SIC Insurance Balance Sheet

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

Millions GHS. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Equity & Preferred Securities	259.11	242.49	264.19	165.44	135.35
Other Investments	13.3	315.86	184.47	0.27	0.27
Total Investments	393.28	626.22	514.1	244.22	169.03
Cash & Equivalents	421.82	122.95	92.47	256.1	178.88
Reinsurance Recoverable	33.49	-4.9	62.29	5.97	59.81
Other Receivables	29.13	49.34	82.84	53.87	151.14
Property, Plant & Equipment	253.89	317.98	150.85	138.43	147.06
Other Intangible Assets	-	0.07	0.14	0.22	0.27
Restricted Cash	9.23	-	-	7.44	6.13
Other Current Assets	3.99	4.06	-2.86	1.43	1.84
Total Assets	1,145	1,116	899.83	707.68	714.16
Accounts Payable	90.22	119.34	66.53	70.9	45
Accrued Expenses	0.35	3.22	1.15	1.55	9.72
Insurance & Annuity Liabilities	38.2	97.18	100.77	96.01	-
Unpaid Claims	66.39	58.99	60.57	42.72	35.59
Unearned Premiums	-	-	-	-	121.72
Reinsurance Payable	-	-	-	-	26.49
Current Portion of Long-Term Debt	-	-	14.65	14.46	14.8
Current Portion of Leases	2.46	0.63	1.73	2.09	1.22
Short-Term Debt	-	-	-	-	2.32
Current Income Taxes Payable	1.61	24.45	10.23	5.15	33.67
Long-Term Leases	-	4.14	4.79	2.37	2.72
Long-Term Deferred Tax Liabilities	96.4	96.21	61.42	46.94	42.41
Other Long-Term Liabilities	0	-	0	-	-
Total Liabilities	391.23	445.35	421.35	309.24	351.19
Common Stock	25	25	25	25	25
Retained Earnings	289.29	213.09	169.35	155.86	140.81
Comprehensive Income & Other	439.31	418.18	269.7	202.46	182.45
Total Common Equity	753.6	656.27	464.04	383.32	348.27
Minority Interest	-	14.11	14.44	15.12	14.7
Shareholders' Equity	753.6	670.38	478.48	398.44	362.97
Total Liabilities & Equity	1,145	1,116	899.83	707.68	714.16
Filing Date Shares Outstanding	195.65	195.65	195.65	195.65	195.65
Total Common Shares Outstanding	195.65	195.65	195.65	195.65	195.65
Total Debt	2.46	4.76	21.17	18.92	21.07
Net Cash (Debt)	419.36	118.19	71.31	237.17	157.8
Net Cash Growth	254.82%	65.75%	-69.94%	50.30%	35.75%
Net Cash Per Share	2.14	0.60	0.36	1.21	0.81
Book Value Per Share	3.85	3.35	2.37	1.96	1.78
Tangible Book Value	753.6	656.2	463.9	383.1	348
Tangible Book Value Per Share	3.85	3.35	2.37	1.96	1.78
Land	7.34	7.34	4.38	4.38	4.38
Buildings	259.29	320.75	159.72	144.16	142.94
Machinery	47.07	46.67	33.43	29.86	27.11
Construction In Progress	3.28	3.28	3.28	3.28	3.28

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.