NEM Insurance Plc (NGX: NEM)

NEM Insurance Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	16,451	6,923	4,237	3,477
Investments in Equity & Preferred Securities	-	71.2	53.73	84.88	494.06
Other Investments	62,294	9,917	5,236	3,906	2,629
Total Investments	66,025	28,793	14,027	9,935	8,217
Cash & Equivalents	12,781	16,783	8,878	7,895	7,352
Reinsurance Recoverable	10,916	9,479	9,712	7,566	5,108
Other Receivables	3,158	1,451	1,249	1,838	615.37
Deferred Policy Acquisition Cost	-	2,959	1,447	1,031	1,841
Separate Account Assets	11,409	10,463	5,801	5,354	4,479
Property, Plant & Equipment	5,512	4,610	4,036	4,005	2,922
Other Intangible Assets	37.38	42.16	15.72	0.01	0.01
Restricted Cash	320	320	320	320	320
Other Current Assets	-	109.54	147.12	55.46	83.5
Long-Term Deferred Tax Assets	-	253.57	256.41	257.51	263.04
Other Long-Term Assets	-0	-	-	-	-
Total Assets	110,158	75,264	45,888	38,257	31,201
Accrued Expenses	-	797.04	606.5	696.42	429.71
Insurance & Annuity Liabilities	37,885	-	-	-	-
Unpaid Claims	-	6,892	7,380	5,888	4,780
Unearned Premiums	-	19,485	9,092	6,848	5,668
Reinsurance Payable	-	130.85	192.07	147.53	322.16
Current Income Taxes Payable	4,427	2,264	379.22	623.51	675.78
Long-Term Leases	495.72	427.41	36	139.62	47.96
Long-Term Deferred Tax Liabilities	4,506	3.69	3.69	10.39	-
Other Current Liabilities	3,172	1,214	969.22	833.92	732.3
Total Liabilities	50,486	31,213	18,688	15,348	12,840
Common Stock	5,016	5,016	5,016	5,016	5,016
Retained Earnings	51,922	36,977	20,085	15,749	12,219
Comprehensive Income & Other	2,733	2,058	2,099	2,144	1,125
Shareholders' Equity	59,671	44,051	27,200	22,909	18,361
Total Liabilities & Equity	110,158	75,264	45,888	38,257	31,201
Filing Date Shares Outstanding	5,016	5,016	5,016	5,016	5,016
Total Common Shares Outstanding	5,016	5,016	5,016	5,016	5,016
Total Debt	495.72	427.41	36	139.62	47.96
Net Cash (Debt)	12,285	16,356	8,842	7,756	7,304
Net Cash Growth	-24.89%	84.98%	14.00%	6.18%	-8.52%
Net Cash Per Share	2.45	3.26	1.76	1.55	1.46
Book Value Per Share	11.90	8.78	5.42	4.57	3.66
Tangible Book Value	59,634	44,009	27,184	22,909	18,361
Tangible Book Value Per Share	11.89	8.77	5.42	4.57	3.66
Land	-	763.43	763.43	672.2	417.9
Buildings	-	2,875	2,839	2,835	2,197
Machinery	-	1,333	1,102	891.64	1,004

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