Key Insurance Company Limited (JMSE: KEY)

Key Insurance Company 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	-	-	-	771.84	168.68	169.15
Investments in Equity & Preferred Securities	-	-	-	-	223.59	69.41
Other Investments	1,715	1,877	1,581	-	-	-
Total Investments	1,715	1,877	1,581	771.84	619	438.72
Cash & Equivalents	1,029	845.77	844.29	1,474	745.18	934.03
Reinsurance Recoverable	154.92	9.7	129.16	1,060	363.95	2,037
Other Receivables	755.08	730.23	551.07	470.98	426.96	437.19
Deferred Policy Acquisition Cost	-	-	-	82.96	62.62	138.7
Property, Plant & Equipment	317.76	282.1	281.77	237.65	238.51	239.32
Other Intangible Assets	0.71	1.91	1.82	3.02	2.91	3.64
Other Current Assets	-	-	-	-	18.01	3
Long-Term Deferred Tax Assets	371.51	348.99	371.51	380.05	428.16	278.33
Total Assets	4,344	4,095	3,761	4,480	2,905	4,510
Accrued Expenses	-	142.97	34.2	196.5	106.67	37.66
Insurance & Annuity Liabilities	2,821	2,552	2,373	25.91	110.5	142.21
Unpaid Claims	-	-	-	1,484	1,582	1,507
Unearned Premiums	-	-	-	870.66	657.2	512.12
Reinsurance Payable	-	-	-	800.42	151.94	1,605
Current Portion of Leases	-	10.03	10.62	7.51	6.22	12.26
Long-Term Leases	18.43	16.99	13.79	3.47	2.43	6.69
Other Long-Term Liabilities	117.53	36.32	33.83	16.7	29.61	27.31
Total Liabilities	2,957	2,758	2,465	3,406	2,646	3,850
Common Stock	903.3	903.3	903.3	903.3	235.28	235.28
Retained Earnings	371.21	321.04	279.1	51.94	-513.61	-91.78
Comprehensive Income & Other	112.43	112.43	112.77	119.48	537.31	516.84
Shareholders' Equity	1,387	1,337	1,295	1,075	258.98	660.34
Total Liabilities & Equity	4,344	4,095	3,761	4,480	2,905	4,510
Filing Date Shares Outstanding	555.23	559.32	559.32	559.32	368.46	368.46
Total Common Shares Outstanding	555.23	559.32	559.32	559.32	368.46	368.46
Total Debt	18.43	27.01	24.41	10.98	8.65	18.95
Net Cash (Debt)	1,011	818.76	819.88	1,463	736.54	915.08
Net Cash Growth	-35.31%	-0.14%	-43.97%	98.67%	-19.51%	28.68%
Net Cash Per Share	1.82	1.46	1.47	2.72	2.00	2.48
Book Value Per Share	2.50	2.39	2.32	1.92	0.70	1.79
Tangible Book Value	1,386	1,335	1,293	1,072	256.07	656.7
Tangible Book Value Per Share	2.50	2.39	2.31	1.92	0.69	1.78
Land	-	220	220	190	190	191.05
Machinery	-	101.4	84.35	119.65	115.82	116.03
Leasehold Improvements	-	13.08	12.94	24.62	24.62	24.62

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