Saudi Reinsurance Company (TADAWUL:8200)

Saudi Reinsurance Company Balance Sheet

Financials in millions SAR. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	-	275.84	298.02	184.02
Investments in Equity & Preferred Securities	-	208.99	160.69	142	120.14
Other Investments	2,371	1,419	874.21	243.38	193.46
Total Investments	2,466	1,782	1,583	1,487	1,010
Cash & Equivalents	66.73	83.98	31.56	27.81	13.16
Reinsurance Recoverable	720.06	517.42	294.28	935.79	866.6
Other Receivables	22.31	22.06	22.08	285.38	352.84
Deferred Policy Acquisition Cost	-	-	-	168.6	149.4
Property, Plant & Equipment	29.55	30.52	36.38	37.16	33.63
Other Intangible Assets	6.16	6.61	-	-	-
Restricted Cash	95.83	93.03	89.1	89.1	81
Other Current Assets	11.21	42.35	85.42	74.12	287.72
Other Long-Term Assets	0.91	3.51	113.85	12.53	14.16
Total Assets	3,418	2,582	2,256	3,117	2,808
Accounts Payable	-	-	-	44.04	31.97
Accrued Expenses	30.03	43.51	31.74	23.38	21.28
Insurance & Annuity Liabilities	-	-	-	13.55	10.98
Unpaid Claims	-	-	-	1,210	1,068
Unearned Premiums	-	-	-	701.51	604.16
Reinsurance Payable	1,602	1,215	932.15	48.77	77.22
Current Income Taxes Payable	41.67	41.55	17.53	15.27	15.17
Long-Term Debt	56.8	56.8	56.8	56.8	23.12
Other Current Liabilities	43.56	56.25	99.4	21.16	21.06
Other Long-Term Liabilities	2.02	3.09	87.4	6.32	1.71
Total Liabilities	1,807	1,435	1,239	2,153	1,885
Common Stock	891	891	891	891	810
Retained Earnings	748.19	262.29	137.86	70.24	112.94
Comprehensive Income & Other	-27.27	-6.47	-11.68	2.75	0.24
Shareholders' Equity	1,612	1,147	1,017	964	923.18
Total Liabilities & Equity	3,418	2,582	2,256	3,117	2,808
Filing Date Shares Outstanding	89.1	89.1	89.1	89.1	89.1
Total Common Shares Outstanding	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)	9.94	27.18	-25.24	-28.99	-9.96
Net Cash Growth	-63.45%	-	-	-	-
Net Cash Per Share	0.11	0.31	-0.28	-0.33	-0.11
Book Value Per Share	18.09	12.87	11.42	10.82	10.36
Tangible Book Value	1,606	1,140	1,017	964	923.18
Tangible Book Value Per Share	18.02	12.80	11.42	10.82	10.36
Land	18.33	18.33	18.33	18.33	18.33
Buildings	11.45	11.45	11.45	12.06	11.45
Machinery	14.32	12.84	22.77	23.53	22.12
Construction In Progress	0.21	0.78	5.85	5.27	1.46
Leasehold Improvements	0.98	0.98	0.98	0.98	0.98

Updated Nov 6, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.