Sovereign Trust Insurance Plc (NGX: SOVRENINS)
Nigeria
· Delayed Price · Currency is NGN 0.900
+0.010 (1.12%)
At close: Dec 24, 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 | Sep '24 Sep 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 | 35,895 | 19,323 | 15,702 | 7,276 | 6,542 | 5,950 | Upgrade
|
| Total Interest & Dividend Income | 1,269 | 911.03 | 299.4 | 316.87 | 448.2 | 405.8 | Upgrade
|
| Gain (Loss) on Sale of Investments | -352.67 | -187.3 | - | 219.43 | 112.84 | -2.61 | Upgrade
|
| Other Revenue | - | - | - | 779.22 | 1,016 | 940.99 | Upgrade
|
| Total Revenue | 36,812 | 20,047 | 16,001 | 8,592 | 8,119 | 7,294 | Upgrade
|
| Revenue Growth (YoY) | 75.86% | 25.28% | 86.24% | 5.83% | 11.30% | 26.08% | Upgrade
|
| Policy Benefits | 27,172 | 11,628 | 9,848 | 3,169 | 3,486 | 2,209 | Upgrade
|
| Policy Acquisition & Underwriting Costs | 4,331 | 4,331 | 2,730 | 2,411 | 1,974 | 2,432 | Upgrade
|
| Amortization of Goodwill & Intangibles | 53.7 | 45.4 | 30.76 | 0.92 | - | 6.12 | Upgrade
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| Depreciation & Amortization | 228.81 | 186.65 | 102.17 | 199.34 | - | 154.6 | Upgrade
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| Selling, General & Administrative | 40.88 | 37.43 | 31.32 | 684.37 | 1,741 | 741.68 | Upgrade
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| Provision for Bad Debts | - | - | 0.4 | -5.11 | 6.26 | - | Upgrade
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| Other Operating Expenses | 892.33 | 907.76 | 445.81 | 61.6 | 99.17 | 127.81 | Upgrade
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| Total Operating Expenses | 34,532 | 18,614 | 14,359 | 7,457 | 7,306 | 6,608 | Upgrade
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| Operating Income | 2,280 | 1,433 | 1,642 | 1,135 | 813.16 | 686.31 | Upgrade
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| Interest Expense | - | -59.36 | -265.97 | -217.62 | -39.46 | -164.81 | Upgrade
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| Earnings From Equity Investments | 8.19 | 8.19 | 8.42 | 0.32 | 3.89 | 6.49 | Upgrade
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| Currency Exchange Gain (Loss) | 34.25 | 34.25 | 67.87 | -38.96 | - | 246.35 | Upgrade
|
| Other Non Operating Income (Expenses) | - | - | -3.13 | 6.24 | -11.8 | -1.13 | Upgrade
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| EBT Excluding Unusual Items | 2,465 | 1,416 | 1,449 | 884.69 | 765.79 | 773.21 | Upgrade
|
| Gain (Loss) on Sale of Assets | - | - | 1.3 | - | - | - | Upgrade
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| Asset Writedown | - | - | - | 1.07 | 30.32 | 45.8 | Upgrade
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| Other Unusual Items | - | - | -1.83 | - | - | - | Upgrade
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| Pretax Income | 2,465 | 1,416 | 1,448 | 885.76 | 796.11 | 819.01 | Upgrade
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| Income Tax Expense | 229.61 | 141.79 | 61.69 | -88.98 | 108.41 | 315.63 | Upgrade
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| Net Income | 2,235 | 1,274 | 1,387 | 974.73 | 687.7 | 503.38 | Upgrade
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| Net Income to Common | 2,235 | 1,274 | 1,387 | 974.73 | 687.7 | 503.38 | Upgrade
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| Net Income Growth | 60.22% | -8.13% | 42.27% | 41.74% | 36.62% | 46.23% | Upgrade
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| Shares Outstanding (Basic) | 16,376 | 14,228 | 8,593 | 8,593 | 11,364 | 8,593 | Upgrade
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| Shares Outstanding (Diluted) | 16,376 | 14,228 | 8,593 | 8,593 | 11,364 | 8,593 | Upgrade
|
| Shares Change (YoY) | 90.58% | 65.58% | - | -24.39% | 32.26% | 3.02% | Upgrade
|
| EPS (Basic) | 0.14 | 0.09 | 0.16 | 0.11 | 0.06 | 0.06 | Upgrade
|
| EPS (Diluted) | 0.14 | 0.09 | 0.16 | 0.11 | 0.06 | 0.06 | Upgrade
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| EPS Growth | -15.93% | -44.52% | 42.27% | 87.46% | 3.30% | 41.94% | Upgrade
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| Free Cash Flow | 3,778 | 2,635 | 1,458 | 1,668 | 173.43 | 370.98 | Upgrade
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| Free Cash Flow Per Share | 0.23 | 0.19 | 0.17 | 0.19 | 0.02 | 0.04 | Upgrade
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| Dividend Per Share | 0.030 | 0.030 | - | - | - | - | Upgrade
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| Operating Margin | 6.19% | 7.15% | 10.26% | 13.21% | 10.02% | 9.41% | Upgrade
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| Profit Margin | 6.07% | 6.36% | 8.67% | 11.34% | 8.47% | 6.90% | Upgrade
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| Free Cash Flow Margin | 10.26% | 13.14% | 9.11% | 19.41% | 2.14% | 5.09% | Upgrade
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| EBITDA | 2,425 | 1,560 | 1,728 | 1,318 | 954.43 | 840.91 | Upgrade
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| EBITDA Margin | 6.59% | 7.78% | 10.80% | 15.34% | 11.76% | 11.53% | Upgrade
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| D&A For EBITDA | 145.19 | 127.07 | 86.42 | 183.59 | 141.26 | 154.6 | Upgrade
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| EBIT | 2,280 | 1,433 | 1,642 | 1,135 | 813.16 | 686.31 | Upgrade
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| EBIT Margin | 6.19% | 7.15% | 10.26% | 13.21% | 10.02% | 9.41% | Upgrade
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| Effective Tax Rate | 9.32% | 10.01% | 4.26% | - | 13.62% | 38.54% | Upgrade
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Source: S&P Capital IQ. Insurance template. Financial Sources.