Sovereign Trust Insurance Plc (NGX:SOVRENINS)
Nigeria
· Delayed Price · Currency is NGN 2.920
-0.320 (-9.88%)
At close: Aug 15, 2025
Sovereign Trust Insurance Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 30, 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 |
| Premiums & Annuity Revenue | 48,881 | 38,372 | 19,323 | 15,702 | 7,276 | 6,542 | Upgrade
|
| Total Interest & Dividend Income | 1,838 | 1,118 | 911.03 | 299.4 | 316.87 | 448.2 | Upgrade
|
| Gain (Loss) on Sale of Investments | 129.82 | 208.67 | -187.3 | - | 219.43 | 112.84 | Upgrade
|
| Other Revenue | 387.3 | 310.43 | - | - | 779.22 | 1,016 | Upgrade
|
| Total Revenue | 51,236 | 40,009 | 20,047 | 16,001 | 8,592 | 8,119 | Upgrade
|
| Revenue Growth (YoY) | 155.58% | 99.58% | 25.28% | 86.24% | 5.83% | 11.30% | Upgrade
|
| Policy Benefits | 43,570 | 33,530 | 11,628 | 9,848 | 3,169 | 3,486 | Upgrade
|
| Policy Acquisition & Underwriting Costs | - | - | 4,331 | 2,730 | 2,411 | 1,974 | Upgrade
|
| Amortization of Goodwill & Intangibles | 19.2 | 31.05 | 45.4 | 30.76 | 0.92 | - | Upgrade
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| Depreciation & Amortization | 415.39 | 337.56 | 186.65 | 102.17 | 199.34 | - | Upgrade
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| Selling, General & Administrative | 38.96 | 31.92 | 37.43 | 31.32 | 684.37 | 1,741 | Upgrade
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| Provision for Bad Debts | - | - | - | 0.4 | -5.11 | 6.26 | Upgrade
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| Other Operating Expenses | 2,229 | 1,636 | 907.76 | 445.81 | 61.6 | 99.17 | Upgrade
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| Total Operating Expenses | 48,250 | 37,422 | 18,614 | 14,359 | 7,457 | 7,306 | Upgrade
|
| Operating Income | 2,985 | 2,587 | 1,433 | 1,642 | 1,135 | 813.16 | Upgrade
|
| Interest Expense | -29.07 | -28.85 | -59.36 | -265.97 | -217.62 | -39.46 | Upgrade
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| Earnings From Equity Investments | - | - | 8.19 | 8.42 | 0.32 | 3.89 | Upgrade
|
| Currency Exchange Gain (Loss) | 906.41 | 906.41 | 34.25 | 67.87 | -38.96 | - | Upgrade
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| Other Non Operating Income (Expenses) | - | 0 | - | -3.13 | 6.24 | -11.8 | Upgrade
|
| EBT Excluding Unusual Items | 3,863 | 3,465 | 1,416 | 1,449 | 884.69 | 765.79 | Upgrade
|
| Gain (Loss) on Sale of Assets | - | - | - | 1.3 | - | - | Upgrade
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| Asset Writedown | - | - | - | - | 1.07 | 30.32 | Upgrade
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| Other Unusual Items | - | - | - | -1.83 | - | - | Upgrade
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| Pretax Income | 3,918 | 3,465 | 1,416 | 1,448 | 885.76 | 796.11 | Upgrade
|
| Income Tax Expense | 358.7 | 377.6 | 141.79 | 61.69 | -88.98 | 108.41 | Upgrade
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| Earnings From Continuing Ops. | 3,559 | 3,087 | 1,274 | 1,387 | 974.73 | 687.7 | Upgrade
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| Minority Interest in Earnings | -13.24 | -13.24 | - | - | - | - | Upgrade
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| Net Income | 3,546 | 3,074 | 1,274 | 1,387 | 974.73 | 687.7 | Upgrade
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| Net Income to Common | 3,546 | 3,074 | 1,274 | 1,387 | 974.73 | 687.7 | Upgrade
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| Net Income Growth | 178.35% | 141.30% | -8.13% | 42.27% | 41.74% | 36.62% | Upgrade
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| Shares Outstanding (Basic) | 14,228 | 14,228 | 14,228 | 8,593 | 8,593 | 11,364 | Upgrade
|
| Shares Outstanding (Diluted) | 14,228 | 14,228 | 14,228 | 8,593 | 8,593 | 11,364 | Upgrade
|
| Shares Change (YoY) | - | - | 65.58% | - | -24.39% | 32.26% | Upgrade
|
| EPS (Basic) | 0.25 | 0.22 | 0.09 | 0.16 | 0.11 | 0.06 | Upgrade
|
| EPS (Diluted) | 0.25 | 0.22 | 0.09 | 0.16 | 0.11 | 0.06 | Upgrade
|
| EPS Growth | 178.35% | 141.31% | -44.52% | 42.27% | 87.46% | 3.30% | Upgrade
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| Free Cash Flow | 7,213 | 6,323 | 2,635 | 1,458 | 1,668 | 173.43 | Upgrade
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| Free Cash Flow Per Share | 0.51 | 0.44 | 0.18 | 0.17 | 0.19 | 0.01 | Upgrade
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| Dividend Per Share | 0.050 | 0.050 | 0.030 | - | - | - | Upgrade
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| Dividend Growth | 66.67% | 66.67% | - | - | - | - | Upgrade
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| Operating Margin | 5.83% | 6.47% | 7.15% | 10.26% | 13.21% | 10.02% | Upgrade
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| Profit Margin | 6.92% | 7.68% | 6.35% | 8.67% | 11.34% | 8.47% | Upgrade
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| Free Cash Flow Margin | 14.08% | 15.80% | 13.14% | 9.11% | 19.41% | 2.14% | Upgrade
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| EBITDA | 3,208 | 2,771 | 1,560 | 1,728 | 1,318 | 954.43 | Upgrade
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| EBITDA Margin | 6.26% | 6.93% | 7.78% | 10.80% | 15.34% | 11.76% | Upgrade
|
| D&A For EBITDA | 222.35 | 183.23 | 127.07 | 86.42 | 183.59 | 141.26 | Upgrade
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| EBIT | 2,985 | 2,587 | 1,433 | 1,642 | 1,135 | 813.16 | Upgrade
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| EBIT Margin | 5.83% | 6.47% | 7.15% | 10.26% | 13.21% | 10.02% | Upgrade
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| Effective Tax Rate | 9.16% | 10.90% | 10.02% | 4.26% | - | 13.62% | Upgrade
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Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.