Wesure Global Tech Ltd (TLV: WESR)

Wesure Global Tech Balance Sheet

Financials in millions ILS. 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	-	602.22	540.78	-	-	0.12
Investments in Equity & Preferred Securities	174.18	1,070	896.77	13.82	-	-
Other Investments	9,829	7,032	6,743	254.52	-	-
Total Investments	10,912	9,691	9,138	289.37	150.5	57.3
Cash & Equivalents	744.58	731.84	913.27	120.7	62.22	18.09
Reinsurance Recoverable	4,416	4,471	4,248	371.85	217.41	75.87
Other Receivables	1,264	1,703	1,549	40.08	19.07	7.81
Deferred Policy Acquisition Cost	389.12	304.13	189.95	18.89	11.46	4.08
Property, Plant & Equipment	244.52	244.27	239.44	5.85	6.37	7.08
Goodwill	-	1.24	1.24	-	-	-
Other Intangible Assets	344.26	317.77	280.78	16.91	13.97	14.39
Other Current Assets	-	79.97	65.41	20.22	2.52	2.73
Long-Term Deferred Tax Assets	93.25	101.85	130.33	-	0.72	1.53
Total Assets	18,408	17,646	16,756	883.87	484.25	188.88
Accounts Payable	-	74.15	34.9	4.6	5.31	3.65
Accrued Expenses	-	154.6	185.77	6.63	4.75	1.03
Insurance & Annuity Liabilities	14,682	7,268	6,965	32.25	-	-
Unpaid Claims	-	5,298	5,006	349.48	-	-
Unearned Premiums	-	1,441	1,209	118.08	89.58	37.51
Reinsurance Payable	-	-	-	-	133.32	47.11
Current Income Taxes Payable	21.04	4.7	0.37	3.13	0.4	-
Long-Term Debt	-	868.14	874.68	20	11.13	1.5
Long-Term Leases	-	27.93	31.5	5.28	5.37	6.18
Long-Term Deferred Tax Liabilities	84.47	83.68	79.09	3.37	1.19	-
Other Current Liabilities	-	3.01	60.67	-	-	-
Other Long-Term Liabilities	2,866	1,754	1,717	215.19	204.9	66.37
Total Liabilities	17,722	17,042	16,230	762.96	456.97	164.34
Common Stock	416.26	416.2	414.11	118.09	0.13	0.13
Additional Paid-In Capital	-	-	-	-	29.67	29.67
Retained Earnings	128.11	62.65	22.24	0.64	-4.58	-6.81
Comprensive Income & Other	-37.24	-28.04	-39.74	2.18	2.06	1.55
Total Common Equity	507.13	450.81	396.61	120.91	27.28	24.54
Minority Interest	179.18	152.75	129.21	-	-	-
Shareholders' Equity	686.31	603.56	525.81	120.91	27.28	24.54
Total Liabilities & Equity	18,408	17,646	16,756	883.87	484.25	188.88
Filing Date Shares Outstanding	110.57	111.49	111.44	63.8	65.51	50.29
Total Common Shares Outstanding	110.57	111.49	111.44	63.8	65.51	50.29
Total Debt	-	896.06	906.17	25.28	16.5	7.68
Net Cash (Debt)	744.58	-164.23	7.1	95.42	45.72	10.41
Net Cash Growth	-	-	-92.56%	108.69%	339.03%	-75.98%
Net Cash Per Share	6.74	-1.47	0.08	1.49	0.89	0.08
Book Value Per Share	4.59	4.04	3.56	1.58	0.42	0.49
Tangible Book Value	162.87	131.8	114.59	104	13.3	10.15
Tangible Book Value Per Share	1.47	1.18	1.03	1.36	0.20	0.20
Land	-	292.92	278.84	6.01	-	-
Machinery	-	131.37	123.76	3.34	2.69	1.75
Leasehold Improvements	-	21.79	21.61	-	-	-

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