Gulf Insurance Group - Jordan (ASE: GIGJ)

GIGJ 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	60.78	57.76	11.58	11.9	11.88	2.46
Investments in Equity & Preferred Securities	6.19	5.68	5.56	5.33	3.64	3.33
Policy Loans	-	-	-	0.02	-	-
Other Investments	19.59	20.46	66.12	57.87	47.61	44.68
Total Investments	97.16	89.25	83.43	75.29	63.31	50.64
Cash & Equivalents	1.67	1.16	0.8	2.39	7.63	13.61
Reinsurance Recoverable	7.95	6.18	7.99	1.58	1.17	1.62
Other Receivables	-	3.87	2.8	35.39	35.13	32.97
Property, Plant & Equipment	7.99	7.63	7.66	6.83	4.99	5.17
Other Intangible Assets	5.77	5.49	5.73	5.72	0.39	0.55
Other Current Assets	0.79	2.78	2.53	2.29	1.45	0.83
Long-Term Deferred Tax Assets	3.76	4.27	4.14	3.74	3.63	3.65
Other Long-Term Assets	5.24	0	0.04	-	-	-
Total Assets	130.32	120.62	115.12	133.22	117.7	109.04
Accounts Payable	-	-	-	4.74	2.72	2.74
Accrued Expenses	1.75	2.36	2.47	3.02	2.05	1.57
Insurance & Annuity Liabilities	71.14	64.77	63.56	4.29	3.74	3.47
Unpaid Claims	-	-	-	28.75	24.91	21.07
Unearned Premiums	-	-	-	18.07	15.72	17.51
Reinsurance Payable	1.09	0.36	0.76	21.83	24.1	23.92
Current Portion of Leases	-	0.14	0.22	0.12	0.18	0.1
Short-Term Debt	-	-	-	1.2	-	-
Current Income Taxes Payable	0.36	0.34	0.33	2.91	2.48	-
Long-Term Debt	-	-	1.5	3	6	9
Long-Term Leases	0.43	0.1	0.17	0.12	0.13	0.3
Other Current Liabilities	-	-	-	0.41	0.44	0.11
Other Long-Term Liabilities	4.07	0.59	0.64	1.47	0.02	0.02
Total Liabilities	78.84	71.28	71.69	91.76	84.11	81.23
Common Stock	26	26	26	25.44	21.44	21.44
Retained Earnings	26.9	24.97	19.12	16.96	14.45	8.96
Comprehensive Income & Other	-1.42	-1.63	-1.68	-0.93	-2.29	-2.59
Shareholders' Equity	51.48	49.34	43.44	41.47	33.59	27.81
Total Liabilities & Equity	130.32	120.62	115.12	133.22	117.7	109.04
Filing Date Shares Outstanding	26	26	26	26	21.91	21.91
Total Common Shares Outstanding	26	26	26	26	21.91	21.91
Total Debt	0.43	0.23	1.89	4.44	6.31	9.41
Net Cash (Debt)	1.24	0.92	-1.09	-2.05	1.32	4.2
Net Cash Growth	75.83%	-	-	-	-68.65%	474.44%
Net Cash Per Share	0.05	0.04	-0.04	-0.08	0.05	0.19
Book Value Per Share	1.98	1.90	1.67	1.59	1.53	1.27
Tangible Book Value	45.71	43.85	37.7	35.75	33.2	27.26
Tangible Book Value Per Share	1.76	1.69	1.45	1.37	1.52	1.24
Land	-	3.53	3.53	2.76	1.55	1.55
Buildings	-	3.72	3.72	3.72	2.58	2.58
Machinery	-	4.44	4.21	4.17	2.93	2.76
Construction In Progress	-	0.21	-	-	-	-

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