Guinea Insurance Plc (NGX: GUINEAINS)

Guinea Insurance Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Equity & Preferred Securities	339.29	339.29	299.06	288.53	263.23	216.02
Other Investments	1,845	1,745	1,425	972.44	886.04	1,037
Total Investments	2,413	2,314	1,907	1,367	1,234	1,331
Cash & Equivalents	1,460	1,026	387	383.57	671.66	680.54
Reinsurance Recoverable	720.86	355.33	305.87	176.52	175.32	241.14
Other Receivables	100.1	13.85	2.63	5.84	10.49	34.1
Deferred Policy Acquisition Cost	-	-	-	67.56	62.93	53.32
Property, Plant & Equipment	880.88	842.07	863.62	934	842.23	778.93
Other Intangible Assets	47.93	52.95	3.51	4.9	4	0.01
Other Current Assets	120.51	65.7	340.67	194.8	170.2	152.4
Other Long-Term Assets	333.65	333.66	333.65	333.65	333.65	333.65
Total Assets	6,077	5,003	4,144	3,468	3,505	3,605
Accrued Expenses	5.78	70.68	107.06	130.52	47.58	68.43
Insurance & Annuity Liabilities	728.84	387.07	333.84	11.25	15.74	8.15
Unpaid Claims	901.74	685.12	517.84	370.32	499.04	470.56
Unearned Premiums	-	146.21	-	447.99	419.44	394.16
Reinsurance Payable	-	-	-	23.41	-	-
Current Income Taxes Payable	3.42	40.03	26.99	20.37	87.06	90.81
Long-Term Deferred Tax Liabilities	108.04	108.04	110.01	110.01	110.01	107.37
Other Current Liabilities	282.62	63.16	49.9	74.34	53.39	36.61
Other Long-Term Liabilities	-	-	901.4	151.4	151.4	151.4
Total Liabilities	2,030	1,506	2,066	1,348	1,387	1,331
Common Stock	3,971	3,971	3,070	3,070	3,070	3,070
Additional Paid-In Capital	337.55	337.55	337.55	337.55	337.55	337.55
Retained Earnings	-573.89	-1,123	-1,601	-1,492	-1,468	-1,240
Comprehensive Income & Other	311.3	311.29	271.07	203.71	178.42	107.42
Shareholders' Equity	4,046	3,497	2,078	2,120	2,118	2,275
Total Liabilities & Equity	6,077	5,003	4,144	3,468	3,505	3,605
Filing Date Shares Outstanding	7,943	7,943	6,140	6,140	6,140	6,140
Total Common Shares Outstanding	7,943	7,943	6,140	6,140	6,140	6,140
Net Cash (Debt)	1,460	1,026	387	383.57	671.66	680.54
Net Cash Growth	-	165.10%	0.89%	-42.89%	-1.30%	-8.80%
Net Cash Per Share	0.18	0.13	0.06	0.06	0.11	0.11
Book Value Per Share	0.51	0.44	0.34	0.35	0.34	0.37
Tangible Book Value	3,998	3,444	2,075	2,115	2,114	2,275
Tangible Book Value Per Share	0.50	0.43	0.34	0.34	0.34	0.37
Land	276	276	276	276	276	205
Buildings	527.3	527.3	527.3	527.3	525	525
Machinery	633.81	555.84	519.35	546.49	424.68	455.49

Source: S&P Capital IQ. Insurance template. Financial Sources.