Shaheen Insurance Company Balance Sheet

Financials in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	320.53	283.74	-	-	87.18
Investments in Equity & Preferred Securities	143.2	388.93	114.74	164.04	66.78
Other Investments	139.33	56.14	30.1	27.19	-
Total Investments	780.35	898.01	312.17	358.48	309.21
Cash & Equivalents	147.68	294.99	722.76	477.82	396.63
Reinsurance Recoverable	50.8	397.81	228.73	146.98	72.45
Other Receivables	505.58	75.72	49.16	38.03	91.21
Property, Plant & Equipment	148.59	115.79	76.26	55.78	39.93
Other Intangible Assets	0.61	0.5	-	-	-
Other Current Assets	935.95	63.25	57.19	28.13	30.51
Long-Term Deferred Tax Assets	9.2	-	-	-	-
Long-Term Deferred Charges	69.34	93.44	42.57	29.15	15.51
Other Long-Term Assets	268.25	94.5	131.79	103.07	138.36
Total Assets	2,916	2,034	1,621	1,237	1,094
Accrued Expenses	-	178.88	154.98	109.57	102.08
Insurance & Annuity Liabilities	0.34	0.34	0.34	0.34	0.34
Unpaid Claims	253.24	196.68	207.56	128.96	85.85
Unearned Premiums	440.31	478.59	263.29	160.17	99.52
Reinsurance Payable	102.71	55.43	32.3	54.77	64.97
Current Portion of Leases	-	7.14	6.83	6.83	6.81
Current Income Taxes Payable	11.37	29.29	22.94	-	0.12
Long-Term Leases	46.56	9.25	12.58	12.48	19.65
Other Current Liabilities	3.18	6.88	5.43	6.9	6.2
Other Long-Term Liabilities	911.5	45.51	57.76	17.88	17.33
Total Liabilities	1,769	1,026	776.02	505.51	406.52
Common Stock	806.25	645	600	600	600
Retained Earnings	340.87	349.64	244.37	128.06	74.69
Comprehensive Income & Other	-	13.06	0.24	3.86	12.6
Shareholders' Equity	1,147	1,008	844.61	731.93	687.29
Total Liabilities & Equity	2,916	2,034	1,621	1,237	1,094
Filing Date Shares Outstanding	104.7	104.81	104.81	104.81	104.81
Total Common Shares Outstanding	104.7	104.81	104.81	104.81	104.81
Total Debt	46.56	16.39	19.42	19.32	26.46
Net Cash (Debt)	101.11	278.6	703.34	458.5	370.17
Net Cash Growth	-63.71%	-60.39%	53.40%	23.86%	-1.04%
Net Cash Per Share	0.96	2.66	6.71	4.37	3.53
Book Value Per Share	10.96	9.61	8.06	6.98	6.56
Tangible Book Value	1,147	1,007	844.61	731.93	687.29
Tangible Book Value Per Share	10.95	9.61	8.06	6.98	6.56
Machinery	-	188	142.2	106.77	86.37
Construction In Progress	-	1.37	0.16	6.53	2.2
Leasehold Improvements	-	2.66	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.