Pakistan Reinsurance Company Limited (PSX: PAKRI)

PAKRI 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	-	14,136	9,907	8,866	7,964	6,769
Investments in Equity & Preferred Securities	-	3,976	2,621	3,242	3,589	3,770
Other Investments	-	23.56	20.2	18.31	17.25	16.12
Total Investments	-	19,141	13,405	12,995	11,770	10,677
Cash & Equivalents	-	3,650	3,142	1,251	1,890	1,073
Reinsurance Recoverable	-	18,206	14,421	4,608	5,604	3,939
Other Receivables	-	17,178	17,738	13,975	8,448	10,129
Property, Plant & Equipment	-	2,583	2,086	2,231	57.23	63.88
Other Intangible Assets	-	33.75	10.08	8.47	8.47	3.39
Other Current Assets	-	14,856	12,018	10,542	6,930	8,659
Long-Term Deferred Charges	-	1,240	1,035	886.87	750.38	953.26
Other Long-Term Assets	-	-	-0	308	308	308.5
Total Assets	-	76,887	63,855	46,806	35,765	35,807
Accrued Expenses	-	95.58	65.09	17.61	19.96	12.42
Insurance & Annuity Liabilities	-	217.97	326.68	283.45	923.98	433.13
Unpaid Claims	-	25,928	21,256	9,401	10,476	8,012
Unearned Premiums	-	17,043	12,597	11,312	6,849	8,901
Reinsurance Payable	-	9,682	10,623	7,931	3,629	5,081
Current Portion of Leases	-	3.23	3.11	8.86	5.83	2.92
Current Income Taxes Payable	-	661.34	22.5	382.62	12.74	3.33
Long-Term Leases	-	19.05	19.93	20.38	20.95	21.36
Long-Term Deferred Tax Liabilities	-	1,435	741.27	810.8	117	293.1
Other Current Liabilities	-	180.35	143.89	280.65	224.98	175.44
Other Long-Term Liabilities	-	0.23	1.06	0.17	93.56	111.99
Total Liabilities	-	58,748	49,534	33,733	25,523	25,978
Common Stock	-	9,000	9,000	3,000	3,000	3,000
Retained Earnings	-	6,165	3,303	7,472	5,801	5,176
Comprensive Income & Other	-	2,975	2,018	2,600	1,441	1,653
Shareholders' Equity	19,078	18,140	14,321	13,072	10,242	9,829
Total Liabilities & Equity	-	76,887	63,855	46,806	35,765	35,807
Filing Date Shares Outstanding	899.39	900	900	900	900	900
Total Common Shares Outstanding	899.39	900	900	900	900	900
Total Debt	22.28	22.28	23.03	29.24	26.78	24.29
Net Cash (Debt)	2,991	3,627	3,119	1,222	1,863	1,049
Net Cash Growth	13.58%	16.28%	155.24%	-34.41%	77.65%	-59.70%
Net Cash Per Share	3.32	4.03	3.47	1.36	2.07	1.17
Book Value Per Share	21.20	20.16	15.91	14.52	11.38	10.92
Tangible Book Value	19,078	18,106	14,311	13,064	10,233	9,825
Tangible Book Value Per Share	21.20	20.12	15.90	14.52	11.37	10.92
Land	-	-	-	208.95	1.03	1.03
Buildings	-	-	-	226.2	38.34	38.34
Machinery	-	-	-	121.77	118.53	117.51

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