Mercantile Islami Insurance PLC (DSE: MERCINS)

MERCINS 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	35	35	35	35	25	25
Other Investments	259.27	385.43	369.6	261.83	72.8	87.19
Total Investments	294.27	420.43	404.6	296.83	97.8	112.19
Cash & Equivalents	1,179	1,196	1,153	1,193	1,128	953.52
Reinsurance Recoverable	805.59	678.79	725.9	811.01	915.69	912.97
Other Receivables	41.05	9.64	8.65	7.36	6.87	6.23
Property, Plant & Equipment	44.02	46.32	53.12	30.92	27.98	31.09
Other Current Assets	128.63	152.05	133.06	79.75	62.84	147.42
Long-Term Deferred Tax Assets	9.49	5.57	1.33	0.9	1	1.14
Other Long-Term Assets	-	-	-0	-	-	-
Total Assets	2,502	2,509	2,480	2,420	2,240	2,165
Accrued Expenses	-	3.54	3.33	4.2	2.59	6.4
Insurance & Annuity Liabilities	121.5	157.16	158.31	148.49	113.97	95.59
Unpaid Claims	209.04	195.24	174.83	160	140	157
Unearned Premiums	67.03	64.02	56.47	58.74	35.63	14.43
Reinsurance Payable	1,089	1,084	1,046	1,079	1,053	940.9
Current Income Taxes Payable	-	108.95	106.69	81.68	53.38	142.09
Long-Term Leases	9.87	9.64	11.59	-	-	-
Other Current Liabilities	-	-	-	-	3.53	9.39
Other Long-Term Liabilities	166.39	21.7	21.44	8.62	16.91	9.98
Total Liabilities	1,662	1,657	1,584	1,542	1,419	1,376
Common Stock	430.95	430.95	430.95	430.95	430.95	430.95
Additional Paid-In Capital	74.81	74.81	74.81	74.81	74.81	74.81
Retained Earnings	328.99	341.45	402.79	361.8	315.41	282.76
Comprehensive Income & Other	4.93	4	-13.13	10.83	-	-
Shareholders' Equity	839.69	851.21	895.43	878.4	821.18	788.53
Total Liabilities & Equity	2,502	2,509	2,480	2,420	2,240	2,165
Filing Date Shares Outstanding	43.1	43.1	43.1	43.1	43.1	43.03
Total Common Shares Outstanding	43.1	43.1	43.1	43.1	43.1	43.03
Total Debt	9.87	9.64	11.59	-	-	-
Net Cash (Debt)	1,169	1,186	1,141	1,193	1,128	953.52
Net Cash Growth	0.50%	3.91%	-4.33%	5.75%	18.33%	1.50%
Net Cash Per Share	27.13	27.52	26.49	27.69	26.18	22.13
Book Value Per Share	19.48	19.75	20.78	20.38	19.05	18.33
Tangible Book Value	839.69	851.21	895.43	878.4	821.18	788.53
Tangible Book Value Per Share	19.48	19.75	20.78	20.38	19.05	18.33
Buildings	-	6.18	6.18	6.18	6.18	6.18
Machinery	-	89.52	88.18	69.86	63.51	62.79

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