Britam Holdings Plc (NASE: BRIT)

Britam Holdings Balance Sheet

Financials in millions KES. 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	-	68,542	57,106	9,040	10,502	15,680
Investments in Equity & Preferred Securities	-	2,673	2,528	1,366	1,482	2,870
Policy Loans	-	-	-	2,296	1,875	1,511
Other Investments	167,779	-	-	6,716	4,940	7,232
Total Investments	167,779	147,294	130,028	126,851	113,176	102,631
Cash & Equivalents	8,489	10,641	7,992	7,499	7,498	7,575
Reinsurance Recoverable	7,004	7,788	7,169	8,588	5,713	4,245
Other Receivables	-	3,374	2,583	4,462	4,155	3,540
Deferred Policy Acquisition Cost	-	-	-	664.69	707.75	526
Property, Plant & Equipment	1,917	1,854	1,759	1,576	1,469	1,887
Goodwill	-	1,417	1,417	1,417	1,417	1,558
Other Intangible Assets	-	726.98	983.28	1,416	1,874	2,100
Restricted Cash	-	216.42	64.14	185.2	93.07	80.61
Other Current Assets	-	200.77	188.5	102.03	189.57	154.72
Long-Term Deferred Tax Assets	-	628.32	467.56	505.44	536.53	777.55
Other Long-Term Assets	3,635	252.81	223.5	160.41	134.23	168.04
Total Assets	188,824	174,394	152,874	153,427	136,962	125,244
Accounts Payable	-	602.17	399.92	415.67	385.41	103.7
Accrued Expenses	-	2,594	2,097	1,853	1,604	1,313
Insurance & Annuity Liabilities	148,169	133,702	118,191	36,437	33,122	26,481
Unpaid Claims	-	-	-	12,508	9,393	7,304
Unearned Premiums	-	117.31	239.9	7,173	7,076	5,612
Reinsurance Payable	190.44	561.02	131.84	1,659	1,610	1,319
Current Portion of Long-Term Debt	-	1,057	1,040	2,728	3,859	969.76
Current Portion of Leases	-	286.68	234.18	264.96	325.37	183.41
Current Income Taxes Payable	-	334.83	115.36	34.1	26.5	83.11
Long-Term Debt	2,275	1,524	1,500	1,500	996.06	1,383
Long-Term Leases	-	345.51	437.89	176.17	364.63	660.64
Long-Term Deferred Tax Liabilities	-	4,717	3,974	3,267	2,338	3,721
Other Current Liabilities	-	38.26	3.82	20.71	24.08	1,215
Other Long-Term Liabilities	11,594	2,825	2,346	66,307	58,773	45,518
Total Liabilities	162,228	148,706	130,711	134,344	119,896	95,867
Common Stock	252.34	252.34	252.34	252.34	252.34	252.34
Additional Paid-In Capital	13,237	13,237	13,237	13,237	13,237	13,237
Retained Earnings	-2,396	7,261	4,107	-2,781	-3,335	7,002
Comprehensive Income & Other	15,241	4,698	4,350	8,232	6,796	8,803
Total Common Equity	26,334	25,449	21,947	18,941	16,950	29,296
Minority Interest	261.02	239.53	216.3	142.38	116.48	81.28
Shareholders' Equity	26,596	25,688	22,163	19,084	17,067	29,377
Total Liabilities & Equity	188,824	174,394	152,874	153,427	136,962	125,244
Filing Date Shares Outstanding	2,516	2,523	2,523	2,523	2,523	2,523
Total Common Shares Outstanding	2,516	2,523	2,523	2,523	2,523	2,523
Total Debt	2,275	3,213	3,212	4,669	5,545	3,197
Net Cash (Debt)	6,214	7,428	4,780	2,831	1,953	4,379
Net Cash Growth	30.02%	55.40%	68.86%	44.93%	-55.39%	11.28%
Net Cash Per Share	2.47	2.94	1.89	1.12	0.77	1.74
Book Value Per Share	10.47	10.08	8.70	7.51	6.72	11.61
Tangible Book Value	26,334	23,305	19,547	16,108	13,660	25,637
Tangible Book Value Per Share	10.47	9.24	7.75	6.38	5.41	10.16
Land	-	833.88	736.47	683.47	257.84	415.24
Machinery	-	2,461	2,313	2,267	2,239	2,137
Leasehold Improvements	-	839.97	924.02	893.89	834.38	777.41

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