Sunu Assurances Nigeria Plc (NGX:SUNUASSUR)

Sunu Assurances Nigeria Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	18,411	15,267	9,869	5,476	4,462	3,090
Total Interest & Dividend Income	1,787	1,666	564.53	364.89	247.29	345.56
Gain (Loss) on Sale of Investments	42.8	22.05	42.68	-9.09	5.51	14.27
Other Revenue	238.9	219.07	243.22	469.17	230.62	152.56
Total Revenue	20,480	17,174	10,719	6,301	4,946	3,602
Revenue Growth (YoY)	29.65%	60.22%	70.12%	27.40%	37.30%	14.64%
Policy Benefits	9,954	9,300	6,059	2,010	1,359	752.44
Policy Acquisition & Underwriting Costs	-	-	-	1,412	1,136	857.34
Selling, General & Administrative	637.86	482.17	313.79	260.8	209.38	165.7
Provision for Bad Debts	4.21	4.21	11.08	0.38	18.39	3.95
Other Operating Expenses	2,508	2,197	1,695	1,356	1,076	840.1
Reinsurance Income or Expense	-3,276	-1,472	-1,152	-	-	-
Total Operating Expenses	17,941	14,814	10,285	5,900	4,484	3,253
Operating Income	2,539	2,361	434.57	401.31	461.94	349.65
Interest Expense	-4.81	-7.24	-1.83	-0.75	-	-
Currency Exchange Gain (Loss)	-1,749	1,989	2,534	246.11	97.4	-6.15
Other Non Operating Income (Expenses)	-75.11	-138.12	-152.89	4.29	-75.21	-39.04
EBT Excluding Unusual Items	709.44	4,204	2,814	650.97	484.13	304.46
Gain (Loss) on Sale of Assets	3.58	20.96	3.26	4.2	4.03	1.4
Asset Writedown	49.89	49.89	-	-	-	7.55
Pretax Income	762.9	4,275	2,817	655.16	488.16	313.41
Income Tax Expense	537.85	594.92	138.43	177.53	254.61	75.47
Earnings From Continuing Ops.	225.05	3,680	2,679	477.63	233.55	237.94
Minority Interest in Earnings	-54.16	-16.6	-45.38	-44.74	-34.82	-16.82
Net Income	170.89	3,663	2,633	432.9	198.73	221.12
Net Income to Common	170.89	3,663	2,633	432.9	198.73	221.12
Net Income Growth	-96.87%	39.11%	508.31%	117.83%	-10.12%	-
Shares Outstanding (Basic)	5,811	5,811	5,811	5,811	5,811	2,800
Shares Outstanding (Diluted)	5,811	5,811	5,811	5,811	5,811	2,800
Shares Change (YoY)	-	-	-	-	107.53%	-
EPS (Basic)	0.03	0.63	0.45	0.07	0.03	0.08
EPS (Diluted)	0.03	0.63	0.45	0.07	0.03	0.08
EPS Growth	-96.87%	39.11%	508.31%	117.83%	-56.69%	-
Free Cash Flow	-1,472	4,142	3,508	886.62	-1,967	-439.11
Free Cash Flow Per Share	-0.25	0.71	0.60	0.15	-0.34	-0.16
Dividend Per Share	0.100	0.100	-	0.030	-	-
Operating Margin	12.40%	13.74%	4.05%	6.37%	9.34%	9.71%
Profit Margin	0.83%	21.33%	24.57%	6.87%	4.02%	6.14%
Free Cash Flow Margin	-7.19%	24.12%	32.72%	14.07%	-39.76%	-12.19%
EBITDA	2,932	2,689	692.73	621.27	674.7	506.96
EBITDA Margin	14.31%	15.66%	6.46%	9.86%	13.64%	14.07%
D&A For EBITDA	393.05	328.68	258.17	219.95	212.76	157.31
EBIT	2,539	2,361	434.57	401.31	461.94	349.65
EBIT Margin	12.40%	13.74%	4.05%	6.37%	9.34%	9.71%
Effective Tax Rate	70.50%	13.92%	4.91%	27.10%	52.16%	24.08%

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