Northern Islami Insurance Limited (DSE: NORTHRNINS)

Northern Islami Insurance 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
Investments in Debt Securities	-	203.21	241.67	233.79	221.43	50
Investments in Equity & Preferred Securities	-	0.15	0.13	0.15	0.1	0.05
Total Investments	212.44	203.36	241.8	233.93	221.54	50.05
Cash & Equivalents	1,140	989.82	771.58	577.08	480.57	394.63
Reinsurance Recoverable	514.03	509.01	497.31	404.11	392.41	393.99
Other Receivables	10.4	5.63	6.57	6.59	5.73	4.55
Property, Plant & Equipment	372.56	380.6	386.3	291.35	296.9	308.25
Other Intangible Assets	-	0.19	0.15	0.07	0.11	0.17
Other Current Assets	488.69	529.8	415.27	385.94	349.82	307.38
Other Long-Term Assets	2.25	25	-	-	0.77	25.39
Total Assets	2,740	2,643	2,319	1,899	1,748	1,484
Accrued Expenses	-	23.89	22.18	39.63	29.55	36.18
Insurance & Annuity Liabilities	247.25	235.44	279.96	228.8	225.66	150.8
Unpaid Claims	568.6	520.25	308.22	152.88	67.27	48.47
Unearned Premiums	181.81	197.21	144.12	40.27	28.82	19.21
Reinsurance Payable	195.25	186.05	147.23	165.05	171.27	52.46
Current Income Taxes Payable	-	322.48	297.48	283.8	270.46	255.43
Long-Term Deferred Tax Liabilities	108.16	109.15	112.61	77.96	78.17	78.82
Other Current Liabilities	7.93	12.98	11.65	7.88	6.23	4.42
Other Long-Term Liabilities	363.24	5.79	5.79	5.79	5.79	5.79
Total Liabilities	1,672	1,620	1,331	1,003	884.62	652.83
Common Stock	426.6	426.6	426.6	426.6	426.6	426.6
Retained Earnings	641.66	596.74	561.48	469.04	436.63	404.99
Shareholders' Equity	1,068	1,023	988.08	895.64	863.23	831.59
Total Liabilities & Equity	2,740	2,643	2,319	1,899	1,748	1,484
Filing Date Shares Outstanding	42.66	42.66	42.66	42.66	42.66	42.66
Total Common Shares Outstanding	42.66	42.66	42.66	42.66	42.66	42.66
Net Cash (Debt)	1,140	989.82	771.58	577.08	480.57	394.63
Net Cash Growth	25.76%	28.29%	33.70%	20.08%	21.78%	31.03%
Net Cash Per Share	26.73	23.20	18.09	13.53	11.27	9.25
Book Value Per Share	25.04	23.99	23.16	21.00	20.24	19.49
Tangible Book Value	1,068	1,023	987.93	895.57	863.12	831.42
Tangible Book Value Per Share	25.04	23.98	23.16	20.99	20.23	19.49
Machinery	-	142.23	128.95	111.22	105.58	101.59

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