Arabia Falcon Insurance SAOG (MSM:AFIC)

MSM:AFIC Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	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	47.28	24.65	25.44	22.07	21.41	21.1
Total Investments	47.28	42.3	35.68	33.71	31.91	31.03
Cash & Equivalents	2.16	4.17	6.1	4.31	5.42	5.78
Reinsurance Recoverable	14.05	15.15	11.52	11.44	24.8	29.03
Other Receivables	1.15	1.22	0.61	0.82	7.68	6.55
Property, Plant & Equipment	0.11	0.11	0.19	0.32	0.46	0.14
Goodwill	0.56	0.56	0.56	0.56	0.56	0.56
Other Intangible Assets	0.15	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	0.23	0.21	0.18	0.19	0.22
Total Assets	65.69	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	18.79	19.79	14.16	30.61	8.61	7.77
Unpaid Claims	22.33	20.02	17.76	-	21.27	27.63
Unearned Premiums	-	-	-	-	8.04	7.5
Reinsurance Payable	0.41	0.51	2.28	-	7.9	8.31
Current Portion of Leases	-	-	-	0.08	0.07	0.02
Current Income Taxes Payable	0.61	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	1.96	0.28	0.14	0.26	-	-
Total Liabilities	44.1	41.82	35.27	31.91	51.09	54.17
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
Retained Earnings	10.56	9.35	7.76	7.64	8.16	7.52
Comprehensive Income & Other	0.7	0.78	0.12	0.12	0.13	-0.13
Shareholders' Equity	21.59	22.21	19.97	19.84	20.38	19.47
Total Liabilities & Equity	65.69	64.03	55.24	51.75	71.47	73.64
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	-	-	0.03	0.11	0.17	0.04
Net Cash (Debt)	2.16	4.17	6.07	4.2	5.25	5.75
Net Cash Growth	-24.78%	-31.29%	44.55%	-19.92%	-8.74%	123.76%
Net Cash Per Share	0.02	0.04	0.06	0.04	0.05	0.06
Book Value Per Share	0.21	0.22	0.19	0.19	0.20	0.19
Tangible Book Value	20.89	21.49	19.16	19	19.52	18.58
Tangible Book Value Per Share	0.20	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.