Admiral Group plc (LON: ADM)

Admiral Group Balance Sheet

Financials in millions GBP. 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	3,179	2,803	2,348	2,575	2,090	1,950
Investments in Equity & Preferred Securities	22.5	24	27.5	19.3	11.3	7.5
Other Investments	117.3	116.7	101.4	85.3	65.4	116.5
Total Investments	4,426	3,862	3,411	3,743	3,506	3,235
Cash & Equivalents	363.6	353.1	297	372.7	272.5	281.7
Reinsurance Recoverable	1,056	1,192	1,015	2,176	2,083	2,072
Other Receivables	1,450	1,248	1,108	1,746	1,540	1,667
Deferred Policy Acquisition Cost	-	-	-	28.2	27.3	24.8
Property, Plant & Equipment	82	90.1	89.8	103.2	140.4	154.4
Goodwill	112.1	62.3	62.3	62.3	62.3	62.3
Other Intangible Assets	223.6	180.6	155.3	89.4	77.1	73.2
Restricted Cash	-	-	-	-	25.7	-
Other Current Assets	10.4	62.2	41.2	30.4	108.1	16
Long-Term Deferred Tax Assets	20.8	46.1	28.4	9.3	-	-
Total Assets	7,744	7,096	6,209	8,360	7,842	7,585
Accounts Payable	384.9	42.3	22.7	39.8	34.9	37.5
Accrued Expenses	-	64.1	78.2	189.2	150.1	145.7
Insurance & Annuity Liabilities	-	4,739	4,141	161.9	240.9	220.8
Unpaid Claims	3,552	-	-	3,045	2,920	2,899
Unearned Premiums	1,395	-	-	1,287	1,260	1,207
Reinsurance Payable	-	-	-	1,275	1,263	1,221
Current Portion of Long-Term Debt	0.2	-	-	-	3.6	1.4
Current Portion of Leases	-	13.7	8.3	10.5	11	9.7
Short-Term Debt	69.2	55	20	20	20	20
Current Income Taxes Payable	23.9	4.9	13.9	-	-	48.3
Long-Term Debt	1,135	1,075	919.1	650.9	465	508.7
Long-Term Leases	73.1	67.5	80.2	94.8	111.8	127.4
Long-Term Deferred Tax Liabilities	-	-	-	-	0.9	0.4
Other Current Liabilities	-	-	-	-	34	-
Other Long-Term Liabilities	-	42.5	38.2	112.4	135.6	160.2
Total Liabilities	6,633	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	1,130	1,019	922.6	1,349	1,004	840.9
Comprehensive Income & Other	-32.8	-40.5	-50.2	44	94.9	55.1
Total Common Equity	1,110	991.8	885.8	1,406	1,113	909.4
Minority Interest	0.8	1	1.2	2.3	10.7	9.2
Shareholders' Equity	1,111	992.8	887	1,409	1,123	918.6
Total Liabilities & Equity	7,744	7,096	6,209	8,360	7,842	7,585
Filing Date Shares Outstanding	306.3	300.44	297.73	294.79	291.24	287.86
Total Common Shares Outstanding	306.3	300.44	297.73	294.79	291.24	287.86
Total Debt	1,277	1,211	1,028	776.2	611.4	667.2
Net Cash (Debt)	-913.6	-857.9	-730.6	-403.5	-338.9	-385.5
Net Cash Per Share	-2.98	-2.81	-2.42	-1.35	-1.15	-1.32
Book Value Per Share	3.62	3.30	2.98	4.77	3.82	3.16
Tangible Book Value	774.6	748.9	668.2	1,255	973.3	773.9
Tangible Book Value Per Share	2.53	2.49	2.24	4.26	3.34	2.69
Machinery	-	85.2	106	100.7	111.4	104.4
Leasehold Improvements	-	29.7	37.5	37	36	33.4

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