Cornerstone 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	36,064	31,414	42,826	27,963	11,928	6,290
Investments in Equity & Preferred Securities	4,722	6,049	4,263	2,696	1,502	1,448
Policy Loans	-51.27	184.6	148.74	134	137.05	293.28
Other Investments	3,876	4,745	6,703	2,821	1,948	1,468
Total Investments	98,294	90,006	77,244	45,228	24,179	19,189
Cash & Equivalents	18,102	24,170	24,061	19,217	10,886	14,402
Reinsurance Recoverable	15,349	16,143	12,834	10,484	8,039	4,928
Other Receivables	3,442	1,181	1,233	1,262	952.12	994.27
Deferred Policy Acquisition Cost	-	-	-	-	-	853.73
Property, Plant & Equipment	5,894	5,968	4,323	3,731	2,978	1,838
Other Intangible Assets	9.14	10.53	15.17	8.06	6.27	11.81
Other Current Assets	1,181	1,320	587.88	515.78	429.29	5,022
Long-Term Deferred Tax Assets	-	-	-	861.21	861.21	861.21
Other Long-Term Assets	2,200	2,236	1,202	1,200	1,200	1,200
Total Assets	144,472	141,034	121,501	82,509	49,531	49,301
Accounts Payable	-	-	-	38.3	96.82	71.09
Accrued Expenses	1,591	2,348	3,725	2,183	721.57	631.87
Insurance & Annuity Liabilities	60,136	42,561	27,430	25,892	26,323	3,151
Unpaid Claims	-	15,963	20,100	12,879	-	9,029
Unearned Premiums	781.88	2,130	1,185	1,480	2,226	10,990
Reinsurance Payable	1,013	1,219	1,232	-	243.17	247.52
Current Income Taxes Payable	1,042	801.78	925.42	599.63	462.9	475.58
Long-Term Deferred Tax Liabilities	1,252	1,252	4,520	3,235	331.6	88.03
Other Current Liabilities	933.97	1,473	1,634	1,482	211.64	410.1
Other Long-Term Liabilities	1,446	425.43	253.28	800.15	668.58	3,735
Total Liabilities	68,195	68,174	61,004	48,590	31,285	28,829
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	52,989	51,485	44,633	21,957	8,255	10,591
Treasury Stock	-67.13	-67.13	-67.13	-67.13	-67.13	-67.13
Comprehensive Income & Other	13,105	11,202	5,885	2,301	477.97	387.89
Total Common Equity	75,294	71,886	59,717	33,457	17,932	20,178
Minority Interest	984.1	973.99	779.52	461.59	312.93	294.27
Shareholders' Equity	76,278	72,860	60,497	33,919	18,245	20,472
Total Liabilities & Equity	144,472	141,034	121,501	82,509	49,531	49,301
Filing Date Shares Outstanding	18,032	18,039	18,039	18,039	18,039	18,039
Total Common Shares Outstanding	18,032	18,039	18,039	18,039	18,039	18,039
Net Cash (Debt)	18,102	24,170	24,061	19,217	10,886	14,402
Net Cash Growth	-25.58%	0.45%	25.20%	76.54%	-24.42%	23.49%
Net Cash Per Share	1.00	1.34	1.33	1.07	0.60	0.80
Book Value Per Share	4.18	3.99	3.31	1.85	0.99	1.12
Tangible Book Value	75,284	71,876	59,702	33,449	17,926	20,166
Tangible Book Value Per Share	4.18	3.98	3.31	1.85	0.99	1.12
Land	3,356	3,356	2,525	2,100	1,884	1,266
Buildings	1,298	1,298	1,024	898.54	651.5	587.11
Machinery	3,677	3,563	2,670	2,357	1,888	1,677
Leasehold Improvements	64.88	64.88	64.88	64.88	64.88	64.88