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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	10,163	9,305	4,579	1,826	507.29	551.06
Investments in Equity & Preferred Securities	40,902	43,747	38,169	25,159	17,915	21,216
Policy Loans	6.06	5.98	8.39	35.98	42.16	39.5
Other Investments	22,825	20,195	10,827	7,118	8,467	14,451
Total Investments	195,646	199,136	161,606	114,827	87,171	79,497
Cash & Equivalents	13,420	12,953	10,524	6,127	10,758	12,164
Reinsurance Recoverable	18,295	17,466	16,409	21,291	15,393	8,626
Other Receivables	9,237	8,686	10,276	9,172	9,434	7,283
Property, Plant & Equipment	6,169	6,127	5,781	5,420	5,480	5,438
Other Intangible Assets	270.84	183.04	141.33	132.95	137.85	133.87
Other Current Assets	11,556	7,854	10,674	10,683	9,572	5,998
Long-Term Deferred Charges	4,517	4,716	3,122	2,141	1,489	1,055
Other Long-Term Assets	4,730	7,587	2,752	2,777	248.05	146.46
Total Assets	263,842	264,708	221,286	172,570	139,683	120,343
Accounts Payable	-	-	-	232.84	152.7	30.52
Accrued Expenses	3,844	3,614	3,788	3,094	2,731	2,293
Insurance & Annuity Liabilities	121,639	117,932	101,161	75,864	60,022	55,139
Unpaid Claims	30,330	33,717	29,431	30,002	24,039	14,422
Unearned Premiums	32,848	32,916	27,889	20,883	16,369	12,198
Reinsurance Payable	5,749	4,691	3,887	4,055	7,134	5,216
Current Portion of Long-Term Debt	-	-	-	-	-	1,012
Current Portion of Leases	-	74.23	84.61	58.84	-	-
Current Income Taxes Payable	106.42	-	45.14	118.24	11.34	17.87
Long-Term Leases	344.99	281.11	315.6	57.1	131.62	184.49
Long-Term Deferred Tax Liabilities	11,961	13,175	9,820	4,350	1,183	2,263
Other Current Liabilities	1,306	5,238	515.85	268.42	770.62	816.49
Other Long-Term Liabilities	1,121	859.29	1,123	1,370	1,043	672.24
Total Liabilities	212,675	212,862	178,684	140,785	114,071	94,723
Common Stock	3,500	3,500	3,500	3,500	3,500	3,500
Retained Earnings	29,994	28,940	24,555	20,809	19,174	17,598
Comprehensive Income & Other	16,650	18,411	14,005	7,034	2,563	4,523
Total Common Equity	50,144	50,851	42,060	31,343	25,237	25,621
Minority Interest	1,023	994.15	543.27	441.76	374.83	-
Shareholders' Equity	51,167	51,845	42,603	31,785	25,612	25,621
Total Liabilities & Equity	263,842	264,708	221,286	172,570	139,683	120,343
Filing Date Shares Outstanding	350	350	350	350	350	350
Total Common Shares Outstanding	350	350	350	350	350	350
Total Debt	344.99	355.34	400.21	115.94	131.62	1,196
Net Cash (Debt)	13,075	12,598	10,124	6,011	10,626	10,968
Net Cash Growth	81.31%	24.44%	68.42%	-43.43%	-3.12%	0.30%
Net Cash Per Share	37.36	35.99	28.93	17.17	30.36	31.34
Book Value Per Share	143.27	145.29	120.17	89.55	72.11	73.20
Tangible Book Value	49,873	50,668	41,918	31,210	25,099	25,487
Tangible Book Value Per Share	142.49	144.77	119.77	89.17	71.71	72.82
Land	-	1,746	1,746	1,746	1,746	1,746
Buildings	-	2,785	2,799	2,807	2,794	2,615
Machinery	-	3,659	3,090	2,950	2,785	2,577
Construction In Progress	-	94.96	103.49	16.37	12.8	57.7
Leasehold Improvements	-	92.72	69.74	71.59	64.75	52.02

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