AIICO Insurance Plc (NGX:AIICO)

AIICO Insurance Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	153,498	119,902	89,669	86,048	66,328
Investments in Equity & Preferred Securities	9,511	5,392	10,557	3,994	5,000
Total Investments	342,494	267,440	226,220	174,013	189,100
Cash & Equivalents	35,161	18,423	15,915	25,490	31,913
Reinsurance Recoverable	21,097	17,116	10,691	7,909	5,561
Other Receivables	3,948	3,134	4,718	2,110	2,680
Deferred Policy Acquisition Cost	-	-	-	739.22	582.27
Property, Plant & Equipment	9,349	8,444	8,420	7,175	7,031
Goodwill	800.86	800.86	800.86	800.86	800.86
Other Intangible Assets	1,056	709.74	127.81	133.89	88.22
Restricted Cash	500	500	500	500	500
Other Current Assets	1,854	1,510	757.48	3,509	4,835
Long-Term Deferred Tax Assets	122.47	122.47	21.5	1.25	6.17
Other Long-Term Assets	-0	-0	-	-0	-
Total Assets	416,382	318,199	268,171	222,381	243,098
Accounts Payable	-	-	-	62.51	116.79
Accrued Expenses	5,988	4,705	2,664	2,077	2,481
Insurance & Annuity Liabilities	265,285	219,692	190,035	97,289	118,080
Unpaid Claims	-	-	-	16,502	12,993
Unearned Premiums	8,470	2,355	3,056	7,753	6,012
Reinsurance Payable	271.88	930.62	1,302	1,878	945.83
Current Income Taxes Payable	806.13	828.95	669.54	407.28	358.1
Long-Term Deferred Tax Liabilities	-	9.67	7.67	7.67	8.84
Other Current Liabilities	62,625	33,908	28,014	34,649	45,073
Other Long-Term Liabilities	4,562	3,831	3,213	22,830	21,835
Total Liabilities	348,669	266,261	228,961	184,007	208,439
Common Stock	18,303	18,303	18,303	18,303	7,844
Additional Paid-In Capital	64.75	64.75	64.75	64.75	7,037
Retained Earnings	44,537	31,451	20,454	19,356	17,340
Comprehensive Income & Other	4,253	1,656	-32.61	305.27	1,481
Total Common Equity	67,158	51,475	38,789	38,029	33,702
Minority Interest	554.3	463.81	422.4	345.3	957.24
Shareholders' Equity	67,712	51,939	39,211	38,374	34,659
Total Liabilities & Equity	416,382	318,199	268,171	222,381	243,098
Filing Date Shares Outstanding	36,605	36,605	36,605	36,605	36,605
Total Common Shares Outstanding	36,605	36,605	36,605	36,605	36,605
Net Cash (Debt)	35,161	18,423	15,915	25,490	31,913
Net Cash Growth	90.85%	15.76%	-37.56%	-20.13%	328.33%
Net Cash Per Share	0.96	0.50	0.43	0.70	0.87
Book Value Per Share	1.83	1.41	1.06	1.04	0.92
Tangible Book Value	65,301	49,964	37,860	37,094	32,813
Tangible Book Value Per Share	1.78	1.36	1.03	1.01	0.90
Land	2,065	2,065	2,065	1,715	1,715
Buildings	4,588	4,588	4,566	4,095	4,095
Machinery	7,159	6,147	5,696	4,261	4,188
Construction In Progress	504.99	85.7	9.86	22.42	88.21

Updated Jan 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.