The CIC Insurance Group Balance Sheet

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

Millions KES. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Investments in Debt Securities	18,649	13,944	16,961	11,396	9,759
Investments in Equity & Preferred Securities	136.4	128.46	130.34	119.79	134.8
Policy Loans	-	-	-	594.68	546.35
Other Investments	2,496	2,989	2,521	3,100	3,552
Total Investments	27,261	26,981	29,714	25,718	24,555
Cash & Equivalents	10,018	4,866	3,804	3,643	2,069
Reinsurance Recoverable	5,059	3,734	3,728	4,995	5,106
Other Receivables	909.28	790.94	658.42	1,854	2,012
Deferred Policy Acquisition Cost	-	-	-	557.43	558.57
Property, Plant & Equipment	1,260	1,385	1,197	1,070	1,154
Goodwill	98.15	98.15	98.15	98.15	98.15
Other Intangible Assets	188.43	203.25	186.83	215.58	171.96
Other Current Assets	5,515	376.55	124.51	82.35	98.83
Long-Term Deferred Tax Assets	979.17	1,381	1,164	1,206	952.75
Other Long-Term Assets	10,651	10,484	2,804	2,102	2,010
Total Assets	61,938	50,299	43,479	41,541	38,786
Accrued Expenses	287.93	483.39	572.43	52.38	50.48
Insurance & Annuity Liabilities	41,842	34,227	29,036	9,056	7,333
Unpaid Claims	-	-	-	5,828	6,688
Unearned Premiums	191.83	237.84	258.19	4,811	4,699
Reinsurance Payable	-	-	-	563.31	866.27
Current Portion of Long-Term Debt	-	-	-	-	3,956
Current Portion of Leases	84.75	108.89	112.13	71.11	97.98
Current Income Taxes Payable	12.64	229.81	115.94	215.1	78.7
Long-Term Debt	5,271	5,081	4,572	4,364	-
Long-Term Leases	114.78	200.69	151.06	95.91	107.96
Long-Term Deferred Tax Liabilities	1,015	663.54	288.39	485.04	508.62
Separate Account Liability	98.92	141.27	137.02	546.55	523.66
Other Current Liabilities	2,005	1,313	864.73	7,440	1,516
Other Long-Term Liabilities	-	-	-	-	4,732
Total Liabilities	50,924	42,687	36,108	33,557	31,158
Common Stock	2,616	2,616	2,616	2,616	2,616
Additional Paid-In Capital	162.18	162.18	162.18	162.18	162.18
Retained Earnings	9,015	6,644	5,491	5,619	5,030
Comprehensive Income & Other	-720.95	-1,729	-864.87	-427.15	-148.01
Total Common Equity	11,072	7,693	7,404	7,970	7,660
Minority Interest	-58.02	-80.64	-32.09	14.16	-31.25
Shareholders' Equity	11,014	7,612	7,371	7,984	7,628
Total Liabilities & Equity	61,938	50,299	43,479	41,541	38,786
Filing Date Shares Outstanding	2,877	2,877	2,877	2,877	2,877
Total Common Shares Outstanding	2,877	2,877	2,877	2,877	2,877
Total Debt	5,471	5,391	4,835	4,531	4,162
Net Cash (Debt)	4,547	-524.92	-1,031	-887.77	-2,092
Net Cash Per Share	1.58	-0.18	-0.36	-0.31	-0.73
Book Value Per Share	3.85	2.67	2.57	2.77	2.66
Tangible Book Value	10,785	7,391	7,119	7,656	7,390
Tangible Book Value Per Share	3.75	2.57	2.47	2.66	2.57
Buildings	780.75	821.88	830.82	743.25	744.56
Machinery	1,668	1,563	1,384	1,370	1,296
Leasehold Improvements	7.27	4.73	3.88	3.78	3.78

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.