Al-Etihad Cooperative Insurance Company (TADAWUL: 8170)

Al-Etihad 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	49.61	49.61	8.07	45.52	46.84	115.1
Investments in Equity & Preferred Securities	-	-	-	93.54	90.87	94.63
Other Investments	940.83	1,287	852.11	501.62	403.52	493.11
Total Investments	1,146	1,503	1,066	640.67	541.23	702.84
Cash & Equivalents	116.16	77.37	189.87	535.5	451.72	383.06
Reinsurance Recoverable	115.44	111.67	121.78	124.14	132.17	111.38
Other Receivables	8.48	72.87	42.04	184.85	216.42	188.23
Deferred Policy Acquisition Cost	-	-	-	34.26	23.52	23.17
Property, Plant & Equipment	27.12	26.01	21.68	21.45	20.26	15.77
Goodwill	4.5	4.5	4.5	4.5	4.5	4.5
Restricted Cash	50	45	45	40	40	40
Other Current Assets	117.23	7.61	6.39	13.18	8.79	7.01
Long-Term Deferred Charges	-	-	-	23.62	16.15	8.47
Other Long-Term Assets	-	22.04	18.66	6.86	5.23	2.48
Total Assets	1,585	1,870	1,515	1,629	1,460	1,487
Accounts Payable	-	-	-	31.87	32.58	39.53
Accrued Expenses	61.25	34.52	30.03	52.49	31.15	9.77
Insurance & Annuity Liabilities	337.07	576.01	362.35	8.61	15.68	9.04
Unpaid Claims	440.32	517.27	455.97	366.84	334.49	348.63
Unearned Premiums	-	-	-	503.19	443.62	502.41
Reinsurance Payable	2.09	7.08	0.21	12.95	7.39	12.08
Current Income Taxes Payable	16.05	18.96	23.06	25.31	25.33	26.68
Long-Term Leases	2.4	5.85	7.34	3.14	3.66	1.23
Other Current Liabilities	-	14.11	74.27	20.49	15.53	13.23
Other Long-Term Liabilities	4.25	4.63	8.69	32.23	19.32	29.01
Total Liabilities	884.34	1,198	978.85	1,075	947.43	1,007
Common Stock	500	450	450	400	400	400
Retained Earnings	160.52	181.6	87.7	136.78	103.34	75.73
Comprehensive Income & Other	40.02	40.02	-1.09	17.59	9.21	4.56
Shareholders' Equity	700.54	671.62	536.61	554.36	512.56	480.29
Total Liabilities & Equity	1,585	1,870	1,515	1,629	1,460	1,487
Filing Date Shares Outstanding	50	50	50	50	50	50
Total Common Shares Outstanding	50	50	50	50	50	50
Total Debt	2.4	5.85	7.34	3.14	3.66	1.23
Net Cash (Debt)	113.76	71.53	182.53	532.36	448.06	381.83
Net Cash Growth	77.10%	-60.81%	-65.71%	18.81%	17.34%	151.39%
Net Cash Per Share	2.28	1.43	3.62	10.65	8.96	7.64
Book Value Per Share	14.01	13.43	10.73	11.09	10.25	9.61
Tangible Book Value	696.04	667.12	532.12	549.86	508.06	475.79
Tangible Book Value Per Share	13.92	13.34	10.64	11.00	10.16	9.52
Machinery	-	32.3	28.35	24.59	23.33	18.06
Construction In Progress	-	7.31	2.74	8.41	6.57	7.27
Leasehold Improvements	-	9.97	8.72	7.78	5.05	5.15

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