Sovereign Trust Insurance Plc (NGX:SOVRENINS)

Sovereign Trust Insurance Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	2,961	3,006	674.06	487.94	406.48	99.14
Investments in Equity & Preferred Securities	783.38	610.1	430.84	462.13	462.49	136.33
Total Investments	7,079	6,378	3,652	3,046	2,808	1,671
Cash & Equivalents	5,080	15,144	11,960	8,679	7,983	7,274
Reinsurance Recoverable	6,737	6,531	2,581	2,481	808.75	1,176
Other Receivables	4,751	2,859	1,672	1,078	1,071	945.58
Deferred Policy Acquisition Cost	-	-	-	-	394.24	299.94
Property, Plant & Equipment	3,517	3,045	2,463	1,460	1,471	1,612
Other Intangible Assets	69.01	27.09	58.14	61.6	1.84	2.76
Restricted Cash	315	315	315	315	315	315
Other Current Assets	726.6	81.14	60.37	33.83	1,545	1,537
Other Long-Term Assets	0	-0	-	-	-	0
Total Assets	28,275	34,381	22,761	17,154	16,397	14,833
Accounts Payable	-	-	209.56	233.13	-	35
Accrued Expenses	2.72	138	71.88	24.5	28.53	62.83
Unpaid Claims	3,284	6,349	2,051	1,833	1,576	1,607
Unearned Premiums	3,723	4,226	2,683	2,344	2,759	2,308
Reinsurance Payable	-	363.66	-	-	305.13	302.15
Current Portion of Long-Term Debt	-	-	-	-	1,714	1,251
Current Income Taxes Payable	144.87	410.24	94.46	99.67	227.78	390.1
Long-Term Debt	4,865	5,825	3,625	2,079	-	-
Long-Term Leases	26.47	257.69	56.98	19.27	19.87	63.38
Long-Term Deferred Tax Liabilities	19.01	173.82	315.35	63.17	96.37	140.41
Other Current Liabilities	47.11	211.17	78.53	53.51	53.66	48.29
Other Long-Term Liabilities	132.78	0	-	-	0	-
Total Liabilities	12,269	17,966	9,186	6,749	6,780	6,207
Common Stock	7,114	7,114	7,114	5,682	5,682	5,682
Additional Paid-In Capital	33.81	33.81	33.81	74.06	74.06	74.06
Retained Earnings	8,900	8,430	5,760	4,486	3,453	2,479
Comprehensive Income & Other	-163.22	722.95	666.91	162.7	407.51	391.11
Total Common Equity	15,884	16,301	13,575	10,405	9,617	8,626
Minority Interest	121.54	113.78	-	-	-	-
Shareholders' Equity	16,006	16,415	13,575	10,405	9,617	8,626
Total Liabilities & Equity	28,275	34,381	22,761	17,154	16,397	14,833
Filing Date Shares Outstanding	14,228	14,228	14,228	11,364	11,364	11,364
Total Common Shares Outstanding	14,228	14,228	14,228	11,364	11,364	11,364
Total Debt	4,891	6,083	3,682	2,098	1,734	1,314
Net Cash (Debt)	188.56	9,061	8,278	6,581	6,249	5,960
Net Cash Growth	-97.72%	9.46%	25.79%	5.32%	4.84%	-0.49%
Net Cash Per Share	0.01	0.64	0.58	0.77	0.73	0.52
Book Value Per Share	1.12	1.15	0.95	0.92	0.85	0.76
Tangible Book Value	15,815	16,274	13,516	10,343	9,615	8,623
Tangible Book Value Per Share	1.11	1.14	0.95	0.91	0.85	0.76
Land	-	1,522	1,522	758.37	758.37	758.37
Buildings	-	727.16	645.48	422.26	422.26	410.2
Machinery	-	2,536	1,888	1,699	1,863	1,817
Leasehold Improvements	-	-	-	135.84	135.84	135.84

Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.