Al Madina Insurance Company SAOG (MSM: AMAT)

MSM: AMAT 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	5.12	3.52	2.27	0.9	0.85	0
Investments in Equity & Preferred Securities	2.03	1.76	2.07	2.27	2.23	2.2
Other Investments	2.8	3.05	11.02	8.15	0.85	0.5
Total Investments	16.65	14.51	21.39	17.74	10.61	9.11
Cash & Equivalents	7.7	11.3	6.67	7.27	7.26	5.97
Reinsurance Recoverable	54.82	58.02	56.2	63.18	45.25	44.33
Other Receivables	16.76	18.9	19.12	16.92	12.88	13.66
Deferred Policy Acquisition Cost	1.17	1.03	0.78	0.79	0.82	0.79
Property, Plant & Equipment	0.49	0.57	0.61	0.69	0.73	0.85
Other Current Assets	4.74	5.78	5.18	4.29	3.11	5.24
Long-Term Deferred Tax Assets	0.29	0.29	0.3	0.2	0.14	0.08
Other Long-Term Assets	16.54	12.84	12.36	11.29	16.23	16.49
Total Assets	119.14	123.24	122.61	122.36	97.02	96.52
Accounts Payable	22.54	11.46	8.91	5.55	3.56	3.18
Accrued Expenses	0.81	0.96	0.99	1.01	1.12	1.03
Insurance & Annuity Liabilities	-0.67	0.01	-0.15	-0.47	-0.51	-0.38
Unpaid Claims	40.78	48.07	47.69	55.01	40.26	38.77
Unearned Premiums	18.95	20.38	20.51	20.52	17.05	18.34
Reinsurance Payable	10.69	15.24	18.34	12.82	9.47	9.74
Current Income Taxes Payable	-	0.3	0.28	0.32	0.39	0.26
Other Current Liabilities	0.11	0.05	0.14	0.08	0.11	0.07
Other Long-Term Liabilities	2.77	4.32	3.45	4.23	1.64	1.52
Total Liabilities	96.53	101.35	100.68	99.64	73.62	72.97
Common Stock	17.5	17.5	17.5	17.5	17.5	17.5
Additional Paid-In Capital	1.38	1.38	1.38	1.38	1.38	1.38
Retained Earnings	3.44	2.79	2.73	2.99	3.78	4.12
Comprehensive Income & Other	0.3	0.23	0.32	0.86	0.74	0.55
Shareholders' Equity	22.62	21.89	21.93	22.73	23.4	23.55
Total Liabilities & Equity	119.14	123.24	122.61	122.36	97.02	96.52
Filing Date Shares Outstanding	175	175	175	175	175	175
Total Common Shares Outstanding	175	175	175	175	175	175
Net Cash (Debt)	7.7	11.3	6.67	7.27	7.26	5.97
Net Cash Growth	8.81%	69.47%	-8.20%	0.08%	21.55%	86.91%
Net Cash Per Share	0.04	0.06	0.04	0.04	0.04	0.03
Book Value Per Share	0.13	0.13	0.13	0.13	0.13	0.13
Tangible Book Value	22.62	21.89	21.93	22.73	23.4	23.55
Tangible Book Value Per Share	0.13	0.13	0.13	0.13	0.13	0.13
Buildings	-	0.72	0.72	0.72	0.72	0.72
Machinery	-	2.12	2.05	2	1.92	1.89
Leasehold Improvements	-	0.18	0.18	0.18	0.18	0.18

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