Standard Alliance Insurance Plc (NGX: STDINSURE)

STDINSURE Balance Sheet

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

Fiscal Year	TTM	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	Sep 30, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Investments in Debt Securities	142.31	49.72	41.63	314.68	583.55	-
Investments in Equity & Preferred Securities	214.25	233.72	258.51	154.05	256.32	1,037
Policy Loans	69.88	66.89	73.88	78.62	63.18	-
Other Investments	-	-	-	188.63	177.63	102.3
Total Investments	4,551	4,549	4,382	4,587	4,422	2,614
Cash & Equivalents	1,569	1,346	1,029	485.01	734.32	701.24
Reinsurance Recoverable	521.66	522.75	533.01	955.47	1,033	607.66
Other Receivables	300.18	106.39	71.36	53.39	95.66	988.88
Deferred Policy Acquisition Cost	76.66	54.68	106.44	117.91	131.24	96.44
Property, Plant & Equipment	6,262	6,285	6,308	6,257	2,898	2,223
Other Intangible Assets	3.03	5.88	9.26	13.48	11.76	7.69
Restricted Cash	-	535	535	535	535	335
Other Current Assets	9.72	56.03	114.52	12.72	1,927	32.47
Other Long-Term Assets	535	-	0	-	-	-
Total Assets	13,828	13,461	13,088	13,017	11,787	7,605
Accrued Expenses	382.79	261.01	189.63	290.58	214.25	143.54
Insurance & Annuity Liabilities	1,665	1,956	1,626	1,078	23.03	-
Unpaid Claims	2,174	2,259	2,084	2,872	3,351	1,485
Unearned Premiums	971.92	425.25	986.07	1,109	1,055	917.38
Reinsurance Payable	48.89	39.45	172.91	39.64	133.12	75.95
Current Portion of Long-Term Debt	1,368	1,370	1,304	1,270	728.13	300.7
Current Portion of Leases	11.79	9.17	26.47	50.49	78.09	32.41
Short-Term Debt	96.3	-	-	-	-	-
Current Income Taxes Payable	246.14	317.47	247.5	204.14	214.01	334.29
Long-Term Debt	-	-	-	-	67.78	457.1
Long-Term Leases	-	4.32	12.31	30.19	58.61	-
Long-Term Deferred Tax Liabilities	550.59	475.6	543.15	586.66	382	305.56
Other Current Liabilities	2.94	344.71	294.3	243.36	236.06	44.29
Other Long-Term Liabilities	736.55	660.15	368.24	590.68	630.24	13.8
Total Liabilities	8,262	8,130	7,865	8,368	7,191	4,129
Total Preferred Equity	175	-	-	-	-	175
Common Stock	6,456	6,456	6,456	5,997	5,997	5,997
Additional Paid-In Capital	7,485	7,485	7,485	7,667	7,667	7,667
Retained Earnings	-12,007	-12,016	-12,039	-12,365	-11,141	-11,978
Treasury Stock	-1.15	-1.15	-2.85	-2.85	-	-
Comprensive Income & Other	3,458	3,408	3,325	3,077	1,680	1,615
Total Common Equity	5,391	5,331	5,224	4,373	4,203	3,302
Minority Interest	-	-	-	276.41	393.6	-
Shareholders' Equity	5,566	5,331	5,224	4,649	4,597	3,477
Total Liabilities & Equity	13,828	13,461	13,088	13,017	11,787	7,605
Filing Date Shares Outstanding	-	12,911	12,911	11,993	11,993	11,993
Total Common Shares Outstanding	-	12,911	12,911	11,993	11,993	11,993
Total Debt	1,477	1,383	1,343	1,350	932.62	790.21
Net Cash (Debt)	92.19	-37.09	-313.81	-865.31	-198.3	-88.98
Net Cash Per Share	-	-0.00	-0.02	-0.07	-0.02	-0.01
Book Value Per Share	-	0.41	0.40	0.36	0.35	0.28
Tangible Book Value	5,388	5,326	5,215	4,359	4,191	3,294
Tangible Book Value Per Share	-	0.41	0.40	0.36	0.35	0.27
Land	-	2,770	2,650	2,490	455	290
Buildings	-	3,583	3,583	3,583	2,159	1,920
Machinery	-	1,504	1,502	1,520	1,536	716.44

Source: S&P Capital IQ. Insurance template. Financial Sources.