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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	134.78	1,104	1,218	617.5	80.75	12.3
Investments in Equity & Preferred Securities	42.68	40.86	29.11	30.78	756.91	749.55
Other Investments	917.94	910.38	805.26	980.44	768.44	924.24
Total Investments	1,524	2,388	2,304	1,681	1,637	1,691
Cash & Equivalents	505.15	588.92	894.35	764.87	457.3	222.85
Reinsurance Recoverable	2,650	3,216	3,247	1,737	1,745	1,726
Other Receivables	3,327	2,212	2,369	2,012	1,192	649.65
Property, Plant & Equipment	1,817	1,795	1,505	1,195	1,210	1,246
Other Intangible Assets	33.66	26.66	1.11	1.48	1.98	2.64
Restricted Cash	-	-	-	-	-	43.27
Other Current Assets	2,820	3,223	2,347	2,129	1,881	1,203
Long-Term Deferred Charges	382.17	401.48	316.88	375.49	212.91	240
Other Long-Term Assets	935.39	10.83	16.51	350.39	1,524	1,159
Total Assets	13,994	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	1,162	1,163	1,082	624.3	906.88	204.48
Unpaid Claims	3,478	3,558	3,758	2,008	1,758	1,891
Unearned Premiums	2,353	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	781.58	539.47	402.45	274.19	185.44	156.37
Long-Term Leases	34.7	17.18	33.98	50.08	52.26	44.24
Long-Term Deferred Tax Liabilities	144.42	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	682	44.58	-	29.46	0.54	-
Total Liabilities	8,635	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	1,280	933.18	1,073	1,103	826.37	861.75
Comprensive Income & Other	611.33	629.15	658.8	306.56	358.03	409.08
Shareholders' Equity	5,359	5,030	4,682	4,360	4,134	3,872
Total Liabilities & Equity	13,994	13,863	13,000	10,246	9,861	8,183
Filing Date Shares Outstanding	346.53	346.75	295	295	295	295
Total Common Shares Outstanding	346.53	346.75	295	295	295	295
Total Debt	34.7	48.83	82.83	93.16	91.48	77.82
Net Cash (Debt)	470.45	540.1	811.51	671.72	365.81	145.03
Net Cash Growth	-21.50%	-33.45%	20.81%	83.62%	152.24%	-70.43%
Net Cash Per Share	1.36	1.62	2.75	2.28	1.24	0.49
Book Value Per Share	15.46	14.51	15.87	14.78	14.01	13.12
Tangible Book Value	5,325	5,003	4,680	4,358	4,132	3,869
Tangible Book Value Per Share	15.37	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.