MSM:AFIC Balance Sheet

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

Millions OMR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	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
Total Common Shares Outstanding	103.3	103.3	103.3	103.3	103.3
Total Debt	-	-	0.03	0.11	0.17
Net Cash (Debt)	3.91	4.17	6.07	4.2	5.25
Net Cash Growth	-6.35%	-31.29%	44.55%	-19.92%	-8.74%
Net Cash Per Share	0.04	0.04	0.06	0.04	0.05
Book Value Per Share	0.23	0.22	0.19	0.19	0.20
Tangible Book Value	23.03	21.49	19.16	19	19.52
Tangible Book Value Per Share	0.22	0.21	0.19	0.18	0.19
Machinery	1	0.96	0.92	0.9	0.88

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.