Islamic Arab Insurance Co. (Salama) PJSC (DFM:SALAMA)

DFM:SALAMA Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	27	28.46	30.54	162.06	323.16	517.77
Investments in Equity & Preferred Securities	36.2	36.84	36.32	36.13	35.38	33.72
Other Investments	49.2	20.99	25.25	63.08	62.56	258.83
Total Investments	168.33	135.85	152.85	419.9	622.69	1,045
Cash & Equivalents	179.8	150.43	145.83	133.45	104.44	83.82
Reinsurance Recoverable	409.82	470.86	348.46	281.85	467.69	426.69
Other Receivables	27.74	34.83	82.07	102.25	216.03	257.77
Separate Account Assets	1,840	1,920	2,021	1,948	2,396	2,228
Property, Plant & Equipment	52.3	53.25	51.98	43.2	40.91	47.58
Goodwill	-	65.63	65.63	114.64	114.64	114.64
Other Intangible Assets	66.78	1.56	2.38	3.18	3.13	0.6
Restricted Cash	310.78	298.84	283.53	269.11	498.12	10.76
Other Current Assets	0.77	0.75	0.97	1.35	8.41	37.08
Long-Term Deferred Tax Assets	5.41	5.17	5.12	4.09	-	-
Long-Term Deferred Charges	-	-	-	-	178.16	251.13
Other Long-Term Assets	162.01	169.96	165.46	252.03	117.76	3.8
Total Assets	3,223	3,307	3,325	3,573	4,768	4,508
Accounts Payable	-	68.77	57.68	59.24	76.89	51.29
Accrued Expenses	-	26.34	22.03	25.27	124.99	161.65
Insurance & Annuity Liabilities	2,084	2,671	2,625	2,421	123.78	40.69
Unpaid Claims	486.4	-	-	-	574.95	558.6
Unearned Premiums	-	-	-	-	347.7	323.04
Reinsurance Payable	122.6	122.09	162.3	185.2	192.29	147.79
Current Portion of Leases	-	2.19	2.51	2.76	2.42	3.79
Short-Term Debt	-	-	-	-	25	-
Current Income Taxes Payable	-	22.23	16.04	6.15	18.74	23.48
Long-Term Leases	5.24	4.01	2.19	6.07	2.22	4.47
Long-Term Deferred Tax Liabilities	-	4.09	0.12	0.1	-	-
Separate Account Liability	-	-	-	-	2,395	2,225
Other Current Liabilities	-	51.43	51.68	34.31	-	-
Other Long-Term Liabilities	173.17	-	17.14	16.69	40.94	58.37
Total Liabilities	2,872	2,973	2,956	2,757	3,925	3,598
Common Stock	939.59	939.59	939.59	1,210	1,210	1,210
Retained Earnings	-428.33	-432.35	-444.06	-264.52	-268.65	-210.67
Treasury Stock	-35.97	-35.97	-35.97	-35.97	-35.97	-35.97
Comprehensive Income & Other	-177.28	-187.22	-160.05	-163.45	-137.89	-128.02
Total Common Equity	298.01	284.05	299.51	746.06	767.49	835.33
Minority Interest	53.83	50.33	69.24	70.21	75.68	74.33
Shareholders' Equity	351.84	334.38	368.74	816.27	843.17	909.67
Total Liabilities & Equity	3,223	3,307	3,325	3,573	4,768	4,508
Filing Date Shares Outstanding	922.76	922.76	922.76	922.77	922.77	922.77
Total Common Shares Outstanding	922.76	922.76	922.76	922.77	922.77	922.77
Total Debt	5.24	6.2	4.7	8.82	29.64	8.26
Net Cash (Debt)	174.56	144.22	141.14	124.62	74.8	75.56
Net Cash Growth	29.68%	2.19%	13.25%	66.61%	-1.00%	23.85%
Net Cash Per Share	0.19	0.16	0.14	0.14	0.08	0.08
Book Value Per Share	0.32	0.31	0.32	0.81	0.83	0.91
Tangible Book Value	231.23	216.86	231.49	628.24	649.72	720.1
Tangible Book Value Per Share	0.25	0.24	0.25	0.68	0.70	0.78
Land	-	10.74	10.81	8.78	8.71	9.16
Buildings	-	32.05	32.28	23.22	23.67	25.12
Machinery	-	26.16	24.92	24.04	25.56	24.59
Construction In Progress	-	0.44	0.44	1.37	0.59	0.34

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