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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	16,860	14,136	9,907	8,866	7,964	6,769
Investments in Equity & Preferred Securities	4,560	3,976	2,621	3,242	3,589	3,770
Other Investments	-	23.56	20.2	18.31	17.25	16.12
Total Investments	22,219	19,141	13,405	12,995	11,770	10,677
Cash & Equivalents	2,445	3,650	3,142	1,251	1,890	1,073
Reinsurance Recoverable	16,557	18,206	14,421	4,608	5,604	3,939
Other Receivables	20,186	17,178	17,738	13,975	8,448	10,129
Property, Plant & Equipment	2,473	2,583	2,086	2,231	57.23	63.88
Other Intangible Assets	12.7	33.75	10.08	8.47	8.47	3.39
Other Current Assets	12,617	14,856	12,018	10,542	6,930	8,659
Long-Term Deferred Charges	1,257	1,240	1,035	886.87	750.38	953.26
Other Long-Term Assets	1,174	-	-0	308	308	308.5
Total Assets	78,939	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	11,999	217.97	326.68	283.45	923.98	433.13
Unpaid Claims	24,987	25,928	21,256	9,401	10,476	8,012
Unearned Premiums	15,582	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	742.15	661.34	22.5	382.62	12.74	3.33
Long-Term Leases	23.42	19.05	19.93	20.38	20.95	21.36
Long-Term Deferred Tax Liabilities	1,797	1,435	741.27	810.8	117	293.1
Other Current Liabilities	243.42	180.35	143.89	280.65	224.98	175.44
Other Long-Term Liabilities	305.45	0.23	1.06	0.17	93.56	111.99
Total Liabilities	59,239	58,748	49,534	33,733	25,523	25,978
Common Stock	9,000	9,000	9,000	3,000	3,000	3,000
Retained Earnings	-	6,165	3,303	7,472	5,801	5,176
Comprehensive Income & Other	10,700	2,975	2,018	2,600	1,441	1,653
Shareholders' Equity	19,700	18,140	14,321	13,072	10,242	9,829
Total Liabilities & Equity	78,939	76,887	63,855	46,806	35,765	35,807
Filing Date Shares Outstanding	898.13	900	900	900	900	900
Total Common Shares Outstanding	898.13	900	900	900	900	900
Total Debt	23.42	22.28	23.03	29.24	26.78	24.29
Net Cash (Debt)	2,421	3,627	3,119	1,222	1,863	1,049
Net Cash Growth	-50.99%	16.28%	155.24%	-34.41%	77.65%	-59.70%
Net Cash Per Share	2.69	4.03	3.47	1.36	2.07	1.17
Book Value Per Share	21.93	20.16	15.91	14.52	11.38	10.92
Tangible Book Value	19,687	18,106	14,311	13,064	10,233	9,825
Tangible Book Value Per Share	21.92	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.