First Insurance Company (ASE: FINS)

First Insurance Company Balance Sheet

Financials in millions JOD. 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 Debt Securities	11.39	10.79	4.08	3.05	5.38	5.54
Investments in Equity & Preferred Securities	2.63	2.72	2.77	1.48	1.28	1.36
Other Investments	6.69	12.11	13.48	13.44	10.55	3.38
Total Investments	25.96	30.91	27	24.64	23.93	17.05
Cash & Equivalents	9.12	4.96	5.25	1.04	1.65	9.75
Reinsurance Recoverable	10.27	11.87	10.81	2.74	2.29	2.39
Other Receivables	-	0.37	1.92	15.46	17.11	18.58
Separate Account Assets	1	0.99	0.99	2.61	1.7	1.39
Property, Plant & Equipment	9.94	10.09	9.9	10.33	10.7	9.84
Other Intangible Assets	0.63	0.72	0.78	0.86	0.93	0.94
Restricted Cash	0.8	0.8	0.8	-	-	-
Other Current Assets	-	0.24	0.22	0.22	0.24	0.15
Long-Term Deferred Tax Assets	2.19	2.12	1.96	0.94	0.82	0.64
Other Long-Term Assets	1.64	0.1	-	-	-	-
Total Assets	61.56	63.18	59.62	58.83	59.37	60.74
Accounts Payable	0.1	0.1	0.08	1.88	1.59	0.55
Accrued Expenses	0.2	0.26	0.18	0.4	0.56	0.48
Insurance & Annuity Liabilities	3.27	9.93	9.41	0.96	0.3	0.48
Unpaid Claims	19.04	17.02	16.09	4.8	7.24	6.15
Unearned Premiums	-	-	-	9.17	8.67	8.86
Reinsurance Payable	-	-	-	7.05	6.91	8.39
Current Portion of Leases	-	0	-	-	-	-
Current Income Taxes Payable	0.37	0.6	0.67	0.04	0.51	0.41
Long-Term Leases	0.5	0.49	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	0.01	0	0
Other Current Liabilities	2.2	1.14	1.03	-	-	2.09
Other Long-Term Liabilities	0.18	0.05	0.05	0.46	0.48	0.37
Total Liabilities	25.87	29.64	27.53	24.78	26.27	27.79
Common Stock	28	28	28	28	28	28
Retained Earnings	7.91	6.09	4.24	6.29	7.02	6.66
Comprehensive Income & Other	-0.22	-0.55	-0.15	-0.24	-1.92	-1.72
Shareholders' Equity	35.69	33.54	32.09	34.05	33.1	32.95
Total Liabilities & Equity	61.56	63.18	59.62	58.83	59.37	60.74
Filing Date Shares Outstanding	28	28	28	28	28	28
Total Common Shares Outstanding	28	28	28	28	28	28
Total Debt	0.5	0.5	-	-	-	-
Net Cash (Debt)	8.63	4.47	5.25	1.04	1.65	9.75
Net Cash Growth	-29.95%	-14.88%	404.25%	-36.79%	-83.12%	33.96%
Net Cash Per Share	0.31	0.16	0.19	0.04	0.06	0.35
Book Value Per Share	1.27	1.20	1.15	1.22	1.18	1.18
Tangible Book Value	35.06	32.82	31.32	33.19	32.16	32.01
Tangible Book Value Per Share	1.25	1.17	1.12	1.19	1.15	1.14
Land	-	2.68	2.68	2.68	2.68	2.68
Buildings	-	5.23	5.23	6.78	6.78	3.02
Machinery	-	3.69	3.82	2.32	2.28	1.16
Construction In Progress	-	-	-	-	-	4.2

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