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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	7.94	8.23	3.52	2.27	0.9	0.85
Investments in Equity & Preferred Securities	2.45	2.53	1.76	2.07	2.27	2.23
Other Investments	1.4	2.8	3.05	11.02	8.15	0.85
Total Investments	18.6	20.12	14.51	21.39	17.74	10.61
Cash & Equivalents	9.79	8.3	11.25	6.67	7.27	7.26
Reinsurance Recoverable	43.14	55.81	58.02	56.2	63.18	45.25
Other Receivables	4.03	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	0.46	0.49	0.57	0.61	0.69	0.73
Restricted Cash	0.04	0.12	0.06	-	-	-
Other Current Assets	3.82	5.33	5.78	5.18	4.29	3.11
Long-Term Deferred Tax Assets	0.28	0.28	0.29	0.3	0.2	0.14
Other Long-Term Assets	13	13.15	11.9	12.36	11.29	16.23
Total Assets	93.15	127.03	123.24	122.61	122.36	97.02
Accounts Payable	7.39	17.24	11.46	8.91	5.55	3.56
Accrued Expenses	-	0.99	1	0.99	1.01	1.12
Insurance & Annuity Liabilities	60.4	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	3.34	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	1.21	0	0.01	0.14	0.08	0.11
Other Long-Term Liabilities	0.12	2.17	4.32	3.45	4.23	1.64
Total Liabilities	73.76	104.8	101.35	100.68	99.64	73.62
Common Stock	17.5	17.5	17.5	17.5	17.5	17.5
Additional Paid-In Capital	1.38	1.38	1.38	1.38	1.38	1.38
Retained Earnings	0.28	3.03	2.79	2.73	2.99	3.78
Comprehensive Income & Other	0.24	0.31	0.23	0.32	0.86	0.74
Shareholders' Equity	19.39	22.22	21.89	21.93	22.73	23.4
Total Liabilities & Equity	93.15	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)	9.79	8.3	11.25	6.67	7.27	7.26
Net Cash Growth	30.07%	-26.19%	68.64%	-8.20%	0.08%	21.55%
Net Cash Per Share	0.06	0.05	0.06	0.04	0.04	0.04
Book Value Per Share	0.11	0.13	0.13	0.13	0.13	0.13
Tangible Book Value	19.39	22.22	21.89	21.93	22.73	23.4
Tangible Book Value Per Share	0.11	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.