Oman Qatar Insurance Company SAOG (MSM: OQIC)

OQIC 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	11.43	11.33	6.94	3.99	0	2.5
Other Investments	30.45	26.79	11.71	14.79	2.07	15.99
Total Investments	59.45	57.71	30.7	29.86	10.79	26.63
Cash & Equivalents	9.41	4.02	3.81	2.51	3.55	0.9
Reinsurance Recoverable	43.49	45.32	25.08	35.31	51.61	45.46
Other Receivables	1.39	0.7	0.41	7.01	5.62	5.88
Property, Plant & Equipment	0.54	0.73	0.26	0.24	0.38	0.37
Other Intangible Assets	1.6	1.69	-	-	-	-
Other Current Assets	0.59	0.35	0.37	0.36	0.04	0.42
Other Long-Term Assets	-	0.43	0.26	0.22	18.43	-
Total Assets	116.48	110.94	60.9	75.51	90.43	79.66
Accounts Payable	0.25	6.56	3.52	2.4	1.85	4.06
Accrued Expenses	0.88	0.76	0.39	0.4	0.16	0.28
Insurance & Annuity Liabilities	71.8	60.87	32.37	-	21.91	-
Unpaid Claims	-	-	-	28.24	36.51	33.97
Unearned Premiums	-	-	-	13.4	-	12.28
Reinsurance Payable	1.44	1.1	0.43	7.28	5.01	4.1
Current Portion of Leases	-	-	-	0.06	0.16	0.08
Current Income Taxes Payable	0.75	0.83	0.47	0.26	0.36	0.39
Long-Term Leases	-	0.12	0.16	-	-	-
Other Long-Term Liabilities	3.91	3.68	2.51	2.63	6.23	7.85
Total Liabilities	79.14	74.03	39.94	54.73	72.29	63.12
Common Stock	22	22	10	10	10	10
Retained Earnings	15.67	15.09	11.22	10.79	8.15	6.53
Comprehensive Income & Other	-0.34	-0.18	-0.26	-0.02	-0.01	0.01
Shareholders' Equity	37.34	36.91	20.96	20.77	18.14	16.54
Total Liabilities & Equity	116.48	110.94	60.9	75.51	90.43	79.66
Filing Date Shares Outstanding	161.22	161.22	100	100	100	100
Total Common Shares Outstanding	161.22	161.22	100	100	100	100
Total Debt	-	0.12	0.16	0.06	0.16	0.08
Net Cash (Debt)	9.41	3.9	3.66	2.45	3.4	0.82
Net Cash Growth	7.13%	6.57%	49.40%	-27.96%	314.66%	-75.19%
Net Cash Per Share	0.06	0.02	0.04	0.02	0.03	0.01
Book Value Per Share	0.23	0.23	0.21	0.21	0.18	0.17
Tangible Book Value	35.73	35.22	20.96	20.77	18.14	16.54
Tangible Book Value Per Share	0.22	0.22	0.21	0.21	0.18	0.17
Buildings	0.16	0.25	-	-	-	-
Machinery	2.64	2.22	0.79	0.77	0.72	0.73
Construction In Progress	-	0.27	-	-	-	-

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