Sanlam Maroc (CBSE: SAH)

Sanlam Maroc Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Equity & Preferred Securities	132	132	134.49	125.27	127.57	123.94
Other Investments	14,186	14,186	13,362	14,137	1,631	1,144
Total Investments	15,760	15,760	14,887	15,762	14,181	13,736
Cash & Equivalents	424.93	424.93	514.9	366.13	250	326.51
Reinsurance Recoverable	77.8	77.8	173.67	145	343.3	253.49
Other Receivables	3,343	3,343	3,038	2,914	2,884	2,757
Separate Account Assets	1,163	1,163	1,010	955.29	860.62	842.02
Property, Plant & Equipment	243.05	243.05	260.43	300.24	254.43	370.13
Goodwill	1,225	1,225	1,225	1,225	1,225	1,225
Other Intangible Assets	174.65	174.65	187.66	187.01	201.7	208.69
Other Current Assets	1,225	1,225	1,380	1,374	1,690	1,751
Long-Term Deferred Tax Assets	40.98	40.98	39.13	60.39	315.29	196.88
Other Long-Term Assets	25.96	25.96	138.63	5.67	98.39	19.58
Total Assets	23,703	23,703	22,855	23,294	22,304	21,685
Accrued Expenses	312.35	312.35	297.47	338.35	266.05	252.64
Insurance & Annuity Liabilities	15,770	15,770	14,988	15,075	14,671	14,602
Reinsurance Payable	139.67	139.67	417.05	436.66	508.51	300.7
Short-Term Debt	467.83	467.83	599.39	485.47	186.63	86.54
Current Income Taxes Payable	177.36	177.36	166.08	153.63	185.59	286.97
Long-Term Debt	10.33	10.33	26.45	26.45	25.32	31.43
Long-Term Leases	28.5	28.5	16.64	9.44	-	-
Long-Term Deferred Tax Liabilities	814.84	814.84	703.94	866.54	743.4	693.76
Other Long-Term Liabilities	532.9	532.9	599.52	601.48	985.86	827.51
Total Liabilities	18,254	18,254	17,815	17,993	17,572	17,081
Common Stock	411.69	411.69	411.69	411.69	411.69	411.69
Additional Paid-In Capital	1,170	1,170	1,170	1,170	1,170	1,170
Retained Earnings	559.43	559.43	-70.18	606.86	198.17	446.57
Comprehensive Income & Other	3,308	3,308	3,528	3,113	2,951	2,575
Total Common Equity	5,449	5,449	5,040	5,301	4,731	4,603
Minority Interest	0.04	0.04	0.04	0.05	0.05	0.05
Shareholders' Equity	5,449	5,449	5,040	5,301	4,731	4,603
Total Liabilities & Equity	23,703	23,703	22,855	23,294	22,304	21,685
Filing Date Shares Outstanding	4.12	4.12	4.12	4.12	4.12	4.12
Total Common Shares Outstanding	4.12	4.12	4.12	4.12	4.12	4.12
Total Debt	506.67	506.67	642.48	521.36	211.95	117.97
Net Cash (Debt)	-81.74	-81.74	-127.58	-155.23	38.06	208.54
Net Cash Growth	-	-	-	-	-81.75%	188.00%
Net Cash Per Share	-19.85	-19.85	-30.99	-37.70	9.24	50.66
Book Value Per Share	1323.60	1323.60	1224.17	1287.63	1149.22	1118.15
Tangible Book Value	4,050	4,050	3,628	3,889	3,305	3,170
Tangible Book Value Per Share	983.74	983.74	881.14	944.76	802.78	770.02
Land	178.03	178.03	178.03	182.08	-	-
Buildings	207.89	207.89	220.48	240.63	-	-
Machinery	458.55	458.55	537.14	574.56	-	-
Construction In Progress	0.91	0.91	7.99	0.95	-	-

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