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

DFM:SALAMA Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	-	31.31	28.46	30.54	162.06	323.16
Investments in Equity & Preferred Securities	39.55	40.53	36.84	36.32	36.13	35.38
Other Investments	403.51	15.22	20.99	25.25	63.08	62.56
Total Investments	506.63	146.42	135.85	152.85	419.9	622.69
Cash & Equivalents	161.58	195.41	150.43	145.83	133.45	104.44
Reinsurance Recoverable	463.52	437.12	470.86	348.46	281.85	467.69
Other Receivables	38.86	25.83	34.83	82.07	102.25	216.03
Separate Account Assets	1,727	1,780	1,920	2,021	1,948	2,396
Property, Plant & Equipment	66.66	53.38	53.25	51.98	43.2	40.91
Goodwill	-	65.63	65.63	65.63	114.64	114.64
Other Intangible Assets	67.96	1.05	1.56	2.38	3.18	3.13
Restricted Cash	313.35	314.23	298.84	283.53	269.11	498.12
Other Current Assets	0.76	0.77	0.75	0.97	1.35	8.41
Long-Term Deferred Tax Assets	7.68	7.72	5.17	5.12	4.09	-
Long-Term Deferred Charges	-	-	-	-	-	178.16
Other Long-Term Assets	3.68	208.3	169.96	165.46	252.03	117.76
Total Assets	3,358	3,236	3,307	3,325	3,573	4,768

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	-	90.47	68.77	57.68	59.24	76.89
Accrued Expenses	-	32.19	26.34	22.03	25.27	124.99
Insurance & Annuity Liabilities	2,050	2,564	2,671	2,625	2,421	123.78
Unpaid Claims	497.6	-	-	-	-	574.95
Unearned Premiums	-	-	-	-	-	347.7
Reinsurance Payable	72.31	101.71	122.09	162.3	185.2	192.29
Current Portion of Leases	-	2.12	2.19	2.51	2.76	2.42
Short-Term Debt	-	-	-	-	-	25
Current Income Taxes Payable	-	23.47	22.23	16.04	6.15	18.74
Long-Term Leases	4.98	3.89	4.01	2.19	6.07	2.22
Long-Term Deferred Tax Liabilities	-	0.24	4.09	0.12	0.1	-
Separate Account Liability	-	-	-	-	-	2,395
Other Current Liabilities	-	57.98	51.43	51.68	34.31	-
Other Long-Term Liabilities	201.62	-	-	17.14	16.69	40.94
Total Liabilities	2,826	2,876	2,973	2,956	2,757	3,925

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	819.98	483.02	939.59	939.59	1,210	1,210
Retained Earnings	12.16	-9.42	-432.35	-444.06	-264.52	-268.65
Treasury Stock	-	-	-35.97	-35.97	-35.97	-35.97
Comprehensive Income & Other	-363.05	-173.57	-187.22	-160.05	-163.45	-137.89
Total Common Equity	469.09	300.04	284.05	299.51	746.06	767.49
Minority Interest	62.56	59.99	50.33	69.24	70.21	75.68
Shareholders' Equity	531.65	360.02	334.38	368.74	816.27	843.17
Total Liabilities & Equity	3,358	3,236	3,307	3,325	3,573	4,768

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	819.98	483.02	483.02	483.02	483.03	483.03
Total Common Shares Outstanding	819.98	483.02	483.02	483.02	483.03	483.03
Total Debt	4.98	6.01	6.2	4.7	8.82	29.64
Net Cash (Debt)	156.61	189.41	144.22	141.14	124.62	74.8
Net Cash Growth	-10.29%	31.33%	2.19%	13.25%	66.61%	-1.00%
Net Cash Per Share	0.19	0.39	0.30	0.27	0.26	0.15
Book Value Per Share	0.57	0.62	0.59	0.62	1.54	1.59
Tangible Book Value	401.13	233.35	216.86	231.49	628.24	649.72
Tangible Book Value Per Share	0.49	0.48	0.45	0.48	1.30	1.35
Land	-	11.24	10.74	10.81	8.78	8.71
Buildings	-	33.59	32.05	32.28	23.22	23.67
Machinery	-	27.69	26.16	24.92	24.04	25.56
Construction In Progress	-	1.58	0.44	0.44	1.37	0.59

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

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