Sovereign Trust Insurance Plc (NGX:SOVRENINS)
Nigeria · Delayed Price · Currency is NGN 3.030
+0.070 (2.36%)
At close: Sep 12, 2025
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2016 - 2020 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2016 - 2020 |
Premiums & Annuity Revenue | 50,957 | 40,448 | 19,323 | 15,702 | 7,276 | 6,542 | Upgrade |
Total Interest & Dividend Income | 1,422 | 701.77 | 911.03 | 299.4 | 316.87 | 448.2 | Upgrade |
Gain (Loss) on Sale of Investments | -78.86 | - | -187.3 | - | 219.43 | 112.84 | Upgrade |
Other Revenue | 76.87 | - | - | - | 779.22 | 1,016 | Upgrade |
| 52,376 | 41,150 | 20,047 | 16,001 | 8,592 | 8,119 | Upgrade | |
Revenue Growth (YoY) | 161.27% | 105.27% | 25.28% | 86.24% | 5.83% | 11.30% | Upgrade |
Policy Benefits | 28,465 | 18,426 | 11,604 | 9,848 | 3,169 | 3,486 | Upgrade |
Policy Acquisition & Underwriting Costs | 16,654 | 16,654 | 4,331 | 2,730 | 2,411 | 1,974 | Upgrade |
Amortization of Goodwill & Intangibles | 32.31 | 44.16 | 45.4 | 30.76 | 0.92 | - | Upgrade |
Depreciation & Amortization | 463.96 | 386.13 | 186.65 | 102.17 | 199.34 | - | Upgrade |
Selling, General & Administrative | 241.78 | 234.74 | 37.43 | 31.32 | 684.37 | 1,741 | Upgrade |
Provision for Bad Debts | - | - | - | 0.4 | -5.11 | 6.26 | Upgrade |
Other Operating Expenses | 387.34 | -205.74 | 907.76 | 445.81 | 61.6 | 99.17 | Upgrade |
Total Operating Expenses | 48,558 | 37,730 | 18,589 | 14,359 | 7,457 | 7,306 | Upgrade |
Operating Income | 3,818 | 3,420 | 1,457 | 1,642 | 1,135 | 813.16 | Upgrade |
Interest Expense | -36.8 | -36.57 | -59.36 | -265.97 | -217.62 | -39.46 | Upgrade |
Earnings From Equity Investments | - | - | 8.19 | 8.42 | 0.32 | 3.89 | Upgrade |
Currency Exchange Gain (Loss) | -854.4 | -854.4 | 34.25 | 67.87 | -38.96 | - | Upgrade |
Other Non Operating Income (Expenses) | -0 | - | -0 | -3.13 | 6.24 | -11.8 | Upgrade |
EBT Excluding Unusual Items | 2,927 | 2,529 | 1,440 | 1,449 | 884.69 | 765.79 | Upgrade |
Gain (Loss) on Sale of Assets | 11.36 | 11.36 | - | 1.3 | - | - | Upgrade |
Asset Writedown | 107.28 | 107.28 | - | - | 1.07 | 30.32 | Upgrade |
Other Unusual Items | - | - | - | -1.83 | - | - | Upgrade |
Pretax Income | 3,101 | 2,648 | 1,440 | 1,448 | 885.76 | 796.11 | Upgrade |
Income Tax Expense | 275.95 | 294.84 | 141.79 | 61.69 | -88.98 | 108.41 | Upgrade |
Earnings From Continuing Ops. | 2,825 | 2,353 | 1,298 | 1,387 | 974.73 | 687.7 | Upgrade |
Minority Interest in Earnings | -12.66 | -12.66 | - | - | - | - | Upgrade |
Net Income | 2,812 | 2,340 | 1,298 | 1,387 | 974.73 | 687.7 | Upgrade |
Net Income to Common | 2,812 | 2,340 | 1,298 | 1,387 | 974.73 | 687.7 | Upgrade |
Net Income Growth | 116.57% | 80.22% | -6.37% | 42.27% | 41.74% | 36.62% | Upgrade |
Shares Outstanding (Basic) | 14,228 | 14,228 | 14,228 | 8,593 | 8,593 | 11,364 | Upgrade |
Shares Outstanding (Diluted) | 14,228 | 14,228 | 14,228 | 8,593 | 8,593 | 11,364 | Upgrade |
Shares Change (YoY) | - | - | 65.58% | - | -24.39% | 32.26% | Upgrade |
EPS (Basic) | 0.20 | 0.16 | 0.09 | 0.16 | 0.11 | 0.06 | Upgrade |
EPS (Diluted) | 0.20 | 0.16 | 0.09 | 0.16 | 0.11 | 0.06 | Upgrade |
EPS Growth | 116.57% | 80.22% | -43.45% | 42.27% | 87.46% | 3.30% | Upgrade |
Free Cash Flow | 3,135 | 2,245 | 375.89 | 1,458 | 1,668 | 173.43 | Upgrade |
Free Cash Flow Per Share | 0.22 | 0.16 | 0.03 | 0.17 | 0.19 | 0.01 | Upgrade |
Dividend Per Share | 0.050 | 0.050 | 0.030 | - | - | - | Upgrade |
Dividend Growth | 66.67% | 66.67% | - | - | - | - | Upgrade |
Operating Margin | 7.29% | 8.31% | 7.27% | 10.26% | 13.21% | 10.02% | Upgrade |
Profit Margin | 5.37% | 5.69% | 6.48% | 8.67% | 11.34% | 8.47% | Upgrade |
Free Cash Flow Margin | 5.99% | 5.46% | 1.88% | 9.11% | 19.41% | 2.14% | Upgrade |
EBITDA | 4,108 | 3,671 | 1,584 | 1,728 | 1,318 | 954.43 | Upgrade |
EBITDA Margin | 7.84% | 8.92% | 7.90% | 10.80% | 15.34% | 11.76% | Upgrade |
D&A For EBITDA | 290.14 | 251.03 | 127.07 | 86.42 | 183.59 | 141.26 | Upgrade |
EBIT | 3,818 | 3,420 | 1,457 | 1,642 | 1,135 | 813.16 | Upgrade |
EBIT Margin | 7.29% | 8.31% | 7.27% | 10.26% | 13.21% | 10.02% | Upgrade |
Effective Tax Rate | 8.90% | 11.14% | 9.84% | 4.26% | - | 13.62% | Upgrade |
Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.