Linkage Assurance Plc (NGX:LINKASSURE)

Linkage Assurance Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	3,615	2,575	1,842	802.78	150	881.59
Investments in Equity & Preferred Securities	27,125	26,915	19,474	16,116	18,552	14,903
Policy Loans	-	13.66	13.66	13.66	-	-
Other Investments	15,258	16,039	12,067	6,215	3,690	9,038
Total Investments	49,287	47,986	36,059	26,156	27,600	25,217
Cash & Equivalents	5,654	5,417	5,507	4,188	3,477	3,593
Reinsurance Recoverable	6,081	5,571	4,025	4,903	3,839	1,593
Other Receivables	3,751	2,106	1,081	898.81	245.87	208.46
Deferred Policy Acquisition Cost	-	-	-	-	432.83	328.81
Property, Plant & Equipment	3,345	3,434	3,466	1,606	1,492	1,350
Other Intangible Assets	31.7	33.91	33.1	20.84	36.87	1.2
Restricted Cash	770	700	700	700	500	300
Other Current Assets	677.59	429.59	456.65	316.51	1,087	1,286
Other Long-Term Assets	-	-	0	-	-	-
Total Assets	69,598	65,677	51,327	38,790	38,710	33,877
Accrued Expenses	1,930	2,630	2,209	779.22	480.81	602.76
Insurance & Annuity Liabilities	9,530	17,387	5,316	3,620	0.98	0.98
Unpaid Claims	10,918	-	10,024	9,572	8,869	3,669
Unearned Premiums	39.7	22.37	35.53	21.71	2,987	2,237
Reinsurance Payable	27.19	102.54	129.86	595.73	481.53	504.93
Current Portion of Leases	-	-	-	-	-	0.22
Current Income Taxes Payable	287.04	245.56	174.59	157.85	60.26	82.57
Long-Term Deferred Tax Liabilities	2,037	2,037	-	-	-	-
Other Current Liabilities	934.07	65.51	61.95	24.93	635.32	340.32
Other Long-Term Liabilities	343	343	343	343	-	-
Total Liabilities	26,046	22,832	18,295	15,199	13,604	7,502
Common Stock	7,700	7,700	7,000	7,000	7,000	5,000
Additional Paid-In Capital	547.43	547.43	560.29	560.29	560.29	729.04
Retained Earnings	10,854	10,121	5,969	687.71	-634.68	5,856
Comprehensive Income & Other	24,450	24,476	19,503	15,344	18,180	14,791
Shareholders' Equity	43,552	42,845	33,032	23,592	25,106	26,376
Total Liabilities & Equity	69,598	65,677	51,327	38,790	38,710	33,877
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
Net Cash (Debt)	5,654	5,417	5,507	4,188	3,477	3,592
Net Cash Growth	-1.18%	-1.65%	31.49%	20.47%	-3.22%	132.18%
Net Cash Per Share	0.37	0.35	0.36	0.27	0.23	0.23
Book Value Per Share	2.83	2.78	2.14	1.53	1.63	1.71
Tangible Book Value	43,520	42,811	32,999	23,571	25,069	26,375
Tangible Book Value Per Share	2.83	2.78	2.14	1.53	1.63	1.71
Land	1,439	1,439	1,439	847.42	847.42	847.42
Buildings	933.24	926.12	581.18	287.82	287.82	287.82
Machinery	2,626	2,611	2,477	1,495	1,248	1,112
Construction In Progress	92.17	92.17	275.88	85.86	85.86	85.86

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