LOLC General Insurance Balance Sheet

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

Millions LKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Investments in Debt Securities	-	10,562	7,575	4,919	5,063	3,210
Investments in Equity & Preferred Securities	115.91	28.37	67.77	67.58	-	-
Other Investments	13,176	2,307	1,427	2,035	833.01	1,531
Total Investments	13,292	12,947	9,070	8,511	6,785	5,044
Cash & Equivalents	1,101	823.87	467.76	335.99	106.39	67.44
Reinsurance Recoverable	3,961	2,908	1,532	1,083	1,312	1,528
Other Receivables	2,965	2,221	2,111	1,348	1,151	984.65
Deferred Policy Acquisition Cost	271.4	252.45	221.89	169.67	172.42	130.43
Property, Plant & Equipment	539.78	349.28	327.68	353.07	271.42	257.2
Other Intangible Assets	14.42	11.94	8.62	18.25	25.81	31.98
Other Current Assets	-	85.59	99	86.05	45.34	30.45
Long-Term Deferred Tax Assets	-	-	613.88	93.03	22.53	66.58
Other Long-Term Assets	410.78	9.14	11.2	2.35	0.44	1.76
Total Assets	22,555	19,609	14,463	12,001	9,891	8,143
Accrued Expenses	-	419.49	342.74	168.94	133.74	108.09
Insurance & Annuity Liabilities	-	212.11	220.87	131.75	108.51	89.68
Unpaid Claims	5,354	4,147	2,653	2,076	1,615	1,971
Unearned Premiums	6,098	5,586	4,792	4,175	3,514	3,024
Reinsurance Payable	1,122	1,354	860.77	501.69	555.94	295.44
Current Portion of Leases	-	43.47	211.52	66.37	22.42	31.1
Short-Term Debt	34.35	229.08	2.83	0.99	-	3.26
Current Income Taxes Payable	596.76	529.47	662.23	191.96	398.7	185.45
Long-Term Debt	137.81	141.63	150.85	78.2	-	-
Long-Term Leases	290.95	107.15	113.07	271.16	231.46	171.87
Long-Term Deferred Tax Liabilities	30.98	30.98	-	-	-	-
Other Current Liabilities	1,606	628.59	342.97	289.29	201.05	308.01
Total Liabilities	15,333	13,487	10,406	7,997	6,828	6,225
Common Stock	800	800	800	800	700	700
Retained Earnings	5,615	5,073	4,395	3,391	2,290	1,181
Comprensive Income & Other	806.87	248.46	-1,138	-186.77	73.4	36.95
Shareholders' Equity	7,222	6,122	4,057	4,004	3,064	1,918
Total Liabilities & Equity	22,555	19,609	14,463	12,001	9,891	8,143
Filing Date Shares Outstanding	1,200	1,200	1,200	1,200	1,050	1,050
Total Common Shares Outstanding	1,200	1,200	1,200	1,200	1,050	1,050
Total Debt	463.11	521.33	478.27	416.72	253.88	206.24
Net Cash (Debt)	638.33	302.54	-10.51	-80.73	-147.49	-138.8
Net Cash Per Share	0.53	0.25	-0.01	-0.07	-0.12	-0.13
Book Value Per Share	6.02	5.10	3.38	3.34	2.92	1.83
Tangible Book Value	7,207	6,110	4,048	3,986	3,038	1,886
Tangible Book Value Per Share	6.01	5.09	3.37	3.32	2.89	1.80
Land	-	47	-	-	-	-
Buildings	-	42.04	-	-	-	-
Machinery	-	372.74	323.01	264	188.98	178.29

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