Sukoon Insurance PJSC (DFM: SUKOON)

Sukoon Insurance PJSC Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	2,346	1,945	1,775	1,660	1,679	1,628
Investments in Equity & Preferred Securities	-	605.78	563.38	557.87	443.19	474.38
Other Investments	1,894	1,061	633.71	414.93	396.46	268.62
Total Investments	5,691	5,307	4,501	3,543	3,363	3,222
Cash & Equivalents	290.84	161.33	234.77	216.58	261.12	144.29
Reinsurance Recoverable	3,532	2,757	2,374	2,914	3,153	2,836
Other Receivables	237.48	207.02	169.55	398.7	346.15	399.03
Deferred Policy Acquisition Cost	-	-	-	150.38	154.77	132.2
Property, Plant & Equipment	116.69	130.49	127	49.41	48.6	10.32
Goodwill	-	-	-	4.01	8.36	9.87
Other Intangible Assets	44.3	44.3	-	79.12	75.76	77.19
Restricted Cash	197.13	195.53	184.09	172.45	171.98	155.28
Other Current Assets	22.1	24.29	21.43	33.09	24.21	30.19
Long-Term Deferred Tax Assets	2.48	2.48	2.62	4.59	1.65	1.24
Total Assets	10,135	8,830	7,614	7,565	7,608	7,018
Accrued Expenses	-	25.21	23.43	23.98	21.25	17.15
Insurance & Annuity Liabilities	5,201	4,245	3,619	717.25	695.05	719.29
Unpaid Claims	-	-	-	2,673	2,897	2,424
Unearned Premiums	-	-	-	1,423	1,381	1,383
Reinsurance Payable	15.76	12.59	5.05	326.23	348.07	414.06
Current Portion of Leases	-	4.09	4.09	4.93	5.29	1.57
Short-Term Debt	86	86	-	-	-	-
Long-Term Leases	-	20.7	18.73	22.39	27.33	2.82
Long-Term Deferred Tax Liabilities	3.99	3.99	-	-	-	-
Other Current Liabilities	-	523.44	357.21	105.76	122.45	102.21
Other Long-Term Liabilities	1,895	1,095	994.59	-	-	-
Total Liabilities	7,247	6,061	5,063	5,336	5,536	5,102
Common Stock	461.87	461.87	461.87	461.87	461.87	461.87
Retained Earnings	2,462	2,404	2,232	2,009	1,901	1,730
Comprehensive Income & Other	-48.37	-111.92	-143.22	-242.47	-291.91	-298.97
Total Common Equity	2,876	2,754	2,551	2,229	2,071	1,893
Minority Interest	12.2	15.01	-	-	0.85	22.52
Shareholders' Equity	2,888	2,769	2,551	2,229	2,072	1,916
Total Liabilities & Equity	10,135	8,830	7,614	7,565	7,608	7,018
Filing Date Shares Outstanding	461.87	461.87	461.87	461.87	461.87	461.87
Total Common Shares Outstanding	461.87	461.87	461.87	461.87	461.87	461.87
Total Debt	86	110.79	22.81	27.31	32.63	4.39
Net Cash (Debt)	204.84	50.54	211.96	189.27	228.5	139.9
Net Cash Growth	-11.16%	-76.16%	11.99%	-17.17%	63.33%	-18.42%
Net Cash Per Share	0.44	0.11	0.46	0.41	0.49	0.30
Book Value Per Share	6.23	5.96	5.52	4.83	4.48	4.10
Tangible Book Value	2,831	2,710	2,551	2,146	1,987	1,806
Tangible Book Value Per Share	6.13	5.87	5.52	4.65	4.30	3.91
Machinery	-	258.59	239.45	102.26	104.42	99.29
Construction In Progress	-	51.93	44.64	3.61	6.43	-
Leasehold Improvements	-	9.22	8.8	8.2	-	-

Source: S&P Capital IQ. Insurance template. Financial Sources.