MSM:AFIC Balance Sheet

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

Millions OMR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	-	21.84	12.38	7.42	9.38	8.25
Investments in Equity & Preferred Securities	-	0.35	0.3	0.28	0.26	0.23
Policy Loans	-	-	-	-	-	0.01
Other Investments	-	19.64	24.65	25.44	22.07	21.41
Total Investments	-	47.36	42.3	35.68	33.71	31.91
Cash & Equivalents	-	3.91	4.17	6.1	4.31	5.42
Reinsurance Recoverable	-	27.58	15.15	11.52	11.44	24.8
Other Receivables	-	1.31	1.21	0.61	0.82	7.68
Property, Plant & Equipment	-	0.09	0.11	0.19	0.32	0.46
Goodwill	-	0.56	0.56	0.56	0.56	0.56
Other Intangible Assets	-	0.11	0.16	0.25	0.29	0.3
Other Current Assets	-	0.6	0.13	0.12	0.13	0.16
Long-Term Deferred Tax Assets	-	0.2	0.23	0.21	0.18	0.19
Total Assets	-	81.71	64.03	55.24	51.75	71.47
Accrued Expenses	-	0.37	0.51	0.51	0.48	1.52
Insurance & Annuity Liabilities	-	26.04	19.79	14.16	30.61	8.61
Unpaid Claims	-	24.8	20.02	17.76	-	21.27
Unearned Premiums	-	-	-	-	-	8.04
Reinsurance Payable	-	5.2	0.51	2.28	-	7.9
Current Portion of Leases	-	-	-	-	0.08	0.07
Current Income Taxes Payable	-	0.6	0.52	0.22	0.32	0.4
Long-Term Leases	-	-	-	0.03	0.03	0.1
Other Current Liabilities	-	-	-	-	-	3.06
Other Long-Term Liabilities	-	0.82	0.28	0.14	0.26	-
Total Liabilities	-	58.01	41.82	35.27	31.91	51.09
Common Stock	-	10.33	10.33	10.33	10.33	10.33
Additional Paid-In Capital	-	-	1.75	1.75	1.75	1.75
Retained Earnings	-	12.34	9.35	7.76	7.64	8.16
Comprehensive Income & Other	-	1.02	0.78	0.12	0.12	0.13
Shareholders' Equity	23.7	23.7	22.21	19.97	19.84	20.38
Total Liabilities & Equity	-	81.71	64.03	55.24	51.75	71.47
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
Net Cash (Debt)	3.91	3.91	4.17	6.07	4.2	5.25
Net Cash Growth	80.78%	-6.35%	-31.29%	44.55%	-19.92%	-8.74%
Net Cash Per Share	0.04	0.04	0.04	0.06	0.04	0.05
Book Value Per Share	0.23	0.23	0.22	0.19	0.19	0.20
Tangible Book Value	23.03	23.03	21.49	19.16	19	19.52
Tangible Book Value Per Share	0.22	0.22	0.21	0.19	0.18	0.19
Machinery	-	1	0.96	0.92	0.9	0.88

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.