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	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Investments in Equity & Preferred Securities	244.51	242.49	264.19	165.44	135.35	142.65	Upgrade
Other Investments	13.16	315.86	184.47	0.27	0.27	0.22	Upgrade
Total Investments	378.54	626.22	514.1	244.22	169.03	242.26	Upgrade
Cash & Equivalents	421.04	122.95	92.47	256.1	178.88	125.35	Upgrade
Reinsurance Recoverable	31.57	11.31	7.13	5.97	59.81	48.9	Upgrade
Other Receivables	18.02	49.34	82.84	53.87	151.14	51.53	Upgrade
Property, Plant & Equipment	259.05	317.98	150.85	138.43	147.06	91.24	Upgrade
Other Intangible Assets	0.01	0.07	0.14	0.22	0.27	0.59	Upgrade
Restricted Cash	8.46	-	-	7.44	6.13	5.43	Upgrade
Other Current Assets	35.04	-12.14	52.3	1.43	1.84	1.56	Upgrade
Other Long-Term Assets	0	-	-	-	-	-	Upgrade
Total Assets	1,152	1,116	899.83	707.68	714.16	566.86	Upgrade
Accounts Payable	61.1	119.34	66.53	70.9	45	43.1	Upgrade
Accrued Expenses	-0.08	3.22	1.15	1.55	9.72	6.33	Upgrade
Insurance & Annuity Liabilities	176.57	97.18	100.77	96.01	-	-	Upgrade
Unpaid Claims	68.2	58.99	60.57	42.72	35.59	39.64	Upgrade
Unearned Premiums	-	-	-	-	121.72	94.4	Upgrade
Reinsurance Payable	-	-	-	-	26.49	28.64	Upgrade
Current Portion of Long-Term Debt	-	-	14.65	14.46	14.8	-	Upgrade
Current Portion of Leases	3.18	0.63	1.73	2.09	1.22	2.18	Upgrade
Short-Term Debt	-	-	-	-	2.32	4.59	Upgrade
Current Income Taxes Payable	2.16	24.45	10.23	5.15	33.67	4.59	Upgrade
Long-Term Leases	-	4.14	4.79	2.37	2.72	2.34	Upgrade
Long-Term Deferred Tax Liabilities	96.4	96.21	61.42	46.94	42.41	51.39	Upgrade
Other Long-Term Liabilities	0	-	0	-	-	-	Upgrade
Total Liabilities	450.4	445.35	421.35	309.24	351.19	289.09	Upgrade
Common Stock	25	25	25	25	25	25	Upgrade
Retained Earnings	251.75	213.09	169.35	155.86	140.81	84	Upgrade
Comprehensive Income & Other	424.57	418.18	269.7	202.46	182.45	154.63	Upgrade
Total Common Equity	701.32	656.27	464.04	383.32	348.27	263.63	Upgrade
Minority Interest	-	14.11	14.44	15.12	14.7	14.14	Upgrade
Shareholders' Equity	701.32	670.38	478.48	398.44	362.97	277.76	Upgrade
Total Liabilities & Equity	1,152	1,116	899.83	707.68	714.16	566.86	Upgrade
Filing Date Shares Outstanding	195.65	195.65	195.65	195.65	195.65	195.65	Upgrade
Total Common Shares Outstanding	195.65	195.65	195.65	195.65	195.65	195.65	Upgrade
Total Debt	3.18	4.76	21.17	18.92	21.07	9.11	Upgrade
Net Cash (Debt)	417.86	118.19	71.31	237.17	157.8	116.24	Upgrade
Net Cash Growth	76.18%	65.75%	-69.94%	50.30%	35.75%	22.18%	Upgrade
Net Cash Per Share	2.14	0.60	0.36	1.21	0.81	0.59	Upgrade
Book Value Per Share	3.58	3.35	2.37	1.96	1.78	1.35	Upgrade
Tangible Book Value	701.31	656.2	463.9	383.1	348	263.04	Upgrade
Tangible Book Value Per Share	3.58	3.35	2.37	1.96	1.78	1.34	Upgrade
Land	7.34	7.34	4.38	4.38	4.38	10.97	Upgrade
Buildings	259.29	320.75	159.72	144.16	142.94	81.57	Upgrade
Machinery	44.84	46.67	33.43	29.86	27.11	21.02	Upgrade
Construction In Progress	3.28	3.28	3.28	3.28	3.28	3.28	Upgrade

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