Walaa Cooperative Insurance Company (TADAWUL: 8060)

Walaa Cooperative Insurance 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	626.95	540.16	509.94	312.32	224.4	149.34
Investments in Equity & Preferred Securities	-	-	-	374.55	291.39	254.91
Other Investments	1,285	1,406	968.14	301.66	267.27	341.07
Total Investments	2,462	2,431	1,844	1,075	783.06	745.32
Cash & Equivalents	214.76	512.41	534.21	325.06	687.3	560.93
Reinsurance Recoverable	679.76	789.88	801.39	1,184	728.61	417.87
Other Receivables	66.87	54.94	46.49	572.05	427.51	171.39
Deferred Policy Acquisition Cost	-	-	-	36.48	25.36	16.73
Property, Plant & Equipment	73.97	35.48	32.06	30.97	14.24	17.35
Goodwill	24.42	24.42	24.42	24.42	24.42	-
Other Intangible Assets	118.93	121.57	96.98	37.71	34.72	1.13
Restricted Cash	85.06	85.06	85.06	64.64	64.64	52.8
Other Current Assets	61.56	52.76	123.01	97.4	90.24	49.21
Total Assets	3,787	4,107	3,588	3,447	2,880	2,033
Accounts Payable	-	96.28	115.63	85.14	46.3	29.18
Accrued Expenses	185.46	54.23	76.86	77.68	70.67	38.74
Insurance & Annuity Liabilities	2,163	2,555	2,121	132.75	138.96	12.89
Unpaid Claims	-	-	-	794.48	439.27	369.88
Unearned Premiums	-	-	-	1,105	836.45	656.88
Reinsurance Payable	3.52	-	3.26	342.73	241.46	174.36
Current Portion of Leases	-	-	-	-	1.13	3.81
Current Income Taxes Payable	33.77	46.28	45.23	31.21	28.86	15.58
Long-Term Leases	19.83	2.75	5.89	5.57	1.81	2.06
Other Current Liabilities	6.92	21.38	73.66	12.91	19.89	9.1
Other Long-Term Liabilities	8.2	29.88	3.28	26.76	118.36	35.79
Total Liabilities	2,455	2,839	2,471	2,637	1,965	1,366
Common Stock	850.58	850.58	850.58	646.4	646.4	528
Additional Paid-In Capital	193.12	193.12	193.12	103.28	103.28	30.11
Retained Earnings	210.57	146.27	-1.71	22.58	144.63	93.51
Comprensive Income & Other	78.49	78.49	74.45	38.38	20.93	14.94
Shareholders' Equity	1,333	1,268	1,116	810.63	915.23	666.55
Total Liabilities & Equity	3,787	4,107	3,588	3,447	2,880	2,033
Filing Date Shares Outstanding	85.06	85.06	85.06	64.64	64.64	52.8
Total Common Shares Outstanding	85.06	85.06	85.06	64.64	64.64	52.8
Total Debt	19.83	2.75	5.89	5.57	2.94	5.87
Net Cash (Debt)	194.93	509.66	528.32	319.49	684.36	555.06
Net Cash Growth	-60.00%	-3.53%	65.36%	-53.32%	23.29%	-49.35%
Net Cash Per Share	2.29	5.99	7.68	4.94	10.91	10.51
Book Value Per Share	15.67	14.91	13.13	12.54	14.16	12.62
Tangible Book Value	1,189	1,122	995.05	748.5	856.1	665.42
Tangible Book Value Per Share	13.98	13.20	11.70	11.58	13.24	12.60
Land	-	16.4	16.4	16.4	-	-
Machinery	-	57.05	47.44	42.23	41.63	28.24

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