The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (TADAWUL: 8030)

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company Balance Sheet

Financials in millions SAR. 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	-	-	-	251.09	388.3	357.6
Investments in Equity & Preferred Securities	58.65	58.65	54.86	211.18	51.52	11.32
Other Investments	649.35	736.32	679.19	261.97	179.3	386.8
Total Investments	1,073	1,137	1,038	724.24	619.13	755.72
Cash & Equivalents	460.74	270.87	327.79	477	338.67	210.9
Reinsurance Recoverable	455.38	692.49	701.74	1,133	1,002	936.45
Other Receivables	52.29	32.62	93.92	728.49	858.43	517.16
Deferred Policy Acquisition Cost	-	-	-	49.9	60.16	67.2
Property, Plant & Equipment	52.34	61.86	52.39	54.59	62.83	72.02
Goodwill	480	480	480	480	480	480
Other Intangible Assets	16.37	18.47	23.19	12.11	7.09	4.72
Restricted Cash	304.27	327.2	260.64	240.68	198.84	200.32
Other Current Assets	86.14	91.94	68.83	198.35	197.46	207.29
Long-Term Deferred Tax Assets	7.29	7.29	-	-	-	11.96
Long-Term Deferred Charges	-	-	-	21.01	17.66	31.1
Other Long-Term Assets	-	-	-	6.27	6.32	6.04
Total Assets	2,988	3,120	3,046	4,125	3,848	3,501
Accounts Payable	-	0.1	0.34	299.65	164.68	164.82
Accrued Expenses	171.61	108.66	53.95	242.2	154.86	45.09
Insurance & Annuity Liabilities	1,752	1,998	2,228	226.51	148.14	148.66
Unpaid Claims	-	-	-	1,207	1,300	1,218
Unearned Premiums	-	-	-	915.69	1,056	1,017
Reinsurance Payable	7.25	76.14	46	155.26	165.53	107.49
Current Portion of Leases	0.92	9.79	3.39	7.1	9.54	10.51
Current Income Taxes Payable	12.52	8.96	4.29	14.03	12.77	13.19
Long-Term Leases	1.14	1.09	0.24	1.43	7.06	15.39
Long-Term Deferred Tax Liabilities	-	-	3.19	2.44	1.44	-
Other Current Liabilities	-	-	-	10.38	44.68	10.65
Other Long-Term Liabilities	-	-	-	-	-	17.08
Total Liabilities	1,972	2,203	2,340	3,111	3,089	2,795
Common Stock	1,050	1,050	1,050	1,050	800	800
Additional Paid-In Capital	70	70	70	70	-	-
Retained Earnings	-132	-230.99	-432.47	-121.48	-73.43	-110.35
Comprehensive Income & Other	28.18	28.41	19.18	16.13	33.13	16.5
Shareholders' Equity	1,016	917.42	706.72	1,015	759.7	706.16
Total Liabilities & Equity	2,988	3,120	3,046	4,125	3,848	3,501
Filing Date Shares Outstanding	105	105	105	105	70	70
Total Common Shares Outstanding	105	105	105	105	70	70
Total Debt	2.06	10.88	3.63	8.53	16.6	25.9
Net Cash (Debt)	458.68	260	324.16	468.47	322.07	184.99
Net Cash Growth	12.93%	-19.79%	-30.81%	45.46%	74.10%	-82.51%
Net Cash Per Share	4.37	2.48	3.09	4.46	4.60	2.64
Book Value Per Share	9.68	8.74	6.73	9.66	10.85	10.09
Tangible Book Value	519.8	418.95	203.53	522.54	272.6	221.44
Tangible Book Value Per Share	4.95	3.99	1.94	4.98	3.89	3.16
Land	-	30	30	30	30	30
Machinery	-	95.32	85.3	78.33	72.44	64.97
Leasehold Improvements	-	44.39	44.39	42.56	42.56	42.56

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