Saudi Reinsurance Company (TADAWUL: 8200)

Saudi Reinsurance 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	-	239.53	275.84	298.02	184.02	37.5
Investments in Equity & Preferred Securities	-	208.99	160.69	142	120.14	101.45
Other Investments	1,758	1,179	874.21	243.38	193.46	343.37
Total Investments	2,314	1,782	1,583	1,487	1,010	900.16
Cash & Equivalents	95.78	87.91	31.56	27.81	13.16	47.83
Reinsurance Recoverable	606.91	517.42	294.28	935.79	866.6	835.44
Other Receivables	21.61	22.06	22.08	285.38	352.84	262.15
Deferred Policy Acquisition Cost	-	-	-	168.6	149.4	106.28
Property, Plant & Equipment	30.84	37.14	36.38	37.16	33.63	33.58
Restricted Cash	95.83	89.1	89.1	89.1	81	121.5
Other Current Assets	16.73	82.91	85.42	74.12	287.72	243.32
Other Long-Term Assets	1.21	71.26	113.85	12.53	14.16	13.07
Total Assets	3,189	2,690	2,256	3,117	2,808	2,563
Accounts Payable	-	-	-	44.04	31.97	39.93
Accrued Expenses	35.51	49.88	31.74	23.38	21.28	13.68
Insurance & Annuity Liabilities	-	-	-	13.55	10.98	7.55
Unpaid Claims	-	-	-	1,210	1,068	1,092
Unearned Premiums	-	-	-	701.51	604.16	432.14
Reinsurance Payable	1,308	1,288	932.15	48.77	77.22	46.17
Current Income Taxes Payable	38.97	41.55	17.53	15.27	15.17	23.74
Long-Term Debt	56.8	56.8	56.8	56.8	23.12	-
Other Current Liabilities	64.57	56.25	99.4	21.16	21.06	20.56
Other Long-Term Liabilities	42.52	31.92	87.4	6.32	1.71	3.18
Total Liabilities	1,574	1,543	1,239	2,153	1,885	1,688
Common Stock	891	891	891	891	810	810
Retained Earnings	748.33	262.29	137.86	70.24	112.94	67.02
Comprehensive Income & Other	-24.19	-6.47	-11.68	2.75	0.24	-1.95
Shareholders' Equity	1,615	1,147	1,017	964	923.18	875.07
Total Liabilities & Equity	3,189	2,690	2,256	3,117	2,808	2,563
Filing Date Shares Outstanding	89.1	89.1	89.1	89.1	89.1	89.1
Total Common Shares Outstanding	89.1	89.1	89.1	89.1	89.1	89.1
Total Debt	56.8	56.8	56.8	56.8	23.12	-
Net Cash (Debt)	38.99	31.11	-25.24	-28.99	-9.96	47.83
Net Cash Growth	-	-	-	-	-	-41.41%
Net Cash Per Share	0.44	0.35	-0.28	-0.33	-0.11	0.54
Book Value Per Share	18.13	12.87	11.42	10.82	10.36	9.82
Tangible Book Value	1,609	1,147	1,017	964	923.18	875.07
Tangible Book Value Per Share	18.06	12.87	11.42	10.82	10.36	9.82
Land	-	18.33	18.33	18.33	18.33	18.33
Buildings	-	11.45	11.45	12.06	11.45	11.45
Machinery	-	30.56	22.77	23.53	22.12	20.89
Construction In Progress	-	1.53	5.85	5.27	1.46	0.3
Leasehold Improvements	-	0.98	0.98	0.98	0.98	0.98

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