Fortis Global Insurance Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	534.49	-	534.49	534.49	336.27
Investments in Equity & Preferred Securities	233.38	-	1,533	200.08	175.29
Policy Loans	69.07	-	66.79	66.79	66.79
Other Investments	-	826.68	-	-	-
Total Investments	12,698	12,622	6,266	4,872	4,645
Cash & Equivalents	11,380	540.67	644.27	695.78	1,946
Reinsurance Recoverable	-	-	-	-	368.24
Other Receivables	86.14	40	41.78	50.63	49.86
Property, Plant & Equipment	260.49	21.15	24.25	35.66	50.23
Other Intangible Assets	10.75	-	-	-	-
Restricted Cash	535	535	535	535	535
Other Current Assets	81.48	0.66	0.66	1.07	104.57
Other Long-Term Assets	-	-	-	-	0
Total Assets	25,052	13,760	7,512	6,190	7,698
Accounts Payable	-	7.95	-	-	-
Accrued Expenses	626.65	-	146.11	142.61	445.85
Insurance & Annuity Liabilities	2,384	4,856	1,950	2,155	2,285
Unpaid Claims	2,929	-	3,112	3,072	2,689
Unearned Premiums	48.28	-	-	-	64.2
Reinsurance Payable	-	-	-	-	36.26
Current Portion of Long-Term Debt	651.07	-	605.24	580.56	556.89
Current Income Taxes Payable	416.92	278.09	276.02	273.74	273.74
Long-Term Debt	5,324	6,173	3,237	1,396	1,437
Long-Term Deferred Tax Liabilities	68.18	68.18	67.13	61.91	61.91
Other Current Liabilities	264.05	553.25	365.16	366.3	412.65
Other Long-Term Liabilities	2,991	2,898	2,667	2,571	2,584
Total Liabilities	15,702	14,835	12,426	10,620	10,847
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	-16,892	-15,241	-20,232	-18,416	-17,157
Treasury Stock	-1.15	-1.15	-1.15	-1.15	-1.15
Comprehensive Income & Other	12,302	226.96	1,379	46.03	69.54
Total Common Equity	9,350	-1,075	-4,914	-4,430	-3,148
Shareholders' Equity	9,350	-1,075	-4,914	-4,430	-3,148
Total Liabilities & Equity	25,052	13,760	7,512	6,190	7,698
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	5,975	6,173	3,842	1,976	1,994
Net Cash (Debt)	5,405	-5,632	-3,198	-1,280	-48.46
Net Cash Per Share	0.42	-0.44	-0.25	-0.10	-0.00
Book Value Per Share	0.72	-0.08	-0.38	-0.34	-0.24
Tangible Book Value	9,339	-1,075	-4,914	-4,430	-3,148
Tangible Book Value Per Share	0.72	-0.08	-0.38	-0.34	-0.24
Machinery	1,802	-	1,533	1,533	1,533

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