Universal Insurance Plc (NGX:UNIVINSURE)

Universal 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 Equity & Preferred Securities	-	2,347	3,050	2,532	2,325	2,005
Other Investments	3,976	2,897	-	-	-	2,450
Total Investments	11,788	7,652	9,188	7,806	7,577	6,341
Cash & Equivalents	2,826	3,079	1,137	573.79	197.14	392.57
Reinsurance Recoverable	3,328	970.62	970.62	650.69	385.39	440.88
Other Receivables	2,224	413.86	168.96	565.65	470.55	593
Deferred Policy Acquisition Cost	-	-	-	-	153.09	120.44
Property, Plant & Equipment	4,915	4,508	4,460	2,639	2,677	2,670
Other Intangible Assets	113.52	107.23	69.06	70.16	68.54	63.03
Other Current Assets	-	339.69	390.07	443.81	52.31	48.02
Long-Term Deferred Tax Assets	403.69	403.69	403.69	403.69	403.69	403.69
Other Long-Term Assets	335	334.97	335	335	335	335
Total Assets	25,933	17,809	17,122	13,487	12,320	11,408
Accounts Payable	208.86	588.91	767.55	15.6	28.42	-
Accrued Expenses	-	-	-	-	69.87	97.69
Insurance & Annuity Liabilities	8,398	3,988	2,584	1,488	-	-
Unpaid Claims	-	1,380	1,555	1,142	584.43	507.36
Unearned Premiums	-	-	-	-	974.08	758.21
Reinsurance Payable	-	-	-	-	206.12	199.34
Current Income Taxes Payable	10.79	38.89	16.78	21.97	7.64	28.24
Long-Term Deferred Tax Liabilities	386.67	296.88	386.67	386.67	386.67	296.88
Other Current Liabilities	517.34	41.17	58.83	91.4	19.99	18.9
Other Long-Term Liabilities	-0	-	-478.53	-	0	-
Total Liabilities	9,522	6,342	4,898	3,145	2,318	1,919
Common Stock	8,000	8,000	8,000	8,000	8,000	8,000
Additional Paid-In Capital	825.02	825.02	825.02	825.02	825.02	825.02
Retained Earnings	2,926	920.64	-456.93	-1,013	-1,354	-111.12
Comprehensive Income & Other	4,660	1,721	3,857	2,531	2,530	774.79
Shareholders' Equity	16,411	11,466	12,225	10,342	10,001	9,489
Total Liabilities & Equity	25,933	17,809	17,122	13,487	12,320	11,408
Filing Date Shares Outstanding	15,992	16,000	16,000	16,000	16,000	16,000
Total Common Shares Outstanding	15,992	16,000	16,000	16,000	16,000	16,000
Net Cash (Debt)	2,826	3,079	1,137	573.79	197.14	392.57
Net Cash Growth	16.78%	170.76%	98.18%	191.06%	-49.78%	251.35%
Net Cash Per Share	0.18	0.19	0.07	0.04	0.01	0.02
Book Value Per Share	1.03	0.72	0.76	0.65	0.63	0.59
Tangible Book Value	16,297	11,359	12,156	10,272	9,933	9,426
Tangible Book Value Per Share	1.02	0.71	0.76	0.64	0.62	0.59
Land	-	258.86	258.86	-	258.86	257.5
Buildings	-	4,857	4,458	-	3,159	3,103
Machinery	-	1,300	1,369	-	712.7	559.07

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