Sovereign Trust Insurance Balance Sheet

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
Period Ending	Sep '25 Sep 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
Investments in Debt Securities	1,650	2,456	1,645	487.94	406.48	99.14
Investments in Equity & Preferred Securities	783.38	783.35	430.84	462.13	462.49	136.33
Total Investments	5,749	5,999	4,623	3,046	2,808	1,671
Cash & Equivalents	5,074	13,172	10,989	8,679	7,983	7,274
Reinsurance Recoverable	6,562	2,863	2,581	2,481	808.75	1,176
Other Receivables	5,269	2,909	1,672	1,078	1,071	945.58
Deferred Policy Acquisition Cost	-	-	-	-	394.24	299.94
Property, Plant & Equipment	3,315	2,989	2,463	1,460	1,471	1,612
Other Intangible Assets	17.66	13.98	58.14	61.6	1.84	2.76
Restricted Cash	315	315	315	315	315	315
Other Current Assets	288.25	51.5	60.37	33.83	1,545	1,537
Other Long-Term Assets	0	-0	0	-	-	0
Total Assets	26,591	28,312	22,761	17,154	16,397	14,833
Accounts Payable	-	10.55	209.56	233.13	-	35
Accrued Expenses	4.32	184.34	71.88	24.5	28.53	62.83
Unpaid Claims	2,084	2,226	2,051	1,833	1,576	1,607
Unearned Premiums	4,935	4,274	2,629	2,344	2,759	2,308
Reinsurance Payable	-	-	-	-	305.13	302.15
Current Portion of Long-Term Debt	-	-	-	-	1,714	1,251
Current Income Taxes Payable	60.04	277.76	94.46	99.67	227.78	390.1
Long-Term Debt	4,790	4,967	3,625	2,079	-	-
Long-Term Leases	13.39	247.68	56.98	19.27	19.87	63.38
Long-Term Deferred Tax Liabilities	116.01	231.01	315.35	63.17	96.37	140.41
Other Current Liabilities	132.05	119.78	78.53	53.51	53.66	48.29
Other Long-Term Liabilities	0	0	-0	-	0	-
Total Liabilities	12,156	12,538	9,132	6,749	6,780	6,207
Common Stock	7,114	7,114	7,114	5,682	5,682	5,682
Additional Paid-In Capital	33.81	33.81	33.81	74.06	74.06	74.06
Retained Earnings	7,395	7,783	5,814	4,486	3,453	2,479
Comprehensive Income & Other	-230.97	739.32	666.91	162.7	407.51	391.11
Total Common Equity	14,312	15,670	13,629	10,405	9,617	8,626
Minority Interest	122.83	104.12	-	-	-	-
Shareholders' Equity	14,435	15,774	13,629	10,405	9,617	8,626
Total Liabilities & Equity	26,591	28,312	22,761	17,154	16,397	14,833
Filing Date Shares Outstanding	14,228	14,228	14,228	11,364	11,364	11,364
Total Common Shares Outstanding	14,228	14,228	14,228	11,364	11,364	11,364
Total Debt	4,803	5,215	3,682	2,098	1,734	1,314
Net Cash (Debt)	270.62	7,957	7,307	6,581	6,249	5,960
Net Cash Growth	-94.82%	8.90%	11.03%	5.32%	4.84%	-0.49%
Net Cash Per Share	0.02	0.56	0.51	0.77	0.73	0.52
Book Value Per Share	1.01	1.10	0.96	0.92	0.85	0.76
Tangible Book Value	14,294	15,656	13,571	10,343	9,615	8,623
Tangible Book Value Per Share	1.00	1.10	0.95	0.91	0.85	0.76
Land	-	1,522	1,522	758.37	758.37	758.37
Buildings	-	727.16	645.48	422.26	422.26	410.2
Machinery	-	2,538	1,888	1,699	1,863	1,817
Leasehold Improvements	-	-	-	135.84	135.84	135.84

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.