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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	1,274	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	6,323	5,672	5,999	4,623	3,046	2,808
Cash & Equivalents	5,808	11,689	13,172	10,989	8,679	7,983
Reinsurance Recoverable	5,962	3,949	2,863	2,581	2,481	808.75
Other Receivables	4,897	3,093	2,909	1,672	1,078	1,071
Deferred Policy Acquisition Cost	-	-	-	-	-	394.24
Property, Plant & Equipment	3,741	3,441	2,989	2,463	1,460	1,471
Other Intangible Assets	12.51	3.31	13.98	58.14	61.6	1.84
Restricted Cash	315	315	315	315	315	315
Other Current Assets	-	152.85	51.5	60.37	33.83	1,545
Other Long-Term Assets	-	-	-0	0	-	-
Total Assets	27,058	28,315	28,312	22,761	17,154	16,397
Accounts Payable	-	12	10.55	209.56	233.13	-
Accrued Expenses	-	25.33	184.34	71.88	24.5	28.53
Insurance & Annuity Liabilities	6,151	-	-	-	-	-
Unpaid Claims	-	2,000	2,226	2,051	1,833	1,576
Unearned Premiums	-	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	69.11	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	151.01	375.63	247.68	56.98	19.27	19.87
Long-Term Deferred Tax Liabilities	44.45	110.34	231.01	315.35	63.17	96.37
Other Current Liabilities	189.45	284.6	119.78	78.53	53.51	53.66
Other Long-Term Liabilities	0	-0	0	-0	-	0
Total Liabilities	11,609	12,486	12,538	9,132	6,749	6,780
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	7,963	7,733	7,783	5,814	4,486	3,453
Comprehensive Income & Other	195.1	779.35	739.32	666.91	162.7	407.51
Total Common Equity	15,306	15,661	15,670	13,629	10,405	9,617
Minority Interest	142.55	167.64	104.12	-	-	-
Shareholders' Equity	15,448	15,828	15,774	13,629	10,405	9,617
Total Liabilities & Equity	27,058	28,315	28,312	22,761	17,154	16,397
Filing Date Shares Outstanding	13,087	14,228	14,228	14,228	11,364	11,364
Total Common Shares Outstanding	13,087	14,228	14,228	14,228	11,364	11,364
Total Debt	5,156	5,356	5,215	3,682	2,098	1,734
Net Cash (Debt)	651.86	6,332	7,957	7,307	6,581	6,249
Net Cash Growth	-	-20.42%	8.90%	11.03%	5.32%	4.84%
Net Cash Per Share	0.05	0.45	0.56	0.51	0.77	0.73
Book Value Per Share	1.17	1.10	1.10	0.96	0.92	0.85
Tangible Book Value	15,293	15,657	15,656	13,571	10,343	9,615
Tangible Book Value Per Share	1.17	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

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.