Gulf Union Alahlia Cooperative Insurance Company (TADAWUL: 8120)

Gulf Union Alahlia 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	-	-	-	48.14	33.05	27.25
Investments in Equity & Preferred Securities	86.97	86.97	79.41	35.48	3.85	1.92
Other Investments	548.49	498.87	316.08	234.18	346.73	227.24
Total Investments	770.38	720.99	522.42	317.8	383.63	256.42
Cash & Equivalents	24.8	55.11	100.32	114.98	179.51	66.86
Reinsurance Recoverable	41.84	50.36	74.73	129.93	120.54	133.77
Other Receivables	5.3	37.58	39.34	166.96	215.41	158.94
Deferred Policy Acquisition Cost	-	-	-	17.23	29.47	19.55
Property, Plant & Equipment	17.45	18.68	15.01	16.44	20.05	13.44
Goodwill	67.7	67.7	67.7	67.7	67.7	-
Other Intangible Assets	44.82	42.41	45.47	43.38	48.2	3.09
Restricted Cash	68.83	68.83	68.83	34.42	52.87	22.5
Other Current Assets	15.94	5.57	12.99	10.13	7.57	3.26
Long-Term Deferred Charges	-	-	-	11.78	7.76	4.04
Other Long-Term Assets	-	-	-	-	7.01	24.26
Total Assets	1,057	1,067	946.81	930.76	1,140	706.12
Accounts Payable	-	-	-	117.35	72.11	47.07
Accrued Expenses	28.27	15.95	35.57	13.89	27.05	18.6
Insurance & Annuity Liabilities	401.74	437.36	438.76	53.75	36.26	21.82
Unpaid Claims	-	-	-	280.84	275.64	172.39
Unearned Premiums	-	-	-	266.34	384.41	267.19
Reinsurance Payable	-	-	-	14.48	15.38	3.94
Current Portion of Leases	-	4.16	2.02	2.81	1.82	2.3
Current Income Taxes Payable	23.3	23.8	22.07	20.07	19.96	2.77
Long-Term Leases	9.41	6.95	4.75	3.92	5.68	5.55
Other Current Liabilities	-	11.2	9.82	8.06	7.22	4.09
Total Liabilities	482.43	519.23	531.37	798.73	867.39	561.62
Common Stock	458.95	458.95	458.95	229.47	229.47	150
Additional Paid-In Capital	-	-	-	-	89.49	-
Retained Earnings	33.83	7.2	-117.84	-106.36	-54.66	-9.08
Comprensive Income & Other	81.85	81.85	74.33	8.91	8.02	3.58
Shareholders' Equity	574.62	547.99	415.44	132.03	272.33	144.5
Total Liabilities & Equity	1,057	1,067	946.81	930.76	1,140	706.12
Filing Date Shares Outstanding	45.89	45.89	45.89	22.95	22.95	15
Total Common Shares Outstanding	45.89	45.89	45.89	22.95	22.95	15
Total Debt	9.41	11.11	6.78	6.73	7.5	7.85
Net Cash (Debt)	15.4	44.01	93.54	108.25	172.01	59.01
Net Cash Growth	-89.56%	-52.96%	-13.59%	-37.07%	191.49%	166.71%
Net Cash Per Share	0.34	0.96	2.43	4.72	11.05	3.93
Book Value Per Share	12.52	11.94	9.05	5.75	11.87	9.63
Tangible Book Value	462.1	437.89	302.27	20.95	156.44	141.41
Tangible Book Value Per Share	10.07	9.54	6.59	0.91	6.82	9.43
Machinery	-	25.05	23.59	22.69	21.7	17.82
Leasehold Improvements	-	3.98	2.07	2.07	2.07	-

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