Gulf Insurance Group Balance Sheet

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,318	2,205	2,134	2,074	559.27	887.13
Total Investments	2,318	2,320	2,210	2,148	1,874	2,163
Cash & Equivalents	147.49	90.47	155.91	228.79	334.59	89.52
Reinsurance Recoverable	402.76	411.62	198.63	349.72	168.3	244.71
Other Receivables	2.26	44.12	30.18	44.41	32.92	287.07
Deferred Policy Acquisition Cost	-	-	-	-	-	49.31
Property, Plant & Equipment	27.76	29.3	32.89	40.28	33.06	40
Goodwill	50	50	50	50	50	50
Other Intangible Assets	20.73	22.75	22.61	26.68	32.01	12.25
Restricted Cash	52.5	52.5	52.5	52.5	50	50
Other Current Assets	50.32	8.2	11.95	12.39	9.11	5.02
Long-Term Deferred Tax Assets	6.38	4.21	7.55	7.36	3.77	-
Other Long-Term Assets	-	1.42	0.5	0.49	-	0.5
Total Assets	3,078	3,035	2,773	2,960	2,587	2,991
Accounts Payable	-	9.85	12.17	0.57	12.31	26.02
Accrued Expenses	122	33.22	32.61	29.86	27.25	69.33
Insurance & Annuity Liabilities	1,573	1,605	1,408	1,636	1,452	39.1
Unpaid Claims	-	-	-	-	-	1,112
Unearned Premiums	-	-	-	-	-	551.34
Reinsurance Payable	6.67	2.31	1.35	0.32	1.84	68.93
Current Portion of Leases	-	4.59	4	4.59	2.47	2.41
Current Income Taxes Payable	92.27	83.7	78.6	84.55	65.88	58.81
Long-Term Leases	23.6	19.41	22.54	25.5	14.47	17
Other Current Liabilities	2.53	38.39	85.74	70.23	46.95	18.55
Other Long-Term Liabilities	-	7.13	8.91	16.31	-	-
Total Liabilities	1,851	1,833	1,683	1,896	1,648	1,995
Common Stock	525	525	525	525	500	500
Retained Earnings	671.42	627.51	564.61	546.16	467.73	465.57
Comprehensive Income & Other	30.71	48.97	0.35	-6.32	-28.7	30.45
Shareholders' Equity	1,227	1,201	1,090	1,065	939.03	996.02
Total Liabilities & Equity	3,078	3,035	2,773	2,960	2,587	2,991
Filing Date Shares Outstanding	52.7	52.5	52.5	52.5	52.5	52.5
Total Common Shares Outstanding	52.7	52.5	52.5	52.5	52.5	52.5
Total Debt	23.6	24	26.54	30.09	16.94	19.41
Net Cash (Debt)	123.89	66.47	129.37	198.7	317.65	70.11
Net Cash Growth	33.41%	-48.62%	-34.89%	-37.45%	353.04%	-77.33%
Net Cash Per Share	2.35	1.27	2.46	3.78	6.05	1.34
Book Value Per Share	23.29	22.89	20.76	20.28	17.89	18.97
Tangible Book Value	1,156	1,129	1,017	988.16	857.02	933.77
Tangible Book Value Per Share	21.94	21.50	19.38	18.82	16.32	17.79
Machinery	-	63.13	59.71	57.96	55.96	53.97

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