Sanlam Maroc Balance Sheet

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Equity & Preferred Securities	131.45	132	134.49	125.27	127.57
Other Investments	15,299	14,186	13,362	14,137	1,631
Total Investments	16,775	15,760	14,887	15,762	14,181
Cash & Equivalents	371.49	424.93	514.9	366.13	250
Reinsurance Recoverable	322.49	77.8	173.67	145	343.3
Other Receivables	3,645	3,343	3,038	2,914	2,884
Separate Account Assets	1,324	1,163	1,010	955.29	860.62
Property, Plant & Equipment	283.12	243.05	260.43	300.24	254.43
Goodwill	1,225	1,225	1,225	1,225	1,225
Other Intangible Assets	169	174.65	187.66	187.01	201.7
Other Current Assets	1,233	1,225	1,380	1,374	1,690
Long-Term Deferred Tax Assets	41.29	40.98	39.13	60.39	315.29
Other Long-Term Assets	-	25.96	138.63	5.67	98.39
Total Assets	25,388	23,703	22,855	23,294	22,304
Accrued Expenses	458.35	312.35	297.47	338.35	266.05
Insurance & Annuity Liabilities	16,072	15,770	14,988	15,075	14,671
Reinsurance Payable	532.87	139.67	417.05	436.66	508.51
Short-Term Debt	567.28	467.83	599.39	485.47	186.63
Current Income Taxes Payable	269.9	177.36	166.08	153.63	185.59
Long-Term Debt	7.78	10.33	26.45	26.45	25.32
Long-Term Leases	29.83	28.5	16.64	9.44	-
Long-Term Deferred Tax Liabilities	1,016	814.84	703.94	866.54	743.4
Other Long-Term Liabilities	613.16	532.9	599.52	601.48	985.86
Total Liabilities	19,567	18,254	17,815	17,993	17,572
Common Stock	411.69	411.69	411.69	411.69	411.69
Additional Paid-In Capital	1,170	1,170	1,170	1,170	1,170
Retained Earnings	680.46	559.43	-70.18	606.86	198.17
Comprehensive Income & Other	3,559	3,308	3,528	3,113	2,951
Total Common Equity	5,821	5,449	5,040	5,301	4,731
Minority Interest	0.04	0.04	0.04	0.05	0.05
Shareholders' Equity	5,821	5,449	5,040	5,301	4,731
Total Liabilities & Equity	25,388	23,703	22,855	23,294	22,304
Filing Date Shares Outstanding	4.12	4.12	4.12	4.12	4.12
Total Common Shares Outstanding	4.12	4.12	4.12	4.12	4.12
Total Debt	604.89	506.67	642.48	521.36	211.95
Net Cash (Debt)	-233.41	-81.74	-127.58	-155.23	38.06
Net Cash Growth	-	-	-	-	-81.75%
Net Cash Per Share	-56.70	-19.85	-30.99	-37.70	9.24
Book Value Per Share	1414.04	1323.60	1224.17	1287.63	1149.22
Tangible Book Value	4,428	4,050	3,628	3,889	3,305
Tangible Book Value Per Share	1075.54	983.74	881.14	944.76	802.78
Land	178.03	178.03	178.03	182.08	-
Buildings	207.89	207.89	220.48	240.63	-
Machinery	469.46	458.55	537.14	574.56	-
Construction In Progress	1.8	0.91	7.99	0.95	-

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.