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	28.46	30.54	162.06	323.16	517.77
Investments in Equity & Preferred Securities	36.84	36.32	36.13	35.38	33.72
Other Investments	20.99	25.25	63.08	62.56	258.83
Total Investments	135.85	152.85	419.9	622.69	1,045
Cash & Equivalents	150.43	145.83	133.45	104.44	83.82
Reinsurance Recoverable	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	1,920	2,021	1,948	2,396	2,228
Property, Plant & Equipment	53.25	51.98	43.2	40.91	47.58
Goodwill	65.63	65.63	114.64	114.64	114.64
Other Intangible Assets	1.56	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	5.17	5.12	4.09	-	-
Long-Term Deferred Charges	-	-	-	178.16	251.13
Other Long-Term Assets	169.96	165.46	252.03	117.76	3.8
Total Assets	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	2,671	2,625	2,421	123.78	40.69
Unpaid Claims	-	-	-	574.95	558.6
Unearned Premiums	-	-	-	347.7	323.04
Reinsurance Payable	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	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	-	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	-432.35	-444.06	-264.52	-268.65	-210.67
Treasury Stock	-35.97	-35.97	-35.97	-35.97	-35.97
Comprehensive Income & Other	-187.22	-160.05	-163.45	-137.89	-128.02
Total Common Equity	284.05	299.51	746.06	767.49	835.33
Minority Interest	50.33	69.24	70.21	75.68	74.33
Shareholders' Equity	334.38	368.74	816.27	843.17	909.67
Total Liabilities & Equity	3,307	3,325	3,573	4,768	4,508
Filing Date Shares Outstanding	922.76	922.76	922.77	922.77	922.77
Total Common Shares Outstanding	922.76	922.76	922.77	922.77	922.77
Total Debt	6.2	4.7	8.82	29.64	8.26
Net Cash (Debt)	144.22	141.14	124.62	74.8	75.56
Net Cash Growth	2.19%	13.25%	66.61%	-1.00%	23.85%
Net Cash Per Share	0.16	0.14	0.14	0.08	0.08
Book Value Per Share	0.31	0.32	0.81	0.83	0.91
Tangible Book Value	216.86	231.49	628.24	649.72	720.1
Tangible Book Value Per Share	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.