Islamic Arab Insurance Co. (Salama) PJSC (DFM:SALAMA)

DFM:SALAMA Balance Sheet

Financials in millions AED. 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	-	28.46	30.54	162.06	323.16	517.77
Investments in Equity & Preferred Securities	36.72	36.84	36.32	36.13	35.38	33.72
Other Investments	209.88	20.99	25.25	63.08	62.56	258.83
Total Investments	295.8	135.85	152.85	419.9	622.69	1,045
Cash & Equivalents	145.59	150.43	145.83	133.45	104.44	83.82
Reinsurance Recoverable	414.83	470.86	348.46	281.85	467.69	426.69
Other Receivables	-	34.83	82.07	102.25	216.03	257.77
Separate Account Assets	1,852	1,920	2,021	1,948	2,396	2,228
Property, Plant & Equipment	52.62	53.25	51.98	43.2	40.91	47.58
Goodwill	-	65.63	65.63	114.64	114.64	114.64
Other Intangible Assets	66.96	1.56	2.38	3.18	3.13	0.6
Restricted Cash	305.96	298.84	283.53	269.11	498.12	10.76
Other Current Assets	0.75	0.75	0.97	1.35	8.41	37.08
Long-Term Deferred Tax Assets	-	5.17	5.12	4.09	-	-
Long-Term Deferred Charges	-	-	-	-	178.16	251.13
Other Long-Term Assets	30.1	169.96	165.46	252.03	117.76	3.8
Total Assets	3,164	3,307	3,325	3,573	4,768	4,508
Accounts Payable	-	68.77	57.68	59.24	76.89	51.29
Accrued Expenses	-	26.34	22.03	25.27	124.99	161.65
Insurance & Annuity Liabilities	2,547	2,671	2,625	2,421	123.78	40.69
Unpaid Claims	-	-	-	-	574.95	558.6
Unearned Premiums	-	-	-	-	347.7	323.04
Reinsurance Payable	122.23	122.09	162.3	185.2	192.29	147.79
Current Portion of Leases	-	2.19	2.51	2.76	2.42	3.79
Short-Term Debt	-	-	-	-	25	-
Current Income Taxes Payable	-	22.23	16.04	6.15	18.74	23.48
Long-Term Leases	6.1	4.01	2.19	6.07	2.22	4.47
Long-Term Deferred Tax Liabilities	-	4.09	0.12	0.1	-	-
Separate Account Liability	-	-	-	-	2,395	2,225
Other Current Liabilities	-	51.43	51.68	34.31	-	-
Other Long-Term Liabilities	150.5	-	17.14	16.69	40.94	58.37
Total Liabilities	2,826	2,973	2,956	2,757	3,925	3,598
Common Stock	939.59	939.59	939.59	1,210	1,210	1,210
Retained Earnings	-441.23	-432.35	-444.06	-264.52	-268.65	-210.67
Treasury Stock	-35.97	-35.97	-35.97	-35.97	-35.97	-35.97
Comprehensive Income & Other	-175.96	-187.22	-160.05	-163.45	-137.89	-128.02
Total Common Equity	286.43	284.05	299.51	746.06	767.49	835.33
Minority Interest	52.02	50.33	69.24	70.21	75.68	74.33
Shareholders' Equity	338.45	334.38	368.74	816.27	843.17	909.67
Total Liabilities & Equity	3,164	3,307	3,325	3,573	4,768	4,508
Filing Date Shares Outstanding	974	922.76	922.76	922.77	922.77	922.77
Total Common Shares Outstanding	974	922.76	922.76	922.77	922.77	922.77
Total Debt	6.1	6.2	4.7	8.82	29.64	8.26
Net Cash (Debt)	139.48	144.22	141.14	124.62	74.8	75.56
Net Cash Growth	19.92%	2.19%	13.25%	66.61%	-1.00%	23.85%
Net Cash Per Share	0.15	0.16	0.14	0.14	0.08	0.08
Book Value Per Share	0.29	0.31	0.32	0.81	0.83	0.91
Tangible Book Value	219.47	216.86	231.49	628.24	649.72	720.1
Tangible Book Value Per Share	0.23	0.24	0.25	0.68	0.70	0.78
Land	-	10.74	10.81	8.78	8.71	9.16
Buildings	-	32.05	32.28	23.22	23.67	25.12
Machinery	-	26.16	24.92	24.04	25.56	24.59
Construction In Progress	-	0.44	0.44	1.37	0.59	0.34

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