Takaful Oman Insurance SAOG (MSM: TAOI)

TAOI 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
Other Investments	21.66	21	16.23	14.52	8.52	0.07
Total Investments	22.93	21	16.23	14.52	9.43	0.96
Cash & Equivalents	2.7	2.4	3.59	0.68	0.17	0.47
Reinsurance Recoverable	21.35	22.27	26.76	24.71	8.39	6.88
Other Receivables	22.93	13.18	14.23	20.32	17.5	10.78
Deferred Policy Acquisition Cost	1.63	0.64	0.46	0.48	1.6	1.23
Property, Plant & Equipment	0.54	1.94	2.2	1.79	0.3	0.36
Other Intangible Assets	0.51	0.46	0.37	0.37	0.23	0.34
Restricted Cash	-	-	-	-	0.05	0.05
Other Current Assets	-	0.52	0.42	0.51	0.4	0.31
Long-Term Deferred Tax Assets	1.09	1.17	1.31	1.05	0.83	0.63
Other Long-Term Assets	-	2	3.95	2.02	1.93	11.72
Total Assets	73.67	65.57	69.51	66.44	40.83	33.71
Accounts Payable	3.5	3.6	6.39	3.21	2.65	4.3
Accrued Expenses	0.14	0.11	0.05	0.11	0.02	0.02
Insurance & Annuity Liabilities	33.33	-6.63	-8.7	-23.73	-17.17	-13.71
Unpaid Claims	-	19.6	25.49	23.6	7.95	4.95
Unearned Premiums	0.24	10.89	7.72	7.07	6.65	7.67
Reinsurance Payable	13.52	13.56	8.35	5.04	3.87	2.64
Short-Term Debt	2.73	1.47	5.64	3.58	1.85	-
Current Income Taxes Payable	-	-	-	0.33	0.25	0.26
Long-Term Leases	0.15	0.88	1.08	0.95	-	-
Other Current Liabilities	4.4	5.61	5.21	16.92	11.54	6.42
Total Liabilities	58.01	49.09	51.23	37.14	17.65	12.56
Common Stock	16	16	16	10	10	10
Retained Earnings	-6.35	-5.56	-3.74	13.22	12.94	10.85
Comprehensive Income & Other	6.01	6.04	6.02	6.07	0.24	0.3
Shareholders' Equity	15.66	16.48	18.28	29.3	23.18	21.15
Total Liabilities & Equity	73.67	65.57	69.51	66.44	40.83	33.71
Filing Date Shares Outstanding	250	250	250	100	100	100
Total Common Shares Outstanding	250	250	250	100	100	100
Total Debt	2.88	2.35	6.72	4.53	1.85	-
Net Cash (Debt)	-0.18	0.05	-3.13	-3.85	-1.68	0.47
Net Cash Growth	-	-	-	-	-	22.05%
Net Cash Per Share	-0.00	0.00	-0.02	-0.04	-0.02	0.00
Book Value Per Share	0.06	0.07	0.07	0.29	0.23	0.21
Tangible Book Value	15.15	16.02	17.91	28.92	22.95	20.81
Tangible Book Value Per Share	0.06	0.06	0.07	0.29	0.23	0.21
Machinery	-	0.58	0.53	0.68	0.52	0.47
Construction In Progress	-	-	-	0.02	0.05	0.04
Leasehold Improvements	-	0.46	0.45	0.21	0.2	0.2

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