Adamjee Insurance Company Limited (PSX:AICL)

Adamjee Insurance Company Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	87,649	1,826	507.29	551.06	1,165
Investments in Equity & Preferred Securities	59,506	25,159	17,915	21,216	19,250
Policy Loans	8.39	35.98	42.16	39.5	29.91
Other Investments	11,282	7,578	8,836	14,451	13,891
Total Investments	160,935	115,287	87,541	79,497	65,584
Cash & Equivalents	10,228	9,256	10,758	12,164	11,477
Reinsurance Recoverable	15,361	21,291	15,393	8,626	7,097
Other Receivables	11,763	9,172	9,434	7,283	4,729
Property, Plant & Equipment	5,735	5,420	5,480	5,438	4,489
Other Intangible Assets	170.1	139.8	137.85	133.87	139.8
Other Current Assets	8,854	9,860	9,202	5,998	4,669
Long-Term Deferred Charges	3,117	2,134	1,489	1,055	731.32
Other Long-Term Assets	5,123	240.46	248.05	146.46	146.46
Total Assets	221,286	172,800	139,683	120,343	99,062
Accounts Payable	-	232.84	152.7	30.52	237.17
Accrued Expenses	-	3,094	2,731	2,293	1,840
Insurance & Annuity Liabilities	106,247	75,864	60,022	55,139	45,694
Unpaid Claims	24,345	30,002	24,039	14,422	12,064
Unearned Premiums	27,889	20,883	16,369	12,198	9,336
Reinsurance Payable	3,887	4,055	7,134	5,216	3,162
Current Portion of Long-Term Debt	-	-	-	1,012	179.45
Current Income Taxes Payable	-	348.67	11.34	17.87	5.46
Long-Term Debt	-	-	-	-	151.4
Long-Term Leases	400.21	115.94	131.62	184.49	210.58
Long-Term Deferred Tax Liabilities	9,820	4,350	1,183	2,263	1,582
Other Current Liabilities	772.82	730.79	770.62	816.49	847.55
Other Long-Term Liabilities	5,058	907.3	1,043	672.24	597.36
Total Liabilities	178,684	141,015	114,071	94,723	76,424
Common Stock	3,500	3,500	3,500	3,500	3,500
Retained Earnings	24,555	20,809	19,174	17,598	15,610
Comprehensive Income & Other	14,005	7,034	2,563	4,523	3,528
Total Common Equity	42,060	31,343	25,237	25,621	22,638
Minority Interest	543.27	441.76	374.83	-	-
Shareholders' Equity	42,603	31,785	25,612	25,621	22,638
Total Liabilities & Equity	221,286	172,800	139,683	120,343	99,062
Filing Date Shares Outstanding	349.64	350	350	350	350
Total Common Shares Outstanding	349.64	350	350	350	350
Total Debt	400.21	115.94	131.62	1,196	541.43
Net Cash (Debt)	9,828	9,140	10,626	10,968	10,935
Net Cash Growth	7.53%	-13.98%	-3.12%	0.30%	32.56%
Net Cash Per Share	28.09	26.12	30.36	31.34	31.24
Book Value Per Share	120.30	89.55	72.11	73.20	64.68
Tangible Book Value	41,889	31,203	25,099	25,487	22,498
Tangible Book Value Per Share	119.81	89.15	71.71	72.82	64.28
Land	-	1,746	1,746	1,746	995.65
Buildings	-	2,807	2,794	2,615	2,367
Machinery	-	2,950	2,785	2,577	2,423
Construction In Progress	-	16.37	12.8	57.7	30.12
Leasehold Improvements	-	71.59	64.75	52.02	45.54

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