Adamjee Insurance Company Balance Sheet

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	8,410	4,579	1,826	507.29	551.06	1,165
Investments in Equity & Preferred Securities	42,732	38,169	25,159	17,915	21,216	19,250
Policy Loans	5.89	8.39	35.98	42.16	39.5	29.91
Other Investments	17,051	10,827	7,118	8,467	14,451	13,891
Total Investments	190,538	161,606	114,827	87,171	79,497	65,584
Cash & Equivalents	12,011	10,524	6,127	10,758	12,164	11,477
Reinsurance Recoverable	16,374	16,409	21,291	15,393	8,626	7,097
Other Receivables	12,152	10,276	9,172	9,434	7,283	4,729
Property, Plant & Equipment	5,920	5,781	5,420	5,480	5,438	4,489
Other Intangible Assets	209.5	141.33	132.95	137.85	133.87	139.8
Other Current Assets	11,616	10,674	10,683	9,572	5,998	4,669
Long-Term Deferred Charges	4,486	3,122	2,141	1,489	1,055	731.32
Other Long-Term Assets	4,766	2,752	2,777	248.05	146.46	146.46
Total Assets	258,073	221,286	172,570	139,683	120,343	99,062
Accounts Payable	1,147	-	232.84	152.7	30.52	237.17
Accrued Expenses	4,288	3,788	3,094	2,731	2,293	1,840
Insurance & Annuity Liabilities	119,456	101,161	75,864	60,022	55,139	45,694
Unpaid Claims	26,008	29,431	30,002	24,039	14,422	12,064
Unearned Premiums	33,103	27,889	20,883	16,369	12,198	9,336
Reinsurance Payable	7,591	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	83.18	45.14	118.24	11.34	17.87	5.46
Long-Term Debt	-	-	-	-	-	151.4
Long-Term Leases	361.03	315.6	57.1	131.62	184.49	210.58
Long-Term Deferred Tax Liabilities	12,573	9,820	4,350	1,183	2,263	1,582
Other Current Liabilities	1,049	515.85	268.42	770.62	816.49	847.55
Other Long-Term Liabilities	927.68	1,123	1,370	1,043	672.24	597.36
Total Liabilities	208,571	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	27,679	24,555	20,809	19,174	17,598	15,610
Comprehensive Income & Other	17,339	14,005	7,034	2,563	4,523	3,528
Total Common Equity	48,519	42,060	31,343	25,237	25,621	22,638
Minority Interest	983.21	543.27	441.76	374.83	-	-
Shareholders' Equity	49,502	42,603	31,785	25,612	25,621	22,638
Total Liabilities & Equity	258,073	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	361.03	400.21	115.94	131.62	1,196	541.43
Net Cash (Debt)	11,650	10,124	6,011	10,626	10,968	10,935
Net Cash Growth	69.91%	68.42%	-43.43%	-3.12%	0.30%	32.56%
Net Cash Per Share	33.29	28.93	17.17	30.36	31.34	31.24
Book Value Per Share	138.62	120.17	89.55	72.11	73.20	64.68
Tangible Book Value	48,309	41,918	31,210	25,099	25,487	22,498
Tangible Book Value Per Share	138.03	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.