Lancashire Holdings Limited (LON: LRE)

Lancashire Holdings Balance Sheet

Financials in millions USD. 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	2,193	2,064	1,815	1,626	1,452	1,123
Investments in Equity & Preferred Securities	16.1	16.2	59.7	118.7	127.2	108.3
Other Investments	72.6	73.8	21.3	44.4	86.2	84.3
Total Investments	2,494	2,329	2,136	2,057	1,873	1,532
Cash & Equivalents	698.2	573.2	344.4	298.7	314.3	188.7
Reinsurance Recoverable	449.1	387.8	474.3	574.8	467.2	433.9
Other Receivables	198.5	215.7	168.8	626.1	515.9	509.7
Deferred Policy Acquisition Cost	-	-	-	121.6	89	81.7
Property, Plant & Equipment	27.1	29.1	21.4	14.2	16.8	19.4
Goodwill	-	71.2	71.2	71.2	71.2	71.2
Other Intangible Assets	181.7	109.9	101.2	86.7	83.3	83.3
Restricted Cash	-	183.7	204.4	219	118.1	131.7
Other Current Assets	-	2	2.5	0.6	1.8	1.4
Total Assets	4,049	3,902	3,524	4,070	3,550	3,053
Accrued Expenses	-	-	-	7.2	2.2	2.4
Insurance & Annuity Liabilities	1,936	1,824	1,674	1,311	975.3	901.9
Unearned Premiums	-	-	-	597.9	457.9	406.4
Reinsurance Payable	-	-	-	205.6	151.7	126.6
Current Portion of Long-Term Debt	-	25.3	25.3	25.3	-	1.1
Current Portion of Leases	-	3.2	2.2	2.8	2.8	2.5
Current Income Taxes Payable	7.3	2	-	1.6	1.5	2.4
Long-Term Debt	446.8	421.3	420.8	420.4	327.5	323.5
Long-Term Leases	23.5	21.5	21.1	15.1	18.1	19.4
Long-Term Deferred Tax Liabilities	21.5	16.2	10.3	12.2	10.9	9.6
Other Current Liabilities	51.9	80.6	44.6	30.2	43.9	45.1
Other Long-Term Liabilities	-	-	-	27	19.6	17.6
Total Liabilities	2,487	2,394	2,198	2,657	2,011	1,859
Common Stock	122	122	122	122	122	101.5
Additional Paid-In Capital	-	1,209	1,189	1,187	1,189	853.9
Retained Earnings	227.3	182.4	16.2	83.9	182.5	210.6
Treasury Stock	-23.7	-29.7	-34	-18.1	-21.2	-13.3
Comprehensive Income & Other	1,236	23.9	33.3	37.2	66.1	40.9
Total Common Equity	1,562	1,508	1,326	1,412	1,539	1,194
Minority Interest	-	-	-	0.5	0.4	0.6
Shareholders' Equity	1,562	1,508	1,326	1,413	1,539	1,194
Total Liabilities & Equity	4,049	3,902	3,524	4,070	3,550	3,053
Filing Date Shares Outstanding	240.05	239.04	238.33	241.84	241.81	201.45
Total Common Shares Outstanding	240.05	239.04	238.33	241.84	241.81	201.45
Total Debt	470.3	471.3	469.4	463.6	348.4	346.5
Net Cash (Debt)	227.9	101.9	-125	-164.9	-34.1	-157.8
Net Cash Per Share	0.93	0.42	-0.51	-0.68	-0.15	-0.77
Book Value Per Share	6.50	6.31	5.56	5.84	6.36	5.92
Tangible Book Value	1,380	1,327	1,154	1,254	1,384	1,039
Tangible Book Value Per Share	5.75	5.55	4.84	5.19	5.72	5.16

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