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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	60.76	57.76	11.58	11.9	11.88	2.46
Investments in Equity & Preferred Securities	6.04	5.68	5.56	5.33	3.64	3.33
Policy Loans	-	-	-	0.02	-	-
Other Investments	12.6	20.46	66.12	57.87	47.61	44.68
Total Investments	89.41	89.25	83.43	75.29	63.31	50.64
Cash & Equivalents	11.27	1.16	0.8	2.39	7.63	13.61
Reinsurance Recoverable	8.33	6.18	7.99	1.58	1.17	1.62
Other Receivables	0	3.87	2.8	35.39	35.13	32.97
Property, Plant & Equipment	8.01	7.63	7.66	6.83	4.99	5.17
Other Intangible Assets	5.71	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	3.86	4.27	4.14	3.74	3.63	3.65
Other Long-Term Assets	5.83	0	0.04	-	-	-
Total Assets	133.2	120.62	115.12	133.22	117.7	109.04
Accounts Payable	-	-	-	4.74	2.72	2.74
Accrued Expenses	1.34	2.36	2.47	3.02	2.05	1.57
Insurance & Annuity Liabilities	71.17	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	2.94	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	0.32	0.34	0.33	2.91	2.48	-
Long-Term Debt	-	-	1.5	3	6	9
Long-Term Leases	0.45	0.1	0.17	0.12	0.13	0.3
Other Current Liabilities	-	-	-	0.41	0.44	0.11
Other Long-Term Liabilities	3.53	0.59	0.64	1.47	0.02	0.02
Total Liabilities	79.76	71.28	71.69	91.76	84.11	81.23
Common Stock	26	26	26	25.44	21.44	21.44
Retained Earnings	29.03	24.97	19.12	16.96	14.45	8.96
Comprensive Income & Other	-1.58	-1.63	-1.68	-0.93	-2.29	-2.59
Shareholders' Equity	53.45	49.34	43.44	41.47	33.59	27.81
Total Liabilities & Equity	133.2	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	0.45	0.23	1.89	4.44	6.31	9.41
Net Cash (Debt)	10.82	0.92	-1.09	-2.05	1.32	4.2
Net Cash Growth	136.46%	-	-	-	-68.65%	474.44%
Net Cash Per Share	0.42	0.04	-0.04	-0.08	0.05	0.19
Book Value Per Share	2.06	1.90	1.67	1.59	1.53	1.27
Tangible Book Value	47.74	43.85	37.7	35.75	33.2	27.26
Tangible Book Value Per Share	1.84	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.