Watania International Holding

Watania International Holding PJSC

WATANIAStocksDubai Financial MarketInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	900.62M	987.91M	832.66M	497.86M	433.86M
Operating Expenses	900.64M	992.84M	897.27M	471.57M	429.68M
Pretax Income	14.12M	13.04M	-53.13M	21.58M	22.64M
Income Tax	838.00K	-238.00K	—	—	—
Net Income	13.28M	13.28M	-53.13M	21.58M	22.64M
Premium Revenue	869.59M	954.36M	820.18M	448.90M	409.35M
Policy Benefits	875.66M	954.76M	830.17M	296.40M	290.23M
Policy Cost	—	—	—	83.01M	56.92M
EPS (Basic)	0.05	0.05	-0.20	0.14	0.15
EPS (Diluted)	0.05	0.05	-0.20	0.14	0.15
DPS	—	—	—	—	0.12
Margins & Efficiency
Net Margin %	+1.5%	+1.3%	-6.4%	+4.3%	+5.2%
Revenue & Income
Revenue Growth (YoY)	-8.8%	+18.6%	+67.2%	+14.8%	+125.6%
Revenue Insurance	900.62M	987.91M	832.66M	497.86M	433.86M
Premiums Annuity Rev	869.59M	954.36M	820.18M	448.90M	409.35M
Other Revenue Insurance	—	—	—	23.02M	9.14M
Gain Investment Rev Insurance	8.65M	12.74M	1.52M	3.25M	-1.78M
Reinsurance	—	—	—	-11.63M	-3.06M
Expenses & Provisions
SG&A Insurance	18.68M	31.78M	50.93M	70.02M	69.81M
Other Opex Insurance	—	—	—	10.51M	9.68M
Total Opex Insurance	900.64M	992.84M	897.27M	471.57M	429.68M
Interest Expense	-4.68M	-6.07M	-4.22M	-5.16M	-1.70M
Other Non Operating Income (Expenses)	13.56M	21.45M	13.68M	—	—
Policy Benefits	875.66M	954.76M	830.17M	296.40M	290.23M
Policy Cost	—	—	—	83.01M	56.92M
Merger & Restructuring Charges	—	—	—	-3.17M	-15.65M
Asset Writedown	5.26M	2.59M	1.30M	3.61M	-14.38M
Amortization Goodwill Intangibles Insurance	6.30M	6.30M	16.18M	—	—
D&A For EBITDA	8.17M	8.33M	10.99M	5.76M	6.35M
Deferred Policy Acquisition Cost	—	—	—	22.15M	12.99M
Profitability & Returns
EBIT	-0.03M	-4.94M	-64.61M	26.29M	4.18M
EBIT Margin	0.0%	-0.5%	-7.8%	+5.3%	+1.0%
EBITDA	8.14M	3.40M	-53.62M	32.05M	10.53M
EBITDA Margin	+0.9%	+0.3%	-6.4%	+6.4%	+2.4%
EBT Excluding Unusual Items	8.86M	10.45M	-55.15M	21.14M	2.48M
Pretax Income	14.12M	13.04M	-53.13M	21.58M	22.64M
Opinc Insurance	-0.03M	-4.94M	-64.61M	26.29M	4.18M
Operating Margin	0.0%	-0.5%	-7.8%	+5.3%	+1.0%
Profit Margin	+1.5%	+1.3%	-6.4%	+4.3%	+5.2%
Net Income	13.28M	13.28M	-53.13M	21.58M	22.64M
Net Income to Common	13.28M	13.28M	-53.13M	21.58M	22.64M
Net Income Growth	0.0%	—	—	-4.7%	+361.6%
Income Tax Expense	838.00K	-238.00K	—	—	—
Effective Tax Rate	+5.9%	—	—	—	—
Per Share & Capital
EPS (Basic)	0.05	0.05	-0.20	0.14	0.15
EPS (Diluted)	0.05	0.05	-0.20	0.14	0.15
EPS Growth	0.0%	—	—	-4.7%	+361.6%
Dividend Per Share	—	—	—	—	0.12
Shares Change (YoY)	—	—	0.73	—	—
Shares Outstanding (Basic)	260.16M	260.16M	260.16M	150.00M	150.00M
Shares Outstanding (Diluted)	260.16M	260.16M	260.16M	150.00M	150.00M
Free Cash Flow	-55.00M	-71.29M	2.55M	-43.28M	7.65M
Free Cash Flow Margin	-6.1%	-7.2%	+0.3%	-8.7%	+1.8%
Free Cash Flow Per Share	-0.21	-0.27	0.01	-0.29	0.05
Payout Ratio	—	—	—	+63.9%	+21.7%
Supplemental
Other Unusual Items	—	—	0.72M	—	50.19M
Total Interest Dividend Income	22.38M	20.81M	10.96M	22.70M	17.16M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	900.62M	987.91M	832.66M	497.86M	433.86M
Operating Expenses	900.64M	992.84M	897.27M	471.57M	429.68M
Pretax Income	14.12M	13.04M	-53.13M	21.58M	22.64M
Income Tax	838.00K	-238.00K	—	—	—
Net Income	13.28M	13.28M	-53.13M	21.58M	22.64M
Premium Revenue	869.59M	954.36M	820.18M	448.90M	409.35M
Policy Benefits	875.66M	954.76M	830.17M	296.40M	290.23M
Policy Cost	—	—	—	83.01M	56.92M
EPS (Basic)	0.05	0.05	-0.20	0.14	0.15
EPS (Diluted)	0.05	0.05	-0.20	0.14	0.15
DPS	—	—	—	—	0.12
Margins & Efficiency
Net Margin %	+1.5%	+1.3%	-6.4%	+4.3%	+5.2%
Revenue & Income
Revenue Growth (YoY)	-8.8%	+18.6%	+67.2%	+14.8%	+125.6%
Revenue Insurance	900.62M	987.91M	832.66M	497.86M	433.86M
Premiums Annuity Rev	869.59M	954.36M	820.18M	448.90M	409.35M
Other Revenue Insurance	—	—	—	23.02M	9.14M
Gain Investment Rev Insurance	8.65M	12.74M	1.52M	3.25M	-1.78M
Reinsurance	—	—	—	-11.63M	-3.06M
Expenses & Provisions
SG&A Insurance	18.68M	31.78M	50.93M	70.02M	69.81M
Other Opex Insurance	—	—	—	10.51M	9.68M
Total Opex Insurance	900.64M	992.84M	897.27M	471.57M	429.68M
Interest Expense	-4.68M	-6.07M	-4.22M	-5.16M	-1.70M
Other Non Operating Income (Expenses)	13.56M	21.45M	13.68M	—	—
Policy Benefits	875.66M	954.76M	830.17M	296.40M	290.23M
Policy Cost	—	—	—	83.01M	56.92M
Merger & Restructuring Charges	—	—	—	-3.17M	-15.65M
Asset Writedown	5.26M	2.59M	1.30M	3.61M	-14.38M
Amortization Goodwill Intangibles Insurance	6.30M	6.30M	16.18M	—	—
D&A For EBITDA	8.17M	8.33M	10.99M	5.76M	6.35M
Deferred Policy Acquisition Cost	—	—	—	22.15M	12.99M
Profitability & Returns
EBIT	-0.03M	-4.94M	-64.61M	26.29M	4.18M
EBIT Margin	0.0%	-0.5%	-7.8%	+5.3%	+1.0%
EBITDA	8.14M	3.40M	-53.62M	32.05M	10.53M
EBITDA Margin	+0.9%	+0.3%	-6.4%	+6.4%	+2.4%
EBT Excluding Unusual Items	8.86M	10.45M	-55.15M	21.14M	2.48M
Pretax Income	14.12M	13.04M	-53.13M	21.58M	22.64M
Opinc Insurance	-0.03M	-4.94M	-64.61M	26.29M	4.18M
Operating Margin	0.0%	-0.5%	-7.8%	+5.3%	+1.0%
Profit Margin	+1.5%	+1.3%	-6.4%	+4.3%	+5.2%
Net Income	13.28M	13.28M	-53.13M	21.58M	22.64M
Net Income to Common	13.28M	13.28M	-53.13M	21.58M	22.64M
Net Income Growth	0.0%	—	—	-4.7%	+361.6%
Income Tax Expense	838.00K	-238.00K	—	—	—
Effective Tax Rate	+5.9%	—	—	—	—
Per Share & Capital
EPS (Basic)	0.05	0.05	-0.20	0.14	0.15
EPS (Diluted)	0.05	0.05	-0.20	0.14	0.15
EPS Growth	0.0%	—	—	-4.7%	+361.6%
Dividend Per Share	—	—	—	—	0.12
Shares Change (YoY)	—	—	0.73	—	—
Shares Outstanding (Basic)	260.16M	260.16M	260.16M	150.00M	150.00M
Shares Outstanding (Diluted)	260.16M	260.16M	260.16M	150.00M	150.00M
Free Cash Flow	-55.00M	-71.29M	2.55M	-43.28M	7.65M
Free Cash Flow Margin	-6.1%	-7.2%	+0.3%	-8.7%	+1.8%
Free Cash Flow Per Share	-0.21	-0.27	0.01	-0.29	0.05
Payout Ratio	—	—	—	+63.9%	+21.7%
Supplemental
Other Unusual Items	—	—	0.72M	—	50.19M
Total Interest Dividend Income	22.38M	20.81M	10.96M	22.70M	17.16M