Admiral Group plc (LON: ADM)

Admiral Group Balance Sheet

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	2,803	2,803	2,348	2,575	2,090	1,950
Investments in Equity & Preferred Securities	24	24	27.5	19.3	11.3	7.5
Other Investments	116.7	116.7	101.4	85.3	65.4	116.5
Total Investments	3,862	3,862	3,411	3,743	3,506	3,235
Cash & Equivalents	353.1	353.1	297	372.7	272.5	281.7
Reinsurance Recoverable	1,192	1,192	1,015	2,176	2,083	2,072
Other Receivables	1,248	1,248	1,108	1,746	1,540	1,667
Gross Property, Plant & Equipment	214.8	214.8	238.5	241	271.6	272.2
Accumulated Depreciation	-124.7	-124.7	-148.7	-137.8	-131.2	-117.8
Net Property, Plant & Equipment	90.1	90.1	89.8	103.2	140.4	154.4
Goodwill	62.3	62.3	62.3	62.3	62.3	62.3
Other Intangible Assets	180.6	180.6	155.3	89.4	77.1	73.2
Other Current Assets	62.2	62.2	41.2	30.4	108.1	16
Deferred Long-Term Tax Assets	46.1	46.1	28.4	9.3	-	-
Total Assets	7,096	7,096	6,209	8,360	7,842	7,585
Accounts Payable	42.3	42.3	22.7	39.8	34.9	37.5
Accrued Expenses	64.1	64.1	78.2	189.2	150.1	145.7
Insurance & Annuity Liabilities	4,739	4,739	4,141	161.9	240.9	220.8
Unpaid Claims	-	-	-	3,045	2,920	2,899
Unearned Premiums	-	-	-	1,287	1,260	1,207
Reinsurance Payable	-	-	-	1,275	1,263	1,221
Current Portion of Leases	13.7	13.7	8.3	10.5	11	9.7
Long-Term Leases	67.5	67.5	80.2	94.8	111.8	127.4
Current Income Taxes Payable	4.9	4.9	13.9	-	-	48.3
Other Current Liabilities	-	-	-	-	34	-
Deferred Long-Term Tax Liabilities	-	-	-	-	0.9	0.4
Other Long-Term Liabilities	42.5	42.5	38.2	112.4	135.6	160.2
Total Liabilities	6,103	6,103	5,322	6,951	6,719	6,667
Common Stock	0.3	0.3	0.3	0.3	0.3	0.3
Additional Paid-In Capital	13.1	13.1	13.1	13.1	13.1	13.1
Retained Earnings	1,019	1,019	922.6	1,349	1,004	840.9
Comprensive Income & Other	-40.5	-40.5	-50.2	44	94.9	55.1
Total Common Equity	991.8	991.8	885.8	1,406	1,113	909.4
Minority Interest	1	1	1.2	2.3	10.7	9.2
Shareholders' Equity	992.8	992.8	887	1,409	1,123	918.6
Total Liabilities & Equity	7,096	7,096	6,209	8,360	7,842	7,585
Total Debt	1,211	1,211	1,028	776.2	611.4	667.2
Net Cash / Debt	-857.9	-857.9	-730.6	-403.5	-338.9	-385.5
Net Cash Per Share	-2.81	-2.81	-2.42	-1.35	-1.15	-1.32
Book Value Per Share	3.30	3.30	2.98	4.77	3.82	3.16
Tangible Book Value	748.9	748.9	668.2	1,255	973.3	773.9
Tangible Book Value Per Share	2.49	2.49	2.24	4.26	3.34	2.69

Source: S&P Capital IQ. Insurance template.