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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	-	5,355	4,795	4,837	4,455	3,631
Investments in Equity & Preferred Securities	-	-	-	22.12	22.32	15.86
Other Investments	7,904	2,736	1,318	700.86	906.09	440.12
Total Investments	8,493	8,362	9,052	9,006	7,700	5,027
Cash & Equivalents	37.29	20.34	17.79	38.77	14.56	35.86
Reinsurance Recoverable	3,650	2,984	3,345	6,612	6,658	5,417
Other Receivables	101.27	42.88	53.09	3,325	4,801	4,603
Deferred Policy Acquisition Cost	-	-	-	127.7	130.99	102.93
Property, Plant & Equipment	63.96	51.82	29.46	64.5	72.58	81.95
Other Intangible Assets	109.71	118.97	105.83	85.12	65.89	44.7
Other Current Assets	9.8	23.33	19.07	73.72	743.81	19.93
Long-Term Deferred Tax Assets	2,331	2,570	2,506	2,068	1,292	540.69
Other Long-Term Assets	1,213	1,313	1,307	1,273	1,011	1,629
Total Assets	16,009	15,486	16,436	22,674	22,490	17,501
Accounts Payable	26.13	20.72	34.3	9.57	32.22	101.69
Accrued Expenses	126.03	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	78.96	89.99	90.46	3,215	3,879	3,474
Reinsurance Payable	9,851	9,834	10,388	1,892	2,389	1,444
Current Portion of Long-Term Debt	-	3.74	466.9	10.35	4.16	-
Current Portion of Leases	2.89	1.85	1.94	1.26	2.24	-
Current Income Taxes Payable	99.63	73.38	31.47	35.28	107.04	29.66
Long-Term Debt	478.48	542.47	440.71	819.11	816.48	-
Long-Term Leases	19.65	23.05	19.72	4.43	7.27	10.42
Other Current Liabilities	41.34	26.76	23.32	9.97	26.88	-
Other Long-Term Liabilities	130.75	113.64	136.41	154.61	56.67	541.66
Total Liabilities	11,224	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	264.36	-359.03	-215.7	148.67	832.75	2,195
Treasury Stock	-283.76	-283.76	-283.76	-283.76	-283.76	-12.2
Comprehensive Income & Other	-648.34	-552.9	-612.15	-484.63	1,912	-191.07
Shareholders' Equity	4,785	4,257	4,341	3,634	4,415	3,945
Total Liabilities & Equity	16,009	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	512.46	571.11	929.27	835.14	830.14	10.42
Net Cash (Debt)	-475.17	-550.77	-911.48	-796.37	-815.58	25.45
Net Cash Growth	-	-	-	-	-	-41.00%
Net Cash Per Share	-5.81	-6.73	-21.78	-19.03	-19.49	0.82
Book Value Per Share	58.47	52.02	53.03	86.86	105.51	127.09
Tangible Book Value	4,676	4,138	4,236	3,549	4,349	3,900
Tangible Book Value Per Share	57.13	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.