Adamjee Insurance Company Limited (PSX:AICL)

Adamjee Insurance Company Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	8,112	4,579	1,826	507.29	551.06	1,165
Investments in Equity & Preferred Securities	39,525	38,169	25,159	17,915	21,216	19,250
Policy Loans	8.64	8.39	35.98	42.16	39.5	29.91
Other Investments	14,946	10,827	7,118	8,467	14,451	13,891
Total Investments	175,644	161,606	114,827	87,171	79,497	65,584
Cash & Equivalents	10,891	10,524	6,127	10,758	12,164	11,477
Reinsurance Recoverable	15,737	16,409	21,291	15,393	8,626	7,097
Other Receivables	11,253	10,276	9,172	9,434	7,283	4,729
Property, Plant & Equipment	5,833	5,781	5,420	5,480	5,438	4,489
Other Intangible Assets	184.36	141.33	132.95	137.85	133.87	139.8
Other Current Assets	9,801	10,674	10,683	9,572	5,998	4,669
Long-Term Deferred Charges	3,925	3,122	2,141	1,489	1,055	731.32
Other Long-Term Assets	5,310	2,752	2,777	248.05	146.46	146.46
Total Assets	238,579	221,286	172,570	139,683	120,343	99,062
Accounts Payable	-	-	232.84	152.7	30.52	237.17
Accrued Expenses	3,899	3,788	3,094	2,731	2,293	1,840
Insurance & Annuity Liabilities	112,823	101,161	75,864	60,022	55,139	45,694
Unpaid Claims	24,137	29,431	30,002	24,039	14,422	12,064
Unearned Premiums	29,063	27,889	20,883	16,369	12,198	9,336
Reinsurance Payable	7,302	3,887	4,055	7,134	5,216	3,162
Current Portion of Long-Term Debt	-	-	-	-	1,012	179.45
Current Portion of Leases	-	84.61	58.84	-	-	-
Current Income Taxes Payable	-	45.14	118.24	11.34	17.87	5.46
Long-Term Debt	-	-	-	-	-	151.4
Long-Term Leases	394.36	315.6	57.1	131.62	184.49	210.58
Long-Term Deferred Tax Liabilities	10,971	9,820	4,350	1,183	2,263	1,582
Other Current Liabilities	997.46	515.85	268.42	770.62	816.49	847.55
Other Long-Term Liabilities	716.66	1,123	1,370	1,043	672.24	597.36
Total Liabilities	192,083	178,684	140,785	114,071	94,723	76,424
Common Stock	3,500	3,500	3,500	3,500	3,500	3,500
Retained Earnings	26,707	24,555	20,809	19,174	17,598	15,610
Comprehensive Income & Other	15,324	14,005	7,034	2,563	4,523	3,528
Total Common Equity	45,531	42,060	31,343	25,237	25,621	22,638
Minority Interest	964.94	543.27	441.76	374.83	-	-
Shareholders' Equity	46,496	42,603	31,785	25,612	25,621	22,638
Total Liabilities & Equity	238,579	221,286	172,570	139,683	120,343	99,062
Filing Date Shares Outstanding	350	350	350	350	350	350
Total Common Shares Outstanding	350	350	350	350	350	350
Total Debt	394.36	400.21	115.94	131.62	1,196	541.43
Net Cash (Debt)	10,497	10,124	6,011	10,626	10,968	10,935
Net Cash Growth	46.19%	68.42%	-43.43%	-3.12%	0.30%	32.56%
Net Cash Per Share	29.99	28.93	17.17	30.36	31.34	31.24
Book Value Per Share	130.09	120.17	89.55	72.11	73.20	64.68
Tangible Book Value	45,346	41,918	31,210	25,099	25,487	22,498
Tangible Book Value Per Share	129.56	119.77	89.17	71.71	72.82	64.28
Land	-	1,746	1,746	1,746	1,746	995.65
Buildings	-	2,799	2,807	2,794	2,615	2,367
Machinery	-	3,090	2,950	2,785	2,577	2,423
Construction In Progress	-	103.49	16.37	12.8	57.7	30.12
Leasehold Improvements	-	69.74	71.59	64.75	52.02	45.54

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