IGI Life Insurance Limited (PSX: IGIL)

IGI Life Insurance 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	21,670	15,095	12,269	12,146	13,672	12,513
Investments in Equity & Preferred Securities	9,491	8,190	6,040	6,143	4,051	3,114
Policy Loans	194.85	195.95	175.14	178.71	171.81	167.97
Total Investments	31,356	23,481	18,484	18,467	17,895	15,794
Cash & Equivalents	862.81	342.47	218.12	903.12	1,465	1,643
Reinsurance Recoverable	-	55.08	29.89	57.6	93.72	182.73
Other Receivables	2,029	1,481	1,441	1,177	1,116	1,510
Property, Plant & Equipment	192.82	172.3	216.62	354.1	347.64	204.88
Other Intangible Assets	361.44	346.54	326.96	350.79	383.32	437.46
Other Current Assets	85.41	63.29	87.98	104.18	109.45	119.64
Long-Term Deferred Tax Assets	493.58	552.89	447.07	439.03	265.02	59.8
Other Long-Term Assets	193	193	193	193	193	192.34
Total Assets	35,573	26,688	21,445	22,046	21,868	20,144
Accrued Expenses	-	375.23	281.86	229.64	306.07	209.01
Insurance & Annuity Liabilities	12,040	8,706	7,951	8,104	8,612	8,676
Unpaid Claims	813.07	721.52	791.36	697.22	646.42	592.07
Unearned Premiums	353.45	95.53	113.19	334.4	398.7	65.57
Reinsurance Payable	291.1	171.7	129.91	39.35	40.97	75.3
Current Portion of Leases	-	20.78	36.42	49.03	41.66	18.48
Long-Term Leases	15.51	9.61	39.95	96.26	94.56	31.09
Separate Account Liability	19,019	14,210	10,041	10,408	9,371	7,967
Other Current Liabilities	-	16.56	16.33	26.37	23.8	20.76
Other Long-Term Liabilities	842.38	384.91	274.89	289.09	171.57	223.83
Total Liabilities	33,404	24,742	19,705	20,302	19,731	17,903
Common Stock	1,706	1,706	1,706	1,706	1,706	1,706
Retained Earnings	1,563	1,469	1,153	1,122	1,071	675.54
Comprehensive Income & Other	-1,099	-1,228	-1,118	-1,083	-639.62	-140.5
Shareholders' Equity	2,170	1,946	1,740	1,744	2,137	2,241
Total Liabilities & Equity	35,573	26,688	21,445	22,046	21,868	20,144
Filing Date Shares Outstanding	170.57	170.57	170.57	170.57	170.57	170.57
Total Common Shares Outstanding	170.57	170.57	170.57	170.57	170.57	170.57
Total Debt	15.51	30.39	76.36	145.29	136.21	49.57
Net Cash (Debt)	847.29	312.08	141.76	757.83	1,329	1,593
Net Cash Growth	124.06%	120.15%	-81.29%	-42.96%	-16.59%	-12.14%
Net Cash Per Share	4.97	1.83	0.83	4.44	7.79	11.61
Book Value Per Share	12.72	11.41	10.20	10.23	12.53	13.14
Tangible Book Value	1,808	1,600	1,413	1,393	1,753	1,803
Tangible Book Value Per Share	10.60	9.38	8.29	8.17	10.28	10.57
Machinery	-	256.26	275.83	304.2	298.8	257.21
Construction In Progress	-	3.39	5.14	3.47	22.29	1.74
Leasehold Improvements	-	110.25	105.92	123.99	106.88	97.54

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