NIC Holdings Limited (UGSE: NIC)

NIC Holdings Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	5,024	5,024	8,749	6,905	5,091	4,130
Policy Loans	-	-	45.62	37.72	62.5	63.88
Other Investments	12,711	12,711	21,158	8,158	8,101	7,887
Total Investments	76,042	76,042	87,872	70,034	34,468	34,100
Cash & Equivalents	2,468	2,468	1,133	608.2	1,162	2,585
Reinsurance Recoverable	843.89	843.89	90.9	9,138	9,634	6,284
Other Receivables	1,770	1,770	2,795	10,734	7,673	6,898
Deferred Policy Acquisition Cost	-	-	-	1,882	1,529	541.01
Property, Plant & Equipment	13,404	13,404	12,517	11,494	7,565	6,704
Other Intangible Assets	62.03	62.03	95.36	126.62	203.67	214.01
Restricted Cash	1,208	1,208	1,301	1,209	760.39	774.89
Other Current Assets	768.42	768.42	597.21	810.13	39,722	36,886
Other Long-Term Assets	-	-	-	-	-0	-
Total Assets	96,567	96,567	106,402	106,036	102,718	94,987
Accrued Expenses	5,858	5,858	8,307	7,342	8,163	7,949
Insurance & Annuity Liabilities	3,882	3,882	4,290	4,260	2,634	3,128
Unpaid Claims	11,174	11,174	9,003	2,171	3,088	1,205
Unearned Premiums	-	-	-	14,197	12,631	10,610
Reinsurance Payable	402.24	402.24	526.85	7,685	6,766	6,976
Current Portion of Long-Term Debt	5,022	5,022	3,675	-	-	-
Current Portion of Leases	524.12	524.12	524.12	361.51	358.95	368.5
Short-Term Debt	517.17	517.17	-	-	-	-
Current Income Taxes Payable	4,640	4,640	4,623	5,689	5,575	5,749
Long-Term Debt	-	-	7,510	-	-	-
Long-Term Leases	468.74	468.74	652.61	329.6	929.98	68.11
Long-Term Deferred Tax Liabilities	2,609	2,609	3,104	4,042	3,073	2,662
Other Current Liabilities	1,349	1,349	593.99	1,897	599.04	8,921
Other Long-Term Liabilities	19,229	19,229	19,395	19,317	23,547	14,199
Total Liabilities	55,676	55,676	62,205	67,290	67,365	61,836
Common Stock	10,618	10,618	10,618	7,079	7,079	7,079
Additional Paid-In Capital	67.42	67.42	67.42	3,607	3,607	3,607
Retained Earnings	27,388	27,388	29,185	24,761	21,617	19,880
Comprehensive Income & Other	2,817	2,817	4,327	3,299	3,051	2,585
Shareholders' Equity	40,891	40,891	44,197	38,745	35,353	33,151
Total Liabilities & Equity	96,567	96,567	106,402	106,036	102,718	94,987
Filing Date Shares Outstanding	2,124	2,124	2,124	2,124	2,124	2,124
Total Common Shares Outstanding	2,124	2,124	2,124	2,124	2,124	2,124
Total Debt	6,532	6,532	12,361	691.11	1,289	436.61
Net Cash (Debt)	-4,064	-4,064	-11,228	-82.92	-127.08	2,148
Net Cash Growth	-	-	-	-	-	82.17%
Net Cash Per Share	-1.91	-1.91	-5.29	-0.04	-0.06	1.01
Book Value Per Share	19.25	19.25	20.81	18.24	16.65	15.61
Tangible Book Value	40,829	40,829	44,102	38,619	35,150	32,937
Tangible Book Value Per Share	19.23	19.23	20.77	18.18	16.55	15.51
Land	4,935	4,935	4,935	4,606	2,548	2,340
Buildings	6,425	6,425	6,110	5,734	3,172	3,328
Machinery	4,172	4,172	3,151	3,110	3,091	2,736

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