Middle East Insurance Co. (ASE:MEIN)

Middle East Insurance Co. Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	8.86	8.86	2	-	0.7	0.7
Investments in Equity & Preferred Securities	-	13.75	15.43	16.07	15.02	12.76
Policy Loans	-	-	-	-	0.55	0.56
Other Investments	33.85	19.07	21.88	24.99	13.05	11.65
Total Investments	71.73	70.49	69.16	71.51	59.93	55.02
Cash & Equivalents	2.84	3.4	5.49	3.3	8.84	10.45
Reinsurance Recoverable	18.88	18.13	18.58	21.5	4.73	4.3
Other Receivables	-	1.38	1.2	1.11	10.35	10.95
Property, Plant & Equipment	4.54	4.58	4.55	4.74	4.99	5.19
Other Intangible Assets	0	0.01	0.02	0.03	0.02	0.02
Restricted Cash	-	0.8	0.8	-	0.33	0.33
Other Current Assets	-	0.32	0.32	0.7	0.7	0.36
Long-Term Deferred Tax Assets	0.33	0.49	0.53	0.3	0.57	1.28
Other Long-Term Assets	2.69	0.46	1.03	0.16	-	-
Total Assets	101.01	100.06	101.66	103.35	90.44	87.91
Accrued Expenses	0.34	0.89	0.18	0.14	0.49	0.57
Insurance & Annuity Liabilities	58.13	59	56.88	56.71	4.24	4.18
Unpaid Claims	-	-	-	-	17.16	17.08
Unearned Premiums	-	0.01	0.01	0.03	7.16	7.56
Reinsurance Payable	-	-	-	-	11.11	10.56
Current Portion of Leases	-	-	-	-	0.05	0.05
Current Income Taxes Payable	0.45	0.41	0.87	0.43	0.21	0.77
Long-Term Leases	0.13	0.14	0	0.05	0.03	0.07
Long-Term Deferred Tax Liabilities	0.39	0.31	0.49	0.59	0.37	-
Other Current Liabilities	-	-	-	-	2.9	2.47
Other Long-Term Liabilities	3.77	3.07	4.23	3.93	5.28	5.53
Total Liabilities	63.34	63.94	63.2	62.39	49.52	49.33
Common Stock	22.05	22.05	22.05	22.05	22.05	22.05
Retained Earnings	16.07	14.98	17.91	19.75	20.49	19.97
Comprehensive Income & Other	-0.44	-0.91	-1.5	-0.84	-1.62	-3.43
Shareholders' Equity	37.68	36.12	38.46	40.96	40.92	38.58
Total Liabilities & Equity	101.01	100.06	101.66	103.35	90.44	87.91
Filing Date Shares Outstanding	22.26	22.05	22.05	22.05	22.05	22.05
Total Common Shares Outstanding	22.26	22.05	22.05	22.05	22.05	22.05
Total Debt	0.13	0.14	0	0.05	0.08	0.12
Net Cash (Debt)	2.71	3.26	5.49	3.25	8.76	10.33
Net Cash Growth	125.73%	-40.65%	68.73%	-62.85%	-15.20%	-24.00%
Net Cash Per Share	0.12	0.15	0.25	0.15	0.40	0.47
Book Value Per Share	1.69	1.64	1.74	1.86	1.86	1.75
Tangible Book Value	37.68	36.11	38.44	40.93	40.91	38.56
Tangible Book Value Per Share	1.69	1.64	1.74	1.86	1.86	1.75
Land	-	0	0.76	0.76	0.76	0.76
Buildings	-	0.2	4.86	4.86	4.86	4.86
Machinery	-	6.82	2.13	2.1	2.06	1.99

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.