Mutual Benefits 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	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	-	-	-	-	3,057	3,143
Investments in Equity & Preferred Securities	1,550	1,203	878.03	488.71	513.05	556.61
Other Investments	82,072	76,296	49,243	40,111	36,333	33,275
Total Investments	87,977	81,855	55,979	45,154	45,249	43,141
Cash & Equivalents	46,156	38,353	49,165	33,601	18,751	14,164
Reinsurance Recoverable	18,883	15,253	11,899	4,865	4,827	3,682
Other Receivables	11,572	8,772	18,721	18,404	16,260	15,519
Deferred Policy Acquisition Cost	-	-	-	-	-	950.02
Property, Plant & Equipment	6,919	7,112	7,116	4,700	3,438	3,483
Other Intangible Assets	12,843	12,859	429.23	690.02	383.3	333.98
Restricted Cash	8,000	500	500	500	500	500
Other Current Assets	1,219	1,538	1,034	895.89	414.23	1,428
Long-Term Deferred Tax Assets	423.92	498.31	723.77	694	576.27	578.48
Other Long-Term Assets	2,524	9,505	1,568	954.97	-	-
Total Assets	196,517	176,248	147,134	110,459	90,399	83,780
Accounts Payable	2,200	-	1,330	1,148	736.03	830.95
Accrued Expenses	1,320	-	1,823	1,930	1,692	1,527
Insurance & Annuity Liabilities	32,111	24,272	21,600	16,957	27,252	24.65
Unpaid Claims	36,448	33,792	25,411	15,809	-	14,736
Unearned Premiums	1,565	1,606	2,589	1,705	1,363	9,936
Reinsurance Payable	1,488	3,452	2,148	1,606	1,219	791.8
Current Portion of Long-Term Debt	-	-	-	-	-	1,937
Current Income Taxes Payable	1,311	1,079	781.52	865.92	769.87	485.12
Long-Term Debt	400.87	400.87	400.87	400.87	400.87	400.87
Long-Term Deferred Tax Liabilities	348.43	358.54	652.91	3,663	1,443	1,365
Other Current Liabilities	19,058	17,446	16,854	16,208	18,269	14,613
Other Long-Term Liabilities	19,886	24,116	18,723	20,109	18,059	17,144
Total Liabilities	116,156	106,523	92,348	80,458	71,456	63,904
Common Stock	10,031	10,031	10,031	10,031	10,031	10,031
Additional Paid-In Capital	276.49	276.49	276.49	276.49	276.49	276.49
Retained Earnings	40,593	37,202	23,036	10,149	4,479	5,590
Treasury Stock	-0.25	-0.25	-0.25	-0.25	-0.25	-0.25
Comprehensive Income & Other	16,858	17,493	16,928	7,122	3,411	2,511
Total Common Equity	67,758	65,003	50,271	27,579	18,197	18,409
Minority Interest	12,603	4,723	4,514	2,422	745.86	1,467
Shareholders' Equity	80,361	69,725	54,786	30,001	18,943	19,876
Total Liabilities & Equity	196,517	176,248	147,134	110,459	90,399	83,780
Filing Date Shares Outstanding	20,061	20,061	20,061	20,061	20,061	20,061
Total Common Shares Outstanding	20,061	20,061	20,061	20,061	20,061	20,061
Total Debt	400.87	400.87	400.87	400.87	400.87	2,338
Net Cash (Debt)	45,756	37,952	48,764	33,201	18,350	11,826
Net Cash Growth	-10.27%	-22.17%	46.88%	80.93%	55.16%	57.05%
Net Cash Per Share	2.28	1.89	2.43	1.65	0.91	0.76
Book Value Per Share	3.38	3.24	2.51	1.37	0.91	0.92
Tangible Book Value	54,914	52,143	49,842	26,889	17,814	18,075
Tangible Book Value Per Share	2.74	2.60	2.48	1.34	0.89	0.90
Land	1,375	1,470	1,375	1,375	1,375	414.54
Buildings	6,355	6,150	6,110	4,132	2,865	2,813
Machinery	6,978	6,905	6,483	4,949	3,946	3,734
Leasehold Improvements	842.26	751.31	754.27	740.87	729.87	1,799