AXA Mansard Insurance 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	Mar '26 Mar 31, 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	-	89,769	95,393	39,895	30,333	26,165
Investments in Equity & Preferred Securities	-	-	-	-	-	293.57
Other Investments	103,243	8,160	1,864	2,238	4,432	8,649
Total Investments	137,905	133,451	132,065	74,063	57,475	53,322
Cash & Equivalents	27,995	39,557	20,057	26,173	13,470	17,343
Reinsurance Recoverable	45,344	28,961	20,044	17,792	12,260	7,000
Other Receivables	39,829	14,280	10,646	12,562	13,304	10,552
Deferred Policy Acquisition Cost	-	-	-	-	-	752.95
Property, Plant & Equipment	4,871	4,967	4,609	5,013	3,883	3,600
Goodwill	-	12	12	12	12	12
Other Intangible Assets	788.73	823.67	973.65	943.75	433.6	388.65
Restricted Cash	500	500	500	500	500	500
Other Current Assets	-	-	-	-	-	6,218
Long-Term Deferred Charges	-	2,192	2,202	1,573	1,451	-
Other Long-Term Assets	3,369	3,191	2,501	2,497	2,505	4,375
Total Assets	260,602	227,935	193,609	141,129	105,293	104,065
Accrued Expenses	-	14,700	15,134	10,935	6,187	6,295
Insurance & Annuity Liabilities	140,628	106,552	72,007	55,254	42,320	9,857
Unpaid Claims	-	-	-	-	-	13,785
Unearned Premiums	-	12,339	15,899	5,796	2,812	19,226
Reinsurance Payable	-	5,129	4,121	2,985	1,525	1,124
Current Portion of Long-Term Debt	-	5,877	2,794	130.79	2,104	2,377
Current Portion of Leases	-	75.37	77.5	429.14	283.93	-
Current Income Taxes Payable	3,809	2,926	3,600	1,858	1,130	1,962
Long-Term Debt	7,129	1,311	6,110	5,127	76.69	76.69
Long-Term Leases	-	150.74	154.99	858.28	567.86	888.57
Long-Term Deferred Tax Liabilities	6,919	7,781	4,668	2,581	855.63	932.57
Separate Account Liability	10,207	9,445	10,288	9,713	9,065	6,868
Other Current Liabilities	3,369	3,286	2,640	2,626	2,603	4,449
Other Long-Term Liabilities	17,340	1,882	1,526	1,194	1,853	898.22
Total Liabilities	200,231	171,881	140,730	99,709	72,185	69,671
Common Stock	18,000	18,000	18,000	18,000	18,000	18,000
Additional Paid-In Capital	78.26	78.26	78.26	78.26	78.26	78.26
Retained Earnings	44,916	41,281	42,700	20,889	12,178	12,168
Treasury Stock	-111.48	-111.48	-111.48	-111.48	-111.48	-111.48
Comprehensive Income & Other	-6,168	-6,947	-13,553	-2,107	-1,143	-62.33
Total Common Equity	56,714	52,301	47,114	36,749	29,002	30,072
Minority Interest	3,657	3,753	5,764	4,671	4,107	4,321
Shareholders' Equity	60,371	56,055	52,879	41,420	33,108	34,393
Total Liabilities & Equity	260,602	227,935	193,609	141,129	105,293	104,065
Filing Date Shares Outstanding	9,087	8,944	8,944	8,944	8,944	8,944
Total Common Shares Outstanding	9,087	8,944	8,944	8,944	8,944	8,944
Total Debt	7,129	7,415	9,137	6,545	3,033	3,343
Net Cash (Debt)	20,866	32,143	10,920	19,628	10,437	14,001
Net Cash Growth	-	194.34%	-44.36%	88.06%	-25.45%	-15.68%
Net Cash Per Share	2.31	3.57	1.21	2.18	1.16	1.56
Book Value Per Share	6.24	5.85	5.27	4.11	3.24	3.36
Tangible Book Value	55,925	51,465	46,129	35,793	28,556	29,672
Tangible Book Value Per Share	6.15	5.75	5.16	4.00	3.19	3.32
Land	-	389.66	389.66	389.66	389.66	389.66
Buildings	-	657.17	657.17	657.17	657.17	657.17
Machinery	-	10,868	8,990	7,359	6,152	5,208
Construction In Progress	-	-	166.78	381.29	167.15	100.69

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