Linkage Assurance Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Investments in Debt Securities	-	4,606	2,575	1,842	802.78	150
Investments in Equity & Preferred Securities	-	34,472	26,915	19,474	16,116	18,552
Policy Loans	-	13.66	-	13.66	13.66	-
Other Investments	60,237	16,580	16,039	12,067	6,215	3,690
Total Investments	60,593	60,728	47,972	36,059	26,156	27,600
Cash & Equivalents	4,984	4,434	5,417	5,507	4,188	3,477
Reinsurance Recoverable	7,662	4,143	5,571	4,025	4,903	3,839
Other Receivables	4,385	2,829	1,939	1,081	898.81	245.87
Deferred Policy Acquisition Cost	-	-	-	-	-	432.83
Property, Plant & Equipment	3,042	3,199	3,434	3,466	1,606	1,492
Other Intangible Assets	20.65	25.07	33.91	33.1	20.84	36.87
Restricted Cash	1,500	770	700	700	700	500
Other Current Assets	-	770.55	609.6	456.65	316.51	1,087
Other Long-Term Assets	-	-	-	0	-	-
Total Assets	82,188	76,899	65,677	51,327	38,790	38,710
Accrued Expenses	33.86	1,277	2,109	1,670	779.22	480.81
Insurance & Annuity Liabilities	21,551	6,838	6,680	5,986	3,620	0.98
Unpaid Claims	-	12,241	11,330	10,024	9,572	8,869
Unearned Premiums	-	75.43	22.37	35.53	21.71	2,987
Reinsurance Payable	-	-	-	-	595.73	481.53
Current Income Taxes Payable	349.08	295.85	245.56	174.59	157.85	60.26
Long-Term Deferred Tax Liabilities	9,003	9,003	2,037	-	-	-
Other Current Liabilities	665.2	139.17	65.51	61.95	24.93	635.32
Other Long-Term Liabilities	1,003	343	343	343	343	-
Total Liabilities	32,605	30,213	22,832	18,295	15,199	13,604
Common Stock	9,240	9,240	7,700	7,000	7,000	7,000
Additional Paid-In Capital	209.97	497.46	547.43	560.29	560.29	560.29
Retained Earnings	14,817	11,707	10,121	5,969	687.71	-634.68
Comprehensive Income & Other	25,316	25,242	24,476	19,503	15,344	18,180
Shareholders' Equity	49,582	46,686	42,845	33,032	23,592	25,106
Total Liabilities & Equity	82,188	76,899	65,677	51,327	38,790	38,710
Filing Date Shares Outstanding	18,447	18,480	18,480	18,480	18,480	18,480
Total Common Shares Outstanding	18,447	18,480	18,480	18,480	18,480	18,480
Net Cash (Debt)	4,984	4,434	5,417	5,507	4,188	3,477
Net Cash Growth	12.06%	-18.15%	-1.65%	31.49%	20.47%	-3.22%
Net Cash Per Share	0.27	0.24	0.29	0.30	0.23	0.19
Book Value Per Share	2.69	2.53	2.32	1.79	1.28	1.36
Tangible Book Value	49,562	46,661	42,811	32,999	23,571	25,069
Tangible Book Value Per Share	2.69	2.52	2.32	1.79	1.28	1.36
Land	-	1,439	1,439	1,439	847.42	847.42
Buildings	-	933.24	926.12	581.18	287.82	287.82
Machinery	-	2,676	2,611	2,477	1,495	1,248
Construction In Progress	-	95.11	92.17	275.88	85.86	85.86