Britam Holdings Plc (NASE:BRIT)

Britam Holdings Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	78,435	68,542	57,106	9,040	10,502
Investments in Equity & Preferred Securities	9,047	2,673	2,528	1,366	1,482
Policy Loans	-	-	-	2,296	1,875
Other Investments	-	-	-	6,716	4,940
Total Investments	184,698	147,294	130,028	126,851	113,176
Cash & Equivalents	6,956	10,641	7,992	7,499	7,498
Reinsurance Recoverable	7,756	7,788	7,169	8,588	5,713
Other Receivables	2,778	3,374	2,583	4,462	4,155
Deferred Policy Acquisition Cost	-	-	-	664.69	707.75
Property, Plant & Equipment	2,148	1,854	1,759	1,576	1,469
Goodwill	1,417	1,417	1,417	1,417	1,417
Other Intangible Assets	725.53	726.98	983.28	1,416	1,874
Restricted Cash	1,106	216.42	64.14	185.2	93.07
Other Current Assets	216.65	200.77	188.5	102.03	189.57
Long-Term Deferred Tax Assets	569.52	628.32	467.56	505.44	536.53
Other Long-Term Assets	160.83	252.81	223.5	160.41	134.23
Total Assets	208,532	174,394	152,874	153,427	136,962
Accounts Payable	353.82	602.17	399.92	415.67	385.41
Accrued Expenses	3,093	2,744	2,097	1,853	1,604
Insurance & Annuity Liabilities	163,438	133,702	118,191	36,437	33,122
Unpaid Claims	-	-	-	12,508	9,393
Unearned Premiums	141.66	117.31	239.9	7,173	7,076
Reinsurance Payable	590.43	561.02	131.84	1,659	1,610
Current Portion of Long-Term Debt	-	1,057	1,040	2,728	3,859
Current Portion of Leases	319.79	286.68	234.18	264.96	325.37
Current Income Taxes Payable	101.31	334.83	115.36	34.1	26.5
Long-Term Debt	1,101	1,524	1,500	1,500	996.06
Long-Term Leases	465.19	345.51	437.89	176.17	364.63
Long-Term Deferred Tax Liabilities	6,386	4,717	3,974	3,267	2,338
Other Current Liabilities	-	38.26	3.82	20.71	24.08
Other Long-Term Liabilities	3,078	2,675	2,346	66,307	58,773
Total Liabilities	179,068	148,706	130,711	134,344	119,896
Common Stock	252.34	252.34	252.34	252.34	252.34
Additional Paid-In Capital	13,237	13,237	13,237	13,237	13,237
Retained Earnings	17,867	7,261	4,107	-2,781	-3,335
Comprehensive Income & Other	-2,160	4,698	4,350	8,232	6,796
Total Common Equity	29,197	25,449	21,947	18,941	16,950
Minority Interest	267.31	239.53	216.3	142.38	116.48
Shareholders' Equity	29,464	25,688	22,163	19,084	17,067
Total Liabilities & Equity	208,532	174,394	152,874	153,427	136,962
Filing Date Shares Outstanding	2,523	2,523	2,523	2,523	2,523
Total Common Shares Outstanding	2,523	2,523	2,523	2,523	2,523
Total Debt	1,886	3,213	3,212	4,669	5,545
Net Cash (Debt)	5,071	7,428	4,780	2,831	1,953
Net Cash Growth	-31.73%	55.40%	68.86%	44.93%	-55.39%
Net Cash Per Share	2.01	2.94	1.89	1.12	0.77
Book Value Per Share	11.57	10.08	8.70	7.51	6.72
Tangible Book Value	27,054	23,305	19,547	16,108	13,660
Tangible Book Value Per Share	10.72	9.24	7.75	6.38	5.41
Land	741.22	833.88	736.47	683.47	257.84
Machinery	2,304	2,461	2,313	2,267	2,239
Leasehold Improvements	1,167	839.97	924.02	893.89	834.38

Updated Sep 6, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.