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	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
Net Income	131.9	127.5	74.88	60.54	70.79	46.11
Depreciation & Amortization	2.04	1.78	1.78	1.65	1.48	1.51
Other Amortization	1.22	1.22	1.23	0.78	1.06	0.85
Gain (Loss) on Sale of Assets	-	-40.96	-	-	-	-
Gain (Loss) on Sale of Investments	-45.95	-24	-12.99	-2.73	-27.75	-5.42
Change in Accounts Receivable	33.97	-219.77	-16.83	-3.21	-2.07	-55.71
Change in Unearned Revenue	-	-	-	-	18.71	-2.38
Change in Insurance Reserves / Liabilities	-42.23	178.83	127.77	11.99	45.47	76.68
Change in Other Net Operating Assets	123.52	25.69	7.16	-14.15	-	-
Other Operating Activities	-31.15	-18.08	-22.19	-14.16	-15.32	-15.84
Operating Cash Flow	169.2	28.08	159.95	40.26	86.54	58.29
Operating Cash Flow Growth	1045.28%	-82.44%	297.32%	-53.48%	48.46%	130.25%
Capital Expenditures	-1.33	-1.32	-3.11	-3.77	-4.98	-0.39
Sale of Property, Plant & Equipment	-0.05	0.24	3.67	-	-	-
Investment in Securities	-143.74	-190.3	-183.23	66.59	-231.87	56.4
Other Investing Activities	41.76	29.51	23.6	9	14.54	23.83
Investing Cash Flow	-103.35	-6.22	-159.07	71.82	-222.31	79.84
Common Dividends Paid	-74.23	-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	-74.23	-44.31	-42.36	-50.11	-25.89	-16.74
Net Cash Flow	-8.38	-22.46	-41.49	61.96	-161.66	121.39
Free Cash Flow	167.87	26.76	156.84	36.48	81.56	57.9
Free Cash Flow Growth	1096.55%	-82.94%	329.89%	-55.27%	40.86%	156.79%
Free Cash Flow Margin	27.33%	4.39%	35.95%	10.58%	21.12%	17.16%
Free Cash Flow Per Share	1.02	0.16	0.95	0.22	0.49	0.35
Levered Free Cash Flow	301.1	-78.12	37.74	-402.02	83	30.3
Unlevered Free Cash Flow	301.1	-78.12	37.74	-402.02	83	30.3
Change in Working Capital	115.27	-15.25	118.1	-5.37	62.12	18.59

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