DFM:SALAMA Balance Sheet

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	39.26	28.46	30.54	162.06	323.16	517.77
Investments in Equity & Preferred Securities	38.01	36.84	36.32	36.13	35.38	33.72
Other Investments	46.11	20.99	25.25	63.08	62.56	258.83
Total Investments	179.06	135.85	152.85	419.9	622.69	1,045
Cash & Equivalents	158.92	150.43	145.83	133.45	104.44	83.82
Reinsurance Recoverable	396.9	470.86	348.46	281.85	467.69	426.69
Other Receivables	32.02	34.83	82.07	102.25	216.03	257.77
Separate Account Assets	1,818	1,920	2,021	1,948	2,396	2,228
Property, Plant & Equipment	52.37	53.25	51.98	43.2	40.91	47.58
Goodwill	-	65.63	65.63	114.64	114.64	114.64
Other Intangible Assets	66.7	1.56	2.38	3.18	3.13	0.6
Restricted Cash	292.5	298.84	283.53	269.11	498.12	10.76
Other Current Assets	0.79	0.75	0.97	1.35	8.41	37.08
Long-Term Deferred Tax Assets	5.46	5.17	5.12	4.09	-	-
Long-Term Deferred Charges	-	-	-	-	178.16	251.13
Other Long-Term Assets	191.38	169.96	165.46	252.03	117.76	3.8
Total Assets	3,194	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	2,090	2,671	2,625	2,421	123.78	40.69
Unpaid Claims	457.73	-	-	-	574.95	558.6
Unearned Premiums	-	-	-	-	347.7	323.04
Reinsurance Payable	108.65	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	5.15	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	172.72	-	17.14	16.69	40.94	58.37
Total Liabilities	2,834	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	-427.53	-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	-173.86	-187.22	-160.05	-163.45	-137.89	-128.02
Total Common Equity	302.23	284.05	299.51	746.06	767.49	835.33
Minority Interest	57.08	50.33	69.24	70.21	75.68	74.33
Shareholders' Equity	359.32	334.38	368.74	816.27	843.17	909.67
Total Liabilities & Equity	3,194	3,307	3,325	3,573	4,768	4,508
Filing Date Shares Outstanding	483.02	483.02	483.02	483.03	483.03	483.03
Total Common Shares Outstanding	483.02	483.02	483.02	483.03	483.03	483.03
Total Debt	5.15	6.2	4.7	8.82	29.64	8.26
Net Cash (Debt)	153.77	144.22	141.14	124.62	74.8	75.56
Net Cash Growth	36.23%	2.19%	13.25%	66.61%	-1.00%	23.85%
Net Cash Per Share	0.32	0.30	0.27	0.26	0.15	0.16
Book Value Per Share	0.63	0.59	0.62	1.54	1.59	1.73
Tangible Book Value	235.54	216.86	231.49	628.24	649.72	720.1
Tangible Book Value Per Share	0.49	0.45	0.48	1.30	1.35	1.49
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.