued Expenses	-	15.95	16.41	-	47.07	62.12
Insurance & Annuity Liabilities	1,061	818.81	763.77	849.45	279.06	260.29
Unpaid Claims	-	-	-	14.33	693.86	377.41
Unearned Premiums	-	-	-	-	282.69	275
Reinsurance Payable	1.71	1.56	1.07	24.79	-	-
Current Portion of Leases	-	0.72	3.09	3.03	0.03	2.62
Short-Term Debt	-	-	-	-	-	0.58
Current Income Taxes Payable	-	3.75	-	-	-	-
Long-Term Leases	-	-	0.73	3.82	-	0.03
Separate Account Liability	-	324.61	370.28	330.8	368.89	286.8
Other Current Liabilities	-	-	-	-	2	2.04
Other Long-Term Liabilities	119.39	93.16	82.97	57.33	-	-
Total Liabilities	1,191	1,271	1,252	1,298	1,763	1,404
Common Stock	230	330.94	330.94	330.94	330.94	330.94
Retained Earnings	35.92	-87.77	-126.08	-123.6	-95.61	-97.62
Comprehensive Income & Other	0.17	0.17	0.16	0.17	0.16	-11.27
Shareholders' Equity	266.09	243.34	205.03	207.51	235.49	222.04
Total Liabilities & Equity	1,457	1,514	1,457	1,505	1,998	1,626
Filing Date Shares Outstanding	-	230	230	230	230	230
Total Common Shares Outstanding	-	230	230	230	230	230
Total Debt	-	0.72	3.82	6.86	0.03	3.23
Net Cash (Debt)	43.15	13.2	34.47	198.81	91.85	1.91
Net Cash Growth	178.25%	-61.71%	-82.66%	116.45%	4708.85%	-94.88%
Net Cash Per Share	-	0.06	0.15	0.86	0.40	0.01
Book Value Per Share	-	1.06	0.89	0.90	1.02	0.97
Tangible Book Value	264.15	240.76	201.89	198.79	220.91	205.28
Tangible Book Value Per Share	-	1.05	0.88	0.86	0.96	0.89
Land	-	1.86	61.07	61.07	61.07	61.07
Machinery	-	27.27	27.16	31	30.46	29.52
Construction In Progress	-	-	0.18	0.61	3.12	12.06

Updated Mar 20, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.