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

DFM:SALAMA Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	74.41	162.06	323.16	517.77
Investments in Equity & Preferred Securities	35.89	36.32	36.13	35.38	33.72
Other Investments	222.74	85.51	63.08	62.56	258.83
Total Investments	307.47	341.94	419.9	622.69	1,045
Cash & Equivalents	148.77	145.83	133.45	104.44	83.82
Reinsurance Recoverable	470.86	348.46	281.85	467.69	426.69
Other Receivables	-	115.71	102.25	216.03	257.77
Separate Account Assets	1,920	2,021	1,948	2,396	2,228
Property, Plant & Equipment	53.25	51.98	43.2	40.91	47.58
Goodwill	-	65.63	114.64	114.64	114.64
Other Intangible Assets	67.19	2.38	3.18	3.13	0.6
Restricted Cash	298.84	283.53	269.11	498.12	10.76
Other Current Assets	0.75	0.97	1.35	8.41	37.08
Long-Term Deferred Tax Assets	-	5.12	4.09	-	-
Long-Term Deferred Charges	-	-	-	178.16	251.13
Other Long-Term Assets	40	231.2	252.03	117.76	3.8
Total Assets	3,307	3,614	3,573	4,768	4,508
Accounts Payable	-	57.68	59.24	76.89	51.29
Accrued Expenses	-	12.9	25.27	124.99	161.65
Insurance & Annuity Liabilities	2,667	2,625	2,421	123.78	40.69
Unpaid Claims	-	-	-	574.95	558.6
Unearned Premiums	-	-	-	347.7	323.04
Reinsurance Payable	121.54	162.3	185.2	192.29	147.79
Current Portion of Leases	-	2.51	2.76	2.42	3.79
Short-Term Debt	-	-	-	25	-
Current Income Taxes Payable	-	16.04	6.15	18.74	23.48
Long-Term Leases	6.2	2.19	6.07	2.22	4.47
Long-Term Deferred Tax Liabilities	-	0.12	0.1	-	-
Separate Account Liability	-	-	-	2,395	2,225
Other Current Liabilities	-	60.8	34.31	-	-
Other Long-Term Liabilities	177.57	17.14	16.69	40.94	58.37
Total Liabilities	2,973	2,956	2,757	3,925	3,598
Common Stock	939.59	939.59	1,210	1,210	1,210
Retained Earnings	-439.74	-155.6	-264.52	-268.65	-210.67
Treasury Stock	-35.97	-35.97	-35.97	-35.97	-35.97
Comprehensive Income & Other	-179.83	-160.05	-163.45	-137.89	-128.02
Total Common Equity	284.05	587.98	746.06	767.49	835.33
Minority Interest	50.33	69.24	70.21	75.68	74.33
Shareholders' Equity	334.38	657.21	816.27	843.17	909.67
Total Liabilities & Equity	3,307	3,614	3,573	4,768	4,508
Filing Date Shares Outstanding	972.01	922.76	922.77	922.77	922.77
Total Common Shares Outstanding	972.01	922.76	922.77	922.77	922.77
Total Debt	6.2	4.7	8.82	29.64	8.26
Net Cash (Debt)	142.57	141.14	124.62	74.8	75.56
Net Cash Growth	1.01%	13.25%	66.61%	-1.00%	23.85%
Net Cash Per Share	0.15	0.14	0.14	0.08	0.08
Book Value Per Share	0.29	0.64	0.81	0.83	0.91
Tangible Book Value	216.86	519.96	628.24	649.72	720.1
Tangible Book Value Per Share	0.22	0.56	0.68	0.70	0.78
Land	-	10.81	8.78	8.71	9.16
Buildings	-	32.28	23.22	23.67	25.12
Machinery	-	24.92	24.04	25.56	24.59
Construction In Progress	-	0.44	1.37	0.59	0.34

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