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 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	-	25.98	15.26	13.2	15.13	15.24
Investments in Equity & Preferred Securities	0.24	10.45	10.08	9.62	6.6	5.02
Other Investments	49.58	20.9	29.06	19.18	16.41	15.79
Total Investments	49.82	57.33	54.4	42	38.14	36.05
Cash & Equivalents	18.51	9.95	4.49	4.95	4.34	3.91
Reinsurance Recoverable	5.84	20.91	16	13.86	13.51	16.41
Other Receivables	-	13.33	15.42	6.05	6.97	7.31
Deferred Policy Acquisition Cost	-	0.99	0.78	0.5	0.5	0.43
Separate Account Assets	-	0.18	0.17	0.16	0.14	0.12
Property, Plant & Equipment	1.37	1.33	1.27	2.17	2.18	1.24
Goodwill	-	5.64	2.38	-	-	-
Other Intangible Assets	6.63	1.27	0.89	-	-	-
Restricted Cash	-	-	-	0.14	0.13	0.13
Other Current Assets	13.05	11.5	3.71	2.83	2.23	3.89
Total Assets	95.21	122.41	99.51	72.64	68.14	69.49
Accrued Expenses	-	5.08	3.49	2.24	1.82	2.32
Insurance & Annuity Liabilities	47.29	18.98	17.73	11.1	11.19	10.44
Unpaid Claims	-	18.74	17.01	12.53	11.99	12.93
Unearned Premiums	-	25.28	24.22	15.9	14.92	15.66
Current Portion of Leases	-	0.17	0.22	0.11	-	-
Long-Term Leases	0.25	0.03	0.08	0.03	-	-
Separate Account Liability	-	0.18	0.17	0.16	0.14	0.12
Other Current Liabilities	-	0.03	0.03	0.03	0.03	0.46
Other Long-Term Liabilities	11.31	16.84	3.41	0.38	-0.47	0.12
Total Liabilities	58.84	85.86	66.72	42.69	39.81	42.22
Common Stock	13.33	13.33	13.33	12	12	12
Additional Paid-In Capital	5.73	5.73	5.73	4.18	4.18	4.18
Retained Earnings	13.35	13.14	11.46	10.13	9.34	8.45
Treasury Stock	-0	-0	-0	-0	-0	-0
Comprehensive Income & Other	3.97	4.35	2.26	3.65	2.81	2.64
Shareholders' Equity	36.38	36.55	32.78	29.95	28.33	27.27
Total Liabilities & Equity	95.21	122.41	99.51	72.64	68.14	69.49
Filing Date Shares Outstanding	151.35	133.28	133.31	119.97	119.97	119.95
Total Common Shares Outstanding	151.35	133.28	133.31	119.97	119.97	119.95
Total Debt	0.25	0.2	0.29	0.13	-	-
Net Cash (Debt)	18.26	9.75	4.19	4.82	4.34	3.91
Net Cash Growth	237.29%	132.58%	-12.92%	11.05%	10.81%	106.49%
Net Cash Per Share	0.12	0.07	0.03	0.04	0.04	0.03
Book Value Per Share	0.24	0.27	0.25	0.25	0.24	0.23
Tangible Book Value	29.75	29.64	29.52	29.95	28.33	27.27
Tangible Book Value Per Share	0.20	0.22	0.22	0.25	0.24	0.23
Land	-	0.85	0.85	0.85	0.85	0.85
Machinery	-	2.78	2.24	3.12	2.98	1.79

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