Shaheen Insurance Company Limited (PSX:SHNI)

Shaheen Insurance Company Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	315.6	283.74	-	-	87.18	87.43
Investments in Equity & Preferred Securities	421.06	388.93	114.74	164.04	66.78	62.74
Other Investments	34.09	56.14	30.1	27.19	-	27
Total Investments	940.27	898.01	312.17	358.48	309.21	312.79
Cash & Equivalents	259.06	294.99	722.76	477.82	396.63	391.23
Reinsurance Recoverable	451.08	397.81	228.73	146.98	72.45	85.3
Other Receivables	221.36	75.72	49.16	38.03	91.21	119.66
Property, Plant & Equipment	134.64	115.79	76.26	55.78	39.93	22.02
Other Intangible Assets	0.37	0.5	-	-	-	0.03
Other Current Assets	199.45	63.25	57.19	28.13	30.51	43.86
Long-Term Deferred Charges	78.56	93.44	42.57	29.15	15.51	16.24
Other Long-Term Assets	95.34	94.5	131.79	103.07	138.36	100.85
Total Assets	2,380	2,034	1,621	1,237	1,094	1,092
Accrued Expenses	216.78	178.88	154.98	109.57	102.08	97.24
Insurance & Annuity Liabilities	8.59	0.34	0.34	0.34	0.34	0.54
Unpaid Claims	290.63	196.68	207.56	128.96	85.85	127.31
Unearned Premiums	470.9	478.59	263.29	160.17	99.52	96.65
Reinsurance Payable	75.48	55.43	32.3	54.77	64.97	76.47
Current Portion of Leases	13.44	7.14	6.83	6.83	6.81	17.16
Current Income Taxes Payable	33.37	29.29	22.94	-	0.12	0.05
Long-Term Leases	15.33	9.25	12.58	12.48	19.65	-
Other Current Liabilities	8.5	6.88	5.43	6.9	6.2	8.72
Other Long-Term Liabilities	130.15	45.51	57.76	17.88	17.33	9.65
Total Liabilities	1,317	1,026	776.02	505.51	406.52	436.16
Common Stock	798.69	645	600	600	600	600
Retained Earnings	253.83	349.64	244.37	128.06	74.69	43.61
Comprehensive Income & Other	10.45	13.06	0.24	3.86	12.6	12.2
Shareholders' Equity	1,063	1,008	844.61	731.93	687.29	655.81
Total Liabilities & Equity	2,380	2,034	1,621	1,237	1,094	1,092
Filing Date Shares Outstanding	79.87	80.63	80.63	80.63	80.63	80.63
Total Common Shares Outstanding	79.87	80.63	80.63	80.63	80.63	80.63
Total Debt	28.78	16.39	19.42	19.32	26.46	17.16
Net Cash (Debt)	230.28	278.6	703.34	458.5	370.17	374.06
Net Cash Growth	-67.99%	-60.39%	53.40%	23.86%	-1.04%	-1.00%
Net Cash Per Share	2.86	3.46	8.72	5.69	4.59	4.64
Book Value Per Share	13.31	12.50	10.48	9.08	8.52	8.13
Tangible Book Value	1,063	1,007	844.61	731.93	687.29	655.78
Tangible Book Value Per Share	13.30	12.49	10.48	9.08	8.52	8.13
Machinery	-	188	142.2	106.77	86.37	80.99
Construction In Progress	-	1.37	0.16	6.53	2.2	-
Leasehold Improvements	-	2.66	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.