National General Insurance

National General Insurance Co (P.J.S.C)

NGIStocksDubai Financial MarketInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	665.76M	609.89M	436.33M	344.80M	386.22M
Operating Expenses	536.43M	471.78M	361.45M	284.26M	315.43M
Pretax Income	129.33M	138.11M	74.88M	60.54M	70.79M
Income Tax	10.14M	10.61M	—	—	—
Net Income	119.19M	127.50M	74.88M	60.54M	70.79M
Premium Revenue	586.82M	505.56M	390.99M	327.62M	283.86M
Policy Benefits	356.68M	330.10M	266.51M	185.43M	190.08M
Policy Cost	141.77M	116.62M	88.87M	81.03M	51.46M
EPS (Basic)	0.72	0.77	0.45	0.37	0.43
EPS (Diluted)	0.72	0.77	0.45	0.37	0.43
DPS	0.45	0.45	0.23	0.23	0.27
Margins & Efficiency
Net Margin %	+17.9%	+20.9%	+17.2%	+17.6%	+18.3%
Revenue & Income
Revenue Growth (YoY)	+9.2%	+39.8%	+26.5%	-10.7%	+14.4%
Revenue Insurance	665.76M	609.89M	436.33M	344.80M	386.22M
Premiums Annuity Rev	586.82M	505.56M	390.99M	327.62M	283.86M
Other Revenue Insurance	—	—	—	—	46.01M
Gain Investment Rev Insurance	54.93M	35.60M	10.81M	-12.05M	33.54M
Expenses & Provisions
SG&A Insurance	—	—	—	—	73.89M
Other Opex Insurance	37.97M	25.06M	6.07M	17.80M	—
Total Opex Insurance	536.43M	471.78M	361.45M	284.26M	315.43M
Policy Benefits	356.68M	330.10M	266.51M	185.43M	190.08M
Policy Cost	141.77M	116.62M	88.87M	81.03M	51.46M
D&A For EBITDA	2.12M	1.78M	1.78M	1.65M	1.48M
Deferred Policy Acquisition Cost	—	—	—	—	27.53M
Profitability & Returns
EBIT	129.33M	138.11M	74.88M	60.54M	70.79M
EBIT Margin	+19.4%	+22.6%	+17.2%	+17.6%	+18.3%
EBITDA	131.45M	139.89M	76.66M	62.18M	72.27M
EBITDA Margin	+19.7%	+22.9%	+17.6%	+18.0%	+18.7%
EBT Excluding Unusual Items	129.33M	138.11M	74.88M	60.54M	70.79M
Pretax Income	129.33M	138.11M	74.88M	60.54M	70.79M
Opinc Insurance	129.33M	138.11M	74.88M	60.54M	70.79M
Operating Margin	+19.4%	+22.6%	+17.2%	+17.6%	+18.3%
Profit Margin	+17.9%	+20.9%	+17.2%	+17.6%	+18.3%
Net Income	119.19M	127.50M	74.88M	60.54M	70.79M
Net Income to Common	119.19M	127.50M	74.88M	60.54M	70.79M
Net Income Growth	-6.5%	+70.3%	+23.7%	-14.5%	+53.5%
Income Tax Expense	10.14M	10.61M	—	—	—
Effective Tax Rate	+7.8%	+7.7%	—	—	—
Per Share & Capital
EPS (Basic)	0.72	0.77	0.45	0.37	0.43
EPS (Diluted)	0.72	0.77	0.45	0.37	0.43
EPS Growth	-6.5%	+70.3%	+23.7%	-14.5%	+53.5%
Dividend Per Share	0.45	0.45	0.23	0.23	0.27
Shares Outstanding (Basic)	164.95M	164.95M	164.95M	164.95M	164.95M
Shares Outstanding (Diluted)	164.95M	164.95M	164.95M	164.95M	164.95M
Dividend Growth	—	+98.0%	—	-16.6%	+99.9%
Free Cash Flow	161.09M	19.94M	156.84M	36.48M	81.56M
Free Cash Flow Margin	+24.2%	+3.3%	+35.9%	+10.6%	+21.1%
Free Cash Flow Per Share	0.98	0.12	0.95	0.22	0.49
Payout Ratio	+62.3%	+29.4%	+50.1%	+74.3%	+31.8%
Supplemental
Total Interest Dividend Income	24.00M	68.73M	34.53M	29.23M	22.81M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	665.76M	609.89M	436.33M	344.80M	386.22M
Operating Expenses	536.43M	471.78M	361.45M	284.26M	315.43M
Pretax Income	129.33M	138.11M	74.88M	60.54M	70.79M
Income Tax	10.14M	10.61M	—	—	—
Net Income	119.19M	127.50M	74.88M	60.54M	70.79M
Premium Revenue	586.82M	505.56M	390.99M	327.62M	283.86M
Policy Benefits	356.68M	330.10M	266.51M	185.43M	190.08M
Policy Cost	141.77M	116.62M	88.87M	81.03M	51.46M
EPS (Basic)	0.72	0.77	0.45	0.37	0.43
EPS (Diluted)	0.72	0.77	0.45	0.37	0.43
DPS	0.45	0.45	0.23	0.23	0.27
Margins & Efficiency
Net Margin %	+17.9%	+20.9%	+17.2%	+17.6%	+18.3%
Revenue & Income
Revenue Growth (YoY)	+9.2%	+39.8%	+26.5%	-10.7%	+14.4%
Revenue Insurance	665.76M	609.89M	436.33M	344.80M	386.22M
Premiums Annuity Rev	586.82M	505.56M	390.99M	327.62M	283.86M
Other Revenue Insurance	—	—	—	—	46.01M
Gain Investment Rev Insurance	54.93M	35.60M	10.81M	-12.05M	33.54M
Expenses & Provisions
SG&A Insurance	—	—	—	—	73.89M
Other Opex Insurance	37.97M	25.06M	6.07M	17.80M	—
Total Opex Insurance	536.43M	471.78M	361.45M	284.26M	315.43M
Policy Benefits	356.68M	330.10M	266.51M	185.43M	190.08M
Policy Cost	141.77M	116.62M	88.87M	81.03M	51.46M
D&A For EBITDA	2.12M	1.78M	1.78M	1.65M	1.48M
Deferred Policy Acquisition Cost	—	—	—	—	27.53M
Profitability & Returns
EBIT	129.33M	138.11M	74.88M	60.54M	70.79M
EBIT Margin	+19.4%	+22.6%	+17.2%	+17.6%	+18.3%
EBITDA	131.45M	139.89M	76.66M	62.18M	72.27M
EBITDA Margin	+19.7%	+22.9%	+17.6%	+18.0%	+18.7%
EBT Excluding Unusual Items	129.33M	138.11M	74.88M	60.54M	70.79M
Pretax Income	129.33M	138.11M	74.88M	60.54M	70.79M
Opinc Insurance	129.33M	138.11M	74.88M	60.54M	70.79M
Operating Margin	+19.4%	+22.6%	+17.2%	+17.6%	+18.3%
Profit Margin	+17.9%	+20.9%	+17.2%	+17.6%	+18.3%
Net Income	119.19M	127.50M	74.88M	60.54M	70.79M
Net Income to Common	119.19M	127.50M	74.88M	60.54M	70.79M
Net Income Growth	-6.5%	+70.3%	+23.7%	-14.5%	+53.5%
Income Tax Expense	10.14M	10.61M	—	—	—
Effective Tax Rate	+7.8%	+7.7%	—	—	—
Per Share & Capital
EPS (Basic)	0.72	0.77	0.45	0.37	0.43
EPS (Diluted)	0.72	0.77	0.45	0.37	0.43
EPS Growth	-6.5%	+70.3%	+23.7%	-14.5%	+53.5%
Dividend Per Share	0.45	0.45	0.23	0.23	0.27
Shares Outstanding (Basic)	164.95M	164.95M	164.95M	164.95M	164.95M
Shares Outstanding (Diluted)	164.95M	164.95M	164.95M	164.95M	164.95M
Dividend Growth	—	+98.0%	—	-16.6%	+99.9%
Free Cash Flow	161.09M	19.94M	156.84M	36.48M	81.56M
Free Cash Flow Margin	+24.2%	+3.3%	+35.9%	+10.6%	+21.1%
Free Cash Flow Per Share	0.98	0.12	0.95	0.22	0.49
Payout Ratio	+62.3%	+29.4%	+50.1%	+74.3%	+31.8%
Supplemental
Total Interest Dividend Income	24.00M	68.73M	34.53M	29.23M	22.81M