Arabia Falcon Insurance SAOG (MSM: AFIC)

MSM: AFIC Balance Sheet

Financials in millions OMR. 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	11.35	7.42	9.38	8.25	8.74	9.54
Investments in Equity & Preferred Securities	0.29	0.28	0.26	0.23	0.2	0.34
Policy Loans	-	-	-	0.01	0.02	-
Other Investments	25.41	25.44	22.07	21.41	21.1	21.08
Total Investments	40.13	35.68	33.71	31.91	31.03	31.86
Cash & Equivalents	3.19	6.1	4.31	5.42	5.78	2.66
Reinsurance Recoverable	13.06	11.52	11.44	24.8	29.03	20.95
Other Receivables	1.18	0.61	0.82	7.68	6.55	5.5
Property, Plant & Equipment	0.12	0.19	0.32	0.46	0.14	0.18
Goodwill	0.56	0.56	0.56	0.56	0.56	0.56
Other Intangible Assets	0.18	0.25	0.29	0.3	0.33	0.41
Other Current Assets	-	0.12	0.13	0.16	-	0.12
Long-Term Deferred Tax Assets	0.21	0.21	0.18	0.19	0.22	0.14
Total Assets	58.63	55.24	51.75	71.47	73.64	62.38
Accrued Expenses	-	0.51	0.48	1.52	0.91	0.76
Insurance & Annuity Liabilities	16.95	14.16	30.61	8.61	7.77	7.54
Unpaid Claims	18.35	17.76	-	21.27	27.63	20.58
Unearned Premiums	-	-	-	8.04	7.5	6.22
Reinsurance Payable	0.48	2.28	-	7.9	8.31	6.61
Current Portion of Leases	-	-	0.08	0.07	0.02	0.08
Current Income Taxes Payable	0.41	0.22	0.32	0.4	0.42	0.26
Long-Term Leases	0.01	0.03	0.03	0.1	0.01	0.01
Other Current Liabilities	-	-	-	3.06	1.45	1.2
Other Long-Term Liabilities	0.57	0.14	0.26	-	-	-
Total Liabilities	36.96	35.27	31.91	51.09	54.17	43.42
Common Stock	10.33	10.33	10.33	10.33	10.33	10.33
Additional Paid-In Capital	1.75	1.75	1.75	1.75	1.75	1.75
Retained Earnings	8.91	7.76	7.64	8.16	7.52	6.47
Comprehensive Income & Other	0.67	0.12	0.12	0.13	-0.13	0.4
Shareholders' Equity	21.66	19.97	19.84	20.38	19.47	18.95
Total Liabilities & Equity	58.63	55.24	51.75	71.47	73.64	62.38
Filing Date Shares Outstanding	103.3	103.3	103.3	103.3	103.3	103.3
Total Common Shares Outstanding	103.3	103.3	103.3	103.3	103.3	103.3
Total Debt	0.01	0.03	0.11	0.17	0.04	0.09
Net Cash (Debt)	3.18	6.07	4.2	5.25	5.75	2.57
Net Cash Growth	22.10%	44.55%	-19.92%	-8.74%	123.76%	-8.43%
Net Cash Per Share	0.03	0.06	0.04	0.05	0.06	0.02
Book Value Per Share	0.21	0.19	0.19	0.20	0.19	0.18
Tangible Book Value	20.92	19.16	19	19.52	18.58	17.99
Tangible Book Value Per Share	0.20	0.19	0.18	0.19	0.18	0.17
Machinery	-	0.92	0.9	0.88	0.61	0.54

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