Custodian Investment Plc (NGX:CUSTODIAN)

Custodian Investment 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	158,014	107,292	50,640	43,526	38,312
Investments in Equity & Preferred Securities	15,105	10,540	6,062	6,324	6,477
Policy Loans	145.44	109.28	98.77	90.43	94.95
Total Investments	301,491	208,333	151,280	130,238	127,905
Cash & Equivalents	44,660	25,052	22,045	17,173	12,269
Reinsurance Recoverable	17,175	13,133	8,801	3,338	3,606
Other Receivables	3,296	4,309	4,472	2,965	4,461
Deferred Policy Acquisition Cost	-	-	-	784.69	662.83
Property, Plant & Equipment	14,734	13,900	13,308	4,766	4,526
Other Intangible Assets	262.92	231.81	239.71	172.49	159.11
Restricted Cash	-	6.85	-	3.67	1,474
Other Current Assets	20,646	6,860	9,395	22,732	20,533
Other Long-Term Assets	4,013	3,191	2,672	2,299	560
Total Assets	406,278	275,017	212,212	184,472	176,156
Accounts Payable	8,058	3,959	3,201	3,026	2,260
Accrued Expenses	14,759	9,255	6,777	5,155	3,824
Insurance & Annuity Liabilities	193,974	144,510	92,429	66,867	88,947
Unpaid Claims	-	-	10,900	9,755	6,668
Unearned Premiums	25,610	14,854	16,948	13,814	1,614
Reinsurance Payable	1,756	1,065	605.1	529.32	506.82
Short-Term Debt	1,398	2,147	2,179	2,517	1,143
Current Income Taxes Payable	8,629	1,876	3,346	1,942	1,694
Long-Term Debt	-	-	-	-	4,279
Long-Term Deferred Tax Liabilities	8,248	7,057	2,067	2,134	1,659
Other Current Liabilities	10,407	6,588	5,704	3,014	3,666
Other Long-Term Liabilities	-	-	-	8,616	-
Total Liabilities	275,666	193,551	147,311	120,134	118,650
Common Stock	2,941	2,941	2,941	2,941	2,941
Additional Paid-In Capital	6,412	6,412	6,412	6,412	6,412
Retained Earnings	105,594	59,970	45,030	44,614	37,059
Comprehensive Income & Other	5,399	2,222	1,108	1,189	1,237
Total Common Equity	120,346	71,545	55,492	55,157	47,649
Minority Interest	10,266	9,921	9,409	9,180	9,857
Shareholders' Equity	130,612	81,466	64,901	64,337	57,506
Total Liabilities & Equity	406,278	275,017	212,212	184,472	176,156
Filing Date Shares Outstanding	5,882	5,882	5,882	5,882	5,882
Total Common Shares Outstanding	5,882	5,882	5,882	5,882	5,882
Total Debt	1,398	2,147	2,179	2,517	5,423
Net Cash (Debt)	43,262	22,905	19,866	14,656	6,847
Net Cash Growth	88.87%	15.30%	35.55%	114.06%	-26.52%
Net Cash Per Share	7.36	3.89	3.38	2.49	1.16
Book Value Per Share	20.46	12.16	9.43	9.38	8.10
Tangible Book Value	120,083	71,313	55,252	54,984	47,490
Tangible Book Value Per Share	20.42	12.12	9.39	9.35	8.07
Machinery	5,974	4,843	4,358	3,421	2,862

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