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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	45,918	44,386	27,963	11,928	6,290	5,799
Investments in Equity & Preferred Securities	4,840	4,263	2,696	1,502	1,448	1,523
Policy Loans	150.13	148.74	134	137.05	293.28	288.27
Other Investments	5,447	5,143	2,821	1,948	1,468	3,858
Total Investments	81,940	77,244	45,228	24,179	19,189	19,276
Cash & Equivalents	24,149	24,061	19,217	10,886	14,402	11,663
Reinsurance Recoverable	17,440	12,834	10,484	8,039	4,928	4,077
Other Receivables	5,754	1,346	1,262	952.12	994.27	466.33
Deferred Policy Acquisition Cost	-	-	-	-	853.73	567.6
Property, Plant & Equipment	4,786	4,323	3,731	2,978	1,838	1,780
Other Intangible Assets	15.78	15.17	8.06	6.27	11.81	17.65
Other Current Assets	477.67	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	135,762	121,501	82,509	49,531	49,301	43,828
Accounts Payable	-	21.85	38.3	96.82	71.09	115.72
Accrued Expenses	48.73	3,775	2,183	721.57	631.87	654.75
Insurance & Annuity Liabilities	53,086	48,688	38,771	26,323	3,151	5,013
Unpaid Claims	-	-	-	-	9,029	9,324
Unearned Premiums	965.71	1,185	1,480	2,226	10,990	6,511
Reinsurance Payable	1,647	-	-	243.17	247.52	234.13
Current Income Taxes Payable	1,073	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	5,790	836.03	1,482	211.64	410.1	130.28
Other Long-Term Liabilities	777.32	1,053	800.15	668.58	3,735	3,675
Total Liabilities	67,866	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	50,592	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	7,294	5,885	2,301	477.97	387.89	1,132
Total Common Equity	67,086	59,717	33,457	17,932	20,178	17,459
Minority Interest	810.88	779.52	461.59	312.93	294.27	265.65
Shareholders' Equity	67,896	60,497	33,919	18,245	20,472	17,724
Total Liabilities & Equity	135,762	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)	24,149	24,061	19,217	10,886	14,402	11,663
Net Cash Growth	6.26%	25.20%	76.54%	-24.42%	23.49%	-7.80%
Net Cash Per Share	1.34	1.33	1.07	0.60	0.80	0.65
Book Value Per Share	3.72	3.31	1.85	0.99	1.12	0.97
Tangible Book Value	67,070	59,702	33,449	17,926	20,166	17,441
Tangible Book Value Per Share	3.72	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	3,305	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 Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.