Al Madina Insurance Company SAOG (MSM:AMAT)

MSM:AMAT Balance Sheet

Financials in millions OMR. 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	15.25	8.23	3.52	2.27	0.9	0.85
Investments in Equity & Preferred Securities	4.84	2.53	1.76	2.07	2.27	2.23
Other Investments	31.89	2.8	3.05	11.02	8.15	0.85
Total Investments	64.8	20.12	14.51	21.39	17.74	10.61
Cash & Equivalents	16.85	8.3	11.25	6.67	7.27	7.26
Reinsurance Recoverable	85.1	55.81	58.02	56.2	63.18	45.25
Other Receivables	12.8	22.23	19.83	19.12	16.92	12.88
Deferred Policy Acquisition Cost	-	1.2	1.03	0.78	0.79	0.82
Property, Plant & Equipment	0.96	0.49	0.57	0.61	0.69	0.73
Restricted Cash	-	0.12	0.06	-	-	-
Other Current Assets	3.28	5.33	5.78	5.18	4.29	3.11
Long-Term Deferred Tax Assets	0.56	0.28	0.29	0.3	0.2	0.14
Other Long-Term Assets	-	13.15	11.9	12.36	11.29	16.23
Total Assets	184.33	127.03	123.24	122.61	122.36	97.02
Accounts Payable	12.97	17.24	11.46	8.91	5.55	3.56
Accrued Expenses	0.12	0.99	1	0.99	1.01	1.12
Insurance & Annuity Liabilities	116.03	0.28	0.01	-0.15	-0.47	-0.51
Unpaid Claims	-	45.57	48.07	47.69	55.01	40.26
Unearned Premiums	-	22.97	20.38	20.51	20.52	17.05
Reinsurance Payable	6.83	14.71	15.24	18.34	12.82	9.47
Current Income Taxes Payable	-	0.28	0.3	0.28	0.32	0.39
Other Current Liabilities	4.72	0	0.01	0.14	0.08	0.11
Other Long-Term Liabilities	0.62	2.17	4.32	3.45	4.23	1.64
Total Liabilities	143.71	104.8	101.35	100.68	99.64	73.62
Common Stock	35	17.5	17.5	17.5	17.5	17.5
Additional Paid-In Capital	2.76	1.38	1.38	1.38	1.38	1.38
Retained Earnings	2.45	3.03	2.79	2.73	2.99	3.78
Comprehensive Income & Other	0.41	0.31	0.23	0.32	0.86	0.74
Shareholders' Equity	40.62	22.22	21.89	21.93	22.73	23.4
Total Liabilities & Equity	184.33	127.03	123.24	122.61	122.36	97.02
Filing Date Shares Outstanding	175	175	175	175	175	175
Total Common Shares Outstanding	175	175	175	175	175	175
Net Cash (Debt)	16.85	8.3	11.25	6.67	7.27	7.26
Net Cash Growth	54.47%	-26.19%	68.64%	-8.20%	0.08%	21.55%
Net Cash Per Share	0.10	0.05	0.06	0.04	0.04	0.04
Book Value Per Share	0.23	0.13	0.13	0.13	0.13	0.13
Tangible Book Value	40.62	22.22	21.89	21.93	22.73	23.4
Tangible Book Value Per Share	0.23	0.13	0.13	0.13	0.13	0.13
Buildings	-	0.72	0.72	0.72	0.72	0.72
Machinery	-	2.14	2.12	2.05	2	1.92
Leasehold Improvements	-	0.18	0.18	0.18	0.18	0.18

Updated Jan 15, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.