Sovereign Trust Insurance Plc (NGX: SOVRENINS)
Nigeria
· Delayed Price · Currency is NGN 0.630
-0.040 (-5.97%)
At close: Sep 12, 2024
Sovereign Trust Insurance Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '24 Jun 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Premiums & Annuity Revenue | 20,358 | 9,027 | 6,941 | 7,276 | 6,542 | 5,950 | Upgrade
|
| Total Interest & Dividend Income | 853.65 | 698.26 | 300.51 | 316.87 | 448.2 | 405.8 | Upgrade
|
| Gain (Loss) on Sale of Investments | -163.3 | - | 38.87 | 219.43 | 112.84 | -2.61 | Upgrade
|
| Other Revenue | 886.87 | 886.87 | 883.94 | 779.22 | 1,016 | 940.99 | Upgrade
|
| Total Revenue | 21,936 | 10,612 | 8,165 | 8,592 | 8,119 | 7,294 | Upgrade
|
| Revenue Growth (YoY) | 94.09% | 29.98% | -4.97% | 5.83% | 11.30% | 26.08% | Upgrade
|
| Policy Benefits | 13,343 | 2,861 | 2,374 | 3,169 | 3,486 | 2,209 | Upgrade
|
| Policy Acquisition & Underwriting Costs | 3,934 | 3,934 | 2,731 | 2,411 | 1,974 | 2,432 | Upgrade
|
| Amortization of Goodwill & Intangibles | 123.67 | 104.47 | 30.76 | 0.92 | - | 6.12 | Upgrade
|
| Depreciation & Amortization | 179.72 | 134.36 | 102.17 | 199.34 | - | 154.6 | Upgrade
|
| Selling, General & Administrative | 1,048 | 1,052 | 726.25 | 684.37 | 1,741 | 741.68 | Upgrade
|
| Provision for Bad Debts | - | - | 0.4 | -5.11 | 6.26 | - | Upgrade
|
| Other Operating Expenses | 157.82 | 14.46 | 62.94 | 61.6 | 99.17 | 127.81 | Upgrade
|
| Total Operating Expenses | 20,212 | 9,381 | 7,151 | 7,457 | 7,306 | 6,608 | Upgrade
|
| Operating Income | 1,724 | 1,231 | 1,013 | 1,135 | 813.16 | 686.31 | Upgrade
|
| Interest Expense | -1.49 | -56.1 | -265.97 | -217.62 | -39.46 | -164.81 | Upgrade
|
| Earnings From Equity Investments | - | - | 8.42 | 0.32 | 3.89 | 6.49 | Upgrade
|
| Currency Exchange Gain (Loss) | 35.94 | 35.94 | 67.87 | -38.96 | - | 246.35 | Upgrade
|
| Other Non Operating Income (Expenses) | - | - | -4.97 | 6.24 | -11.8 | -1.13 | Upgrade
|
| EBT Excluding Unusual Items | 1,758 | 1,211 | 818.52 | 884.69 | 765.79 | 773.21 | Upgrade
|
| Asset Writedown | - | - | 143.76 | 1.07 | 30.32 | 45.8 | Upgrade
|
| Pretax Income | 1,758 | 1,211 | 962.28 | 885.76 | 796.11 | 819.01 | Upgrade
|
| Income Tax Expense | 296.54 | 263.2 | 123.51 | -88.98 | 108.41 | 315.63 | Upgrade
|
| Net Income | 1,462 | 947.46 | 838.77 | 974.73 | 687.7 | 503.38 | Upgrade
|
| Net Income to Common | 1,462 | 947.46 | 838.77 | 974.73 | 687.7 | 503.38 | Upgrade
|
| Net Income Growth | 66.29% | 12.96% | -13.95% | 41.74% | 36.62% | 46.23% | Upgrade
|
| Shares Outstanding (Basic) | 15,638 | 14,206 | 8,593 | 8,593 | 11,364 | 8,593 | Upgrade
|
| Shares Outstanding (Diluted) | 15,638 | 14,206 | 8,593 | 8,593 | 11,364 | 8,593 | Upgrade
|
| Shares Change (YoY) | 81.98% | 65.32% | - | -24.39% | 32.26% | 3.02% | Upgrade
|
| EPS (Basic) | 0.09 | 0.07 | 0.10 | 0.11 | 0.06 | 0.06 | Upgrade
|
| EPS (Diluted) | 0.09 | 0.07 | 0.10 | 0.11 | 0.06 | 0.06 | Upgrade
|
| EPS Growth | -8.62% | -31.67% | -13.95% | 87.46% | 3.30% | 41.94% | Upgrade
|
| Free Cash Flow | 1,566 | 1,019 | 860.17 | 1,668 | 173.43 | 370.98 | Upgrade
|
| Free Cash Flow Per Share | 0.10 | 0.07 | 0.10 | 0.19 | 0.02 | 0.04 | Upgrade
|
| Operating Margin | 7.86% | 11.60% | 12.41% | 13.21% | 10.02% | 9.41% | Upgrade
|
| Profit Margin | 6.66% | 8.93% | 10.27% | 11.34% | 8.47% | 6.90% | Upgrade
|
| Free Cash Flow Margin | 7.14% | 9.61% | 10.54% | 19.41% | 2.14% | 5.09% | Upgrade
|
| EBITDA | 1,910 | 1,401 | 1,100 | 1,318 | 954.43 | 840.91 | Upgrade
|
| EBITDA Margin | 8.71% | 13.20% | 13.47% | 15.34% | 11.76% | 11.53% | Upgrade
|
| D&A For EBITDA | 186.1 | 169.89 | 86.42 | 183.59 | 141.26 | 154.6 | Upgrade
|
| EBIT | 1,724 | 1,231 | 1,013 | 1,135 | 813.16 | 686.31 | Upgrade
|
| EBIT Margin | 7.86% | 11.60% | 12.41% | 13.21% | 10.02% | 9.41% | Upgrade
|
| Effective Tax Rate | 16.87% | 21.74% | 12.83% | - | 13.62% | 38.54% | Upgrade
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Source: S&P Capital IQ. Insurance template. Financial Sources.