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Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Retained Earnings : د.إ859 Mil (As of Mar. 2024)


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What is Abu Dhabi National Insurance Co PJSC Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Abu Dhabi National Insurance Co PJSC's retained earnings for the quarter that ended in Mar. 2024 was د.إ859 Mil.

Abu Dhabi National Insurance Co PJSC's quarterly retained earnings increased from Sep. 2023 (د.إ906 Mil) to Dec. 2023 (د.إ1,015 Mil) but then declined from Dec. 2023 (د.إ1,015 Mil) to Mar. 2024 (د.إ859 Mil).

Abu Dhabi National Insurance Co PJSC's annual retained earnings increased from Dec. 2021 (د.إ644 Mil) to Dec. 2022 (د.إ865 Mil) and increased from Dec. 2022 (د.إ865 Mil) to Dec. 2023 (د.إ1,015 Mil).


Abu Dhabi National Insurance Co PJSC Retained Earnings Historical Data

The historical data trend for Abu Dhabi National Insurance Co PJSC's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Abu Dhabi National Insurance Co PJSC Retained Earnings Chart

Abu Dhabi National Insurance Co PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 305.36 404.55 643.75 864.51 1,015.06

Abu Dhabi National Insurance Co PJSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 688.39 800.56 906.42 1,015.06 859.20

Abu Dhabi National Insurance Co PJSC Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Abu Dhabi National Insurance Co PJSC  (ADX:ADNIC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Business Description

Traded in Other Exchanges
N/A
Address
Khalifa Street, P.O. Box 839, ADNIC Building No. 403, Abu Dhabi, ARE
Abu Dhabi National Insurance Co PJSC is an insurance company providing insurance services to individuals and corporates. It provides life and non-life insurance and a range of customizable and scalable insurance products and services. The company operates its business in two segments: The Underwriting of commercial lines of business incorporates all classes of general insurance including marine cargo, marine hull, aviation, energy, property, and engineering; and The Underwriting of a consumer line of business incorporates all classes of insurance including accident, motor, life, and medical. The company generates the maximum of its premiums from the commercial segment.

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