Solidarity Bahrain B.S.C. Balance Sheet

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

Millions BHD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	-	52.88	24.66	25.81	15.26	13.2
Investments in Equity & Preferred Securities	23.91	32.53	20.08	10.45	10.08	9.62
Other Investments	66.18	14.85	11.02	20.75	29.06	19.18
Total Investments	90.09	100.26	55.76	57.01	54.4	42
Cash & Equivalents	23.13	19.65	26.87	9.95	4.49	4.95
Reinsurance Recoverable	20.59	19.71	7.98	7.18	16	13.86
Other Receivables	-	1.23	0.54	0.6	15.42	6.05
Deferred Policy Acquisition Cost	-	1.45	1.2	0.92	0.78	0.5
Separate Account Assets	-	-	-	-	0.17	0.16
Property, Plant & Equipment	1.68	1.79	1.23	1.33	1.27	2.17
Goodwill	-	28.29	4.3	5.47	2.38	-
Other Intangible Assets	37.61	9.57	2.73	1.27	0.89	-
Restricted Cash	-	1.89	1.11	0.14	-	0.14
Other Current Assets	12.25	5.19	3.3	10.64	3.71	2.83
Other Long-Term Assets	-	19.24	3.17	1.93	-	-
Total Assets	185.35	208.26	108.18	96.43	99.51	72.64
Accrued Expenses	-	5.64	4.72	5.95	3.49	2.24
Insurance & Annuity Liabilities	79.78	59.83	29.8	25.92	17.73	11.1
Unpaid Claims	-	38.72	22.4	21.99	17.01	12.53
Unearned Premiums	-	-	-	-	24.22	15.9
Reinsurance Payable	1	2.78	0.59	0.45	-	-
Current Portion of Long-Term Debt	-	-	1.86	-	-	-
Current Portion of Leases	-	0.34	0.29	0.15	0.22	0.11
Long-Term Debt	-	-	7.44	-	-	-
Long-Term Leases	0.91	0.68	0.07	0.03	0.08	0.03
Separate Account Liability	-	-	-	-	0.17	0.16
Other Current Liabilities	0.32	0.32	0.44	3.06	0.03	0.03
Other Long-Term Liabilities	10.27	3.07	0.62	1.98	3.41	0.38
Total Liabilities	92.28	111.92	68.67	60.07	66.72	42.69
Preferred Stock, Convertible	11.81	11.81	-	-	-	-
Common Stock	17	17	13.33	13.33	13.33	12
Additional Paid-In Capital	5.73	5.73	5.73	5.73	5.73	4.18
Retained Earnings	16.33	19.97	16.5	12.94	11.46	10.13
Treasury Stock	-0	-0	-0	-0	-0	-0
Comprehensive Income & Other	42.2	41.83	3.95	4.35	2.26	3.65
Total Common Equity	81.26	84.53	39.51	36.35	32.78	29.95
Shareholders' Equity	93.07	96.34	39.51	36.35	32.78	29.95
Total Liabilities & Equity	185.35	208.26	108.18	96.43	99.51	72.64
Filing Date Shares Outstanding	-	169.94	169.94	169.94	169.97	152.97
Total Common Shares Outstanding	-	169.94	169.94	169.94	169.97	152.97
Total Debt	0.91	1.02	9.65	0.18	0.29	0.13
Net Cash (Debt)	22.22	18.63	17.22	9.77	4.19	4.82
Net Cash Growth	-33.30%	8.24%	76.26%	132.94%	-12.92%	11.05%
Net Cash Per Share	-	0.11	0.10	0.06	0.02	0.03
Book Value Per Share	-	0.50	0.23	0.21	0.19	0.20
Tangible Book Value	43.65	46.68	32.48	29.62	29.52	29.95
Tangible Book Value Per Share	-	0.27	0.19	0.17	0.17	0.20
Land	-	0.4	0.64	0.85	0.85	0.85
Machinery	-	4.14	2.89	2.78	2.24	3.12

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.