ALETIHAD

Al-Etihad Cooperative Insurance Co.

8170StocksTadawulInsurance

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
Assets
Cash & Equivalents	94.99M	106.07M	77.37M	189.87M	535.50M
Total Assets	1.20B	1.51B	1.87B	1.52B	1.63B
Investment Securities	78.87M	67.27M	49.61M	8.07M	45.52M
Reinsurance Recoverable	90.98M	121.67M	111.67M	121.78M	124.14M
Liabilities
Total Liabilities	0.75B	0.80B	1.20B	0.98B	1.07B
Insurance Liabilities	701.97M	714.46M	576.01M	362.35M	8.61M
Unearned Premiums	—	—	—	—	503.19M
Unpaid Claims	—	—	517.27M	455.97M	366.84M
Equity & Ownership
Deferred Policy Acquisition Cost	—	—	—	—	34.26M
Total Equity	449.59M	711.66M	671.62M	536.61M	554.36M
Shares Outstanding	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000
Cash & Assets
Total Assets	1.20B	1.51B	1.87B	1.52B	1.63B
Cash & Equivalents	94.99M	106.07M	77.37M	189.87M	535.50M
Net Cash (Debt)	91.71M	99.34M	71.53M	182.53M	532.36M
Net Cash Per Share	1.83	1.99	1.43	3.62	10.65
Net Cash Growth	-7.7%	+38.9%	-60.8%	-65.7%	+18.8%
Other Receivables Insurance	36.02M	35.32M	72.87M	42.04M	184.85M
Restricted Cash	50.00M	50.00M	45.00M	45.00M	40.00M
Construction In Progress	0.45M	1.12M	7.31M	2.74M	8.41M
Machinery	20.35M	20.06M	32.30M	28.35M	24.59M
Leasehold Improvements	10.34M	10.22M	9.97M	8.72M	7.78M
Property, Plant & Equipment	9.44M	15.52M	26.01M	21.68M	21.45M
Goodwill	4.50M	4.50M	4.50M	4.50M	4.50M
Other Intangibles Insurance	11.58M	14.74M	—	—	—
Deferred Policy Acquisition Cost	—	—	—	—	34.26M
Other Current Assets Insurance	7.54M	5.02M	9.62M	6.39M	13.18M
Other Long Term Assets Insurance	14.63M	24.28M	20.03M	18.66M	6.86M
Long-Term Leases	2.27M	3.28M	5.85M	7.34M	3.14M
Current Portion of Leases	1.01M	3.45M	—	—	—
Long-Term Deferred Charges	—	—	—	—	23.62M
Loans & Investments
Investment Debt Securities	78.87M	67.27M	49.61M	8.07M	45.52M
Investment Equity Preferred	—	—	—	—	93.54M
Other Investments	0.65B	0.91B	1.29B	0.85B	0.50B
Reinsurance Recoverable	90.98M	121.67M	111.67M	121.78M	124.14M
Total Investments	0.88B	1.13B	1.50B	1.07B	0.64B
Liabilities & Obligations
Total Liabilities & Equity	1.20B	1.51B	1.87B	1.52B	1.63B
Accounts Payable Insurance	—	—	—	—	31.87M
Accrued Expenses	6.45M	11.08M	34.52M	30.03M	52.49M
Current Income Taxes Payable	8.98M	17.05M	18.96M	23.06M	25.31M
Other Current Liabilities Insurance	6.86M	25.41M	16.55M	74.27M	20.49M
Other Long Term Liabilities Insurance	0.59M	1.33M	2.19M	8.69M	32.23M
Reinsurance Payable	0.10M	0.84M	7.08M	0.21M	12.95M
Unearned Premiums	—	—	—	—	503.19M
Unpaid Claims	—	—	517.27M	455.97M	366.84M
Insurance Annuity Liabilities	701.97M	714.46M	576.01M	362.35M	8.61M
Debt & Funding
Total Debt	3.28M	6.73M	5.85M	7.34M	3.14M
Equity & Book Value
Shareholders' Equity	449.59M	711.66M	671.62M	536.61M	554.36M
Common Stock	500.00M	500.00M	450.00M	450.00M	400.00M
Retained Earnings	-120.71M	153.73M	181.60M	87.70M	136.78M
Comprehensive Income & Other	70.30M	57.92M	40.02M	-1.09M	17.59M
Book Value Per Share	8.99	14.23	13.43	10.73	11.09
Tangible Book Value	433.51M	692.42M	667.12M	532.12M	549.86M
Tangible Book Value Per Share	8.67	13.85	13.34	10.64	11.00
Filing Date Shares Outstanding	50.00M	50.00M	50.00M	50.00M	50.00M
Total Common Shares Outstanding	50.00M	50.00M	50.00M	50.00M	50.00M
Supplemental
Total Liabilities Insurance	0.75B	0.80B	1.20B	0.98B	1.07B

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
Assets
Cash & Equivalents	94.99M	106.07M	77.37M	189.87M	535.50M
Total Assets	1.20B	1.51B	1.87B	1.52B	1.63B
Investment Securities	78.87M	67.27M	49.61M	8.07M	45.52M
Reinsurance Recoverable	90.98M	121.67M	111.67M	121.78M	124.14M
Liabilities
Total Liabilities	0.75B	0.80B	1.20B	0.98B	1.07B
Insurance Liabilities	701.97M	714.46M	576.01M	362.35M	8.61M
Unearned Premiums	—	—	—	—	503.19M
Unpaid Claims	—	—	517.27M	455.97M	366.84M
Equity & Ownership
Deferred Policy Acquisition Cost	—	—	—	—	34.26M
Total Equity	449.59M	711.66M	671.62M	536.61M	554.36M
Shares Outstanding	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000
Cash & Assets
Total Assets	1.20B	1.51B	1.87B	1.52B	1.63B
Cash & Equivalents	94.99M	106.07M	77.37M	189.87M	535.50M
Net Cash (Debt)	91.71M	99.34M	71.53M	182.53M	532.36M
Net Cash Per Share	1.83	1.99	1.43	3.62	10.65
Net Cash Growth	-7.7%	+38.9%	-60.8%	-65.7%	+18.8%
Other Receivables Insurance	36.02M	35.32M	72.87M	42.04M	184.85M
Restricted Cash	50.00M	50.00M	45.00M	45.00M	40.00M
Construction In Progress	0.45M	1.12M	7.31M	2.74M	8.41M
Machinery	20.35M	20.06M	32.30M	28.35M	24.59M
Leasehold Improvements	10.34M	10.22M	9.97M	8.72M	7.78M
Property, Plant & Equipment	9.44M	15.52M	26.01M	21.68M	21.45M
Goodwill	4.50M	4.50M	4.50M	4.50M	4.50M
Other Intangibles Insurance	11.58M	14.74M	—	—	—
Deferred Policy Acquisition Cost	—	—	—	—	34.26M
Other Current Assets Insurance	7.54M	5.02M	9.62M	6.39M	13.18M
Other Long Term Assets Insurance	14.63M	24.28M	20.03M	18.66M	6.86M
Long-Term Leases	2.27M	3.28M	5.85M	7.34M	3.14M
Current Portion of Leases	1.01M	3.45M	—	—	—
Long-Term Deferred Charges	—	—	—	—	23.62M
Loans & Investments
Investment Debt Securities	78.87M	67.27M	49.61M	8.07M	45.52M
Investment Equity Preferred	—	—	—	—	93.54M
Other Investments	0.65B	0.91B	1.29B	0.85B	0.50B
Reinsurance Recoverable	90.98M	121.67M	111.67M	121.78M	124.14M
Total Investments	0.88B	1.13B	1.50B	1.07B	0.64B
Liabilities & Obligations
Total Liabilities & Equity	1.20B	1.51B	1.87B	1.52B	1.63B
Accounts Payable Insurance	—	—	—	—	31.87M
Accrued Expenses	6.45M	11.08M	34.52M	30.03M	52.49M
Current Income Taxes Payable	8.98M	17.05M	18.96M	23.06M	25.31M
Other Current Liabilities Insurance	6.86M	25.41M	16.55M	74.27M	20.49M
Other Long Term Liabilities Insurance	0.59M	1.33M	2.19M	8.69M	32.23M
Reinsurance Payable	0.10M	0.84M	7.08M	0.21M	12.95M
Unearned Premiums	—	—	—	—	503.19M
Unpaid Claims	—	—	517.27M	455.97M	366.84M
Insurance Annuity Liabilities	701.97M	714.46M	576.01M	362.35M	8.61M
Debt & Funding
Total Debt	3.28M	6.73M	5.85M	7.34M	3.14M
Equity & Book Value
Shareholders' Equity	449.59M	711.66M	671.62M	536.61M	554.36M
Common Stock	500.00M	500.00M	450.00M	450.00M	400.00M
Retained Earnings	-120.71M	153.73M	181.60M	87.70M	136.78M
Comprehensive Income & Other	70.30M	57.92M	40.02M	-1.09M	17.59M
Book Value Per Share	8.99	14.23	13.43	10.73	11.09
Tangible Book Value	433.51M	692.42M	667.12M	532.12M	549.86M
Tangible Book Value Per Share	8.67	13.85	13.34	10.64	11.00
Filing Date Shares Outstanding	50.00M	50.00M	50.00M	50.00M	50.00M
Total Common Shares Outstanding	50.00M	50.00M	50.00M	50.00M	50.00M
Supplemental
Total Liabilities Insurance	0.75B	0.80B	1.20B	0.98B	1.07B