Sovereign Trust Insurance Plc (NGX:SOVRENINS)

Sovereign Trust Insurance Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	878.93	1,284	2,456	1,645	487.94	406.48
Investments in Equity & Preferred Securities	822.17	822.17	783.35	430.84	462.13	462.49
Total Investments	6,621	5,672	5,999	4,623	3,046	2,808
Cash & Equivalents	16,905	11,689	13,172	10,989	8,679	7,983
Reinsurance Recoverable	7,372	3,949	2,863	2,581	2,481	808.75
Other Receivables	4,027	3,093	2,909	1,672	1,078	1,071
Deferred Policy Acquisition Cost	-	-	-	-	-	394.24
Property, Plant & Equipment	3,746	3,441	2,989	2,463	1,460	1,471
Other Intangible Assets	13.71	3.31	13.98	58.14	61.6	1.84
Restricted Cash	1,500	315	315	315	315	315
Other Current Assets	284.98	152.85	51.5	60.37	33.83	1,545
Other Long-Term Assets	-	-	-0	0	-	-
Total Assets	40,470	28,315	28,312	22,761	17,154	16,397

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	-	12	10.55	209.56	233.13	-
Accrued Expenses	-	25.33	184.34	71.88	24.5	28.53
Unpaid Claims	2,125	2,000	2,226	2,051	1,833	1,576
Unearned Premiums	9,442	4,496	4,274	2,629	2,344	2,759
Reinsurance Payable	-	-	-	-	-	305.13
Current Portion of Long-Term Debt	-	-	-	-	-	1,714
Current Income Taxes Payable	166.71	202.23	277.76	94.46	99.67	227.78
Long-Term Debt	5,005	4,981	4,967	3,625	2,079	-
Long-Term Leases	156.17	375.63	247.68	56.98	19.27	19.87
Long-Term Deferred Tax Liabilities	123.65	110.34	231.01	315.35	63.17	96.37
Other Current Liabilities	240.12	284.6	119.78	78.53	53.51	53.66
Other Long-Term Liabilities	0	-0	0	-0	-	0
Total Liabilities	17,269	12,486	12,538	9,132	6,749	6,780

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	7,114	7,114	7,114	7,114	5,682	5,682
Additional Paid-In Capital	33.81	33.81	33.81	33.81	74.06	74.06
Retained Earnings	8,464	7,733	7,783	5,814	4,486	3,453
Comprehensive Income & Other	7,447	779.35	739.32	666.91	162.7	407.51
Total Common Equity	23,058	15,661	15,670	13,629	10,405	9,617
Minority Interest	142.55	167.64	104.12	-	-	-
Shareholders' Equity	23,201	15,828	15,774	13,629	10,405	9,617
Total Liabilities & Equity	40,470	28,315	28,312	22,761	17,154	16,397

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	14,228	14,228	14,228	14,228	11,364	11,364
Total Common Shares Outstanding	14,228	14,228	14,228	14,228	11,364	11,364
Total Debt	5,161	5,356	5,215	3,682	2,098	1,734
Net Cash (Debt)	11,744	6,332	7,957	7,307	6,581	6,249
Net Cash Growth	6128.40%	-20.42%	8.90%	11.03%	5.32%	4.84%
Net Cash Per Share	0.83	0.45	0.56	0.51	0.77	0.73
Book Value Per Share	1.62	1.10	1.10	0.96	0.92	0.85
Tangible Book Value	23,045	15,657	15,656	13,571	10,343	9,615
Tangible Book Value Per Share	1.62	1.10	1.10	0.95	0.91	0.85
Land	-	1,522	1,522	1,522	758.37	758.37
Buildings	-	773.14	727.16	645.48	422.26	422.26
Machinery	-	2,661	2,538	1,888	1,699	1,863
Leasehold Improvements	-	-	-	-	135.84	135.84

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 31, 2026

Data Sources Report a data error