Union Assurance PLC (COSE: UAL.N0000)

Union Assurance Balance Sheet

Financials in millions LKR. 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	44,658	74,251	58,781	46,972	40,243	36,434
Investments in Equity & Preferred Securities	2,175	2,046	1,703	1,513	1,387	1,246
Policy Loans	2,532	2,368	2,118	1,932	1,793	1,556
Other Investments	23,727	278.57	2,239	6,276	7,039	5,103
Total Investments	78,882	87,834	68,277	62,774	55,537	47,683
Cash & Equivalents	654.33	839.48	952.33	969.75	960.27	632.96
Reinsurance Recoverable	484.59	447.56	556.99	969.45	492.01	502.98
Other Receivables	14,581	1,447	1,284	979.93	1,094	1,349
Property, Plant & Equipment	3,419	3,425	3,215	3,168	2,687	2,797
Other Intangible Assets	972.83	1,131	1,311	1,546	1,247	1,307
Other Current Assets	-	546.66	371.91	354.8	583.53	448.32
Long-Term Deferred Tax Assets	-	-	-	-	-	528.61
Total Assets	98,994	95,670	75,969	70,762	62,600	55,249
Accrued Expenses	-	1,675	1,554	1,129	776.41	502.98
Insurance & Annuity Liabilities	72,045	64,565	54,912	48,480	41,501	35,255
Unpaid Claims	565.07	533.02	552.38	465.45	380.4	286.3
Unearned Premiums	-	0.83	1.73	3.32	6.46	22.93
Reinsurance Payable	487.19	365.03	636.15	1,038	533.02	812.93
Current Portion of Leases	-	147.54	140.93	128.94	115	106.41
Short-Term Debt	153.41	122.56	228.48	249.33	160.81	168.43
Current Income Taxes Payable	-55.07	-55.07	-33.92	-27.16	-	-51.06
Long-Term Leases	433.91	275	307.79	292.36	117.26	182.77
Separate Account Liability	732.16	718.69	746.48	916.19	1,062	1,246
Other Current Liabilities	-	1,267	1,119	931.59	760.24	698.51
Other Long-Term Liabilities	3,851	1,734	1,323	1,479	1,903	1,222
Total Liabilities	78,413	71,509	61,755	55,307	47,492	40,586
Common Stock	1,000	1,000	1,000	1,000	1,000	1,000
Retained Earnings	12,890	17,187	13,425	11,970	10,738	10,992
Comprensive Income & Other	6,691	5,974	-210.98	2,485	3,371	2,671
Shareholders' Equity	20,581	24,161	14,214	15,455	15,108	14,663
Total Liabilities & Equity	98,994	95,670	75,969	70,762	62,600	55,249
Filing Date Shares Outstanding	589.29	589.29	589.29	589.29	589.29	589.29
Total Common Shares Outstanding	589.29	589.29	589.29	589.29	589.29	589.29
Total Debt	587.33	545.1	677.2	670.63	393.06	457.6
Net Cash (Debt)	67.01	294.38	275.13	299.12	567.21	175.36
Net Cash Growth	-77.03%	6.99%	-8.02%	-47.27%	223.46%	-61.26%
Net Cash Per Share	0.11	0.50	0.47	0.51	0.96	0.30
Book Value Per Share	34.93	41.00	24.12	26.23	25.64	24.88
Tangible Book Value	19,608	23,030	12,903	13,910	13,861	13,356
Tangible Book Value Per Share	33.27	39.08	21.90	23.60	23.52	22.66
Land	-	2,191	2,055	2,055	1,894	1,894
Buildings	-	540.3	392.96	392.96	379.98	371.48
Machinery	-	1,349	1,285	1,173	1,001	1,014

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