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	Sep 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	569.47	498.87	316.08	234.18	346.73	227.24
Total Investments	795.11	720.99	522.42	317.8	383.63	256.42
Cash & Equivalents	17.25	55.11	100.32	114.98	179.51	66.86
Reinsurance Recoverable	60.74	50.36	74.73	129.93	120.54	133.77
Other Receivables	6.33	37.58	39.34	166.96	215.41	158.94
Deferred Policy Acquisition Cost	-	-	-	17.23	29.47	19.55
Property, Plant & Equipment	16.41	18.68	15.01	16.44	20.05	13.44
Goodwill	67.7	67.7	67.7	67.7	67.7	-
Other Intangible Assets	43.68	42.41	45.47	43.38	48.2	3.09
Restricted Cash	68.84	68.83	68.83	34.42	52.87	22.5
Other Current Assets	8.32	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	1,084	1,067	946.81	930.76	1,140	706.12
Accounts Payable	-	-	-	117.35	72.11	47.07
Accrued Expenses	22.14	15.95	35.57	13.89	27.05	18.6
Insurance & Annuity Liabilities	422.37	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	24.8	23.8	22.07	20.07	19.96	2.77
Long-Term Leases	9.19	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	498.22	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	45.37	7.2	-117.84	-106.36	-54.66	-9.08
Comprehensive Income & Other	81.85	81.85	74.33	8.91	8.02	3.58
Shareholders' Equity	586.17	547.99	415.44	132.03	272.33	144.5
Total Liabilities & Equity	1,084	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	9.19	11.11	6.78	6.73	7.5	7.85
Net Cash (Debt)	8.06	44.01	93.54	108.25	172.01	59.01
Net Cash Growth	-83.32%	-52.96%	-13.59%	-37.07%	191.49%	166.71%
Net Cash Per Share	0.18	0.96	2.43	4.72	11.05	3.93
Book Value Per Share	12.77	11.94	9.05	5.75	11.87	9.63
Tangible Book Value	474.78	437.89	302.27	20.95	156.44	141.41
Tangible Book Value Per Share	10.35	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.