Linkage Assurance Plc (NGX: LINKASSURE)

Linkage Assurance 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 Debt Securities	2,562	1,842	802.78	150	881.59	-
Investments in Equity & Preferred Securities	19,383	19,474	16,116	18,552	14,903	13,483
Policy Loans	13.66	13.66	13.66	-	-	-
Other Investments	17,482	12,067	6,215	3,690	9,038	5,188
Total Investments	41,705	36,059	26,156	27,600	25,217	23,271
Cash & Equivalents	3,582	5,507	4,188	3,477	3,593	1,609
Reinsurance Recoverable	6,816	5,559	4,903	3,839	1,593	580.51
Other Receivables	3,497	1,081	898.81	245.87	208.46	428.82
Deferred Policy Acquisition Cost	-	-	-	432.83	328.81	262.55
Property, Plant & Equipment	3,448	3,466	1,606	1,492	1,350	1,381
Other Intangible Assets	35.69	33.1	20.84	36.87	1.2	7.32
Restricted Cash	700	700	700	500	300	300
Other Current Assets	607.91	456.65	316.51	1,087	1,286	863.48
Other Long-Term Assets	-	0	-	-	-	-
Total Assets	60,391	52,862	38,790	38,710	33,877	28,704
Accrued Expenses	1,700	1,731	779.22	480.81	602.76	295.55
Insurance & Annuity Liabilities	7,361	5,316	3,620	0.98	0.98	2.52
Unpaid Claims	11,587	10,024	9,572	8,869	3,669	2,973
Unearned Premiums	51.98	35.53	21.71	2,987	2,237	1,792
Reinsurance Payable	1,766	1,535	595.73	481.53	504.93	223.24
Current Portion of Leases	-	-	-	-	0.22	31.49
Current Income Taxes Payable	337.49	174.59	157.85	60.26	82.57	75.39
Long-Term Leases	-	-	-	-	-	30.43
Other Current Liabilities	817.09	669.82	24.93	635.32	340.32	191.8
Other Long-Term Liabilities	343	343	343	-	-	-
Total Liabilities	23,963	19,830	15,199	13,604	7,502	5,664
Common Stock	7,000	7,000	7,000	7,000	5,000	4,000
Additional Paid-In Capital	560.29	560.29	560.29	560.29	729.04	729.04
Retained Earnings	9,432	5,969	687.71	-634.68	5,856	4,461
Comprehensive Income & Other	19,436	19,503	15,344	18,180	14,791	13,850
Shareholders' Equity	36,428	33,032	23,592	25,106	26,376	23,040
Total Liabilities & Equity	60,391	52,862	38,790	38,710	33,877	28,704
Filing Date Shares Outstanding	15,400	15,400	15,400	15,400	15,400	15,400
Total Common Shares Outstanding	15,400	15,400	15,400	15,400	15,400	15,400
Total Debt	-	-	-	-	0.22	61.92
Net Cash (Debt)	3,582	5,507	4,188	3,477	3,592	1,547
Net Cash Growth	1.58%	31.49%	20.47%	-3.22%	132.18%	34.65%
Net Cash Per Share	0.23	0.36	0.27	0.23	0.23	0.10
Book Value Per Share	2.37	2.14	1.53	1.63	1.71	1.50
Tangible Book Value	36,392	32,999	23,571	25,069	26,375	23,033
Tangible Book Value Per Share	2.36	2.14	1.53	1.63	1.71	1.50
Land	1,439	1,439	847.42	847.42	847.42	757.2
Buildings	582.18	581.18	287.82	287.82	287.82	291.39
Machinery	2,592	2,477	1,495	1,248	1,112	1,106
Construction In Progress	407.7	275.88	85.86	85.86	85.86	105.14

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