Arabia Falcon Insurance SAOG (MSM:AFIC)

MSM:AFIC Balance Sheet

Financials in millions OMR. 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	12.38	7.42	9.38	8.25	8.74
Investments in Equity & Preferred Securities	0.3	0.28	0.26	0.23	0.2
Policy Loans	-	-	-	0.01	0.02
Other Investments	24.65	25.44	22.07	21.41	21.1
Total Investments	42.3	35.68	33.71	31.91	31.03
Cash & Equivalents	4.17	6.1	4.31	5.42	5.78
Reinsurance Recoverable	15.15	11.52	11.44	24.8	29.03
Other Receivables	1.22	0.61	0.82	7.68	6.55
Property, Plant & Equipment	0.11	0.19	0.32	0.46	0.14
Goodwill	0.56	0.56	0.56	0.56	0.56
Other Intangible Assets	0.16	0.25	0.29	0.3	0.33
Other Current Assets	0.13	0.12	0.13	0.16	-
Long-Term Deferred Tax Assets	0.23	0.21	0.18	0.19	0.22
Total Assets	64.03	55.24	51.75	71.47	73.64
Accrued Expenses	0.51	0.51	0.48	1.52	0.91
Insurance & Annuity Liabilities	19.79	14.16	30.61	8.61	7.77
Unpaid Claims	20.02	17.76	-	21.27	27.63
Unearned Premiums	-	-	-	8.04	7.5
Reinsurance Payable	0.51	2.28	-	7.9	8.31
Current Portion of Leases	-	-	0.08	0.07	0.02
Current Income Taxes Payable	0.52	0.22	0.32	0.4	0.42
Long-Term Leases	-	0.03	0.03	0.1	0.01
Other Current Liabilities	-	-	-	3.06	1.45
Other Long-Term Liabilities	0.28	0.14	0.26	-	-
Total Liabilities	41.82	35.27	31.91	51.09	54.17
Common Stock	10.33	10.33	10.33	10.33	10.33
Additional Paid-In Capital	1.75	1.75	1.75	1.75	1.75
Retained Earnings	9.35	7.76	7.64	8.16	7.52
Comprehensive Income & Other	0.78	0.12	0.12	0.13	-0.13
Shareholders' Equity	22.21	19.97	19.84	20.38	19.47
Total Liabilities & Equity	64.03	55.24	51.75	71.47	73.64
Filing Date Shares Outstanding	103.3	103.3	103.3	103.3	103.3
Total Common Shares Outstanding	103.3	103.3	103.3	103.3	103.3
Total Debt	-	0.03	0.11	0.17	0.04
Net Cash (Debt)	4.17	6.07	4.2	5.25	5.75
Net Cash Growth	-31.29%	44.55%	-19.92%	-8.74%	123.76%
Net Cash Per Share	0.04	0.06	0.04	0.05	0.06
Book Value Per Share	0.22	0.19	0.19	0.20	0.19
Tangible Book Value	21.49	19.16	19	19.52	18.58
Tangible Book Value Per Share	0.21	0.19	0.18	0.19	0.18
Machinery	0.96	0.92	0.9	0.88	0.61

Updated Mar 1, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.