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	544.35	532.16	534.49	534.49	336.27
Investments in Equity & Preferred Securities	228.76	223.62	1,533	200.08	175.29
Policy Loans	69.13	69.13	66.79	66.79	66.79
Total Investments	12,708	12,620	6,266	4,872	4,645
Cash & Equivalents	11,499	540.67	644.27	695.78	1,946
Reinsurance Recoverable	7.37	-	-	-	368.24
Other Receivables	58.93	41.78	41.78	50.63	49.86
Property, Plant & Equipment	238.6	21.15	24.25	35.66	50.23
Other Intangible Assets	10.51	-	-	-	-
Restricted Cash	535	535	535	535	535
Other Current Assets	96.55	0.66	0.66	1.07	104.57
Other Long-Term Assets	-	-	-	-	0
Total Assets	25,154	13,760	7,512	6,190	7,698
Accounts Payable	-	7.95	-	-	-
Accrued Expenses	617.11	118.41	146.11	142.61	445.85
Insurance & Annuity Liabilities	2,293	1,933	1,950	2,155	2,285
Unpaid Claims	2,763	2,923	3,112	3,072	2,689
Unearned Premiums	-	-	-	-	64.2
Reinsurance Payable	-	-	-	-	36.26
Current Portion of Long-Term Debt	651.07	630.96	605.24	580.56	556.89
Current Income Taxes Payable	280.77	278.09	276.02	273.74	273.74
Long-Term Debt	5,323	5,542	3,237	1,396	1,437
Long-Term Deferred Tax Liabilities	68.18	68.18	67.13	61.91	61.91
Other Current Liabilities	216.22	243.07	365.16	366.3	412.65
Other Long-Term Liabilities	3,729	2,915	2,667	2,571	2,584
Total Liabilities	15,941	14,660	12,426	10,620	10,847
Total Preferred Equity	175	175	-	-	-
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	-17,134	-15,241	-20,232	-18,416	-17,157
Treasury Stock	-1.15	-1.15	-1.15	-1.15	-1.15
Comprehensive Income & Other	12,232	226.96	1,379	46.03	69.54
Total Common Equity	9,038	-1,075	-4,914	-4,430	-3,148
Shareholders' Equity	9,213	-899.85	-4,914	-4,430	-3,148
Total Liabilities & Equity	25,154	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	5,974	6,173	3,842	1,976	1,994
Net Cash (Debt)	5,526	-5,632	-3,198	-1,280	-48.46
Net Cash Per Share	0.43	-0.44	-0.25	-0.10	-0.00
Book Value Per Share	0.70	-0.08	-0.38	-0.34	-0.24
Tangible Book Value	9,027	-1,075	-4,914	-4,430	-3,148
Tangible Book Value Per Share	0.70	-0.08	-0.38	-0.34	-0.24
Buildings	10.82	7.42	-	-	-
Machinery	1,792	1,527	1,533	1,533	1,533
Construction In Progress	7.6	7.6	-	-	-