Shaheen Insurance Company Limited (PSX: SHNI)

Shaheen Insurance Company 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	103.08	54.94	-	87.18	87.43	-
Investments in Equity & Preferred Securities	199.03	114.74	164.04	66.78	62.74	57.76
Other Investments	-	30.1	27.19	-	27	47
Total Investments	469.4	367.11	358.48	309.21	312.79	235.32
Cash & Equivalents	595.38	722.76	477.82	396.63	391.23	455.8
Reinsurance Recoverable	504.94	228.73	146.98	72.45	85.3	99.01
Other Receivables	57.84	49.16	38.03	91.21	119.66	182.92
Property, Plant & Equipment	114.37	76.26	55.78	39.93	22.02	82.33
Other Intangible Assets	0.56	-	-	-	0.03	0.09
Other Current Assets	154.4	57.19	28.13	30.51	43.86	13.32
Long-Term Deferred Charges	62.38	42.57	29.15	15.51	16.24	27.17
Other Long-Term Assets	198.1	76.85	103.07	138.36	100.85	78.24
Total Assets	2,157	1,621	1,237	1,094	1,092	1,174
Accrued Expenses	188.36	154.78	109.57	102.08	97.24	122.91
Insurance & Annuity Liabilities	0.34	0.34	0.34	0.34	0.54	0.23
Unpaid Claims	285	207.56	128.96	85.85	127.31	128.2
Unearned Premiums	526.67	263.29	160.17	99.52	96.65	134.19
Reinsurance Payable	64.7	32.3	54.77	64.97	76.47	61.9
Current Portion of Leases	15.1	14.36	6.83	6.81	17.16	5.63
Current Income Taxes Payable	43.37	22.94	-	0.12	0.05	-
Long-Term Leases	-8.31	5.06	12.48	19.65	-	72.33
Other Current Liabilities	6.71	5.43	6.9	6.2	8.72	11.8
Other Long-Term Liabilities	75.31	57.96	17.88	17.33	9.65	13.73
Total Liabilities	1,198	776.02	505.51	406.52	436.16	553.1
Common Stock	640.5	600	600	600	600	600
Retained Earnings	307.21	244.37	128.06	74.69	43.61	8.01
Comprehensive Income & Other	11.34	0.24	3.86	12.6	12.2	13.1
Shareholders' Equity	959.05	844.61	731.93	687.29	655.81	621.11
Total Liabilities & Equity	2,157	1,621	1,237	1,094	1,092	1,174
Filing Date Shares Outstanding	64.05	64.5	64.5	64.5	64.5	64.5
Total Common Shares Outstanding	64.05	64.5	64.5	64.5	64.5	64.5
Total Debt	6.79	19.42	19.32	26.46	17.16	77.96
Net Cash (Debt)	588.59	703.34	458.5	370.17	374.06	377.84
Net Cash Growth	219.30%	53.40%	23.86%	-1.04%	-1.00%	-17.95%
Net Cash Per Share	9.13	10.90	7.11	5.74	5.80	5.86
Book Value Per Share	14.97	13.09	11.35	10.66	10.17	9.63
Tangible Book Value	958.49	844.61	731.93	687.29	655.78	621.02
Tangible Book Value Per Share	14.96	13.09	11.35	10.66	10.17	9.63
Machinery	-	142.2	106.77	86.37	80.99	80.94
Construction In Progress	-	0.16	6.53	2.2	-	-

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