Al Buhaira National Insurance Company P.S.C. (ADX: ABNIC)

ABNIC Balance Sheet

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Equity & Preferred Securities	50.94	59.57	58.26	26.85	20.71	24.59
Other Investments	42.94	42.81	128.47	191.75	185.92	172.62
Total Investments	941.73	950.22	1,029	1,055	1,064	1,085
Cash & Equivalents	83.2	72.95	42.34	39.05	36.22	48.23
Reinsurance Recoverable	629.19	422.2	466.91	487.23	470.94	519.36
Other Receivables	24.89	37.77	25.92	244.42	224.74	226.07
Property, Plant & Equipment	11.95	13.87	15.76	10.78	9.5	7.68
Other Current Assets	248.69	212.87	151.15	118.01	105.3	110.97
Other Long-Term Assets	10	10	10	10	10	10
Total Assets	1,950	1,720	1,741	1,965	1,921	2,008
Accrued Expenses	-	34.17	30.9	32.86	43.23	22.26
Insurance & Annuity Liabilities	688.03	537.68	528.3	37.86	33.82	32.78
Unpaid Claims	-	-	-	461.45	393.34	395.61
Unearned Premiums	-	-	-	185.59	188.22	204.38
Reinsurance Payable	297.83	308.78	274.01	262	260.87	235.7
Current Portion of Long-Term Debt	127.75	60.87	105.87	71.89	58	75.28
Current Portion of Leases	3.54	4.44	4.3	1.6	3.11	2.59
Short-Term Debt	168.36	120.23	96.93	60.57	35.31	43.02
Long-Term Debt	93.11	97.88	18.33	124.2	187.97	286.71
Long-Term Leases	1.14	2.44	4.98	3.64	1.13	0.01
Other Current Liabilities	-	-	-	-	-	12.9
Total Liabilities	1,473	1,223	1,113	1,284	1,246	1,353
Common Stock	250	250	250	250	250	250
Retained Earnings	250.93	262.24	394.73	446.26	446.23	424.54
Comprehensive Income & Other	-24.32	-15.69	-16.66	-15.35	-21.5	-20.37
Shareholders' Equity	476.61	496.55	628.06	680.91	674.73	654.17
Total Liabilities & Equity	1,950	1,720	1,741	1,965	1,921	2,008
Filing Date Shares Outstanding	250	250	250	250	250	250
Total Common Shares Outstanding	250	250	250	250	250	250
Total Debt	393.9	285.86	230.41	261.9	285.53	407.62
Net Cash (Debt)	-310.71	-212.91	-188.07	-222.84	-249.32	-359.38
Net Cash Per Share	-1.24	-0.85	-0.75	-0.89	-1.00	-1.44
Book Value Per Share	1.91	1.99	2.51	2.72	2.70	2.62
Tangible Book Value	476.61	496.55	628.06	680.91	674.73	654.17
Tangible Book Value Per Share	1.91	1.99	2.51	2.72	2.70	2.62
Land	-	0.65	0.65	0.65	0.65	0.65
Buildings	-	1.06	1.06	1.06	1.06	1.06
Machinery	-	27.32	26.32	25.29	24.69	23.68

Source: S&P Capital IQ. Insurance template. Financial Sources.