Arabia Insurance Cooperative Company (TADAWUL: 8160)

Arabia Insurance Cooperative 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	-	80.3	105.29	107.01	96.02	102.22
Investments in Equity & Preferred Securities	-	43.48	39.7	1.92	1.92	1.92
Other Investments	586.56	581.78	221.13	89.56	69.98	175.01
Total Investments	586.56	705.56	366.13	198.49	167.92	279.16
Cash & Equivalents	138.27	57.72	79.12	85.34	149.33	66.59
Reinsurance Recoverable	801.27	844.69	797.33	136.45	103.36	115.3
Other Receivables	39.33	43.42	16.2	149.34	130.5	110.48
Deferred Policy Acquisition Cost	-	-	-	11.12	11.02	7.24
Property, Plant & Equipment	15.21	17.14	11.45	10.63	11.97	13.45
Restricted Cash	53	53	40	40	40	40
Other Current Assets	86.03	68.56	64.63	16.32	7.37	9.26
Long-Term Deferred Charges	-	9.84	8.68	2.78	2.49	3.81
Other Long-Term Assets	-	-	-	1.69	6.35	0.05
Total Assets	1,720	1,800	1,384	652.16	630.31	645.33
Accounts Payable	-	55.76	32.93	37.37	46.13	43.38
Accrued Expenses	52.64	2.77	2.28	1.65	2.61	0.65
Insurance & Annuity Liabilities	1,001	1,119	1,066	10.4	17.88	17.1
Unpaid Claims	-	-	-	157.46	140.87	148.19
Unearned Premiums	-	-	-	171.55	144.08	152.22
Reinsurance Payable	33.63	4.4	5.23	31.01	29.42	36.39
Current Portion of Leases	-	1.38	0.04	0.07	0.16	0.22
Current Income Taxes Payable	4.63	11.6	7.22	7.65	6.28	4.64
Long-Term Leases	3.95	3.77	1.2	2.67	4.75	6.04
Other Current Liabilities	-	17.61	8.96	2.25	3.16	6.94
Other Long-Term Liabilities	-	-	-	4.49	4.29	3.86
Total Liabilities	1,123	1,240	1,141	436.52	408.54	429.43
Common Stock	530	530	265	265	265	265
Retained Earnings	26.08	-12.32	-57.88	-49.5	-43.98	-50.24
Comprehensive Income & Other	40.59	42.24	35.68	0.14	0.75	1.14
Shareholders' Equity	596.67	559.92	242.8	215.64	221.77	215.91
Total Liabilities & Equity	1,720	1,800	1,384	652.16	630.31	645.33
Filing Date Shares Outstanding	53	53	53	26.5	26.5	26.5
Total Common Shares Outstanding	53	53	26.5	26.5	26.5	26.5
Total Debt	3.95	5.14	1.24	2.74	4.91	6.25
Net Cash (Debt)	134.31	52.58	77.88	82.6	144.42	60.34
Net Cash Growth	-14.84%	-32.49%	-5.71%	-42.80%	139.34%	-33.49%
Net Cash Per Share	2.49	0.99	2.66	3.12	5.45	2.28
Book Value Per Share	11.26	10.56	9.16	8.14	8.37	8.15
Tangible Book Value	596.67	559.92	242.8	215.64	221.77	215.91
Tangible Book Value Per Share	11.26	10.56	9.16	8.14	8.37	8.15
Machinery	-	39.5	34.73	29.27	25.85	23.81
Leasehold Improvements	-	4.82	4.47	4.19	4.17	4.12

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