Shaheen Insurance Company Balance Sheet

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	321.44	224.34	283.74	-	-	87.18
Investments in Equity & Preferred Securities	144.65	0.71	0.32	114.74	164.04	66.78
Other Investments	80	35.55	33.68	30.1	27.19	-
Total Investments	723.38	580.38	875.55	312.17	358.48	309.21
Cash & Equivalents	153.96	251.46	281.49	722.76	477.82	396.63
Reinsurance Recoverable	46.87	459.26	397.81	228.73	146.98	72.45
Other Receivables	551.77	125.93	74.77	49.16	38.03	91.21
Property, Plant & Equipment	136.06	148.59	115.79	76.26	55.78	39.93
Other Intangible Assets	0.59	0.61	0.5	-	-	-
Other Current Assets	855.02	907.14	100.16	57.19	28.13	30.51
Long-Term Deferred Tax Assets	9.2	9.2	-	-	-	-
Long-Term Deferred Charges	58.25	69.34	93.44	42.57	29.15	15.51
Other Long-Term Assets	487.24	364.44	244.56	131.79	103.07	138.36
Total Assets	3,022	2,916	2,184	1,621	1,237	1,094
Accrued Expenses	-	201	178.88	154.98	109.57	102.08
Insurance & Annuity Liabilities	0.34	0.34	0.34	0.34	0.34	0.34
Unpaid Claims	309.15	253.24	196.68	207.56	128.96	85.85
Unearned Premiums	419.56	440.31	478.59	263.29	160.17	99.52
Reinsurance Payable	89.95	102.71	55.43	32.3	54.77	64.97
Current Portion of Leases	-	20.33	7.14	6.83	6.83	6.81
Current Income Taxes Payable	14.56	13.18	29.29	22.94	-	0.12
Long-Term Leases	42.03	29.25	9.25	12.58	12.48	19.65
Long-Term Deferred Tax Liabilities	-	0.39	-	-	-	-
Other Current Liabilities	3.18	8.53	6.88	5.43	6.9	6.2
Other Long-Term Liabilities	962.84	666.15	195.57	57.76	17.88	17.33
Total Liabilities	1,842	1,769	1,176	776.02	505.51	406.52
Common Stock	806.25	806.25	645	600	600	600
Retained Earnings	374.48	340.72	349.64	244.37	128.06	74.69
Comprehensive Income & Other	-	0.15	13.06	0.24	3.86	12.6
Shareholders' Equity	1,181	1,147	1,008	844.61	731.93	687.29
Total Liabilities & Equity	3,022	2,916	2,184	1,621	1,237	1,094
Filing Date Shares Outstanding	81.62	104.81	104.81	104.81	104.81	104.81
Total Common Shares Outstanding	81.62	104.81	104.81	104.81	104.81	104.81
Total Debt	42.03	49.57	16.39	19.42	19.32	26.46
Net Cash (Debt)	111.93	201.89	265.1	703.34	458.5	370.17
Net Cash Growth	-51.09%	-23.85%	-62.31%	53.40%	23.86%	-1.04%
Net Cash Per Share	1.07	1.93	2.53	6.71	4.37	3.53
Book Value Per Share	14.47	10.94	9.61	8.06	6.98	6.56
Tangible Book Value	1,180	1,147	1,007	844.61	731.93	687.29
Tangible Book Value Per Share	14.46	10.94	9.61	8.06	6.98	6.56
Machinery	-	209.95	188	142.2	106.77	86.37
Construction In Progress	-	1.55	1.37	0.16	6.53	2.2
Leasehold Improvements	-	2.54	2.66	-	-	-

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.