Linkage Assurance Plc (NGX:LINKASSURE)

Linkage Assurance Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	2,575	1,842	802.78	150	881.59
Investments in Equity & Preferred Securities	19,398	19,474	16,116	18,552	14,903
Policy Loans	-	13.66	13.66	-	-
Other Investments	15,628	12,067	6,215	3,690	9,038
Total Investments	40,211	36,059	26,156	27,600	25,217
Cash & Equivalents	5,670	5,507	4,188	3,477	3,593
Reinsurance Recoverable	6,229	5,559	4,903	3,839	1,593
Other Receivables	2,309	1,081	898.81	245.87	208.46
Deferred Policy Acquisition Cost	-	-	-	432.83	328.81
Property, Plant & Equipment	3,434	3,466	1,606	1,492	1,350
Other Intangible Assets	33.91	33.1	20.84	36.87	1.2
Restricted Cash	700	700	700	500	300
Other Current Assets	493.86	456.65	316.51	1,087	1,286
Other Long-Term Assets	-	0	-	-	-
Total Assets	59,082	52,862	38,790	38,710	33,877
Accrued Expenses	1,318	1,731	779.22	480.81	602.76
Insurance & Annuity Liabilities	7,082	5,316	3,620	0.98	0.98
Unpaid Claims	10,869	10,024	9,572	8,869	3,669
Unearned Premiums	22.37	35.53	21.71	2,987	2,237
Reinsurance Payable	1,168	1,535	595.73	481.53	504.93
Current Portion of Leases	-	-	-	-	0.22
Current Income Taxes Payable	279.36	174.59	157.85	60.26	82.57
Other Current Liabilities	686.97	669.82	24.93	635.32	340.32
Other Long-Term Liabilities	343	343	343	-	-
Total Liabilities	21,769	19,830	15,199	13,604	7,502
Common Stock	7,700	7,000	7,000	7,000	5,000
Additional Paid-In Capital	560.29	560.29	560.29	560.29	729.04
Retained Earnings	9,603	5,969	687.71	-634.68	5,856
Comprehensive Income & Other	19,449	19,503	15,344	18,180	14,791
Shareholders' Equity	37,313	33,032	23,592	25,106	26,376
Total Liabilities & Equity	59,082	52,862	38,790	38,710	33,877
Filing Date Shares Outstanding	15,400	15,400	15,400	15,400	15,400
Total Common Shares Outstanding	15,400	15,400	15,400	15,400	15,400
Total Debt	-	-	-	-	0.22
Net Cash (Debt)	5,670	5,507	4,188	3,477	3,592
Net Cash Growth	2.96%	31.49%	20.47%	-3.22%	132.18%
Net Cash Per Share	0.37	0.36	0.27	0.23	0.23
Book Value Per Share	2.42	2.14	1.53	1.63	1.71
Tangible Book Value	37,279	32,999	23,571	25,069	26,375
Tangible Book Value Per Share	2.42	2.14	1.53	1.63	1.71
Land	1,439	1,439	847.42	847.42	847.42
Buildings	926.12	581.18	287.82	287.82	287.82
Machinery	2,611	2,477	1,495	1,248	1,112
Construction In Progress	92.17	275.88	85.86	85.86	85.86

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