Fortis Global Insurance Plc (NGX:FTGINSURE)

Fortis Global Insurance Balance Sheet

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

Fiscal Year	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Investments in Debt Securities	534.49	336.27	393.49	144.83	49.72
Investments in Equity & Preferred Securities	200.08	175.29	159.36	175.29	233.72
Policy Loans	67.35	66.79	66.79	68.09	66.89
Total Investments	4,872	4,645	4,718	5,119	4,549
Cash & Equivalents	695.78	1,946	1,166	1,260	1,346
Reinsurance Recoverable	324.04	368.24	368.24	401.93	522.75
Other Receivables	50.08	49.86	749.9	42.96	106.39
Deferred Policy Acquisition Cost	-	-	16.78	13.95	54.68
Property, Plant & Equipment	35.66	50.23	137.57	3,941	6,285
Other Intangible Assets	-	-	-	2.5	5.88
Restricted Cash	535	535	535	535	535
Other Current Assets	127.32	104.57	5.79	5.95	56.03
Other Long-Term Assets	-	0	-	-	-
Total Assets	6,640	7,698	7,697	11,322	13,461
Accrued Expenses	76.28	437.9	424.1	387.98	261.01
Insurance & Annuity Liabilities	2,347	2,285	3,266	2,067	1,956
Unpaid Claims	2,730	2,689	2,238	1,676	2,259
Unearned Premiums	2.07	64.2	115.76	186.27	425.25
Reinsurance Payable	-	36.26	36.26	36.26	39.45
Current Portion of Long-Term Debt	580.56	556.89	534.19	512.41	1,370
Current Portion of Leases	-	-	-	12.56	9.17
Short-Term Debt	-	-	101.53	201.53	-
Current Income Taxes Payable	273.74	273.74	316.82	317.89	317.47
Long-Term Debt	1,396	1,437	1,148	969.71	-
Long-Term Leases	-	-	-	-	4.32
Long-Term Deferred Tax Liabilities	61.91	61.91	61.91	62.45	475.6
Other Current Liabilities	420.66	420.6	369.76	345.46	344.71
Other Long-Term Liabilities	2,714	2,584	455.52	595.77	660.15
Total Liabilities	10,603	10,847	9,069	7,382	8,130
Common Stock	6,456	6,456	6,456	6,456	6,456
Additional Paid-In Capital	7,485	7,485	7,485	7,485	7,485
Retained Earnings	-17,996	-17,157	-15,365	-13,232	-12,016
Treasury Stock	-1.15	-1.15	-1.15	-1.15	-1.15
Comprehensive Income & Other	94.33	69.54	53.6	3,233	3,408
Total Common Equity	-3,962	-3,148	-1,372	3,940	5,331
Shareholders' Equity	-3,962	-3,148	-1,372	3,940	5,331
Total Liabilities & Equity	6,640	7,698	7,697	11,322	13,461
Filing Date Shares Outstanding	12,911	12,911	12,911	12,911	12,911
Total Common Shares Outstanding	12,911	12,911	12,911	12,911	12,911
Total Debt	1,976	1,994	1,784	1,696	1,383
Net Cash (Debt)	-1,280	-48.46	-618.14	-436.56	-37.09
Net Cash Per Share	-0.10	-0.00	-0.05	-0.03	-0.00
Book Value Per Share	-0.31	-0.24	-0.11	0.31	0.41
Tangible Book Value	-3,962	-3,148	-1,372	3,938	5,326
Tangible Book Value Per Share	-0.31	-0.24	-0.11	0.30	0.41
Land	-	-	-	496.93	2,770
Buildings	-	-	64.63	3,583	3,583
Machinery	1,533	1,533	1,569	1,569	1,504

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