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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	290.27	218.48	131.35	106.42	42.26	57.5
Investments in Equity & Preferred Securities	15.64	4.03	3.84	1.99	0.73	15.41
Other Investments	174.83	94.66	181.36	216.61	191.79	180.18
Total Investments	511.53	317.18	316.55	325.02	234.78	268.39
Cash & Equivalents	7.47	117.51	28.51	9.63	57.39	29.68
Reinsurance Recoverable	322.8	231.58	176.31	146.86	249.56	191.99
Other Receivables	8.83	6.01	1.76	3.31	136.02	131.43
Deferred Policy Acquisition Cost	-	-	-	-	23.23	24.09
Property, Plant & Equipment	0.96	0.76	0.48	1.27	1.94	2.5
Other Intangible Assets	2.69	3.74	4.47	5.64	6.62	7.86
Restricted Cash	10	10	10	10	10	10
Other Current Assets	6.71	3.6	2.77	6.03	7.12	10.01
Other Long-Term Assets	4.17	83.72	62.59	50.7	70.14	0.95
Total Assets	875.16	774.08	603.43	558.47	796.8	676.9
Accounts Payable	0.89	0.66	0.56	0.37	-	-
Accrued Expenses	2.14	2	6.44	6.33	25.31	35.1
Insurance & Annuity Liabilities	569.58	479.59	364.67	329.88	32.69	38.35
Unpaid Claims	-	-	-	-	193.32	137.01
Unearned Premiums	-	-	-	-	205.11	192.63
Reinsurance Payable	30.07	27.92	1.4	20.98	42.18	27.59
Short-Term Debt	37.36	74.91	59.38	50	33.06	-
Current Income Taxes Payable	5.19	1.53	-	-	-	-
Long-Term Deferred Tax Liabilities	0.93	0.15	-	-	-	-
Other Current Liabilities	0.24	1.34	4.11	3.44	15.39	1.95
Other Long-Term Liabilities	4.2	2.33	0.97	0.73	38.88	32.88
Total Liabilities	658.23	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	88.26	57.75	43.71	30.36	80.42	80.2
Comprehensive Income & Other	7.4	-2.15	-5.43	-11.15	0.96	1.6
Shareholders' Equity	216.93	176.88	159.55	140.48	202.66	203.08
Total Liabilities & Equity	875.16	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	37.36	74.91	59.38	50	33.06	-
Net Cash (Debt)	-29.89	42.6	-30.88	-40.37	24.34	29.68
Net Cash Growth	-	-	-	-	-18.01%	7.34%
Net Cash Per Share	-0.25	0.35	-0.25	-0.33	0.20	0.24
Book Value Per Share	1.79	1.46	1.32	1.16	1.67	1.67
Tangible Book Value	214.25	173.14	155.08	134.84	196.04	195.22
Tangible Book Value Per Share	1.77	1.43	1.28	1.11	1.62	1.61
Machinery	-	8.93	9.42	10.3	10.89	14.55

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