Fortis Global Insurance Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2014 - 2018
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2014 - 2018
Investments in Debt Securities	534.49	534.49	534.49	336.27	393.49	144.83	Upgrade
Investments in Equity & Preferred Securities	223.62	1,533	200.08	175.29	159.36	175.29	Upgrade
Policy Loans	66.79	66.79	66.79	66.79	66.79	68.09	Upgrade
Total Investments	12,620	6,271	4,872	4,645	4,718	5,119	Upgrade
Cash & Equivalents	540.67	644.27	695.78	1,946	1,166	1,260	Upgrade
Reinsurance Recoverable	-	-	-	368.24	368.24	401.93	Upgrade
Other Receivables	41.78	50.63	50.63	49.86	749.9	42.96	Upgrade
Deferred Policy Acquisition Cost	-	-	-	-	16.78	13.95	Upgrade
Property, Plant & Equipment	21.15	24.27	35.66	50.23	137.57	3,941	Upgrade
Other Intangible Assets	-	-	-	-	-	2.5	Upgrade
Restricted Cash	535	535	535	535	535	535	Upgrade
Other Current Assets	0.66	127.32	127.32	104.57	5.79	5.95	Upgrade
Other Long-Term Assets	-	-	-	0	-	-	Upgrade
Total Assets	13,760	7,652	6,316	7,698	7,697	11,322	Upgrade
Accrued Expenses	286.21	294.34	290.84	445.85	439.15	387.98	Upgrade
Insurance & Annuity Liabilities	4,856	5,147	5,227	2,285	3,266	2,067	Upgrade
Unpaid Claims	-	-	-	2,689	2,238	1,676	Upgrade
Unearned Premiums	-	-	-	64.2	115.76	186.27	Upgrade
Reinsurance Payable	-	36.26	36.26	36.26	36.26	36.26	Upgrade
Current Portion of Long-Term Debt	630.96	605.24	580.56	556.89	534.19	512.41	Upgrade
Current Portion of Leases	-	-	-	-	-	12.56	Upgrade
Short-Term Debt	-	-	-	-	101.53	201.53	Upgrade
Current Income Taxes Payable	278.09	273.74	273.74	273.74	316.82	317.89	Upgrade
Long-Term Debt	5,542	3,237	1,396	1,437	1,148	969.71	Upgrade
Long-Term Deferred Tax Liabilities	68.18	61.91	61.91	61.91	61.91	62.45	Upgrade
Other Current Liabilities	274.98	218.07	218.07	412.65	354.71	345.46	Upgrade
Other Long-Term Liabilities	2,898	2,619	2,571	2,584	455.52	595.77	Upgrade
Total Liabilities	14,835	12,493	10,657	10,847	9,069	7,382	Upgrade
Common Stock	6,456	6,456	6,456	6,456	6,456	6,456	Upgrade
Additional Paid-In Capital	7,485	7,485	7,485	7,485	7,485	7,485	Upgrade
Retained Earnings	-15,241	-20,207	-18,374	-17,157	-15,365	-13,232	Upgrade
Treasury Stock	-1.15	-1.15	-1.15	-1.15	-1.15	-1.15	Upgrade
Comprehensive Income & Other	226.96	1,427	94.33	69.54	53.6	3,233	Upgrade
Total Common Equity	-1,075	-4,840	-4,340	-3,148	-1,372	3,940	Upgrade
Shareholders' Equity	-1,075	-4,840	-4,340	-3,148	-1,372	3,940	Upgrade
Total Liabilities & Equity	13,760	7,652	6,316	7,698	7,697	11,322	Upgrade
Filing Date Shares Outstanding	12,911	12,911	12,911	12,911	12,911	12,911	Upgrade
Total Common Shares Outstanding	12,911	12,911	12,911	12,911	12,911	12,911	Upgrade
Total Debt	6,173	3,842	1,976	1,994	1,784	1,696	Upgrade
Net Cash (Debt)	-5,632	-3,198	-1,280	-48.46	-618.14	-436.56	Upgrade
Net Cash Per Share	-0.44	-0.25	-0.10	-0.00	-0.05	-0.03	Upgrade
Book Value Per Share	-0.08	-0.37	-0.34	-0.24	-0.11	0.31	Upgrade
Tangible Book Value	-1,075	-4,840	-4,340	-3,148	-1,372	3,938	Upgrade
Tangible Book Value Per Share	-0.08	-0.37	-0.34	-0.24	-0.11	0.30	Upgrade
Land	-	-	-	-	-	496.93	Upgrade
Buildings	-	-	-	-	64.63	3,583	Upgrade
Machinery	1,534	1,533	1,533	1,533	1,569	1,569	Upgrade
Construction In Progress	7.6	-	-	-	-	-	Upgrade

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