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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	24.66	25.81	15.26	13.2	15.13
Investments in Equity & Preferred Securities	23.43	20.08	10.45	10.08	9.62	6.6
Other Investments	68.22	11.02	20.75	29.06	19.18	16.41
Total Investments	91.65	55.76	57.01	54.4	42	38.14
Cash & Equivalents	29.66	26.87	9.95	4.49	4.95	4.34
Reinsurance Recoverable	22.5	7.98	7.18	16	13.86	13.51
Other Receivables	0.58	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	1.55	1.23	1.33	1.27	2.17	2.18
Goodwill	-	4.3	5.47	2.38	-	-
Other Intangible Assets	37.54	2.73	1.27	0.89	-	-
Restricted Cash	-	1.11	0.14	-	0.14	0.13
Other Current Assets	14.55	3.3	10.64	3.71	2.83	2.23
Other Long-Term Assets	-	3.17	1.93	-	-	-
Total Assets	198.03	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	81.92	29.8	25.92	17.73	11.1	11.19
Unpaid Claims	-	22.4	21.99	17.01	12.53	11.99
Unearned Premiums	-	-	-	24.22	15.9	14.92
Reinsurance Payable	4.31	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	-	7.44	-	-	-	-
Long-Term Leases	0.78	0.07	0.03	0.08	0.03	-
Separate Account Liability	-	-	-	0.17	0.16	0.14
Other Current Liabilities	-	0.44	3.06	0.03	0.03	0.03
Other Long-Term Liabilities	26.59	0.62	1.98	3.41	0.38	-0.47
Total Liabilities	113.59	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	18.72	16.5	12.94	11.46	10.13	9.34
Treasury Stock	-0	-0	-0	-0	-0	-0
Comprehensive Income & Other	37.9	3.95	4.35	2.26	3.65	2.81
Shareholders' Equity	84.43	39.51	36.35	32.78	29.95	28.33
Total Liabilities & Equity	198.03	108.18	96.43	99.51	72.64	68.14
Filing Date Shares Outstanding	-	169.94	169.94	169.97	152.97	152.97
Total Common Shares Outstanding	-	169.94	169.94	169.97	152.97	152.97
Total Debt	0.78	9.65	0.18	0.29	0.13	-
Net Cash (Debt)	28.88	17.22	9.77	4.19	4.82	4.34
Net Cash Growth	340.59%	76.26%	132.94%	-12.92%	11.05%	10.81%
Net Cash Per Share	-	0.10	0.06	0.02	0.03	0.03
Book Value Per Share	-	0.23	0.21	0.19	0.20	0.19
Tangible Book Value	41.81	32.48	29.62	29.52	29.95	28.33
Tangible Book Value Per Share	-	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.