Middle East Insurance Co. (ASE: MEIN)

Middle East Insurance Co. 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	8.86	2	-	0.7	0.7	0.7
Investments in Equity & Preferred Securities	14.18	15.43	16.07	15.02	12.76	19.65
Policy Loans	-	-	-	0.55	0.56	0.78
Other Investments	20.16	20.98	24.99	13.05	11.65	-
Total Investments	71.99	68.25	71.51	59.93	55.02	51.65
Cash & Equivalents	1.59	7.12	3.3	8.84	10.45	13.75
Reinsurance Recoverable	18.74	18.58	21.5	4.73	4.3	4.38
Other Receivables	-	1.2	1.11	10.35	10.95	10.32
Property, Plant & Equipment	4.48	4.55	4.74	4.99	5.19	5.45
Other Intangible Assets	0.01	0.02	0.03	0.02	0.02	0.04
Restricted Cash	-	0.08	-	0.33	0.33	0.33
Other Current Assets	-	0.32	0.7	0.7	0.36	0.28
Long-Term Deferred Tax Assets	0.82	0.53	0.3	0.57	1.28	0.74
Other Long-Term Assets	2.79	1.03	0.16	-	-	-
Total Assets	100.41	101.66	103.35	90.44	87.91	86.93
Accrued Expenses	0.25	0.18	0.14	0.49	0.57	3.1
Insurance & Annuity Liabilities	55.37	56.88	56.71	4.24	4.18	4.82
Unpaid Claims	-	-	-	17.16	17.08	15.59
Unearned Premiums	-	0.01	0.03	7.16	7.56	8.98
Reinsurance Payable	-	-	-	11.11	10.56	8.13
Current Portion of Leases	-	-	-	0.05	0.05	0.05
Current Income Taxes Payable	0.57	0.87	0.43	0.21	0.77	0.33
Long-Term Leases	0.01	0	0.05	0.03	0.07	0.11
Long-Term Deferred Tax Liabilities	0.29	0.49	0.59	0.37	-	-
Other Current Liabilities	-	-	-	2.9	2.47	3.41
Other Long-Term Liabilities	4.36	4.23	3.93	5.28	5.53	3.43
Total Liabilities	61.43	63.2	62.39	49.52	49.33	48.37
Common Stock	22.05	22.05	22.05	22.05	22.05	22.05
Retained Earnings	19.39	17.91	19.75	20.49	19.97	17.18
Comprehensive Income & Other	-2.46	-1.5	-0.84	-1.62	-3.43	-0.67
Shareholders' Equity	38.99	38.46	40.96	40.92	38.58	38.56
Total Liabilities & Equity	100.41	101.66	103.35	90.44	87.91	86.93
Filing Date Shares Outstanding	22.05	22.05	22.05	22.05	22.05	22.05
Total Common Shares Outstanding	22.05	22.05	22.05	22.05	22.05	22.05
Total Debt	0.01	0	0.05	0.08	0.12	0.16
Net Cash (Debt)	1.58	7.12	3.25	8.76	10.33	13.59
Net Cash Growth	-53.35%	118.75%	-62.85%	-15.21%	-24.00%	9.49%
Net Cash Per Share	0.07	0.32	0.15	0.40	0.47	0.62
Book Value Per Share	1.77	1.74	1.86	1.86	1.75	1.75
Tangible Book Value	38.98	38.44	40.93	40.91	38.56	38.52
Tangible Book Value Per Share	1.77	1.74	1.86	1.86	1.75	1.75
Land	-	0.76	0.76	0.76	0.76	0.76
Buildings	-	4.86	4.86	4.86	4.86	4.86
Machinery	-	2.13	2.1	2.06	1.99	1.98

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