Linkage Assurance Ratios and Metrics

Market cap in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '25 Dec 4, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Market Capitalization	32,525	18,172	11,200	5,600	7,140	5,200	Upgrade
Market Cap Growth	140.00%	62.25%	100.00%	-21.57%	37.31%	22.64%	Upgrade
Enterprise Value	26,556	14,590	7,674	1,688	4,014	3,423	Upgrade
PE Ratio	7.22	3.27	2.12	3.21	-	2.17	Upgrade
PS Ratio	1.35	0.90	0.77	0.41	0.98	0.58	Upgrade
PB Ratio	0.71	0.42	0.34	0.24	0.28	0.20	Upgrade
P/FCF Ratio	28.92	-	-	-	-	-	Upgrade
P/OCF Ratio	23.47	-	13.35	-	-	-	Upgrade
EV/Sales Ratio	1.10	0.72	0.53	0.12	0.55	0.38	Upgrade
EV/EBITDA Ratio	5.51	4.80	2.44	0.95	-	1.26	Upgrade
EV/EBIT Ratio	6.14	5.68	2.66	1.09	-	1.34	Upgrade
EV/FCF Ratio	23.62	-	-	-	-	-	Upgrade
Debt / EBITDA Ratio	-	-	-	-	-	0.00	Upgrade
Quick Ratio	1.29	8.27	1.17	8.88	0.92	0.62	Upgrade
Current Ratio	1.62	10.45	1.45	12.63	1.32	1.05	Upgrade
Asset Turnover	0.37	0.35	0.32	0.35	0.20	0.29	Upgrade
Return on Equity (ROE)	10.93%	14.63%	18.66%	7.17%	-15.50%	9.69%	Upgrade
Return on Assets (ROA)	4.11%	2.74%	4.00%	2.50%	-7.12%	5.12%	Upgrade
Return on Capital (ROIC)	6.56%	4.23%	6.37%	3.99%	-10.04%	6.48%	Upgrade
Earnings Yield	13.86%	30.55%	47.16%	31.17%	-55.89%	46.06%	Upgrade
FCF Yield	3.46%	-11.81%	-3.51%	-28.09%	-20.84%	-12.67%	Upgrade
Dividend Yield	2.15%	-	6.54%	-	-	-	Upgrade
Payout Ratio	-	12.61%	-	-	-	-	Upgrade
Total Shareholder Return	2.15%	-	6.54%	-	-	-	Upgrade

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.