NEM 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	46,763	47,131	42,071	24,905	9,839	4,237
Investments in Equity & Preferred Securities	5,066	3,712	64.43	75.22	53.73	84.88
Other Investments	35,677	29,924	26,506	11,450	2,320	3,906
Total Investments	94,388	87,648	72,372	38,784	14,027	9,935
Cash & Equivalents	15,855	30,998	13,979	8,003	8,878	7,895
Reinsurance Recoverable	29,247	27,600	15,911	9,433	9,473	7,566
Other Receivables	19,464	4,550	1,968	977.31	1,275	1,838
Deferred Policy Acquisition Cost	-	-	-	-	-	1,031
Separate Account Assets	18,794	18,396	11,409	10,463	5,801	5,354
Property, Plant & Equipment	5,618	5,560	5,641	4,811	4,036	4,005
Other Intangible Assets	44.33	198.61	71.47	54.11	15.72	0.01
Restricted Cash	1,500	320	320	320	320	320
Other Current Assets	662.12	10,678	2,471	1,621	120.58	55.46
Long-Term Deferred Tax Assets	-	-	-	-	256.41	257.51
Long-Term Deferred Charges	-	90.43	89.41	-	-	-
Other Long-Term Assets	-0	-	-0	-0	-	-
Total Assets	185,572	186,040	124,232	74,468	44,201	38,257
Accrued Expenses	3,327	4,302	3,245	789.95	606.5	696.42
Insurance & Annuity Liabilities	52,615	40,045	26,787	16,385	6,818	-
Unpaid Claims	26,088	27,282	15,543	8,900	7,856	5,888
Unearned Premiums	-	12,881	718.24	726.87	295.46	6,848
Reinsurance Payable	-	-	-	130.52	192.07	147.53
Current Income Taxes Payable	12,073	11,510	6,969	1,155	379.22	623.51
Long-Term Debt	-	-	-	1,558	-	-
Long-Term Leases	480.37	210.97	462.41	473.24	36	139.62
Long-Term Deferred Tax Liabilities	624.65	626.13	2,724	4,508	3.69	10.39
Other Current Liabilities	2,261	1,413	2,303	1,304	969.22	833.92
Other Long-Term Liabilities	-	3,247	0	-	0	-
Total Liabilities	97,469	101,582	58,793	35,930	17,186	15,348
Common Stock	5,016	5,016	5,016	5,016	5,016	5,016
Retained Earnings	80,318	76,437	57,621	31,416	19,900	15,749
Comprehensive Income & Other	2,768	2,768	2,733	2,062	2,099	2,144
Total Common Equity	88,102	84,221	65,370	38,494	27,016	22,909
Minority Interest	-	236.04	69.12	42.93	-	-
Shareholders' Equity	88,102	84,457	65,439	38,537	27,016	22,909
Total Liabilities & Equity	185,572	186,040	124,232	74,468	44,201	38,257
Filing Date Shares Outstanding	5,040	5,016	5,016	5,016	5,016	5,016
Total Common Shares Outstanding	5,040	5,016	5,016	5,016	5,016	5,016
Total Debt	480.37	210.97	462.41	2,031	36	139.62
Net Cash (Debt)	15,375	30,787	13,516	5,972	8,842	7,756
Net Cash Growth	-23.34%	127.77%	126.33%	-32.46%	14.00%	6.18%
Net Cash Per Share	3.06	6.14	2.69	1.19	1.76	1.55
Book Value Per Share	17.48	16.79	13.03	7.67	5.39	4.57
Tangible Book Value	88,058	84,023	65,299	38,440	27,000	22,909
Tangible Book Value Per Share	17.47	16.75	13.02	7.66	5.38	4.57
Land	991.9	991.9	991.9	763.43	763.43	672.2
Buildings	3,168	3,163	3,161	2,875	2,839	2,835
Machinery	1,863	2,367	1,801	1,504	1,102	891.64

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