Shaheen Insurance Company Limited (PSX:SHNI)

Shaheen Insurance Company Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	283.74	-	-	87.18	87.43
Investments in Equity & Preferred Securities	388.93	114.74	164.04	66.78	62.74
Other Investments	56.14	30.1	27.19	-	27
Total Investments	898.01	312.17	358.48	309.21	312.79
Cash & Equivalents	294.99	722.76	477.82	396.63	391.23
Reinsurance Recoverable	397.81	228.73	146.98	72.45	85.3
Other Receivables	75.72	49.16	38.03	91.21	119.66
Property, Plant & Equipment	115.79	76.26	55.78	39.93	22.02
Other Intangible Assets	0.5	-	-	-	0.03
Other Current Assets	63.25	57.19	28.13	30.51	43.86
Long-Term Deferred Charges	93.44	42.57	29.15	15.51	16.24
Other Long-Term Assets	94.5	131.79	103.07	138.36	100.85
Total Assets	2,034	1,621	1,237	1,094	1,092
Accrued Expenses	178.88	154.98	109.57	102.08	97.24
Insurance & Annuity Liabilities	0.34	0.34	0.34	0.34	0.54
Unpaid Claims	196.68	207.56	128.96	85.85	127.31
Unearned Premiums	478.59	263.29	160.17	99.52	96.65
Reinsurance Payable	55.43	32.3	54.77	64.97	76.47
Current Portion of Leases	7.14	6.83	6.83	6.81	17.16
Current Income Taxes Payable	29.29	22.94	-	0.12	0.05
Long-Term Leases	9.25	12.58	12.48	19.65	-
Other Current Liabilities	6.88	5.43	6.9	6.2	8.72
Other Long-Term Liabilities	45.51	57.76	17.88	17.33	9.65
Total Liabilities	1,026	776.02	505.51	406.52	436.16
Common Stock	645	600	600	600	600
Retained Earnings	349.64	244.37	128.06	74.69	43.61
Comprehensive Income & Other	13.06	0.24	3.86	12.6	12.2
Shareholders' Equity	1,008	844.61	731.93	687.29	655.81
Total Liabilities & Equity	2,034	1,621	1,237	1,094	1,092
Filing Date Shares Outstanding	64.5	64.5	64.5	64.5	64.5
Total Common Shares Outstanding	64.5	64.5	64.5	64.5	64.5
Total Debt	16.39	19.42	19.32	26.46	17.16
Net Cash (Debt)	278.6	703.34	458.5	370.17	374.06
Net Cash Growth	-60.39%	53.40%	23.86%	-1.04%	-1.00%
Net Cash Per Share	4.32	10.90	7.11	5.74	5.80
Book Value Per Share	15.62	13.09	11.35	10.66	10.17
Tangible Book Value	1,007	844.61	731.93	687.29	655.78
Tangible Book Value Per Share	15.62	13.09	11.35	10.66	10.17
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 Oct 30, 2024. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.