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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	637.16	540.16	509.94	312.32	224.4	149.34
Investments in Equity & Preferred Securities	-	-	-	374.55	291.39	254.91
Other Investments	1,207	1,406	968.14	301.66	267.27	341.07
Total Investments	2,408	2,431	1,844	1,075	783.06	745.32
Cash & Equivalents	487.65	512.41	534.21	325.06	687.3	560.93
Reinsurance Recoverable	852.16	789.88	801.39	1,184	728.61	417.87
Other Receivables	52.12	54.94	46.49	572.05	427.51	171.39
Deferred Policy Acquisition Cost	-	-	-	36.48	25.36	16.73
Property, Plant & Equipment	73.63	35.48	32.06	30.97	14.24	17.35
Goodwill	24.42	24.42	24.42	24.42	24.42	-
Other Intangible Assets	118.08	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	83.96	52.76	123.01	97.4	90.24	49.21
Total Assets	4,185	4,107	3,588	3,447	2,880	2,033
Accounts Payable	-	96.28	115.63	85.14	46.3	29.18
Accrued Expenses	238.94	54.23	76.86	77.68	70.67	38.74
Insurance & Annuity Liabilities	2,489	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	6.7	-	3.26	342.73	241.46	174.36
Current Portion of Leases	-	-	-	-	1.13	3.81
Current Income Taxes Payable	33.88	46.28	45.23	31.21	28.86	15.58
Long-Term Leases	21.64	2.75	5.89	5.57	1.81	2.06
Other Current Liabilities	8.22	21.38	73.66	12.91	19.89	9.1
Other Long-Term Liabilities	-	29.88	3.28	26.76	118.36	35.79
Total Liabilities	2,832	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	230.67	146.27	-1.71	22.58	144.63	93.51
Comprehensive Income & Other	78.49	78.49	74.45	38.38	20.93	14.94
Shareholders' Equity	1,353	1,268	1,116	810.63	915.23	666.55
Total Liabilities & Equity	4,185	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	21.64	2.75	5.89	5.57	2.94	5.87
Net Cash (Debt)	466.01	509.66	528.32	319.49	684.36	555.06
Net Cash Growth	-21.85%	-3.53%	65.36%	-53.32%	23.29%	-49.35%
Net Cash Per Share	5.48	5.99	7.68	4.94	10.91	10.51
Book Value Per Share	15.91	14.91	13.13	12.54	14.16	12.62
Tangible Book Value	1,210	1,122	995.05	748.5	856.1	665.42
Tangible Book Value Per Share	14.23	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.