Insurance House P.S.C. (ADX: IH)

Insurance House P.S.C. 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 Debt Securities	6.95	8.14	9.51	9.96	14.27	21.99
Investments in Equity & Preferred Securities	1.23	2.9	31	41.34	34.89	38.01
Other Investments	-	-	14	14	16	-
Total Investments	8.46	11.11	68.45	77.55	75.72	73.6
Cash & Equivalents	38.15	37.78	41.93	54.86	72.63	74.96
Reinsurance Recoverable	159.52	111.45	116.88	130.19	63.2	55.43
Other Receivables	1.4	36.41	2.57	51.22	52.96	61.57
Deferred Policy Acquisition Cost	-	-	-	15.99	15.38	14.45
Property, Plant & Equipment	6.67	7.72	43.01	43.26	43.35	40.01
Restricted Cash	6	6	6	6	6	6
Other Current Assets	7.5	6.74	9.77	6.59	6.61	8.33
Total Assets	227.71	217.22	288.61	385.66	335.85	334.35
Accrued Expenses	5.64	4.18	3.83	4.55	6.15	7.57
Insurance & Annuity Liabilities	206.01	178.18	206.11	37.28	31.6	23.84
Unpaid Claims	-	-	-	86.28	60.96	58.05
Unearned Premiums	-	-	-	84.4	82.1	97.55
Reinsurance Payable	-	-	-	6.45	6.01	7.34
Other Current Liabilities	-	-	-	14.79	4.53	4.84
Other Long-Term Liabilities	5.24	13.49	14.05	-	5.2	-
Total Liabilities	219.55	198.38	227.2	236.63	199.8	201.97
Common Stock	118.78	118.78	118.78	118.78	118.78	118.78
Retained Earnings	-120.44	-110.28	-75.3	0.12	1.27	-3.72
Treasury Stock	-4.66	-4.66	-4.66	-	-	-
Comprensive Income & Other	14.48	14.99	22.59	30.13	16	17.32
Shareholders' Equity	8.16	18.84	61.41	149.03	136.05	132.38
Total Liabilities & Equity	227.71	217.22	288.61	385.66	335.85	334.35
Filing Date Shares Outstanding	113.48	113.48	113.48	118.78	118.78	118.78
Total Common Shares Outstanding	113.48	113.48	113.48	118.78	118.78	118.78
Net Cash (Debt)	38.15	37.78	41.93	54.86	72.63	74.96
Net Cash Growth	148.10%	-9.90%	-23.56%	-24.47%	-3.12%	27.09%
Net Cash Per Share	0.32	0.32	0.35	0.46	0.61	0.63
Book Value Per Share	-0.06	0.03	0.41	1.13	1.15	1.11
Tangible Book Value	8.16	18.84	61.41	149.03	136.05	132.38
Tangible Book Value Per Share	-0.06	0.03	0.41	1.13	1.15	1.11
Land	-	-	10.39	10.39	10.39	10.39
Buildings	-	-	28.57	28.57	28.57	28.57
Machinery	10.72	10.63	10.44	9.78	9.7	9.5
Construction In Progress	7.55	7.3	6.92	6.47	4.99	-

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