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Al-Buhaira National Insurance Co (ADX:ABNIC) Retained Earnings : د.إ-74.2 Mil (As of Dec. 2023)


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What is Al-Buhaira National Insurance Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Al-Buhaira National Insurance Co's retained earnings for the quarter that ended in Dec. 2023 was د.إ-74.2 Mil.

Al-Buhaira National Insurance Co's quarterly retained earnings declined from Jun. 2023 (د.إ23.3 Mil) to Sep. 2023 (د.إ-26.3 Mil) and declined from Sep. 2023 (د.إ-26.3 Mil) to Dec. 2023 (د.إ-74.2 Mil).

Al-Buhaira National Insurance Co's annual retained earnings declined from Dec. 2021 (د.إ123.0 Mil) to Dec. 2022 (د.إ62.4 Mil) and declined from Dec. 2022 (د.إ62.4 Mil) to Dec. 2023 (د.إ-74.2 Mil).


Al-Buhaira National Insurance Co Retained Earnings Historical Data

The historical data trend for Al-Buhaira National Insurance Co'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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Al-Buhaira National Insurance Co Retained Earnings Chart

Al-Buhaira National Insurance Co 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 107.31 122.99 123.01 62.38 -74.18

Al-Buhaira National Insurance Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 62.38 41.68 23.32 -26.35 -74.18

Al-Buhaira National Insurance Co 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.


Al-Buhaira National Insurance Co  (ADX:ABNIC) 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.


Al-Buhaira National Insurance Co (ADX:ABNIC) Business Description

Traded in Other Exchanges
N/A
Address
Al Buhaira Tower, Khalid Lagoon, P.O Box 6000, 6th Floor, Buhaira Corniche, Sharjah, ARE
Al-Buhaira National Insurance Co is a national insurance company. The principal activity of the group is the writing of insurance of all types - other than savings and accumulation of funds. The company is organized into two segments namely Underwriting and Investments. The underwriting segment incorporates all classes of general insurance including fire, marine, medical, motor, general accident, and other classes of insurance. The investment segment includes investments in equity securities, term deposits with banks, and investment properties.

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