SALAMA

Islamic Arab Insurance Co. (Salama)

SALAMAStocksDubai Financial MarketInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	-57.83M	-77.39M	102.36M	-622.19M	322.94M
Free Cash Flow	-59.65M	-80.75M	101.86M	-624.18M	321.26M
Capital Expenditures	-1.82M	-3.36M	-0.50M	-1.99M	-1.68M
Investing & Financing
Investing Cash Flow	87.43M	100.40M	-88.00M	426.57M	28.00M
Financing Cash Flow	-2.12M	-12.36M	-3.35M	-53.21M	-71.86M
Dividends Paid	—	—	—	-23.75M	-98.04M
Operating Activities
Operating Cash Flow	-57.83M	-77.39M	102.36M	-622.19M	322.94M
Net Income	4.01M	13.09M	-158.39M	18.90M	40.05M
Change Accounts Receivable Insurance	—	6.80M	-6.80M	6.81M	-4.32M
Change in Working Capital	-57.04M	-77.06M	82.54M	-653.69M	198.14M
Change Insurance Reserves Liabilities	-107.39M	46.67M	169.28M	-604.82M	83.25M
Change Other Net Oper Assets Insurance	36.99M	32.37M	9.83M	-100.53M	119.20M
Other Operating Activities Insurance	21.60M	-19.97M	14.02M	19.00M	48.23M
Depreciation & Amortization	5.06M	5.35M	5.35M	5.81M	6.53M
Other Amortization	0.70M	1.63M	1.85M	1.53M	0.85M
Cash Income Tax Paid	7.32M	—	5.10M	6.36M	—
Reinsurance Recoverable CF	33.74M	-122.40M	-66.62M	57.83M	—
Miscellaneous Cash Flow Adjustments	—	—	—	258.47M	-258.47M
Investing Activities
Investing Cash Flow	87.43M	100.40M	-88.00M	426.57M	28.00M
Capex Insurance	-1.82M	-3.36M	-0.50M	-1.99M	-1.68M
Investment in Securities	122.13M	115.23M	-71.01M	465.85M	65.79M
Other Investing Activities	-32.68M	-10.42M	-15.47M	-35.29M	-33.05M
Sale Of Intangibles Insurance	-0.20M	-1.03M	-1.03M	-1.78M	-3.06M
Gain Assets CF Insurance	—	—	—	—	—
Loss (Gain) on Sale of Investments	-0.87M	0.02M	-0.08M	-6.80M	36.63M
Financing Activities
Financing Cash Flow	-2.12M	-12.36M	-3.35M	-53.21M	-71.86M
Common Dividends Paid	—	—	—	-23.75M	-98.04M
Short-Term Debt Issued	—	—	—	—	25.00M
Total Debt Issued	—	—	—	—	25.00M
Short-Term Debt Repaid	—	—	—	-25.00M	—
Net Debt Issued Insurance	—	—	—	-25.00M	25.00M
Other Financing Activities Insurance	-2.12M	-12.36M	-3.35M	-4.47M	1.18M
Total Debt Repaid Insurance	—	—	—	-25.00M	—
Free Cash Flow & Returns
Free Cash Flow	-59.65M	-80.75M	101.86M	-624.18M	321.26M
Free Cash Flow Growth	—	—	—	—	+249.8%
Free Cash Flow Margin	-5.7%	-7.5%	+8.6%	-66.1%	+44.5%
Free Cash Flow Per Share	-0.12	-0.17	0.20	-1.29	0.67
Levered Free Cash Flow	49.72M	-88.11M	-89.85M	-420.79M	-317.82M
Unlevered Free Cash Flow	49.72M	-88.11M	-80.57M	-411.88M	-315.72M
Operating Cash Flow Growth	—	—	—	—	+246.5%
Net Cash Flow	27.49M	10.65M	11.00M	9.64M	20.62M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	-57.83M	-77.39M	102.36M	-622.19M	322.94M
Free Cash Flow	-59.65M	-80.75M	101.86M	-624.18M	321.26M
Capital Expenditures	-1.82M	-3.36M	-0.50M	-1.99M	-1.68M
Investing & Financing
Investing Cash Flow	87.43M	100.40M	-88.00M	426.57M	28.00M
Financing Cash Flow	-2.12M	-12.36M	-3.35M	-53.21M	-71.86M
Dividends Paid	—	—	—	-23.75M	-98.04M
Operating Activities
Operating Cash Flow	-57.83M	-77.39M	102.36M	-622.19M	322.94M
Net Income	4.01M	13.09M	-158.39M	18.90M	40.05M
Change Accounts Receivable Insurance	—	6.80M	-6.80M	6.81M	-4.32M
Change in Working Capital	-57.04M	-77.06M	82.54M	-653.69M	198.14M
Change Insurance Reserves Liabilities	-107.39M	46.67M	169.28M	-604.82M	83.25M
Change Other Net Oper Assets Insurance	36.99M	32.37M	9.83M	-100.53M	119.20M
Other Operating Activities Insurance	21.60M	-19.97M	14.02M	19.00M	48.23M
Depreciation & Amortization	5.06M	5.35M	5.35M	5.81M	6.53M
Other Amortization	0.70M	1.63M	1.85M	1.53M	0.85M
Cash Income Tax Paid	7.32M	—	5.10M	6.36M	—
Reinsurance Recoverable CF	33.74M	-122.40M	-66.62M	57.83M	—
Miscellaneous Cash Flow Adjustments	—	—	—	258.47M	-258.47M
Investing Activities
Investing Cash Flow	87.43M	100.40M	-88.00M	426.57M	28.00M
Capex Insurance	-1.82M	-3.36M	-0.50M	-1.99M	-1.68M
Investment in Securities	122.13M	115.23M	-71.01M	465.85M	65.79M
Other Investing Activities	-32.68M	-10.42M	-15.47M	-35.29M	-33.05M
Sale Of Intangibles Insurance	-0.20M	-1.03M	-1.03M	-1.78M	-3.06M
Gain Assets CF Insurance	—	—	—	—	—
Loss (Gain) on Sale of Investments	-0.87M	0.02M	-0.08M	-6.80M	36.63M
Financing Activities
Financing Cash Flow	-2.12M	-12.36M	-3.35M	-53.21M	-71.86M
Common Dividends Paid	—	—	—	-23.75M	-98.04M
Short-Term Debt Issued	—	—	—	—	25.00M
Total Debt Issued	—	—	—	—	25.00M
Short-Term Debt Repaid	—	—	—	-25.00M	—
Net Debt Issued Insurance	—	—	—	-25.00M	25.00M
Other Financing Activities Insurance	-2.12M	-12.36M	-3.35M	-4.47M	1.18M
Total Debt Repaid Insurance	—	—	—	-25.00M	—
Free Cash Flow & Returns
Free Cash Flow	-59.65M	-80.75M	101.86M	-624.18M	321.26M
Free Cash Flow Growth	—	—	—	—	+249.8%
Free Cash Flow Margin	-5.7%	-7.5%	+8.6%	-66.1%	+44.5%
Free Cash Flow Per Share	-0.12	-0.17	0.20	-1.29	0.67
Levered Free Cash Flow	49.72M	-88.11M	-89.85M	-420.79M	-317.82M
Unlevered Free Cash Flow	49.72M	-88.11M	-80.57M	-411.88M	-315.72M
Operating Cash Flow Growth	—	—	—	—	+246.5%
Net Cash Flow	27.49M	10.65M	11.00M	9.64M	20.62M