The United Insurance Company of Pakistan Limited (PSX: UNIC)

UNIC 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	760.56	1,104	1,218	617.5	80.75	12.3
Investments in Equity & Preferred Securities	44.79	40.86	29.11	30.78	756.91	749.55
Other Investments	1,721	910.38	805.26	980.44	768.44	924.24
Total Investments	2,983	2,388	2,304	1,681	1,637	1,691
Cash & Equivalents	393.21	588.92	894.35	764.87	457.3	222.85
Reinsurance Recoverable	2,670	3,216	3,247	1,737	1,745	1,726
Other Receivables	3,154	2,212	2,369	2,012	1,192	649.65
Property, Plant & Equipment	2,149	1,795	1,505	1,195	1,210	1,246
Other Intangible Assets	31.32	26.66	1.11	1.48	1.98	2.64
Restricted Cash	-	-	-	-	-	43.27
Other Current Assets	2,528	3,223	2,347	2,129	1,881	1,203
Long-Term Deferred Charges	468.73	401.48	316.88	375.49	212.91	240
Other Long-Term Assets	26.85	10.83	16.51	350.39	1,524	1,159
Total Assets	14,404	13,863	13,000	10,246	9,861	8,183
Accrued Expenses	-	466.59	230.81	151.68	43.99	48.21
Insurance & Annuity Liabilities	1,673	1,163	1,082	624.3	906.88	204.48
Unpaid Claims	3,338	3,558	3,758	2,008	1,758	1,891
Unearned Premiums	2,493	2,613	2,468	2,436	2,519	1,738
Current Portion of Leases	-	31.65	48.85	43.08	39.22	33.58
Current Income Taxes Payable	688.97	539.47	402.45	274.19	185.44	156.37
Long-Term Leases	219.74	17.18	33.98	50.08	52.26	44.24
Long-Term Deferred Tax Liabilities	196.6	193.16	150.56	126.53	151.34	175.74
Other Current Liabilities	-	206.61	143.82	142.67	69.25	19.53
Other Long-Term Liabilities	827.04	44.58	-	29.46	0.54	-
Total Liabilities	9,436	8,833	8,319	5,886	5,726	4,311
Common Stock	3,468	3,468	2,950	2,950	2,950	2,601
Retained Earnings	895.98	933.18	1,073	1,103	826.37	861.75
Comprehensive Income & Other	603.82	629.15	658.8	306.56	358.03	409.08
Shareholders' Equity	4,967	5,030	4,682	4,360	4,134	3,872
Total Liabilities & Equity	14,404	13,863	13,000	10,246	9,861	8,183
Filing Date Shares Outstanding	348.3	346.75	295	295	295	295
Total Common Shares Outstanding	348.3	346.75	295	295	295	295
Total Debt	219.74	48.83	82.83	93.16	91.48	77.82
Net Cash (Debt)	173.47	540.1	811.51	671.72	365.81	145.03
Net Cash Growth	-81.47%	-33.45%	20.81%	83.62%	152.24%	-70.43%
Net Cash Per Share	0.52	1.62	2.75	2.28	1.24	0.49
Book Value Per Share	14.26	14.51	15.87	14.78	14.01	13.12
Tangible Book Value	4,936	5,003	4,680	4,358	4,132	3,869
Tangible Book Value Per Share	14.17	14.43	15.87	14.77	14.01	13.12
Land	-	574.14	474.14	364.62	364.1	364.1
Buildings	-	443.01	352.71	261.38	261.38	259.65
Machinery	-	1,924	1,484	1,325	1,296	1,209
Construction In Progress	-	22.43	20.24	71.85	21.18	-

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