Adamjee Insurance Company Limited (PSX: AICL)

Adamjee Insurance Company Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	3,906	1,826	507.29	551.06	1,165	1,118
Investments in Equity & Preferred Securities	31,994	25,159	17,915	21,216	19,250	18,899
Policy Loans	7.93	35.98	42.16	39.5	29.91	32.79
Other Investments	9,403	7,578	8,836	14,451	13,891	15,469
Total Investments	140,660	115,287	87,541	79,497	65,584	57,541
Cash & Equivalents	6,857	9,256	10,758	12,164	11,477	8,529
Reinsurance Recoverable	19,835	21,291	15,393	8,626	7,097	6,880
Other Receivables	16,201	9,172	9,434	7,283	4,729	5,689
Property, Plant & Equipment	5,375	5,420	5,480	5,438	4,489	4,644
Other Intangible Assets	195.07	139.8	137.85	133.87	139.8	148.89
Other Current Assets	12,667	9,860	9,202	5,998	4,669	4,237
Long-Term Deferred Charges	2,912	2,134	1,489	1,055	731.32	1,190
Other Long-Term Assets	3,279	240.46	248.05	146.46	146.46	146.46
Total Assets	207,981	172,800	139,683	120,343	99,062	89,005
Accounts Payable	-	232.84	152.7	30.52	237.17	847.47
Accrued Expenses	3,595	3,094	2,731	2,293	1,840	1,624
Insurance & Annuity Liabilities	94,355	75,864	60,022	55,139	45,694	35,839
Unpaid Claims	25,408	30,002	24,039	14,422	12,064	11,237
Unearned Premiums	29,123	20,883	16,369	12,198	9,336	11,103
Reinsurance Payable	7,851	4,055	7,134	5,216	3,162	2,826
Current Portion of Long-Term Debt	-	-	-	1,012	179.45	-
Current Income Taxes Payable	158.82	348.67	11.34	17.87	5.46	-
Long-Term Debt	-	-	-	-	151.4	-
Long-Term Leases	-	115.94	131.62	184.49	210.58	279.72
Long-Term Deferred Tax Liabilities	7,267	4,350	1,183	2,263	1,582	1,426
Other Current Liabilities	349.92	730.79	770.62	816.49	847.55	864.52
Other Long-Term Liabilities	1,420	907.3	1,043	672.24	597.36	546.77
Total Liabilities	170,142	141,015	114,071	94,723	76,424	67,000
Common Stock	3,500	3,500	3,500	3,500	3,500	3,500
Retained Earnings	23,204	20,809	19,174	17,598	15,610	14,570
Comprehensive Income & Other	10,630	7,034	2,563	4,523	3,528	3,593
Total Common Equity	37,334	31,343	25,237	25,621	22,638	21,663
Minority Interest	504.47	441.76	374.83	-	-	341.51
Shareholders' Equity	37,839	31,785	25,612	25,621	22,638	22,005
Total Liabilities & Equity	207,981	172,800	139,683	120,343	99,062	89,005
Filing Date Shares Outstanding	350	350	350	350	350	350
Total Common Shares Outstanding	350	350	350	350	350	350
Total Debt	-	115.94	131.62	1,196	541.43	279.72
Net Cash (Debt)	6,857	9,140	10,626	10,968	10,935	8,249
Net Cash Growth	-40.70%	-13.98%	-3.12%	0.30%	32.56%	46.66%
Net Cash Per Share	19.59	26.12	30.36	31.34	31.24	23.57
Book Value Per Share	106.67	89.55	72.11	73.20	64.68	61.90
Tangible Book Value	37,139	31,203	25,099	25,487	22,498	21,514
Tangible Book Value Per Share	106.11	89.15	71.71	72.82	64.28	61.47
Land	-	1,746	1,746	1,746	995.65	1,286
Buildings	-	2,807	2,794	2,615	2,367	2,102
Machinery	-	2,950	2,785	2,577	2,423	2,192
Construction In Progress	-	16.37	12.8	57.7	30.12	66.72
Leasehold Improvements	-	71.59	64.75	52.02	45.54	60.71

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