Gulf Insurance Group Balance Sheet

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	-	-	-	1,212	1,207
Investments in Equity & Preferred Securities	-	-	-	39.7	68.17
Other Investments	2,320	2,134	2,074	559.27	887.13
Total Investments	2,320	2,210	2,148	1,874	2,163
Cash & Equivalents	90.47	155.91	228.79	334.59	89.52
Reinsurance Recoverable	411.62	198.63	349.72	168.3	244.71
Other Receivables	1.6	30.18	44.41	32.92	287.07
Deferred Policy Acquisition Cost	-	-	-	-	49.31
Property, Plant & Equipment	29.3	32.89	40.28	33.06	40
Goodwill	50	50	50	50	50
Other Intangible Assets	22.75	22.61	26.68	32.01	12.25
Restricted Cash	52.5	52.5	52.5	50	50
Other Current Assets	52.14	11.95	12.39	9.11	5.02
Long-Term Deferred Tax Assets	4.21	7.55	7.36	3.77	-
Other Long-Term Assets	-	0.5	0.49	-	0.5
Total Assets	3,035	2,773	2,960	2,587	2,991
Accounts Payable	-	12.17	0.57	12.31	26.02
Accrued Expenses	86.27	32.61	29.86	27.25	69.33
Insurance & Annuity Liabilities	1,605	1,408	1,636	1,452	39.1
Unpaid Claims	-	-	-	-	1,112
Unearned Premiums	-	-	-	-	551.34
Reinsurance Payable	2.31	1.35	0.32	1.84	68.93
Current Portion of Leases	-	4	4.59	2.47	2.41
Current Income Taxes Payable	83.7	78.6	84.55	65.88	58.81
Long-Term Leases	24	22.54	25.5	14.47	17
Other Current Liabilities	2.32	85.74	70.23	46.95	18.55
Other Long-Term Liabilities	-	8.91	16.31	-	-
Total Liabilities	1,833	1,683	1,896	1,648	1,995
Common Stock	525	525	525	500	500
Retained Earnings	627.51	564.61	546.16	467.73	465.57
Comprehensive Income & Other	48.97	0.35	-6.32	-28.7	30.45
Shareholders' Equity	1,201	1,090	1,065	939.03	996.02
Total Liabilities & Equity	3,035	2,773	2,960	2,587	2,991
Filing Date Shares Outstanding	52.82	52.5	52.5	52.5	52.5
Total Common Shares Outstanding	52.82	52.5	52.5	52.5	52.5
Total Debt	24	26.54	30.09	16.94	19.41
Net Cash (Debt)	66.47	129.37	198.7	317.65	70.11
Net Cash Growth	-48.62%	-34.89%	-37.45%	353.04%	-77.33%
Net Cash Per Share	1.26	2.46	3.78	6.05	1.34
Book Value Per Share	22.75	20.76	20.28	17.89	18.97
Tangible Book Value	1,129	1,017	988.16	857.02	933.77
Tangible Book Value Per Share	21.37	19.38	18.82	16.32	17.79
Machinery	-	59.71	57.96	55.96	53.97

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.