Guinea Insurance Income Statement

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
Premiums & Annuity Revenue	2,928	1,967	1,469	940.66	879.62
Total Interest & Dividend Income	648.14	327.86	194.56	62.78	87.01
Gain (Loss) on Sale of Investments	40.96	2.11	7.69	9.29	-
Other Revenue	16.75	-	-	-	71.39
Total Revenue	3,634	2,297	1,672	1,013	1,038
Revenue Growth (YoY)	58.23%	37.40%	65.06%	-2.44%	12.92%
Policy Benefits	1,121	368.19	386.43	109.19	48.21
Policy Acquisition & Underwriting Costs	781.79	738.8	567.95	379.8	294.69
Amortization of Goodwill & Intangibles	11.92	12.09	4.06	1.39	-
Depreciation & Amortization	167.28	89.1	89.88	82.02	74
Selling, General & Administrative	793.09	890.52	454.58	370.84	349.45
Other Operating Expenses	-263.24	-288.42	-284.8	-142.79	41.06
Total Operating Expenses	3,391	2,305	1,604	1,208	1,150
Operating Income	242.7	-7.83	67.64	-195.6	-112.3
Currency Exchange Gain (Loss)	-68.3	516.4	358.55	97.97	18.4
Other Non Operating Income (Expenses)	-	38.49	20.81	-	-
EBT Excluding Unusual Items	174.4	547.06	447.01	-97.63	-93.9
Gain (Loss) on Sale of Assets	32.5	-	15.64	15.57	12.57
Asset Writedown	95	357.36	37	6.7	21.3
Pretax Income	301.9	904.41	499.65	-75.36	-60.03
Income Tax Expense	15.8	-32.14	21.88	7.92	-36.54
Net Income	286.1	936.55	477.77	-83.27	-23.49
Net Income to Common	286.1	936.55	477.77	-83.27	-23.49
Net Income Growth	-69.45%	96.03%	-	-	-
Shares Outstanding (Basic)	7,943	7,943	7,943	6,140	6,140
Shares Outstanding (Diluted)	7,943	7,943	7,943	6,140	6,140
Shares Change (YoY)	-	-	29.36%	-	-
EPS (Basic)	0.04	0.12	0.06	-0.01	-0.00
EPS (Diluted)	0.04	0.12	0.06	-0.01	-0.00
EPS Growth	-69.45%	96.03%	-	-	-
Free Cash Flow	-564.82	71.67	512.32	-122.97	-293.26
Free Cash Flow Per Share	-0.07	0.01	0.07	-0.02	-0.05
Operating Margin	6.68%	-0.34%	4.05%	-19.31%	-10.82%
Profit Margin	7.87%	40.78%	28.58%	-8.22%	-2.26%
Free Cash Flow Margin	-15.54%	3.12%	30.65%	-12.14%	-28.25%
EBITDA	421.89	93.35	161.58	-112.2	-38.3
EBITDA Margin	11.61%	4.06%	9.67%	-11.08%	-3.69%
D&A For EBITDA	179.2	101.18	93.94	83.41	74
EBIT	242.7	-7.83	67.64	-195.6	-112.3
EBIT Margin	6.68%	-0.34%	4.05%	-19.31%	-10.82%
Effective Tax Rate	5.23%	-	4.38%	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.