SIC Insurance Balance Sheet

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

Millions GHS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Equity & Preferred Securities	252	242.49	264.19	165.44	135.35	142.65
Other Investments	13.16	315.86	184.47	0.27	0.27	0.22
Total Investments	386.02	626.22	514.1	244.22	169.03	242.26
Cash & Equivalents	449.61	122.95	92.47	256.1	178.88	125.35
Reinsurance Recoverable	43.01	-4.9	62.29	5.97	59.81	48.9
Other Receivables	16.46	49.34	82.84	53.87	151.14	51.53
Property, Plant & Equipment	256.09	317.98	150.85	138.43	147.06	91.24
Other Intangible Assets	0	0.07	0.14	0.22	0.27	0.59
Restricted Cash	9.02	-	-	7.44	6.13	5.43
Other Current Assets	3.99	4.06	-2.86	1.43	1.84	1.56
Total Assets	1,164	1,116	899.83	707.68	714.16	566.86
Accounts Payable	71.7	119.34	66.53	70.9	45	43.1
Accrued Expenses	0.45	3.22	1.15	1.55	9.72	6.33
Insurance & Annuity Liabilities	147.04	97.18	100.77	96.01	-	-
Unpaid Claims	74.03	58.99	60.57	42.72	35.59	39.64
Unearned Premiums	23.42	-	-	-	121.72	94.4
Reinsurance Payable	-	-	-	-	26.49	28.64
Current Portion of Long-Term Debt	-	-	14.65	14.46	14.8	-
Current Portion of Leases	2.87	0.63	1.73	2.09	1.22	2.18
Short-Term Debt	-	-	-	-	2.32	4.59
Current Income Taxes Payable	4.58	24.45	10.23	5.15	33.67	4.59
Long-Term Leases	-	4.14	4.79	2.37	2.72	2.34
Long-Term Deferred Tax Liabilities	96.4	96.21	61.42	46.94	42.41	51.39
Other Long-Term Liabilities	-	-	0	-	-	-
Total Liabilities	439.94	445.35	421.35	309.24	351.19	289.09
Common Stock	25	25	25	25	25	25
Retained Earnings	267.22	213.09	169.35	155.86	140.81	84
Comprehensive Income & Other	432.05	418.18	269.7	202.46	182.45	154.63
Total Common Equity	724.27	656.27	464.04	383.32	348.27	263.63
Minority Interest	-	14.11	14.44	15.12	14.7	14.14
Shareholders' Equity	724.27	670.38	478.48	398.44	362.97	277.76
Total Liabilities & Equity	1,164	1,116	899.83	707.68	714.16	566.86
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	2.87	4.76	21.17	18.92	21.07	9.11
Net Cash (Debt)	446.75	118.19	71.31	237.17	157.8	116.24
Net Cash Growth	526.52%	65.75%	-69.94%	50.30%	35.75%	22.18%
Net Cash Per Share	2.28	0.60	0.36	1.21	0.81	0.59
Book Value Per Share	3.70	3.35	2.37	1.96	1.78	1.35
Tangible Book Value	724.27	656.2	463.9	383.1	348	263.04
Tangible Book Value Per Share	3.70	3.35	2.37	1.96	1.78	1.34
Land	7.34	7.34	4.38	4.38	4.38	10.97
Buildings	259.29	320.75	159.72	144.16	142.94	81.57
Machinery	45.45	46.67	33.43	29.86	27.11	21.02
Construction In Progress	3.28	3.28	3.28	3.28	3.28	3.28

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.