SIC Insurance PLC (GHSE: SIC)

SIC Insurance Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Equity & Preferred Securities	264.19	264.19	165.44	135.35	142.65	145.28
Other Investments	0.21	0.21	0.27	0.27	0.22	0.21
Total Investments	329.84	329.84	244.22	169.03	242.26	244.88
Cash & Equivalents	269.21	269.21	256.1	178.88	125.35	108.06
Reinsurance Recoverable	7.13	7.13	5.97	59.81	48.9	52.88
Other Receivables	82.84	82.84	53.87	151.14	51.53	46.59
Property, Plant & Equipment	150.85	150.85	138.43	147.06	91.24	93.39
Other Intangible Assets	0.14	0.14	0.22	0.27	0.59	0.71
Restricted Cash	7.52	7.52	7.44	6.13	5.43	2.19
Other Current Assets	52.3	52.3	1.43	1.84	1.56	2.25
Total Assets	899.83	899.83	707.68	714.16	566.86	550.95
Accounts Payable	66.53	66.53	70.9	45	43.1	54.36
Accrued Expenses	1.15	1.15	1.55	9.72	6.33	7.14
Insurance & Annuity Liabilities	100.77	100.77	96.01	-	-	-
Unpaid Claims	60.57	60.57	42.72	35.59	39.64	33.47
Unearned Premiums	-	-	-	121.72	94.4	90.39
Reinsurance Payable	-	-	-	26.49	28.64	27.54
Current Portion of Long-Term Debt	14.65	14.65	14.46	14.8	-	-
Current Portion of Leases	1.73	1.73	2.09	1.22	2.18	-
Short-Term Debt	-	-	-	2.32	4.59	12.92
Current Income Taxes Payable	10.23	10.23	5.15	33.67	4.59	2.13
Long-Term Leases	4.79	4.79	2.37	2.72	2.34	-
Long-Term Deferred Tax Liabilities	61.42	61.42	46.94	42.41	51.39	58.39
Other Long-Term Liabilities	0	0	-	-	-	-
Total Liabilities	421.35	421.35	309.24	351.19	289.09	297.62
Common Stock	25	25	25	25	25	25
Retained Earnings	169.35	169.35	155.86	140.81	84	71.61
Comprehensive Income & Other	269.7	269.7	202.46	182.45	154.63	147.76
Total Common Equity	464.04	464.04	383.32	348.27	263.63	244.37
Minority Interest	14.44	14.44	15.12	14.7	14.14	8.96
Shareholders' Equity	478.48	478.48	398.44	362.97	277.76	253.33
Total Liabilities & Equity	899.83	899.83	707.68	714.16	566.86	550.95
Filing Date Shares Outstanding	195.65	195.65	195.65	195.65	195.65	195.65
Total Common Shares Outstanding	195.65	195.65	195.65	195.65	195.65	195.65
Total Debt	21.17	21.17	18.92	21.07	9.11	12.92
Net Cash (Debt)	248.04	248.04	237.17	157.8	116.24	95.14
Net Cash Growth	113.38%	4.58%	50.30%	35.76%	22.18%	49.52%
Net Cash Per Share	1.27	1.27	1.21	0.81	0.59	0.49
Book Value Per Share	2.37	2.37	1.96	1.78	1.35	1.25
Tangible Book Value	463.9	463.9	383.1	348	263.04	243.65
Tangible Book Value Per Share	2.37	2.37	1.96	1.78	1.34	1.25
Land	4.38	4.38	4.38	4.38	10.97	10.97
Buildings	159.72	159.72	144.16	142.94	81.57	81.57
Machinery	33.43	33.43	29.86	27.11	21.02	21.06
Construction In Progress	3.28	3.28	3.28	3.28	3.28	2.79

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