Muscat Insurance Company SAOG (MSM: MCTI)

MCTI 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	-	-	0.25	0.25	0.25	0.25
Other Investments	-	5.9	2.14	2.06	2.86	3.52
Total Investments	-	15.57	12.42	12.55	13.12	14.3
Cash & Equivalents	-	3.43	2.1	1.09	2.3	5.62
Reinsurance Recoverable	-	11.47	9.16	12.32	14.41	15.18
Other Receivables	-	0.86	1.24	3.77	3.35	4.5
Property, Plant & Equipment	-	1.04	1.1	1.25	1.38	1.54
Other Intangible Assets	-	0.03	0.05	0.08	0.08	0.09
Other Current Assets	-	1.58	3.81	2.54	2.45	3.2
Long-Term Deferred Tax Assets	-	0.52	0.46	0.34	0.33	0.43
Other Long-Term Assets	-	8.98	8	8.96	8.97	8.96
Total Assets	-	43.47	38.34	42.9	46.39	53.83
Accounts Payable	-	-	0.01	-	1.65	3.54
Accrued Expenses	-	2.45	2.59	-	1.61	2.24
Insurance & Annuity Liabilities	-	17.29	12.34	17.1	-	0.07
Unpaid Claims	-	-	-	-	11.73	13.2
Unearned Premiums	-	-	-	-	8.72	10.05
Reinsurance Payable	-	6.03	4.92	3.94	4.68	6.03
Current Portion of Leases	-	0.02	0.02	0.05	0.04	0.06
Current Income Taxes Payable	-	0.04	0.08	0.24	0.18	0.16
Long-Term Leases	-	0	-	0.01	0.01	0.01
Other Current Liabilities	-	0.01	-	-	-	-
Other Long-Term Liabilities	-	-	-	4.08	0.79	1.93
Total Liabilities	-	25.98	20.07	25.41	29.67	37.58
Common Stock	-	11.03	11.03	11.03	11.03	11.03
Additional Paid-In Capital	-	0.03	0.03	0.03	0.03	0.03
Retained Earnings	-	6.12	6.91	6.11	5.34	4.99
Comprehensive Income & Other	-	0.31	0.31	0.32	0.33	0.22
Shareholders' Equity	-	17.49	18.27	17.48	16.72	16.25
Total Liabilities & Equity	-	43.47	38.34	42.9	46.39	53.83
Filing Date Shares Outstanding	-	11.03	11.03	11.03	11.03	11.03
Total Common Shares Outstanding	-	11.03	11.03	11.03	11.03	11.03
Total Debt	-	0.03	0.02	0.06	0.05	0.07
Net Cash (Debt)	-	3.4	2.08	1.03	2.25	5.55
Net Cash Growth	-	63.17%	102.49%	-54.29%	-59.46%	-3.73%
Net Cash Per Share	-	0.31	0.19	0.09	0.20	0.50
Book Value Per Share	-	1.59	1.66	1.59	1.52	1.47
Tangible Book Value	-	17.46	18.22	17.4	16.64	16.16
Tangible Book Value Per Share	-	1.58	1.65	1.58	1.51	1.47
Land	-	0.16	0.16	-	-	0.16
Buildings	-	0.86	0.86	-	-	0.83
Machinery	-	1.23	1.17	-	-	1.14

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