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

ADX: 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Equity & Preferred Securities	53.7	59.57	58.26	26.85	20.71	24.59
Other Investments	43.02	42.81	128.47	191.75	185.92	172.62
Total Investments	944.57	950.22	1,029	1,055	1,064	1,085
Cash & Equivalents	124.34	72.95	42.34	39.05	36.22	48.23
Reinsurance Recoverable	586.84	422.2	466.91	487.23	470.94	519.36
Other Receivables	67.07	37.77	25.92	244.42	224.74	226.07
Property, Plant & Equipment	10.87	13.87	15.76	10.78	9.5	7.68
Other Current Assets	283.82	212.87	151.15	118.01	105.3	110.97
Other Long-Term Assets	10	10	10	10	10	10
Total Assets	2,028	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	759.4	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	337.2	308.78	274.01	262	260.87	235.7
Current Portion of Long-Term Debt	115.04	60.87	105.87	71.89	58	75.28
Current Portion of Leases	2.97	4.44	4.3	1.6	3.11	2.59
Short-Term Debt	158.39	120.23	96.93	60.57	35.31	43.02
Long-Term Debt	89.47	97.88	18.33	124.2	187.97	286.71
Long-Term Leases	0.6	2.44	4.98	3.64	1.13	0.01
Other Current Liabilities	-	-	-	-	-	12.9
Total Liabilities	1,571	1,223	1,113	1,284	1,246	1,353
Common Stock	250	250	250	250	250	250
Retained Earnings	227.71	262.24	394.73	446.26	446.23	424.54
Comprehensive Income & Other	-21.56	-15.69	-16.66	-15.35	-21.5	-20.37
Shareholders' Equity	456.15	496.55	628.06	680.91	674.73	654.17
Total Liabilities & Equity	2,028	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	366.47	285.86	230.41	261.9	285.53	407.62
Net Cash (Debt)	-242.13	-212.91	-188.07	-222.84	-249.32	-359.38
Net Cash Per Share	-0.97	-0.85	-0.75	-0.89	-1.00	-1.44
Book Value Per Share	1.82	1.99	2.51	2.72	2.70	2.62
Tangible Book Value	456.15	496.55	628.06	680.91	674.73	654.17
Tangible Book Value Per Share	1.82	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.