Balance Sheet Oman United Insurance Company SAOG

Equities

OUIC

OM0000001087

Property & Casualty Insurance

End-of-day quote Muscat Exchange Other stock markets 2024-09-05			5-day change	1st Jan Change
0.2500 ^OMR	0.00%		0.00%	-7.41%

08-01	Oman United Insurance Company SAOG Announces Resignation of Sanjay Jha as General Manager of Medical and Life Insurance	CI
07-15	Oman United Insurance Company SAOG Reports Earnings Results for the Half Year Ended June 30, 2024	CI

90dd8275a3f5a00483121491.F6_sPTGvbnGgtwg2TNUTooizT0hR_lMKYoRc0Volhr0.R9aIWWvrChzq819OIOdB673sFRkFszFdNbE16GNLtMhQ3K1vZtoXAfGFPA

Published financial data: OMAN UNITED INSURANCE COMPANY SAOG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	18.62M	16.01M	15.89M	14.08M	18.51M
Total Interest And Dividend Income	2.91M	3.34M	2.76M	3.77M	2.86M
Gain (Loss) on Sale of Investments, Total (Rev)	-2.38M	-1.24M	385K	-	320K
Other Revenues, Total	2.33M	2.42M	2.44M	3.41M	479K
Total Revenues	21.48M	20.54M	21.48M	21.26M	22.16M
Policy Benefits	10.63M	8.03M	9.68M	10.45M	27.07M
Policy Acquisition / Underwriting Costs, Total	2.29M	2.5M	2.29M	2.47M	3.85M
Depreciation & Amortization - (IS) - (Collected)	429K	443K	-	-	345K
Selling General & Admin Expenses, Total	876K	977K	5.49M	5.26M	998K
Provision for Bad Debts	290K	290K	-	-	30.28K
Salaries And Other Employee Benefits	3.28M	3.45M	-	-	3.47M
Other Operating Expenses	-755K	-365K	-649K	-	-16.4M
Total Operating Expenses	17.05M	15.31M	16.81M	18.17M	19.37M
Operating Income	4.43M	5.22M	4.66M	3.08M	2.79M
Currency Exchange Gains (Loss)	-	-	-1.06K	-	-
Other Non Operating Income (Expenses)	-	-	1	-	54.03K
EBT, Excl. Unusual Items	4.43M	5.22M	4.66M	3.08M	2.85M
Gain (Loss) on Sale of Assets	-31	649	8.76K	-	-
EBT, Incl. Unusual Items	4.43M	5.22M	4.67M	3.08M	2.85M
Income Tax Expense	1.03M	967K	711K	325K	197K
Earnings From Continuing Operations	3.4M	4.25M	3.96M	2.76M	2.65M
Net Income to Company	3.4M	4.25M	3.96M	2.76M	2.65M
Net Income - (IS)	3.4M	4.25M	3.96M	2.76M	2.65M
Net Income to Common Incl Extra Items	3.4M	4.25M	3.96M	2.76M	2.65M
Net Income to Common Excl. Extra Items	3.4M	4.25M	3.96M	2.76M	2.65M
Per Share Items
Net EPS - Basic	0.03	0.04	0.04	0.03	0.03
Basic EPS - Continuing Operations	0.03	0.04	0.04	0.03	0.03
Basic Weighted Average Shares Outstanding	100M	100M	100M	100M	100M
Net EPS - Diluted	0.03	0.04	0.04	0.03	0.03
Diluted EPS - Continuing Operations	0.03	0.04	0.04	0.03	0.03
Diluted Weighted Average Shares Outstanding	100M	100M	100M	100M	100M
Normalized Basic EPS	0.03	0.03	0.03	0.02	0.02
Normalized Diluted EPS	0.03	0.03	0.03	0.02	0.02
Dividend Per Share	0.03	0.04	0.04	0.04	0.02
Payout Ratio	88.12	70.52	88.39	126.91	131.98
Supplemental Items
EBITDA	4.82M	5.61M	4.98M	3.39M	3.09M
EBITA	4.43M	5.22M	4.66M	3.11M	2.83M
EBIT	4.43M	5.22M	4.66M	3.08M	2.79M
EBITDAR	4.87M	5.65M	5.02M	3.42M	3.12M
Effective Tax Rate - (Ratio)	23.21	18.52	15.22	10.54	6.91
Current Domestic Taxes	991K	938K	708K	394K	138K
Total Current Taxes	991K	938K	708K	394K	138K
Deferred Domestic Taxes	37.94K	29.44K	3.21K	-68.75K	58.31K
Total Deferred Taxes	37.94K	29.44K	3.21K	-68.75K	58.31K
Normalized Net Income	2.77M	3.26M	2.91M	1.93M	1.78M
Non-Cash Pension Expense	85.78K	88.54K	112K	69.61K	153K
Supplemental Operating Expense Items
Advertising Expense	54.24K	85.37K	80.02K	105K	88.91K
Selling and Marketing Expenses	54.24K	85.37K	80.02K	105K	88.91K
General and Administrative Expenses	610K	688K	5.18M	4.9M	641K
Net Rental Expense, Total	50.97K	40.55K	38.89K	36.8K	29.09K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	-	-	-	-	35.47M
Investment In Equity and Preferred Securities, Total	1.64M	880K	735K	-	-
Trading Asset Securities, Total	1.15M	2.4M	3.64M	7.78M	14.03M
Real Estate Owned	2.22M	2.14M	2.08M	2.02M	1.97M
Total Other Investments	51.04M	58.55M	56.59M	53.69M	10.45M
Total investments	56.05M	63.97M	63.04M	63.49M	61.92M
Cash And Equivalents	475K	1.94M	773K	519K	588K
Reinsurance Recoverable - (IS)	36.64M	31.96M	38.06M	37.83M	21.98M
Other Receivables - (Insurance Template)	5.43M	5.07M	5.42M	4.56M	5.32M
Gross Property Plant And Equipment	5.15M	5.45M	5.53M	-	5.64M
Accumulated Depreciation	-3.54M	-3.84M	-4.03M	-	-4.35M
Net Property Plant And Equipment	1.61M	1.6M	1.49M	1.22M	1.28M
Other Intangibles, Total	-	-	-	127K	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	6.01M	2.68M	-	838K	843K
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	84.2K
Other Long-Term Assets, Total	13.08K	96.87K	-	-	-
Total Assets	106M	107M	109M	109M	92.01M
Liabilities
Accounts Payable, Total	3.91M	3.54M	1.98M	3.95M	-
Accrued Expenses, Total	600K	641K	1.21M	2.1M	1.65M
Insurance And Annuity Liabilities	9.57M	8.14M	7.99M	4.99M	53.32M
Unpaid Claims	39.27M	35.75M	40.53M	41.39M	-
Unearned Premiums	12.15M	12.77M	12.05M	13.92M	-
Reinsurance Payable - (BS)	7.55M	9.34M	10.45M	9.64M	-
Current Portion of Leases	210K	68.21K	46.08K	-	87.16K
Short-Term Borrowings	-	2.41M	-	181K	923K
Long-Term Leases	-	294K	277K	322K	225K
Current Income Taxes Payable	1.02M	976K	753K	448K	197K
Unearned Revenue, Current	123K	114K	-	-	151K
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1.56M	1.83M	-	-	6.39M
Unearned Revenue Non Current	-	-	-	133K	-
Pension & Other Post Retirement Benefits	892K	847K	765K	797K	827K
Deferred Tax Liability Non-Current	96.04K	125K	129K	59.94K	-
Other Non Current Liabilities	-	-	1.78M	492K	-
Total Liabilities	76.97M	76.85M	77.95M	78.42M	63.77M
Common Stock, Total	10M	10M	10M	10M	10M
Additional Paid In Capital	872K	872K	872K	872K	872K
Retained Earnings	18.08M	19.33M	19.79M	19.05M	20.47M
Comprehensive Income and Other	305K	255K	166K	240K	-3.1M
Total Common Equity	29.25M	30.46M	30.83M	30.16M	28.24M
Total Equity	29.25M	30.46M	30.83M	30.16M	28.24M
Total Liabilities And Equity	106M	107M	109M	109M	92.01M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	100M	100M	100M	100M	100M
ECS Total Common Shares Outstanding	100M	100M	100M	100M	100M
Book Value / Share	0.29	0.3	0.31	0.3	0.28
Tangible Book Value	29.25M	30.46M	30.83M	30.03M	28.24M
Tangible Book Value Per Share	0.29	0.3	0.31	0.3	0.28
Total Debt	210K	2.77M	323K	503K	1.23M
Net Debt	-265K	832K	-451K	-15.69K	647K
Debt Equivalent Oper. Leases	408K	324K	311K	294K	233K
Equity Method Investments, Total	-	-	735K	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	464K	464K	464K	-	464K
Buildings, Total	1.29M	1.29M	1.29M	-	1.29M
Machinery, Total	2.66M	2.73M	2.87M	-	2.87M
Full Time Employees	-	-	-	54	32

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.4M	4.25M	3.96M	2.76M	2.65M
Depreciation, Depletion & Amortization	472K	481K	411K	362K	345K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	26.75K	40.05K
Total Depreciation, Depletion & Amortization	472K	481K	411K	389K	385K
(Gain) Loss On Sale of Asset - (CF)	31	-649	-8.76K	-	-7.22K
(Gain) Loss on Sale of Investments - (CF)	2.38M	1.24M	-72.68K	-774K	-330K
Total Asset Writedown	-	-	110K	49.08K	-
Change in Accounts Receivable	217K	586K	-412K	601K	-
Reinsurance Recoverable - (CF)	-	-	-1.11M	2.06M	-790K
Change in Accounts Payable	-303K	1.87M	-	-	-
Reinsurance Payable - (CF)	-	-	-2.7M	-3.36M	-
Change in insurance Reserves / Liabilities	-2.95M	5.54K	2.35M	1.7M	-
Change in Other Net Operating Assets (Collected)	-	-	13.2K	-112K	-520K
Other Operating Activities	-2.71M	-3.41M	-3.22M	-3.22M	-3.03M
Cash from Operations	511K	5.03M	-688K	84.46K	-1.64M
Capital Expenditure	-369K	-404K	-305K	-185K	-268K
Sale of Property, Plant, and Equipment	-	191	9.3K	-	8.05K
Investment in Marketable and Equity Securities, Total	-525K	-5.8M	2.68M	261K	1.72M
Other Investing Activities, Total	2.97M	3.23M	3.05M	2.9M	3.01M
Cash from Investing	2.07M	-2.97M	5.43M	2.98M	4.47M
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Common Dividends Paid	-3M	-3M	-3.5M	-3.5M	-3.5M
Common & Preferred Stock Dividends Paid	-3M	-3M	-3.5M	-3.5M	-3.5M
Cash from Financing	-3M	-3M	-3.5M	-3.5M	-3.5M
Net Change in Cash	-417K	-944K	1.24M	-435K	-673K
Supplemental Items
Cash Income Tax Paid (Refund)	876K	984K	930K	699K	389K
Net Debt Issued / Repaid	-	-	-	-	-
Levered Free Cash Flow	8.74M	-1.08M	1.85M	-965K	10.82M
Unlevered Free Cash Flow	8.74M	-1.08M	1.85M	-965K	10.82M
Change In Net Working Capital	-5.87M	4.42M	1.17M	3.1M	-8.95M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.61	3.06	2.7	1.77	1.79
Return on Total Capital	9.59	10.41	9.05	6.23	5.83
Return On Equity %	11.82	14.25	12.92	9.04	9.11
Return on Common Equity	11.82	14.25	12.92	9.04	9.11
Margin Analysis
Gross Profit Margin %	39.09	47.97	43.38	38.23	-40.6
SG&A Margin	18.62	20.75	24.69	23.73	19.08
EBITDA Margin %	22.44	27.33	23.21	15.93	13.93
EBITA Margin %	20.64	25.42	21.71	14.63	12.79
EBIT Margin %	20.64	25.42	21.71	14.5	12.61
Income From Continuing Operations Margin %	15.85	20.72	18.44	12.97	11.97
Net Income Margin %	15.85	20.72	18.44	12.97	11.97
Net Avail. For Common Margin %	15.85	20.72	18.44	12.97	11.97
Normalized Net Income Margin	12.9	15.89	13.57	9.06	8.03
Levered Free Cash Flow Margin	40.7	-5.24	8.61	-4.54	48.81
Unlevered Free Cash Flow Margin	40.7	-5.24	8.61	-4.54	48.81
Asset Turnover
Asset Turnover	0.2	0.19	0.2	0.2	0.23
Fixed Assets Turnover	14.54	12.8	13.87	16.86	16.86
Receivables Turnover (Average Receivables)	4.01	3.83	4.01	3.94	4.58
Short Term Liquidity
Current Ratio	0.75	0.81	0.63	0.66	0.83
Quick Ratio	0.22	0.39	0.15	0.18	0.47
Operating Cash Flow to Current Liabilities	0.01	0.07	-0.01	0	-0.03
Days Sales Outstanding (Average Receivables)	91.11	95.63	91.08	92.72	79.77
Average Days Payable Outstanding	1.38K	1.7K	1.5K	1.52K	678.83
Long Term Solvency
Total Debt/Equity	0.72	9.09	1.05	1.67	4.37
Total Debt / Total Capital	0.71	8.33	1.04	1.64	4.19
LT Debt/Equity	-	0.97	0.9	1.07	0.8
Long-Term Debt / Total Capital	-	0.88	0.89	1.05	0.76
Total Liabilities / Total Assets	72.46	71.62	71.66	72.22	69.31
Total Debt / EBITDA	0.04	0.49	0.06	0.15	0.39
Net Debt / EBITDA	-0.05	0.15	-0.09	-0	0.2
Total Debt / (EBITDA - Capex)	0.05	0.52	0.07	0.15	0.42
Net Debt / (EBITDA - Capex)	-0.06	0.16	-0.09	-0	0.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-13.5	-4.41	3.33	-1.02	6.06
Gross Profit, 1 Yr. Growth %	9.39	17.3	-9.42	-12.77	444.36
EBITDA, 1 Yr. Growth %	9.31	16.44	-11.22	-32.97	-3.03
EBITA, 1 Yr. Growth %	9.19	17.76	-10.71	-34.26	-2.48
EBIT, 1 Yr. Growth %	9.19	17.76	-10.71	-33.87	-2.97
Earnings From Cont. Operations, 1 Yr. Growth %	8.6	24.97	-6.92	-30.35	11.9
Net Income, 1 Yr. Growth %	8.6	24.97	-6.92	-30.35	11.9
Normalized Net Income, 1 Yr. Growth %	9.19	17.76	-10.71	-33.87	5.71
Diluted EPS Before Extra, 1 Yr. Growth %	8.6	24.97	-6.92	-30.36	11.9
Net Property, Plant and Equip., 1 Yr. Growth %