Eastern Insurance Company Limited (DSE: EASTERNINS)

Eastern Insurance Company Balance Sheet

Financials in millions BDT. 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
Cash & Equivalents	1,321	1,444	1,519	1,496	1,378	1,310
Reinsurance Recoverable	-	105.04	59.52	70.1	85.25	73.48
Other Receivables	-	197.14	151.38	74.08	128.09	38.75
Property, Plant & Equipment	258.15	260.8	260.04	263.31	271.5	247.77
Goodwill	-	280	280	280	280	280
Other Current Assets	-	141.59	121.39	146.55	83.3	132.41
Other Long-Term Assets	-	459.85	471.45	456.43	398.03	374
Total Assets	3,009	2,888	2,863	2,786	2,625	2,456
Accrued Expenses	-	0.8	0.6	0.53	0.73	0.59
Insurance & Annuity Liabilities	57.75	57.8	109.66	125.9	121.35	98.33
Unpaid Claims	-	116.94	101.25	83.41	70.73	64.79
Unearned Premiums	-	23.67	28.21	48.41	41.24	22.67
Reinsurance Payable	-	297.51	203.75	162.86	225.61	189.89
Current Income Taxes Payable	-	162.61	186.8	186.29	140.62	175.24
Long-Term Leases	-	10.81	6.37	6.09	10.22	0.06
Long-Term Deferred Tax Liabilities	-	0.43	0.41	0.64	0.21	0.02
Other Current Liabilities	731.82	10.94	9.63	8.4	10.17	70.51
Other Long-Term Liabilities	-0	39.28	43.29	50.51	71.14	2.29
Total Liabilities	789.57	723.52	691.55	674.15	696.03	625.94
Common Stock	431.1	431.1	431.1	431.1	431.1	431.1
Additional Paid-In Capital	356.69	356.69	356.69	356.69	356.69	356.69
Retained Earnings	968.65	913.36	920.16	861.01	677.54	579.28
Comprehensive Income & Other	463.26	463.26	463.26	463.26	463.26	463.26
Total Common Equity	2,220	2,164	2,171	2,112	1,929	1,830
Minority Interest	-	0	0	0	0	0
Shareholders' Equity	2,220	2,164	2,171	2,112	1,929	1,830
Total Liabilities & Equity	3,009	2,888	2,863	2,786	2,625	2,456
Filing Date Shares Outstanding	43.11	43.11	43.11	43.11	43.11	43.11
Total Common Shares Outstanding	43.11	43.11	43.11	43.11	43.11	43.11
Total Debt	-	10.81	6.37	6.09	10.22	0.06
Net Cash (Debt)	1,321	1,433	1,513	1,490	1,368	1,310
Net Cash Growth	-14.08%	-5.28%	1.54%	8.88%	4.46%	3.81%
Net Cash Per Share	30.64	33.23	35.09	34.55	31.74	30.38
Book Value Per Share	51.49	50.21	50.36	48.99	44.74	42.46
Tangible Book Value	2,220	1,884	1,891	1,832	1,649	1,550
Tangible Book Value Per Share	51.49	43.71	43.87	42.50	38.24	35.96
Land	-	226.88	226.88	226.88	226.88	226.88
Machinery	-	53.71	64.36	63.85	60.73	45.73

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