ARABIAN SHIELD

Arabian Shield Cooperative Insurance Co.

8070StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	50.08M	-31.69M	228.41M	85.39M	-75.00M
Free Cash Flow	32.11M	-34.12M	226.04M	83.13M	-76.10M
Capital Expenditures	-17.96M	-2.42M	-2.37M	-2.26M	-1.11M
Investing & Financing
Investing Cash Flow	127.68M	-46.68M	-214.18M	-304.41M	-77.20M
Financing Cash Flow	-10.16M	-0.58M	0.01M	—	—
Operating Activities
Operating Cash Flow	50.08M	-31.69M	228.41M	85.39M	-75.00M
Net Income	-43.75M	71.00M	66.94M	-18.23M	26.15M
Change Accounts Payable Insurance	—	—	—	—	2.31M
Change Accounts Receivable Insurance	3.31M	-4.10M	0.26M	19.65M	-86.10M
Change in Unearned Revenue	—	—	—	—	-5.90M
Change in Working Capital	153.09M	-16.06M	228.94M	127.58M	-90.93M
Change Insurance Reserves Liabilities	1.19B	0.21B	0.01B	0.02B	-0.06B
Change Other Net Oper Assets Insurance	-759.16M	-10.40M	19.27M	102.43M	-18.05M
Other Operating Activities Insurance	-77.47M	-102.30M	-78.68M	-32.83M	-7.30M
Depreciation & Amortization	12.08M	15.87M	10.66M	5.06M	1.44M
Other Amortization	5.91M	—	—	3.74M	2.94M
Cash Income Tax Paid	—	—	—	—	993.00K
Reinsurance Recoverable CF	-235.38M	-114.69M	18.13M	21.61M	82.48M
Investing Activities
Investing Cash Flow	127.68M	-46.68M	-214.18M	-304.41M	-77.20M
Capex Insurance	-17.96M	-2.42M	-2.37M	-2.26M	-1.11M
Cash Acquisitions	—	—	19.37M	63.48M	—
Investment in Securities	69.89M	-101.20M	-241.16M	-353.90M	-62.49M
Other Investing Activities	82.89M	63.04M	16.83M	-7.31M	-10.00M
Sale Of Intangibles Insurance	-7.15M	-6.11M	-6.85M	-4.51M	-3.60M
Sale of Property, Plant & Equipment	24.00K	—	—	87.00K	2.00K
Gain Assets CF Insurance	-24.00K	—	—	—	-2.00K
Loss (Gain) on Sale of Investments	0.25M	-0.20M	0.55M	0.07M	-13.18M
Financing Activities
Financing Cash Flow	-10.16M	-0.58M	0.01M	—	—
Long-Term Debt Issued	—	—	8.00K	—	—
Long-Term Debt Repaid	-10.16M	-0.58M	—	—	—
Net Debt Issued Insurance	-10.16M	-0.58M	0.01M	—	—
Total Debt Repaid Insurance	-10.16M	-0.58M	—	—	—
Free Cash Flow & Returns
Free Cash Flow	32.11M	-34.12M	226.04M	83.13M	-76.10M
Free Cash Flow Growth	—	—	+171.9%	—	—
Free Cash Flow Margin	+2.2%	-2.8%	+23.1%	+13.0%	-17.3%
Free Cash Flow Per Share	0.40	-0.43	3.42	1.32	-1.90
Levered Free Cash Flow	-1.08B	-0.21B	-0.68B	-0.95B	-0.07B
Unlevered Free Cash Flow	-1.03B	-0.17B	-0.63B	-0.95B	-0.07B
Operating Cash Flow Growth	—	—	+167.5%	—	—
Net Cash Flow	167.60M	-78.95M	14.24M	-219.02M	-152.19M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	50.08M	-31.69M	228.41M	85.39M	-75.00M
Free Cash Flow	32.11M	-34.12M	226.04M	83.13M	-76.10M
Capital Expenditures	-17.96M	-2.42M	-2.37M	-2.26M	-1.11M
Investing & Financing
Investing Cash Flow	127.68M	-46.68M	-214.18M	-304.41M	-77.20M
Financing Cash Flow	-10.16M	-0.58M	0.01M	—	—
Operating Activities
Operating Cash Flow	50.08M	-31.69M	228.41M	85.39M	-75.00M
Net Income	-43.75M	71.00M	66.94M	-18.23M	26.15M
Change Accounts Payable Insurance	—	—	—	—	2.31M
Change Accounts Receivable Insurance	3.31M	-4.10M	0.26M	19.65M	-86.10M
Change in Unearned Revenue	—	—	—	—	-5.90M
Change in Working Capital	153.09M	-16.06M	228.94M	127.58M	-90.93M
Change Insurance Reserves Liabilities	1.19B	0.21B	0.01B	0.02B	-0.06B
Change Other Net Oper Assets Insurance	-759.16M	-10.40M	19.27M	102.43M	-18.05M
Other Operating Activities Insurance	-77.47M	-102.30M	-78.68M	-32.83M	-7.30M
Depreciation & Amortization	12.08M	15.87M	10.66M	5.06M	1.44M
Other Amortization	5.91M	—	—	3.74M	2.94M
Cash Income Tax Paid	—	—	—	—	993.00K
Reinsurance Recoverable CF	-235.38M	-114.69M	18.13M	21.61M	82.48M
Investing Activities
Investing Cash Flow	127.68M	-46.68M	-214.18M	-304.41M	-77.20M
Capex Insurance	-17.96M	-2.42M	-2.37M	-2.26M	-1.11M
Cash Acquisitions	—	—	19.37M	63.48M	—
Investment in Securities	69.89M	-101.20M	-241.16M	-353.90M	-62.49M
Other Investing Activities	82.89M	63.04M	16.83M	-7.31M	-10.00M
Sale Of Intangibles Insurance	-7.15M	-6.11M	-6.85M	-4.51M	-3.60M
Sale of Property, Plant & Equipment	24.00K	—	—	87.00K	2.00K
Gain Assets CF Insurance	-24.00K	—	—	—	-2.00K
Loss (Gain) on Sale of Investments	0.25M	-0.20M	0.55M	0.07M	-13.18M
Financing Activities
Financing Cash Flow	-10.16M	-0.58M	0.01M	—	—
Long-Term Debt Issued	—	—	8.00K	—	—
Long-Term Debt Repaid	-10.16M	-0.58M	—	—	—
Net Debt Issued Insurance	-10.16M	-0.58M	0.01M	—	—
Total Debt Repaid Insurance	-10.16M	-0.58M	—	—	—
Free Cash Flow & Returns
Free Cash Flow	32.11M	-34.12M	226.04M	83.13M	-76.10M
Free Cash Flow Growth	—	—	+171.9%	—	—
Free Cash Flow Margin	+2.2%	-2.8%	+23.1%	+13.0%	-17.3%
Free Cash Flow Per Share	0.40	-0.43	3.42	1.32	-1.90
Levered Free Cash Flow	-1.08B	-0.21B	-0.68B	-0.95B	-0.07B
Unlevered Free Cash Flow	-1.03B	-0.17B	-0.63B	-0.95B	-0.07B
Operating Cash Flow Growth	—	—	+167.5%	—	—
Net Cash Flow	167.60M	-78.95M	14.24M	-219.02M	-152.19M