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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	19,371	15,095	12,269	12,146	13,672	12,513
Investments in Equity & Preferred Securities	8,950	8,190	6,040	6,143	4,051	3,114
Policy Loans	201.43	195.95	175.14	178.71	171.81	167.97
Total Investments	28,523	23,481	18,484	18,467	17,895	15,794
Cash & Equivalents	557.25	342.47	218.12	903.12	1,465	1,643
Reinsurance Recoverable	-	55.08	29.89	57.6	93.72	182.73
Other Receivables	1,895	1,481	1,441	1,177	1,116	1,510
Property, Plant & Equipment	185.09	172.3	216.62	354.1	347.64	204.88
Other Intangible Assets	357.43	346.54	326.96	350.79	383.32	437.46
Other Current Assets	57.13	63.29	87.98	104.18	109.45	119.64
Long-Term Deferred Tax Assets	528.46	552.89	447.07	439.03	265.02	59.8
Other Long-Term Assets	193	193	193	193	193	192.34
Total Assets	32,296	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	10,653	8,706	7,951	8,104	8,612	8,676
Unpaid Claims	770.14	721.52	791.36	697.22	646.42	592.07
Unearned Premiums	68.27	95.53	113.19	334.4	398.7	65.57
Reinsurance Payable	274.61	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	20.52	9.61	39.95	96.26	94.56	31.09
Separate Account Liability	17,554	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	868.37	384.91	274.89	289.09	171.57	223.83
Total Liabilities	30,239	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	1,523	1,469	1,153	1,122	1,071	675.54
Comprensive Income & Other	-1,172	-1,228	-1,118	-1,083	-639.62	-140.5
Shareholders' Equity	2,057	1,946	1,740	1,744	2,137	2,241
Total Liabilities & Equity	32,296	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	20.52	30.39	76.36	145.29	136.21	49.57
Net Cash (Debt)	536.73	312.08	141.76	757.83	1,329	1,593
Net Cash Growth	2.86%	120.15%	-81.29%	-42.96%	-16.59%	-12.14%
Net Cash Per Share	3.15	1.83	0.83	4.44	7.79	11.61
Book Value Per Share	12.06	11.41	10.20	10.23	12.53	13.14
Tangible Book Value	1,699	1,600	1,413	1,393	1,753	1,803
Tangible Book Value Per Share	9.96	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.