Al Rajhi Company for Cooperative Insurance (TADAWUL: 8230)

Al Rajhi Company for Cooperative Insurance 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 Equity & Preferred Securities	222.07	459.21	429.93	435.28	326.45	-
Other Investments	2,636	2,501	1,928	1,890	1,379	1,814
Total Investments	3,860	3,488	2,861	2,852	2,239	2,274
Cash & Equivalents	699.4	905.15	559.09	458.81	852.65	458.56
Reinsurance Recoverable	637.25	646.12	352.98	528.39	346.51	243.95
Other Receivables	4,865	1,344	273.85	419.58	567.22	353.73
Deferred Policy Acquisition Cost	-	-	-	109.94	87.59	44.51
Property, Plant & Equipment	210.66	128.39	117.49	130.05	129.47	54.16
Other Intangible Assets	-	22.35	11.93	8.9	14.48	7.27
Restricted Cash	111.58	99.97	39.97	39.97	39.97	39.97
Other Current Assets	122.74	161.35	88.44	88.66	68.28	104.6
Other Long-Term Assets	-	29.2	26.59	5.27	14.89	22.57
Total Assets	10,506	6,824	4,331	4,641	4,360	3,603
Accrued Expenses	13.77	58.7	35.12	94	97.1	68.35
Insurance & Annuity Liabilities	8,211	4,649	2,793	112.93	123.27	83.19
Unpaid Claims	-	-	-	1,366	1,251	1,143
Unearned Premiums	-	-	-	1,189	1,220	1,132
Reinsurance Payable	7.29	196.36	5.33	179.53	177.44	94.64
Current Income Taxes Payable	39.13	94.88	76.26	94.38	99.48	60.14
Long-Term Leases	34.01	41.48	49.22	54.48	42.71	6.98
Separate Account Liability	-	-	-	217.61	141.09	86.82
Other Current Liabilities	-	17.91	13.33	-	-	-
Other Long-Term Liabilities	173.7	13.41	8.32	38.25	67.96	34.45
Total Liabilities	8,510	5,101	3,004	3,371	3,248	2,728
Common Stock	1,000	1,000	400	400	400	400
Retained Earnings	961.46	630.65	902.59	773.74	675.27	448.22
Comprehensive Income & Other	34.74	92.14	24.77	96.68	37.12	27
Shareholders' Equity	1,996	1,723	1,327	1,270	1,112	875.22
Total Liabilities & Equity	10,506	6,824	4,331	4,641	4,360	3,603
Filing Date Shares Outstanding	100	100	100	100	100	100
Total Common Shares Outstanding	100	100	100	100	100	100
Total Debt	34.01	41.48	49.22	54.48	42.71	6.98
Net Cash (Debt)	665.39	863.67	509.87	404.32	809.94	451.58
Net Cash Growth	-26.40%	69.39%	26.10%	-50.08%	79.35%	0.90%
Net Cash Per Share	6.65	8.64	5.10	4.04	8.10	4.52
Book Value Per Share	19.96	17.23	13.27	12.70	11.12	8.75
Tangible Book Value	1,996	1,700	1,315	1,262	1,098	867.95
Tangible Book Value Per Share	19.96	17.00	13.15	12.62	10.98	8.68
Machinery	-	72.23	61.19	55.81	81.73	52.12
Construction In Progress	-	-	-	-	-	26.39

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