2022-23 SGI CANADA Annual Report
Financial assets
Cash and cash
equivalents
(thousands of $)
March 31, 2022
Carrying
amount
No
stated
Total maturity
More
0-6
7-12
months months
1-2
3-5
than 5
years
years
years
$ 53,492 $ 53,492 $
$
53,492 $
$
$
$
Accounts receivable
301,055 301,055
239,329
Investments
1,351,320 1,351,320 492,200
153,683
53,174
24,742 330,306
2,819
4,272
244,380
1,461
106,009
Unpaid claims
recoverable from
reinsurers
53,519
52,454
22,408
13,937
10,714
3,321
2,074
$1,759,386 $1,758,321 $492,200 $ 468,912 $ 91,853 $343,839 $251,973 $ 109,544
Financial liabilities
Accounts payable and
accrued liabilities
$
74,110 $ 74,110 $ 42,488 $
31,622 $
Dividend payable
5,000
5,000
5,000
Premium taxes payable
9,404
9,404
9,404
Amounts due to
reinsurers
43,658
43,658
43,658
Accrued pension
liabilities
11,818
11,818
11,818
Provision for unpaid
claims
740,299
716,798
Lease liability
11,293
12,062
A
$
+A
$
213,691
1,200
115,986
1,198
112,515 152,094
4,095
122,512
2,874
2,695
$ 895,582 $ 872,850 $ 54,306 $ 304,575 $117,184 $ 116,610 $ 154,968 $ 125,207
The estimated contractual maturities related to lease liabilities excludes the net effect of discounting of $0.6 million
(2022 $0.8 million) (note 7). The estimated contractual maturities related to the unpaid claims recoverable
from reinsurers excludes the net effect of discounting and PFAD of $0.3 million (2022 - $1.1 million) (note 10).
The estimated contractual maturities related to the provision for unpaid claims excludes the net effect of discounting
and PFAD of $10.1 million (2022 - $23.5 million) (note 10).
2022-23 SGI CANADA Annual Report 73View entire presentation