AIICO Insurance Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	215,080	197,105	153,477	119,902	89,669	86,048
Investments in Equity & Preferred Securities	-	14,952	9,511	5,392	10,557	3,994
Other Investments	36,166	-	-	-	-	-
Total Investments	542,797	472,044	342,474	267,440	226,220	174,013
Cash & Equivalents	35,780	46,774	35,162	18,423	15,915	25,490
Reinsurance Recoverable	33,922	28,159	21,097	17,116	10,691	7,909
Other Receivables	15,492	6,767	4,097	3,134	4,718	2,110
Deferred Policy Acquisition Cost	-	-	-	-	-	739.22
Property, Plant & Equipment	20,388	20,184	9,349	8,444	8,420	7,175
Goodwill	-	800.86	800.86	800.86	800.86	800.86
Other Intangible Assets	3,772	2,961	1,058	709.74	127.81	133.89
Restricted Cash	500	500	500	500	500	500
Other Current Assets	-	1,370	1,836	1,510	757.48	3,509
Long-Term Deferred Tax Assets	115.33	106.29	106.29	122.47	21.5	1.25
Other Long-Term Assets	-	-0	-0	-0	-	-0
Total Assets	652,766	579,667	416,481	318,199	268,171	222,381
Accounts Payable	4,373	-	-	-	-	62.51
Accrued Expenses	-	9,550	5,399	4,705	2,664	2,077
Insurance & Annuity Liabilities	385,214	352,363	265,334	219,692	190,035	97,289
Unpaid Claims	-	-	-	-	-	16,502
Unearned Premiums	-	2,820	8,470	2,355	3,056	7,753
Reinsurance Payable	1,986	1,672	271.88	930.62	1,302	1,878
Current Income Taxes Payable	2,348	2,068	814.44	828.95	669.54	407.28
Long-Term Deferred Tax Liabilities	3,691	628.38	628.38	9.67	7.67	7.67
Other Current Liabilities	144,920	109,968	63,143	33,908	28,014	34,649
Other Long-Term Liabilities	5,968	5,623	4,615	3,831	3,213	22,830
Total Liabilities	548,500	484,694	348,675	266,261	228,961	184,007
Common Stock	18,303	18,303	18,303	18,303	18,303	18,303
Additional Paid-In Capital	64.75	64.75	64.75	64.75	64.75	64.75
Retained Earnings	69,846	59,828	44,607	31,451	20,454	19,356
Comprehensive Income & Other	15,283	16,116	4,253	1,656	-32.61	305.27
Total Common Equity	103,496	94,311	67,228	51,475	38,789	38,029
Minority Interest	769.44	661.86	577.54	463.81	422.4	345.3
Shareholders' Equity	104,266	94,973	67,805	51,939	39,211	38,374
Total Liabilities & Equity	652,766	579,667	416,481	318,199	268,171	222,381
Filing Date Shares Outstanding	36,585	36,605	36,605	36,605	36,605	36,605
Total Common Shares Outstanding	36,585	36,605	36,605	36,605	36,605	36,605
Net Cash (Debt)	35,780	46,774	35,162	18,423	15,915	25,490
Net Cash Growth	101.13%	33.03%	90.85%	15.76%	-37.56%	-20.13%
Net Cash Per Share	0.97	1.28	0.96	0.50	0.43	0.70
Book Value Per Share	2.83	2.58	1.84	1.41	1.06	1.04
Tangible Book Value	99,724	90,549	65,369	49,964	37,860	37,094
Tangible Book Value Per Share	2.73	2.47	1.79	1.36	1.03	1.01
Land	-	5,272	2,065	2,065	2,065	1,715
Buildings	-	11,298	4,588	4,588	4,566	4,095
Machinery	-	7,942	7,154	6,147	5,696	4,261
Construction In Progress	-	1,185	504.99	85.7	9.86	22.42

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