Fortis Global Insurance Plc (NGX:FTGINSURE)

Fortis Global Insurance Balance Sheet

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

Fiscal Year	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Investments in Debt Securities	336.27	393.49	144.83	49.72	41.63
Investments in Equity & Preferred Securities	175.29	159.36	175.29	233.72	258.51
Policy Loans	66.79	66.79	68.09	66.89	73.88
Total Investments	4,645	4,718	5,119	4,549	4,382
Cash & Equivalents	1,946	1,166	1,260	1,346	1,029
Reinsurance Recoverable	368.24	368.24	401.93	522.75	533.01
Other Receivables	49.86	749.9	42.96	106.39	71.36
Deferred Policy Acquisition Cost	-	16.78	13.95	54.68	106.44
Property, Plant & Equipment	50.23	137.57	3,941	6,285	6,308
Other Intangible Assets	-	-	2.5	5.88	9.26
Restricted Cash	535	535	535	535	535
Other Current Assets	104.57	5.79	5.95	56.03	114.52
Other Long-Term Assets	0	-	-	-	0
Total Assets	7,698	7,697	11,322	13,461	13,088
Accrued Expenses	383.67	373.74	352.49	261.01	189.63
Insurance & Annuity Liabilities	2,285	3,266	2,067	1,956	1,626
Unpaid Claims	2,689	2,238	1,676	2,259	2,084
Unearned Premiums	64.2	115.76	186.27	425.25	986.07
Reinsurance Payable	36.26	36.26	36.26	39.45	172.91
Current Portion of Long-Term Debt	556.89	534.19	512.41	1,370	1,304
Current Portion of Leases	-	-	12.56	9.17	26.47
Short-Term Debt	-	101.53	201.53	-	-
Current Income Taxes Payable	273.74	316.82	317.89	317.47	247.5
Long-Term Debt	1,437	1,148	969.71	-	-
Long-Term Leases	-	-	-	4.32	12.31
Long-Term Deferred Tax Liabilities	61.91	61.91	62.45	475.6	543.15
Other Current Liabilities	474.82	420.12	380.95	344.71	294.3
Other Long-Term Liabilities	2,584	455.52	595.77	660.15	368.24
Total Liabilities	10,847	9,069	7,382	8,130	7,865
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	-17,157	-15,365	-13,232	-12,016	-12,039
Treasury Stock	-1.15	-1.15	-1.15	-1.15	-2.85
Comprehensive Income & Other	69.54	53.6	3,233	3,408	3,325
Total Common Equity	-3,148	-1,372	3,940	5,331	5,224
Shareholders' Equity	-3,148	-1,372	3,940	5,331	5,224
Total Liabilities & Equity	7,698	7,697	11,322	13,461	13,088
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	1,994	1,784	1,696	1,383	1,343
Net Cash (Debt)	-48.46	-618.14	-436.56	-37.09	-313.81
Net Cash Per Share	-0.00	-0.05	-0.03	-0.00	-0.02
Book Value Per Share	-0.24	-0.11	0.31	0.41	0.40
Tangible Book Value	-3,148	-1,372	3,938	5,326	5,215
Tangible Book Value Per Share	-0.24	-0.11	0.30	0.41	0.40
Land	-	-	496.93	2,770	2,650
Buildings	-	64.63	3,583	3,583	3,583
Machinery	1,533	1,569	1,569	1,504	1,502

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