General Accident Insurance Company Jamaica Limited (JMSE: GENAC)

GENAC Balance Sheet

Financials in millions JMD. 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	-	599.51	1,276	732	1,340	1,657
Investments in Equity & Preferred Securities	-	808.78	419.49	451.57	436.57	524.16
Other Investments	3,498	1,535	1,376	1,840	2,340	2,464
Total Investments	4,194	3,900	3,971	3,786	4,896	5,358
Cash & Equivalents	1,473	1,080	786.3	1,444	756.55	642.33
Reinsurance Recoverable	2,629	2,041	1,986	3,281	2,302	2,220
Other Receivables	2,445	712.39	448.41	1,786	1,602	1,372
Deferred Policy Acquisition Cost	-	-	-	562.6	496.51	473.24
Property, Plant & Equipment	1,146	1,133	890	823.07	793.13	666.59
Other Intangible Assets	157.55	171.84	166.43	180.01	193.61	196.17
Other Current Assets	-	752	726.49	593.65	82.52	64.1
Other Long-Term Assets	-	30.9	48	48	48	48
Total Assets	12,044	9,820	9,023	12,504	11,170	11,040
Accrued Expenses	-	230.07	150.39	351.83	321.44	217.17
Insurance & Annuity Liabilities	7,094	5,137	4,843	31.66	19	17.29
Unpaid Claims	-	-	-	4,839	3,996	3,841
Unearned Premiums	-	-	-	2,941	2,610	2,646
Reinsurance Payable	8.26	10.01	51.31	1,066	954.62	961.52
Current Portion of Leases	-	45.16	41.47	54.04	55.89	32.22
Current Income Taxes Payable	89.12	104.9	42.89	1.04	4.78	4.43
Long-Term Leases	230.84	190.55	12.45	49.17	106.63	65.8
Long-Term Deferred Tax Liabilities	93.6	93.6	73.93	50.65	38.05	44.93
Other Current Liabilities	-	-	-	-	-	17.13
Other Long-Term Liabilities	399.03	1.06	143.78	197.81	89.34	189.04
Total Liabilities	7,915	5,812	5,359	9,582	8,195	8,037
Common Stock	470.36	470.36	470.36	470.36	470.36	470.36
Retained Earnings	3,118	2,968	2,630	1,870	1,812	1,792
Comprehensive Income & Other	168.95	206.14	213.93	289.5	294.44	267.92
Total Common Equity	3,758	3,644	3,314	2,629	2,576	2,530
Minority Interest	371.86	363.79	349.79	292.48	398.49	473.55
Shareholders' Equity	4,129	4,008	3,664	2,922	2,975	3,004
Total Liabilities & Equity	12,044	9,820	9,023	12,504	11,170	11,040
Filing Date Shares Outstanding	1,031	1,031	1,031	1,031	1,031	1,031
Total Common Shares Outstanding	1,031	1,031	1,031	1,031	1,031	1,031
Total Debt	230.84	235.71	53.92	103.21	162.52	98.02
Net Cash (Debt)	1,243	843.88	732.38	1,341	594.03	544.31
Net Cash Growth	100.84%	15.22%	-45.38%	125.74%	9.13%	-17.04%
Net Cash Per Share	1.22	0.82	0.71	1.30	0.58	0.53
Book Value Per Share	3.64	3.53	3.21	2.55	2.50	2.45
Tangible Book Value	3,600	3,472	3,148	2,449	2,383	2,334
Tangible Book Value Per Share	3.49	3.37	3.05	2.38	2.31	2.26
Land	-	740.62	705.47	601.97	518.69	472.79
Machinery	-	360.43	259.25	322.12	229.4	317.78
Construction In Progress	-	-	-	-	19.04	2.37

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