Sanlam Kenya Plc (NASE: SLAM)

Sanlam Kenya 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	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	1,096	1,096	1,557	263.5	-	-
Investments in Equity & Preferred Securities	-	-	-	-	-	17.78
Policy Loans	-	-	-	154.98	197.28	250.55
Total Investments	30,672	30,672	31,284	28,641	25,209	23,562
Cash & Equivalents	2,039	2,039	1,648	1,707	1,786	1,195
Reinsurance Recoverable	1,153	1,153	1,958	2,282	1,812	1,104
Other Receivables	778	778	760.95	601.76	816.86	957.27
Deferred Policy Acquisition Cost	-	-	-	243.97	198.48	172.01
Property, Plant & Equipment	596.54	596.54	643.8	723.04	814.17	830.36
Other Intangible Assets	8.54	8.54	31.66	35.34	56.53	76.97
Other Current Assets	194.94	194.94	197.76	126.71	191.65	1,029
Long-Term Deferred Tax Assets	92.18	92.18	193.19	322.5	153.85	153.66
Total Assets	35,535	35,535	36,717	34,684	31,039	29,081
Accounts Payable	70.67	70.67	76.8	1.04	-	1.18
Accrued Expenses	133.32	133.32	176.82	491.08	323.94	333.81
Insurance & Annuity Liabilities	25,154	25,154	25,939	18,971	19,502	18,664
Unpaid Claims	-	-	-	2,998	2,284	1,821
Unearned Premiums	-	-	-	1,966	1,848	1,266
Reinsurance Payable	53.59	53.59	33.64	229.42	183.8	176.82
Current Portion of Long-Term Debt	-	-	2.31	-	2,977	2,763
Current Portion of Leases	52.52	52.52	23.59	56.13	44.93	-
Current Income Taxes Payable	-	-	1.14	-	138.25	11.19
Long-Term Debt	4,657	4,657	4,086	3,000	-	-
Long-Term Leases	17.15	17.15	58.49	45.08	87.54	85.64
Long-Term Deferred Tax Liabilities	1,020	1,020	963.98	685.58	567.25	649.62
Other Current Liabilities	699.69	699.69	642.95	226.09	429.21	296.92
Other Long-Term Liabilities	2,811	2,811	3,720	5,378	1,547	1,132
Total Liabilities	34,669	34,669	35,725	34,088	29,932	27,346
Common Stock	720	720	720	720	720	720
Retained Earnings	91.8	91.8	252.92	-161.21	208.9	721.09
Total Common Equity	811.8	811.8	972.92	558.79	928.9	1,441
Minority Interest	54.45	54.45	19.89	36.97	178.04	293.94
Shareholders' Equity	866.25	866.25	992.82	595.76	1,107	1,735
Total Liabilities & Equity	35,535	35,535	36,717	34,684	31,039	29,081
Filing Date Shares Outstanding	144	144	144	144	144	144
Total Common Shares Outstanding	144	144	144	144	144	144
Total Debt	4,727	4,727	4,170	3,101	3,109	2,849
Net Cash (Debt)	-2,688	-2,688	-2,522	-1,394	-1,323	-1,654
Net Cash Per Share	-18.66	-18.66	-17.51	-9.68	-9.19	-11.48
Book Value Per Share	5.64	5.64	6.76	3.88	6.45	10.01
Tangible Book Value	803.26	803.26	941.26	523.46	872.37	1,364
Tangible Book Value Per Share	5.58	5.58	6.54	3.64	6.06	9.47
Machinery	588.57	588.57	571.1	592.53	816.73	773.03

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