Gulf Insurance Group (TADAWUL: 8250)

Gulf Insurance Group 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	1,654	1,504	1,212	1,207	975.91	712.96
Investments in Equity & Preferred Securities	43.48	39.7	39.7	68.17	60.53	62.51
Other Investments	383.8	531.07	559.27	887.13	797.28	879.86
Total Investments	2,155	2,148	1,874	2,163	1,834	1,655
Cash & Equivalents	181.94	228.79	334.59	89.52	331.04	234.84
Reinsurance Recoverable	170.83	349.72	168.3	244.71	199.81	192.53
Other Receivables	28	44.9	32.92	287.07	205.07	255.55
Deferred Policy Acquisition Cost	-	-	-	49.31	36.49	29.67
Property, Plant & Equipment	34.24	40.28	33.06	40	44.83	36.98
Goodwill	50	50	50	50	50	50
Other Intangible Assets	22.15	26.68	32.01	12.25	8.82	12.15
Restricted Cash	52.5	52.5	50	50	50	45
Other Current Assets	13.05	12.39	9.11	5.02	4.34	4.64
Long-Term Deferred Tax Assets	8.14	7.36	3.77	-	-	-
Other Long-Term Assets	0.5	-	-	0.5	2.11	0.45
Total Assets	2,716	2,960	2,587	2,991	2,766	2,517
Accounts Payable	-	0.57	12.31	26.02	46.94	44.11
Accrued Expenses	81.01	29.86	27.25	69.33	54.12	43.34
Insurance & Annuity Liabilities	1,435	1,653	1,452	39.1	34.25	24.64
Unpaid Claims	-	-	-	1,112	1,066	965.49
Unearned Premiums	-	-	-	551.34	526.57	493.89
Reinsurance Payable	1.73	0.32	1.84	68.93	41.07	27.29
Current Portion of Leases	-	4.59	2.47	2.41	2.38	3.18
Current Income Taxes Payable	72.52	84.55	65.88	58.81	50.16	43.32
Long-Term Leases	26.76	25.5	14.47	17	19.41	21.08
Other Current Liabilities	4.91	70.23	46.95	18.55	23.05	109.64
Other Long-Term Liabilities	-	-	-	-	0	0.74
Total Liabilities	1,652	1,896	1,648	1,995	1,895	1,807
Common Stock	525	525	500	500	500	500
Retained Earnings	519.96	546.16	467.73	465.57	326.72	188.38
Comprehensive Income & Other	19.4	-6.32	-28.7	30.45	44.19	21.43
Shareholders' Equity	1,064	1,065	939.03	996.02	870.9	709.81
Total Liabilities & Equity	2,716	2,960	2,587	2,991	2,766	2,517
Filing Date Shares Outstanding	52.5	52.5	52.5	52.5	52.5	52.5
Total Common Shares Outstanding	52.5	52.5	52.5	52.5	52.5	52.5
Total Debt	26.76	30.09	16.94	19.41	21.78	24.27
Net Cash (Debt)	155.19	198.7	317.65	70.11	309.26	210.58
Net Cash Growth	-59.19%	-37.45%	353.04%	-77.33%	46.86%	357.14%
Net Cash Per Share	2.96	3.78	6.05	1.34	5.89	4.01
Book Value Per Share	20.27	20.28	17.89	18.97	16.59	13.52
Tangible Book Value	992.21	988.16	857.02	933.77	812.08	647.66
Tangible Book Value Per Share	18.90	18.82	16.32	17.79	15.47	12.34
Machinery	-	57.96	55.96	53.97	49.35	32.44

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