Cornerstone Insurance Plc (NGX:CORNERST)

Cornerstone 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	44,183	44,386	27,963	11,928	6,290	5,799
Investments in Equity & Preferred Securities	4,516	4,263	2,696	1,502	1,448	1,523
Policy Loans	153.97	148.74	134	137.05	293.28	288.27
Other Investments	5,463	5,143	2,821	1,948	1,468	3,858
Total Investments	78,659	77,244	45,228	24,179	19,189	19,276
Cash & Equivalents	24,324	24,061	19,217	10,886	14,402	11,663
Reinsurance Recoverable	14,116	12,834	10,484	8,039	4,928	4,077
Other Receivables	3,415	1,346	1,262	952.12	994.27	466.33
Deferred Policy Acquisition Cost	-	-	-	-	853.73	567.6
Property, Plant & Equipment	4,305	4,323	3,731	2,978	1,838	1,780
Other Intangible Assets	14.02	15.17	8.06	6.27	11.81	17.65
Other Current Assets	494.12	477.66	515.78	429.29	5,022	3,943
Long-Term Deferred Tax Assets	-	-	861.21	861.21	861.21	838
Other Long-Term Assets	1,200	1,200	1,200	1,200	1,200	1,200
Total Assets	126,528	121,501	82,509	49,531	49,301	43,828
Accounts Payable	28.03	21.85	38.3	96.82	71.09	115.72
Accrued Expenses	3,397	3,775	2,183	721.57	631.87	654.75
Insurance & Annuity Liabilities	49,639	48,688	38,771	26,323	3,151	5,013
Unpaid Claims	-	-	-	-	9,029	9,324
Unearned Premiums	1,503	1,185	1,480	2,226	10,990	6,511
Reinsurance Payable	312.08	-	-	243.17	247.52	234.13
Current Income Taxes Payable	1,145	925.42	599.63	462.9	475.58	445.8
Long-Term Deferred Tax Liabilities	4,478	4,520	3,235	331.6	88.03	-
Other Current Liabilities	2,469	836.03	1,482	211.64	410.1	130.28
Other Long-Term Liabilities	964.22	1,053	800.15	668.58	3,735	3,675
Total Liabilities	63,935	61,004	48,590	31,285	28,829	26,104
Common Stock	9,083	9,083	9,083	9,083	9,083	9,083
Additional Paid-In Capital	183.17	183.17	183.17	183.17	183.17	183.17
Retained Earnings	46,196	44,633	21,957	8,255	10,591	7,119
Treasury Stock	-67.13	-67.13	-67.13	-67.13	-67.13	-58.44
Comprehensive Income & Other	6,403	5,885	2,301	477.97	387.89	1,132
Total Common Equity	61,798	59,717	33,457	17,932	20,178	17,459
Minority Interest	793.9	779.52	461.59	312.93	294.27	265.65
Shareholders' Equity	62,592	60,497	33,919	18,245	20,472	17,724
Total Liabilities & Equity	126,528	121,501	82,509	49,531	49,301	43,828
Filing Date Shares Outstanding	18,039	18,039	18,039	18,039	18,039	18,053
Total Common Shares Outstanding	18,039	18,039	18,039	18,039	18,039	18,053
Net Cash (Debt)	24,324	24,061	19,217	10,886	14,402	11,663
Net Cash Growth	3.80%	25.20%	76.54%	-24.42%	23.49%	-7.80%
Net Cash Per Share	1.35	1.33	1.07	0.60	0.80	0.65
Book Value Per Share	3.43	3.31	1.85	0.99	1.12	0.97
Tangible Book Value	61,784	59,702	33,449	17,926	20,166	17,441
Tangible Book Value Per Share	3.43	3.31	1.85	0.99	1.12	0.97
Land	2,525	2,525	2,100	1,884	1,266	1,266
Buildings	1,024	1,024	898.54	651.5	587.11	585.34
Machinery	2,708	2,670	2,357	1,888	1,677	1,529
Leasehold Improvements	64.88	64.88	64.88	64.88	64.88	64.88

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