SALAMA

Islamic Arab Insurance Co. (Salama)

SALAMAStocksDubai Financial MarketInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Assets
Cash & Equivalents	150.43M	145.83M	133.45M	104.44M	83.82M
Total Assets	3.31B	3.33B	3.57B	4.77B	4.51B
Investment Securities	28.46M	30.54M	162.06M	323.16M	517.77M
Reinsurance Recoverable	470.86M	348.46M	281.85M	467.69M	426.69M
Liabilities
Total Liabilities	2.97B	2.96B	2.76B	3.92B	3.60B
Insurance Liabilities	2.67B	2.62B	2.42B	0.12B	0.04B
Unearned Premiums	—	—	—	347.70M	323.04M
Unpaid Claims	—	—	—	574.95M	558.60M
Equity & Ownership
Total Equity	334.38M	368.74M	816.27M	843.17M	909.67M
Shares Outstanding	483,023,543	483,023,543	483,028,024	483,029,005	483,029,005
Cash & Assets
Total Assets	3.31B	3.33B	3.57B	4.77B	4.51B
Cash & Equivalents	150.43M	145.83M	133.45M	104.44M	83.82M
Net Cash (Debt)	144.22M	141.14M	124.62M	74.80M	75.56M
Net Cash Per Share	0.30	0.27	0.26	0.15	0.16
Net Cash Growth	+2.2%	+13.3%	+66.6%	-1.0%	+23.9%
Other Receivables Insurance	34.83M	82.07M	102.25M	216.03M	257.77M
Restricted Cash	298.84M	283.53M	269.11M	498.12M	10.76M
Construction In Progress	0.44M	0.44M	1.37M	0.59M	0.34M
Land	10.74M	10.81M	8.78M	8.71M	9.16M
Buildings	32.05M	32.28M	23.22M	23.67M	25.12M
Machinery	26.16M	24.92M	24.04M	25.56M	24.59M
Property, Plant & Equipment	53.25M	51.98M	43.20M	40.91M	47.58M
Goodwill	65.63M	65.63M	114.64M	114.64M	114.64M
Other Intangibles Insurance	1.56M	2.38M	3.18M	3.13M	0.60M
Other Current Assets Insurance	0.75M	0.97M	1.35M	8.41M	37.08M
Other Long Term Assets Insurance	169.96M	165.46M	252.03M	117.76M	3.80M
Long-Term Deferred Tax Assets	5.17M	5.12M	4.09M	—	—
Separate Account Assets	1.92B	2.02B	1.95B	2.40B	2.23B
Long-Term Leases	4.01M	2.19M	6.07M	2.22M	4.47M
Current Portion of Leases	2.19M	2.51M	2.76M	2.42M	3.79M
Long-Term Deferred Charges	—	—	—	178.16M	251.13M
Loans & Investments
Investment Debt Securities	28.46M	30.54M	162.06M	323.16M	517.77M
Investment Equity Preferred	36.84M	36.32M	36.13M	35.38M	33.72M
Other Investments	20.99M	25.25M	63.08M	62.56M	258.83M
Reinsurance Recoverable	470.86M	348.46M	281.85M	467.69M	426.69M
Total Investments	0.14B	0.15B	0.42B	0.62B	1.05B
Liabilities & Obligations
Total Liabilities & Equity	3.31B	3.33B	3.57B	4.77B	4.51B
Accounts Payable Insurance	68.77M	57.68M	59.24M	76.89M	51.29M
Accrued Expenses	26.34M	22.03M	25.27M	124.99M	161.65M
Current Income Taxes Payable	22.23M	16.04M	6.15M	18.74M	23.48M
Other Current Liabilities Insurance	51.43M	51.68M	34.31M	—	—
Other Long Term Liabilities Insurance	—	17.14M	16.69M	40.94M	58.37M
Reinsurance Payable	122.09M	162.30M	185.20M	192.29M	147.79M
Separate Account Liability	—	—	—	2.39B	2.22B
Unearned Premiums	—	—	—	347.70M	323.04M
Unpaid Claims	—	—	—	574.95M	558.60M
Insurance Annuity Liabilities	2.67B	2.62B	2.42B	0.12B	0.04B
Deffered Tax Liabilities Insurance	4.09M	0.12M	0.10M	—	—
Debt & Funding
Short-Term Debt	—	—	—	25.00M	—
Total Debt	6.20M	4.70M	8.82M	29.64M	8.26M
Equity & Book Value
Shareholders' Equity	334.38M	368.74M	816.27M	843.17M	909.67M
Total Common Equity	284.05M	299.51M	746.06M	767.49M	835.33M
Common Stock	0.94B	0.94B	1.21B	1.21B	1.21B
Retained Earnings	-432.35M	-444.06M	-264.52M	-268.65M	-210.67M
Treasury Stock	-35.97M	-35.97M	-35.97M	-35.97M	-35.97M
Comprehensive Income & Other	-187.22M	-160.05M	-163.45M	-137.89M	-128.02M
Minority Interest	50.33M	69.24M	70.21M	75.68M	74.33M
Book Value Per Share	0.59	0.62	1.54	1.59	1.73
Tangible Book Value	216.86M	231.49M	628.24M	649.72M	720.10M
Tangible Book Value Per Share	0.45	0.48	1.30	1.35	1.49
Filing Date Shares Outstanding	483.02M	483.02M	483.03M	483.03M	483.03M
Total Common Shares Outstanding	483.02M	483.02M	483.03M	483.03M	483.03M
Supplemental
Total Liabilities Insurance	2.97B	2.96B	2.76B	3.92B	3.60B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Assets
Cash & Equivalents	150.43M	145.83M	133.45M	104.44M	83.82M
Total Assets	3.31B	3.33B	3.57B	4.77B	4.51B
Investment Securities	28.46M	30.54M	162.06M	323.16M	517.77M
Reinsurance Recoverable	470.86M	348.46M	281.85M	467.69M	426.69M
Liabilities
Total Liabilities	2.97B	2.96B	2.76B	3.92B	3.60B
Insurance Liabilities	2.67B	2.62B	2.42B	0.12B	0.04B
Unearned Premiums	—	—	—	347.70M	323.04M
Unpaid Claims	—	—	—	574.95M	558.60M
Equity & Ownership
Total Equity	334.38M	368.74M	816.27M	843.17M	909.67M
Shares Outstanding	483,023,543	483,023,543	483,028,024	483,029,005	483,029,005
Cash & Assets
Total Assets	3.31B	3.33B	3.57B	4.77B	4.51B
Cash & Equivalents	150.43M	145.83M	133.45M	104.44M	83.82M
Net Cash (Debt)	144.22M	141.14M	124.62M	74.80M	75.56M
Net Cash Per Share	0.30	0.27	0.26	0.15	0.16
Net Cash Growth	+2.2%	+13.3%	+66.6%	-1.0%	+23.9%
Other Receivables Insurance	34.83M	82.07M	102.25M	216.03M	257.77M
Restricted Cash	298.84M	283.53M	269.11M	498.12M	10.76M
Construction In Progress	0.44M	0.44M	1.37M	0.59M	0.34M
Land	10.74M	10.81M	8.78M	8.71M	9.16M
Buildings	32.05M	32.28M	23.22M	23.67M	25.12M
Machinery	26.16M	24.92M	24.04M	25.56M	24.59M
Property, Plant & Equipment	53.25M	51.98M	43.20M	40.91M	47.58M
Goodwill	65.63M	65.63M	114.64M	114.64M	114.64M
Other Intangibles Insurance	1.56M	2.38M	3.18M	3.13M	0.60M
Other Current Assets Insurance	0.75M	0.97M	1.35M	8.41M	37.08M
Other Long Term Assets Insurance	169.96M	165.46M	252.03M	117.76M	3.80M
Long-Term Deferred Tax Assets	5.17M	5.12M	4.09M	—	—
Separate Account Assets	1.92B	2.02B	1.95B	2.40B	2.23B
Long-Term Leases	4.01M	2.19M	6.07M	2.22M	4.47M
Current Portion of Leases	2.19M	2.51M	2.76M	2.42M	3.79M
Long-Term Deferred Charges	—	—	—	178.16M	251.13M
Loans & Investments
Investment Debt Securities	28.46M	30.54M	162.06M	323.16M	517.77M
Investment Equity Preferred	36.84M	36.32M	36.13M	35.38M	33.72M
Other Investments	20.99M	25.25M	63.08M	62.56M	258.83M
Reinsurance Recoverable	470.86M	348.46M	281.85M	467.69M	426.69M
Total Investments	0.14B	0.15B	0.42B	0.62B	1.05B
Liabilities & Obligations
Total Liabilities & Equity	3.31B	3.33B	3.57B	4.77B	4.51B
Accounts Payable Insurance	68.77M	57.68M	59.24M	76.89M	51.29M
Accrued Expenses	26.34M	22.03M	25.27M	124.99M	161.65M
Current Income Taxes Payable	22.23M	16.04M	6.15M	18.74M	23.48M
Other Current Liabilities Insurance	51.43M	51.68M	34.31M	—	—
Other Long Term Liabilities Insurance	—	17.14M	16.69M	40.94M	58.37M
Reinsurance Payable	122.09M	162.30M	185.20M	192.29M	147.79M
Separate Account Liability	—	—	—	2.39B	2.22B
Unearned Premiums	—	—	—	347.70M	323.04M
Unpaid Claims	—	—	—	574.95M	558.60M
Insurance Annuity Liabilities	2.67B	2.62B	2.42B	0.12B	0.04B
Deffered Tax Liabilities Insurance	4.09M	0.12M	0.10M	—	—
Debt & Funding
Short-Term Debt	—	—	—	25.00M	—
Total Debt	6.20M	4.70M	8.82M	29.64M	8.26M
Equity & Book Value
Shareholders' Equity	334.38M	368.74M	816.27M	843.17M	909.67M
Total Common Equity	284.05M	299.51M	746.06M	767.49M	835.33M
Common Stock	0.94B	0.94B	1.21B	1.21B	1.21B
Retained Earnings	-432.35M	-444.06M	-264.52M	-268.65M	-210.67M
Treasury Stock	-35.97M	-35.97M	-35.97M	-35.97M	-35.97M
Comprehensive Income & Other	-187.22M	-160.05M	-163.45M	-137.89M	-128.02M
Minority Interest	50.33M	69.24M	70.21M	75.68M	74.33M
Book Value Per Share	0.59	0.62	1.54	1.59	1.73
Tangible Book Value	216.86M	231.49M	628.24M	649.72M	720.10M
Tangible Book Value Per Share	0.45	0.48	1.30	1.35	1.49
Filing Date Shares Outstanding	483.02M	483.02M	483.03M	483.03M	483.03M
Total Common Shares Outstanding	483.02M	483.02M	483.03M	483.03M	483.03M
Supplemental
Total Liabilities Insurance	2.97B	2.96B	2.76B	3.92B	3.60B