The CIC Insurance Group Plc (NASE: CIC)

The CIC Insurance Group 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	-	13,777	16,961	11,396	9,759	7,565
Investments in Equity & Preferred Securities	-	128.46	130.34	119.79	134.8	147.23
Policy Loans	-	-	-	594.68	546.35	477.25
Other Investments	40,774	2,989	2,521	3,100	3,552	2,983
Total Investments	48,621	26,814	29,714	25,718	24,555	21,658
Cash & Equivalents	976.19	4,866	3,804	3,643	2,069	1,932
Reinsurance Recoverable	3,390	3,734	3,728	4,995	5,106	4,531
Other Receivables	-	960.45	658.42	1,854	2,012	2,158
Deferred Policy Acquisition Cost	-	-	-	557.43	558.57	572.52
Property, Plant & Equipment	1,467	1,385	1,197	1,070	1,154	1,224
Goodwill	-	98.15	98.15	98.15	98.15	98.15
Other Intangible Assets	-	203.25	186.83	215.58	171.96	148.3
Other Current Assets	-	207.03	124.51	82.35	98.83	120.32
Long-Term Deferred Tax Assets	-	1,381	1,164	1,206	952.75	920
Other Long-Term Assets	3,317	10,651	2,804	2,102	2,010	1,941
Total Assets	57,772	50,299	43,479	41,541	38,786	35,303
Accrued Expenses	-	483.39	572.43	52.38	50.48	59.65
Insurance & Annuity Liabilities	39,612	34,227	29,036	9,056	7,333	6,363
Unpaid Claims	-	-	-	5,828	6,688	5,521
Unearned Premiums	-	237.84	258.19	4,811	4,699	4,824
Reinsurance Payable	-	-	-	563.31	866.27	451.7
Current Portion of Long-Term Debt	-	5,081	-	-	3,956	3,749
Current Portion of Leases	-	108.89	112.13	71.11	97.98	73.82
Current Income Taxes Payable	-	229.81	115.94	215.1	78.7	-
Long-Term Debt	5,128	-	4,572	4,364	-	-
Long-Term Leases	-	200.69	151.06	95.91	107.96	119.37
Long-Term Deferred Tax Liabilities	-	663.54	288.39	485.04	508.62	487.99
Separate Account Liability	-	141.27	137.02	546.55	523.66	514.97
Other Current Liabilities	-	1,313	864.73	7,440	1,516	1,289
Other Long-Term Liabilities	3,883	-	-	-	4,732	3,999
Total Liabilities	48,623	42,687	36,108	33,557	31,158	27,450
Common Stock	2,616	2,616	2,616	2,616	2,616	2,616
Additional Paid-In Capital	162.18	162.18	162.18	162.18	162.18	162.18
Retained Earnings	6,520	6,644	5,491	5,619	5,030	5,263
Comprehensive Income & Other	-	-1,729	-864.87	-427.15	-148.01	-194.1
Total Common Equity	9,298	7,693	7,404	7,970	7,660	7,847
Minority Interest	-149.01	-80.64	-32.09	14.16	-31.25	6.39
Shareholders' Equity	9,149	7,612	7,371	7,984	7,628	7,853
Total Liabilities & Equity	57,772	50,299	43,479	41,541	38,786	35,303
Filing Date Shares Outstanding	2,367	2,616	2,616	2,616	2,616	2,616
Total Common Shares Outstanding	2,367	2,616	2,616	2,616	2,616	2,616
Total Debt	5,128	5,391	4,835	4,531	4,162	3,942
Net Cash (Debt)	-4,152	-524.92	-1,031	-887.77	-2,092	-2,010
Net Cash Per Share	-1.64	-0.20	-0.39	-0.34	-0.80	-0.77
Book Value Per Share	3.93	2.94	2.83	3.05	2.93	3.00
Tangible Book Value	9,298	7,391	7,119	7,656	7,390	7,600
Tangible Book Value Per Share	3.93	2.83	2.72	2.93	2.83	2.91
Buildings	-	821.88	830.82	743.25	744.56	734.76
Machinery	-	1,563	1,384	1,370	1,296	1,261
Leasehold Improvements	-	4.73	3.88	3.78	3.78	3.78

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