Ras Al Khaimah National Insurance Company P.S.C. (ADX:RAKNIC)

ADX:RAKNIC Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	233.55	218.48	131.35	106.42	42.26	57.5
Investments in Equity & Preferred Securities	5.76	4.03	3.84	1.99	0.73	15.41
Other Investments	205.3	94.66	181.36	216.61	191.79	180.18
Total Investments	444.61	317.18	316.55	325.02	234.78	268.39
Cash & Equivalents	24.29	117.51	28.51	9.63	57.39	29.68
Reinsurance Recoverable	248.15	231.58	176.31	146.86	249.56	191.99
Other Receivables	5.49	6.01	1.76	3.31	136.02	131.43
Deferred Policy Acquisition Cost	-	-	-	-	23.23	24.09
Property, Plant & Equipment	0.65	0.76	0.48	1.27	1.94	2.5
Other Intangible Assets	3.07	3.74	4.47	5.64	6.62	7.86
Restricted Cash	10	10	10	10	10	10
Other Current Assets	7.37	3.6	2.77	6.03	7.12	10.01
Other Long-Term Assets	5	83.72	62.59	50.7	70.14	0.95
Total Assets	748.63	774.08	603.43	558.47	796.8	676.9
Accounts Payable	1.25	0.66	0.56	0.37	-	-
Accrued Expenses	2.23	2	6.44	6.33	25.31	35.1
Insurance & Annuity Liabilities	500.47	479.59	364.67	329.88	32.69	38.35
Unpaid Claims	-	-	-	-	193.32	137.01
Unearned Premiums	-	-	-	-	205.11	192.63
Reinsurance Payable	23.02	27.92	1.4	20.98	42.18	27.59
Short-Term Debt	-	74.91	59.38	50	33.06	-
Current Income Taxes Payable	3.93	1.53	-	-	-	-
Long-Term Deferred Tax Liabilities	0.56	0.15	-	-	-	-
Other Current Liabilities	0.22	1.34	4.11	3.44	15.39	1.95
Other Long-Term Liabilities	3.8	2.33	0.97	0.73	38.88	32.88
Total Liabilities	542.84	597.2	443.88	417.99	594.14	473.83
Common Stock	121.28	121.28	121.28	121.28	121.28	121.28
Retained Earnings	81.18	57.75	43.71	30.36	80.42	80.2
Comprehensive Income & Other	3.33	-2.15	-5.43	-11.15	0.96	1.6
Shareholders' Equity	205.79	176.88	159.55	140.48	202.66	203.08
Total Liabilities & Equity	748.63	774.08	603.43	558.47	796.8	676.9
Filing Date Shares Outstanding	121.28	121.28	121.28	121.28	121.28	121.28
Total Common Shares Outstanding	121.28	121.28	121.28	121.28	121.28	121.28
Total Debt	-	74.91	59.38	50	33.06	-
Net Cash (Debt)	24.29	42.6	-30.88	-40.37	24.34	29.68
Net Cash Growth	-12.50%	-	-	-	-18.01%	7.34%
Net Cash Per Share	0.20	0.35	-0.25	-0.33	0.20	0.24
Book Value Per Share	1.70	1.46	1.32	1.16	1.67	1.67
Tangible Book Value	202.72	173.14	155.08	134.84	196.04	195.22
Tangible Book Value Per Share	1.67	1.43	1.28	1.11	1.62	1.61
Machinery	-	8.93	9.42	10.3	10.89	14.55

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.