Solidarity Bahrain B.S.C. (BAX:SOLID)

Solidarity Bahrain B.S.C. Balance Sheet

Financials in millions BHD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	19.67	24.66	25.81	15.26	13.2	15.13
Investments in Equity & Preferred Securities	20.44	20.08	10.45	10.08	9.62	6.6
Other Investments	10.93	11.02	20.75	29.06	19.18	16.41
Total Investments	51.04	55.76	57.01	54.4	42	38.14
Cash & Equivalents	42.9	26.87	9.95	4.49	4.95	4.34
Reinsurance Recoverable	11.82	7.98	7.18	16	13.86	13.51
Other Receivables	-	0.54	0.6	15.42	6.05	6.97
Deferred Policy Acquisition Cost	-	1.2	0.92	0.78	0.5	0.5
Separate Account Assets	-	-	-	0.17	0.16	0.14
Property, Plant & Equipment	1.14	1.23	1.33	1.27	2.17	2.18
Goodwill	-	4.3	5.47	2.38	-	-
Other Intangible Assets	6.91	2.73	1.27	0.89	-	-
Restricted Cash	16.88	1.11	0.14	-	0.14	0.13
Other Current Assets	8.31	3.3	10.64	3.71	2.83	2.23
Other Long-Term Assets	-	3.17	1.93	-	-	-
Total Assets	138.99	108.18	96.43	99.51	72.64	68.14
Accrued Expenses	-	4.72	5.95	3.49	2.24	1.82
Insurance & Annuity Liabilities	29.66	29.8	25.92	17.73	11.1	11.19
Unpaid Claims	22.24	22.4	21.99	17.01	12.53	11.99
Unearned Premiums	-	-	-	24.22	15.9	14.92
Reinsurance Payable	0.6	0.59	0.45	-	-	-
Current Portion of Long-Term Debt	-	1.86	-	-	-	-
Current Portion of Leases	-	0.29	0.15	0.22	0.11	-
Long-Term Debt	9.3	7.44	-	-	-	-
Long-Term Leases	0.29	0.07	0.03	0.08	0.03	-
Separate Account Liability	-	-	-	0.17	0.16	0.14
Other Current Liabilities	0.38	0.44	3.06	0.03	0.03	0.03
Other Long-Term Liabilities	8.13	0.62	1.98	3.41	0.38	-0.47
Total Liabilities	70.59	68.67	60.07	66.72	42.69	39.81
Common Stock	17	13.33	13.33	13.33	12	12
Additional Paid-In Capital	5.73	5.73	5.73	5.73	4.18	4.18
Retained Earnings	14.1	16.5	12.94	11.46	10.13	9.34
Treasury Stock	-0	-0	-0	-0	-0	-0
Comprehensive Income & Other	31.58	3.95	4.35	2.26	3.65	2.81
Shareholders' Equity	68.4	39.51	36.35	32.78	29.95	28.33
Total Liabilities & Equity	138.99	108.18	96.43	99.51	72.64	68.14
Filing Date Shares Outstanding	214.46	169.94	169.94	169.97	152.97	152.97
Total Common Shares Outstanding	214.46	169.94	169.94	169.97	152.97	152.97
Total Debt	9.59	9.65	0.18	0.29	0.13	-
Net Cash (Debt)	33.31	17.22	9.77	4.19	4.82	4.34
Net Cash Growth	620.02%	76.26%	132.94%	-12.92%	11.05%	10.81%
Net Cash Per Share	0.20	0.10	0.06	0.02	0.03	0.03
Book Value Per Share	0.32	0.23	0.21	0.19	0.20	0.19
Tangible Book Value	61.49	32.48	29.62	29.52	29.95	28.33
Tangible Book Value Per Share	0.29	0.19	0.17	0.17	0.20	0.19
Land	-	0.64	0.85	0.85	0.85	0.85
Machinery	-	2.89	2.78	2.24	3.12	2.98

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.