NEM Insurance Plc (NGX:NEM)

NEM Insurance 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	42,071	24,905	9,839	4,237	3,477
Investments in Equity & Preferred Securities	-	64.43	75.22	53.73	84.88	494.06
Other Investments	79,696	26,506	11,450	2,320	3,906	2,629
Total Investments	83,427	72,372	38,784	14,027	9,935	8,217
Cash & Equivalents	11,816	13,979	8,003	8,878	7,895	7,352
Reinsurance Recoverable	35,262	15,911	9,433	9,473	7,566	5,108
Other Receivables	8,247	1,968	977.31	1,275	1,838	615.37
Deferred Policy Acquisition Cost	-	-	-	-	1,031	1,841
Separate Account Assets	15,202	11,409	10,463	5,801	5,354	4,479
Property, Plant & Equipment	5,585	5,641	4,811	4,036	4,005	2,922
Other Intangible Assets	43.38	71.47	54.11	15.72	0.01	0.01
Restricted Cash	320	320	320	320	320	320
Other Current Assets	-	2,560	1,621	120.58	55.46	83.5
Long-Term Deferred Tax Assets	-	-	-	256.41	257.51	263.04
Other Long-Term Assets	-	-	-0	-	-	-
Total Assets	159,902	124,232	74,468	44,201	38,257	31,201
Accrued Expenses	-	3,245	789.95	606.5	696.42	429.71
Insurance & Annuity Liabilities	69,060	26,787	16,385	6,818	-	-
Unpaid Claims	-	15,543	8,900	7,856	5,888	4,780
Unearned Premiums	-	718.24	726.87	295.46	6,848	5,668
Reinsurance Payable	-	-	130.52	192.07	147.53	322.16
Current Income Taxes Payable	8,901	6,969	1,155	379.22	623.51	675.78
Long-Term Debt	-	-	1,558	-	-	-
Long-Term Leases	507.57	462.41	473.24	36	139.62	47.96
Long-Term Deferred Tax Liabilities	2,723	2,724	4,508	3.69	10.39	-
Other Current Liabilities	2,781	2,344	1,304	969.22	833.92	732.3
Other Long-Term Liabilities	-0	0	-	0	-	-
Total Liabilities	83,972	58,793	35,930	17,186	15,348	12,840
Common Stock	5,016	5,016	5,016	5,016	5,016	5,016
Retained Earnings	68,154	57,621	31,416	19,900	15,749	12,219
Comprehensive Income & Other	2,759	2,733	2,062	2,099	2,144	1,125
Total Common Equity	75,929	65,370	38,494	27,016	22,909	18,361
Minority Interest	-	69.12	42.93	-	-	-
Shareholders' Equity	75,929	65,439	38,537	27,016	22,909	18,361
Total Liabilities & Equity	159,902	124,232	74,468	44,201	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	507.57	462.41	2,031	36	139.62	47.96
Net Cash (Debt)	11,308	13,516	5,972	8,842	7,756	7,304
Net Cash Growth	126.87%	126.33%	-32.46%	14.00%	6.18%	-8.52%
Net Cash Per Share	-	2.69	1.19	1.76	1.55	1.46
Book Value Per Share	-	13.03	7.67	5.39	4.57	3.66
Tangible Book Value	75,886	65,299	38,440	27,000	22,909	18,361
Tangible Book Value Per Share	-	13.02	7.66	5.38	4.57	3.66
Land	-	991.9	763.43	763.43	672.2	417.9
Buildings	-	3,161	2,875	2,839	2,835	2,197
Machinery	-	1,801	1,504	1,102	891.64	1,004

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