Cash flow Aljazira Takaful Taawuni Company

Equities

8012

SA13AG53T618

Multiline Insurance & Brokers

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:01 2024-09-18 am EDT			5-day change	1st Jan Change
17.46 ^SAR	+1.16%		+0.81%	+2.71%

Aug. 11	Aljazira Takaful Taawuni Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
Aug. 06	Aljazira Takaful Taawuni Relocates HQ in Jeddah, Saudi Arabia	MT

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Published financial data: ALJAZIRA TAKAFUL TAAWUNI COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	101M	204M	163M	144M	302M
Total Interest And Dividend Income	-57.47M	-144M	162K	140K	-318M
Asset Management Fee	-	-	-	-	-
Gain (Loss) on Sale of Investments, Total (Rev)	1.9M	2.62M	2.97M	3.42M	327M
Other Revenues, Total	11.73M	32.46M	33.02M	36.08M	26.62M
Total Revenues	57.23M	95.1M	199M	183M	337M
Policy Benefits	2.18M	3.94M	94.96M	78.23M	245M
Policy Acquisition / Underwriting Costs, Total	3.91M	10.05M	14.32M	15.52M	-
Selling General & Admin Expenses, Total	10.89M	45.08M	67.65M	59.94M	-
Provision for Bad Debts	183K	-36K	6.18M	-931K	-
Salaries And Other Employee Benefits	-	-	-	-	-
Other Operating Expenses	2.31M	-3.92M	-5.73M	169K	24.54M
Total Operating Expenses	19.48M	55.11M	177M	153M	269M
Operating Income	37.76M	39.99M	21.96M	30.28M	67.9M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	37.76M	39.99M	21.96M	30.28M	67.9M
EBT, Incl. Unusual Items	37.76M	39.99M	21.96M	30.28M	67.9M
Income Tax Expense	1.05M	1.22M	541K	1.93M	23.65M
Earnings From Continuing Operations	36.71M	38.76M	21.42M	28.35M	44.25M
Net Income to Company	36.71M	38.76M	21.42M	28.35M	44.25M
Net Income - (IS)	36.71M	38.76M	21.42M	28.35M	44.25M
Net Income to Common Incl Extra Items	36.71M	38.76M	21.42M	28.35M	44.25M
Net Income to Common Excl. Extra Items	36.71M	38.76M	21.42M	28.35M	44.25M
Per Share Items
Net EPS - Basic	0.75	0.79	0.34	0.43	0.67
Basic EPS - Continuing Operations	0.75	0.79	0.34	0.43	0.67
Basic Weighted Average Shares Outstanding	49.08M	49.08M	63.18M	66M	66M
Net EPS - Diluted	0.75	0.79	0.34	0.43	0.67
Diluted EPS - Continuing Operations	0.75	0.79	0.34	0.43	0.67
Diluted Weighted Average Shares Outstanding	49.08M	49.08M	63.18M	66M	66M
Normalized Basic EPS	0.48	0.51	0.22	0.29	0.64
Normalized Diluted EPS	0.48	0.51	0.22	0.29	0.64
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	37.9M	40.27M	26.81M	35.01M	70.92M
EBITA	37.76M	39.99M	23.16M	31.7M	68.73M
EBIT	37.76M	39.99M	21.96M	30.28M	67.9M
EBITDAR	38.85M	40.73M	28.8M	-	-
Effective Tax Rate - (Ratio)	2.77	3.06	2.46	6.37	34.83
Normalized Net Income	23.6M	24.99M	13.73M	18.93M	42.44M
Non-Cash Pension Expense	120K	790K	855K	365K	488K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	1.03M	223K	622K	-	-
Selling and Marketing Expenses	1.03M	223K	622K	-	-
General and Administrative Expenses	7.82M	42.62M	63.98M	58.6M	-
Net Rental Expense, Total	953K	466K	1.98M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	383M	395M	467M	511M	-
Investment In Equity and Preferred Securities, Total	-	-	-	-	43.48M
Trading Asset Securities, Total	28M	56.46M	156M	95.29M	247M
Total Other Investments	-	-	-	-	504M
Total investments	411M	452M	623M	606M	794M
Cash And Equivalents	19.69M	106M	83.02M	263M	118M
Reinsurance Recoverable - (IS)	48.01M	76.07M	106M	95.84M	34.53M
Other Receivables - (Insurance Template)	32.46M	2.53M	81.07M	88.89M	18.08M
Deferred Policy Acquisition Costs - (BS)	-	-	2.69M	4.55M	-
Separate Account Assets	185M	1.34B	1.52B	1.28B	1.53B
Gross Property Plant And Equipment	992K	2.19M	17.25M	20.95M	19.72M
Accumulated Depreciation	-183K	-462K	-12.22M	-14.53M	-15.52M
Net Property Plant And Equipment	809K	1.73M	5.03M	6.42M	4.2M
Goodwill	-	-	233M	233M	232M
Other Intangibles, Total	-	-	3.56M	2.15M	1.91M
Restricted Cash	35M	35M	47.07M	55M	65.99M
Other Current Assets, Total	2.47M	3.76M	14.85M	11.12M	7.72M
Other Long-Term Assets, Total	-	-	64.41M	7.6M	3.48M
Total Assets	735M	2.02B	2.79B	2.65B	2.81B
Liabilities
Accrued Expenses, Total	12.01M	22.69M	56.97M	55.48M	7.64M
Insurance And Annuity Liabilities	192M	1.37B	1.56B	1.32B	1.78B
Unpaid Claims	40.55M	67.06M	144M	119M	-
Unearned Premiums	35.09M	34.53M	92.89M	166M	-
Reinsurance Payable - (BS)	10.78M	15.3M	34.39M	51.38M	473K
Current Portion of Leases	-	-	579K	972K	1.07M
Long-Term Leases	-	-	611K	2.06M	472K
Current Income Taxes Payable	1.11M	1.28M	2.18M	2.91M	65.05M
Unearned Revenue, Current	-	-	-	-	1.05M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	6.64M	28.74M	78.38M	85.16M	-
Pension & Other Post Retirement Benefits	2.62M	3.52M	5.25M	5.58M	6.83M
Other Non Current Liabilities	-	322K	-	-	9.66M
Total Liabilities	300M	1.55B	1.97B	1.81B	1.87B
Common Stock, Total	350M	350M	550M	550M	660M
Additional Paid In Capital	-	-	197M	197M	87.29M
Retained Earnings	84.6M	123M	65.44M	93.8M	152M
Comprehensive Income and Other	-49K	-412K	1.24M	393K	41.48M
Total Common Equity	435M	473M	814M	841M	940M
Total Equity	435M	473M	814M	841M	940M
Total Liabilities And Equity	735M	2.02B	2.79B	2.65B	2.81B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	49.08M	49.08M	66M	66M	66M
ECS Total Common Shares Outstanding	49.08M	49.08M	66M	66M	66M
Book Value / Share	8.85	9.64	12.33	12.75	14.25
Tangible Book Value	435M	473M	577M	606M	706M
Tangible Book Value Per Share	8.85	9.64	8.75	9.19	10.7
Total Debt	0	0	1.19M	3.04M	1.54M
Net Debt	-19.69M	-106M	-81.83M	-260M	-116M
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.62M	3.52M	5.25M	5.58M	6.83M
Debt Equivalent Oper. Leases	7.62M	3.73M	15.87M	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	992K	2.19M	15.96M	17.87M	18.07M
Full Time Employees	113	108	165	164	192

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	36.71M	38.76M	21.42M	28.35M	44.25M
Depreciation, Depletion & Amortization	141K	279K	3.65M	3.31M	2.19M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	1.2M	1.41M	826K
Total Depreciation, Depletion & Amortization	141K	279K	4.85M	4.72M	3.01M
(Gain) Loss On Sale of Asset - (CF)	-	-	1.78M	969K	-
(Gain) Loss on Sale of Investments - (CF)	-1.9M	-2.62M	-2.97M	-3.42M	-11.9M
Deferred Policy Acquisition Costs - (CF)	-	-	6.13M	-1.86M	-
Provision and Write-off of Bad Debts	183K	-36K	6.18M	-931K	-
Change in Accounts Receivable	-644K	-373K	5.12M	-65.8M	225M
Reinsurance Recoverable - (CF)	-19.08M	-18.62M	22.02M	10.66M	-
Reinsurance Payable - (CF)	-5.35M	4.52M	10.92M	16.99M	-
Change in Unearned Revenues	-	-	-65.48M	75.74M	-
Change in insurance Reserves / Liabilities	77.03M	184M	128M	-259M	-
Change in Other Net Operating Assets (Collected)	-79.47M	-60.12M	-255M	368M	-265M
Other Operating Activities	-638K	-32.79M	12.87M	-25.73M	-5.18M
Cash from Operations	6.97M	113M	-104M	148M	-10.42M
Capital Expenditure	-690K	-1.2M	-568K	-1.9M	-888K
Sale of Property, Plant, and Equipment	-	-	170K	-	-
Cash Acquisitions	-	-	141M	-	-
Investment in Marketable and Equity Securities, Total	-5.03M	-32.85M	-88.8M	19.47M	-144M
Other Investing Activities, Total	1.42M	7.52M	31.6M	15.56M	18.96M
Cash from Investing	-4.3M	-26.52M	83.25M	33.13M	-126M
Long-Term Debt Repaid, Total	-	-	-2.55M	-1.06M	-1.13M
Total Debt Repaid	-	-	-2.55M	-1.06M	-1.13M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-	-	-2.55M	-1.06M	-1.13M
Net Change in Cash	2.67M	86.34M	-23.01M	180M	-137M
Supplemental Items
Cash Income Tax Paid (Refund)	104K	99K	131K	502K	571K
Net Debt Issued / Repaid	-	-	-2.55M	-1.06M	-1.13M
Levered Free Cash Flow	49.08M	59.63M	209M	-82.08M	-29.59M
Unlevered Free Cash Flow	49.08M	59.63M	209M	-82.08M	-29.59M
Change In Net Working Capital	-26.03M	-35.56M	-191M	104M	74.16M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.51	1.81	0.57	0.7	1.59
Return on Total Capital	5.67	5.51	2.13	2.28	4.62
Return On Equity %	8.82	8.54	3.33	3.43	4.83
Return on Common Equity	8.82	8.54	3.33	3.43	4.83
Margin Analysis
Gross Profit Margin %	87.44	83.43	44.65	48.1	27.41
SG&A Margin	17.11	45.54	33.41	31.99	-
EBITDA Margin %	66.22	42.34	13.45	19.11	21.03
EBITA Margin %	65.97	42.05	11.62	17.3	20.38
EBIT Margin %	65.97	42.05	11.02	16.53	20.14
Income From Continuing Operations Margin %	64.14	40.76	10.75	15.48	13.12
Net Income Margin %	64.14	40.76	10.75	15.48	13.12
Net Avail. For Common Margin %	64.14	40.76	10.75	15.48	13.12
Normalized Net Income Margin	41.23	26.28	6.89	10.33	12.58
Levered Free Cash Flow Margin	85.76	62.7	104.91	-44.8	-8.77
Unlevered Free Cash Flow Margin	85.76	62.7	104.91	-44.8	-8.77
Asset Turnover
Asset Turnover	0.09	0.07	0.08	0.07	0.13
Fixed Assets Turnover	107.07	74.91	58.97	32	63.53
Receivables Turnover (Average Receivables)	-	-	14.33	2.7	-
Short Term Liquidity
Current Ratio	1.56	1.65	0.25	0.34	6.52
Quick Ratio	0.75	0.97	0.16	0.25	5.07
Operating Cash Flow to Current Liabilities	0.07	0.67	-0.05	0.08	-0.14
Days Sales Outstanding (Average Receivables)	-	-	25.46	135.08	-
Average Days Payable Outstanding	2.25K	1.55K	5.23K	6.14K	3.89
Long Term Solvency
Total Debt/Equity	-	-	0.15	0.36	0.16
Total Debt / Total Capital	-	-	0.15	0.36	0.16
LT Debt/Equity	-	-	0.08	0.25	0.05
Long-Term Debt / Total Capital	-	-	0.07	0.24	0.05
Total Liabilities / Total Assets	40.88	76.6	70.81	68.27	66.57
Total Debt / EBITDA	-	-	0.04	0.09	0.02
Net Debt / EBITDA	-0.52	-2.63	-3.05	-7.43	-1.64
Total Debt / (EBITDA - Capex)	-	-	0.05	0.09	0.02
Net Debt / (EBITDA - Capex)	-0.53	-2.71	-3.12	-7.86	-1.66
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	22.84	66.17	109.6	-8.09	35.08
Gross Profit, 1 Yr. Growth %	14.36	58.55	12.17	-0.98	88.23
EBITDA, 1 Yr. Growth %	18.86	6.26	-33.41	30.56	57
EBITA, 1 Yr. Growth %	18.58	5.92	-42.09	36.86	64.18
EBIT, 1 Yr. Growth %	18.58	5.92	-45.08	37.9	67.87
Earnings From Cont. Operations, 1 Yr. Growth %	19.01	5.6	-44.74	32.37	14.89
Net Income, 1 Yr. Growth %	19.01	5.6	-44.74	32.37	14.89
Normalized Net Income, 1 Yr. Growth %	18.58	5.92	-45.08	37.9	67.87
Diluted EPS Before Extra, 1 Yr. Growth %	19.01	5.6	-57.07	26.72	14.89
Net Property, Plant and Equip., 1 Yr. Growth %	211.15	113.84	190.75	27.63	-34.64
Accounts Receivable, 1 Yr. Growth %	-	-	710.47	324.36	-
Total Assets, 1 Yr. Growth %	20.26	174.92	38	-4.9	11.02
Common Equity, 1 Yr. Growth %	9.19	8.84	72.11	3.38	5.33
Tangible Book Value, 1 Yr. Growth %	9.19	8.84	22.1	5.01	7.26
Cash From Operations, 1 Yr. Growth %	-76.8	1.52K	-191.89	-242.79	-107.12
Capital Expenditures, 1 Yr. Growth %	128.48	73.91	-52.67	235.39	-53.39
Levered Free Cash Flow, 1 Yr. Growth %	-443.47	21.49	-85.26	-139.25	-98.3
Unlevered Free Cash Flow, 1 Yr. Growth %	-443.47	21.49	-85.26	-139.25	-98.3
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %