EFU Life Assurance Limited (PSX: EFUL)

EFU Life Assurance 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	15,072	19,178	11,196	8,383	7,754	6,288
Investments in Equity & Preferred Securities	175.85	123.31	107.13	199.71	280.66	250.88
Other Investments	953.32	868	162.13	128.44	127.06	144.87
Total Investments	210,602	187,356	150,207	126,526	123,370	96,406
Cash & Equivalents	8,905	12,563	18,985	28,985	24,397	25,373
Reinsurance Recoverable	-	626.09	337.21	208.9	24.48	23.41
Other Receivables	7,030	5,173	4,908	4,117	3,471	4,434
Property, Plant & Equipment	3,422	3,152	3,018	3,064	2,884	2,884
Goodwill	-	78.21	-	-	-	-
Other Intangible Assets	253.25	190.13	3.42	18.38	38.7	24.73
Other Current Assets	120.68	1,065	988.57	261.37	294.32	144.66
Total Assets	230,332	210,204	178,447	163,180	154,480	129,290
Accrued Expenses	-	1,862	2,024	2,123	1,747	1,546
Insurance & Annuity Liabilities	5,208	3,034	2,828	1,706	1,609	1,320
Unpaid Claims	8,090	7,560	6,105	4,259	4,338	3,450
Unearned Premiums	1,681	1,772	1,202	1,148	1,220	969.35
Reinsurance Payable	425.04	202.22	363.89	76.24	183.44	258.03
Current Portion of Leases	-	104	141.4	114.71	113.61	-
Long-Term Leases	651.4	583.2	530.26	534.87	389.91	415.11
Long-Term Deferred Tax Liabilities	1,785	1,544	1,068	884.8	804.23	743.18
Separate Account Liability	201,927	185,931	157,450	145,792	137,565	114,384
Other Current Liabilities	-	75.26	67.88	61.87	53.98	47.44
Other Long-Term Liabilities	2,571	586.56	316.85	300.14	279.17	248.44
Total Liabilities	222,338	203,255	172,098	157,002	148,305	123,382
Common Stock	1,050	1,000	1,000	1,000	1,000	1,000
Retained Earnings	6,250	5,903	5,337	5,145	5,137	4,857
Comprensive Income & Other	58.34	46.01	11.46	33.4	38.31	50.99
Shareholders' Equity	7,994	6,949	6,349	6,178	6,175	5,908
Total Liabilities & Equity	230,332	210,204	178,447	163,180	154,480	129,290
Filing Date Shares Outstanding	105	100	100	100	100	100
Total Common Shares Outstanding	105	100	100	100	100	100
Total Debt	651.4	687.2	671.66	649.58	503.51	415.11
Net Cash (Debt)	8,253	11,876	18,314	28,335	23,894	24,957
Net Cash Growth	-	-35.15%	-35.37%	18.59%	-4.26%	25.82%
Net Cash Per Share	81.51	118.76	183.14	283.35	238.94	249.57
Book Value Per Share	76.14	69.49	63.49	61.78	61.75	59.08
Tangible Book Value	7,741	6,681	6,345	6,160	6,136	5,883
Tangible Book Value Per Share	73.72	66.81	63.45	61.60	61.36	58.83
Land	-	126.51	126.51	126.51	126.51	126.51
Buildings	-	1,367	1,367	1,367	1,367	1,354
Machinery	-	2,689	2,376	2,184	1,906	1,714
Leasehold Improvements	-	471.34	462.95	421.3	362.54	342.46

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