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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	30.93	25.98	15.26	13.2	15.13	15.24
Investments in Equity & Preferred Securities	10.62	10.45	10.08	9.62	6.6	5.02
Other Investments	15.27	20.9	29.06	19.18	16.41	15.79
Total Investments	56.82	57.33	54.4	42	38.14	36.05
Cash & Equivalents	6.8	9.95	4.49	4.95	4.34	3.91
Reinsurance Recoverable	7.86	20.91	16	13.86	13.51	16.41
Other Receivables	0.06	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	1.38	1.33	1.27	2.17	2.18	1.24
Goodwill	-	5.64	2.38	-	-	-
Other Intangible Assets	6.72	1.27	0.89	-	-	-
Restricted Cash	-	-	-	0.14	0.13	0.13
Other Current Assets	17.59	11.5	3.71	2.83	2.23	3.89
Total Assets	97.24	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	27	18.98	17.73	11.1	11.19	10.44
Unpaid Claims	20.25	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	14.4	16.84	3.41	0.38	-0.47	0.12
Total Liabilities	61.9	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	12.06	13.14	11.46	10.13	9.34	8.45
Treasury Stock	-0	-0	-0	-0	-0	-0
Comprehensive Income & Other	4.22	4.35	2.26	3.65	2.81	2.64
Shareholders' Equity	35.34	36.55	32.78	29.95	28.33	27.27
Total Liabilities & Equity	97.24	122.41	99.51	72.64	68.14	69.49
Filing Date Shares Outstanding	133.33	133.28	133.31	119.97	119.97	119.95
Total Common Shares Outstanding	133.33	133.28	133.31	119.97	119.97	119.95
Total Debt	0.25	0.2	0.29	0.13	-	-
Net Cash (Debt)	6.56	9.75	4.19	4.82	4.34	3.91
Net Cash Growth	12.38%	132.58%	-12.92%	11.05%	10.81%	106.49%
Net Cash Per Share	0.05	0.07	0.03	0.04	0.04	0.03
Book Value Per Share	0.27	0.27	0.25	0.25	0.24	0.23
Tangible Book Value	28.62	29.64	29.52	29.95	28.33	27.27
Tangible Book Value Per Share	0.21	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.