IRB-Brasil Resseguros S.A. (BVMF: IRBR3)

IRB-Brasil Resseguros Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	4,774	5,355	4,795	4,837	4,455	3,631
Investments in Equity & Preferred Securities	-	-	-	22.12	22.32	15.86
Other Investments	4,047	2,736	1,318	700.86	906.09	440.12
Total Investments	9,078	8,362	9,052	9,006	7,700	5,027
Cash & Equivalents	83.29	20.34	17.79	38.77	14.56	35.86
Reinsurance Recoverable	3,055	2,984	3,345	6,612	6,658	5,417
Other Receivables	76.63	42.88	53.09	3,325	4,801	4,603
Deferred Policy Acquisition Cost	-	-	-	127.7	130.99	102.93
Property, Plant & Equipment	59.3	51.82	29.46	64.5	72.58	81.95
Other Intangible Assets	112.78	118.97	105.83	85.12	65.89	44.7
Other Current Assets	11.05	23.33	19.07	73.72	743.81	19.93
Long-Term Deferred Tax Assets	2,433	2,570	2,506	2,068	1,292	540.69
Other Long-Term Assets	1,074	1,313	1,307	1,273	1,011	1,629
Total Assets	15,982	15,486	16,436	22,674	22,490	17,501
Accounts Payable	15.43	20.72	34.3	9.57	32.22	101.69
Accrued Expenses	107.53	135.77	91.51	249.67	310.03	226.48
Insurance & Annuity Liabilities	-	-	-	225.17	211.9	235.14
Unpaid Claims	-	-	-	11,998	9,758	7,060
Unearned Premiums	249.04	89.99	90.46	3,215	3,879	3,474
Reinsurance Payable	9,898	9,834	10,388	1,892	2,389	1,444
Current Portion of Long-Term Debt	3.19	3.74	466.9	10.35	4.16	-
Current Portion of Leases	2.52	1.85	1.94	1.26	2.24	-
Current Income Taxes Payable	90.64	73.38	31.47	35.28	107.04	29.66
Long-Term Debt	475.15	542.47	440.71	819.11	816.48	-
Long-Term Leases	21.61	23.05	19.72	4.43	7.27	10.42
Other Current Liabilities	27.95	26.76	23.32	9.97	26.88	-
Other Long-Term Liabilities	136.23	113.64	136.41	154.61	56.67	541.66
Total Liabilities	11,393	11,229	12,095	19,040	18,076	13,556
Common Stock	5,453	5,453	5,453	4,253	1,953	1,953
Additional Paid-In Capital	-	-	-	1.01	1.01	-
Retained Earnings	71.9	-359.03	-215.7	148.67	832.75	2,195
Treasury Stock	-283.76	-283.76	-283.76	-283.76	-283.76	-12.2
Comprensive Income & Other	-652.48	-552.9	-612.15	-484.63	1,912	-191.07
Shareholders' Equity	4,589	4,257	4,341	3,634	4,415	3,945
Total Liabilities & Equity	15,982	15,486	16,436	22,674	22,490	17,501
Filing Date Shares Outstanding	81.84	81.84	81.87	41.84	41.84	31.04
Total Common Shares Outstanding	81.84	81.84	81.87	41.84	41.84	31.04
Total Debt	502.48	571.11	929.27	835.14	830.14	10.42
Net Cash (Debt)	-419.19	-550.77	-911.48	-796.37	-815.58	25.45
Net Cash Growth	-	-	-	-	-	-41.00%
Net Cash Per Share	-5.12	-6.73	-21.78	-19.03	-19.49	0.82
Book Value Per Share	56.07	52.02	53.03	86.86	105.51	127.09
Tangible Book Value	4,476	4,138	4,236	3,549	4,349	3,900
Tangible Book Value Per Share	54.69	50.57	51.74	84.82	103.93	125.65
Land	-	-	-	66.77	66.49	66.52
Machinery	-	34.68	30.22	49.87	47.97	76.24

Source: S&P Capital IQ. Insurance template. Financial Sources.