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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	17,758	15,267	9,869	5,476	4,462	3,090
Total Interest & Dividend Income	1,831	1,666	564.53	364.89	247.29	345.56
Gain (Loss) on Sale of Investments	23.53	22.05	42.68	-9.09	5.51	14.27
Other Revenue	235.13	219.07	243.22	469.17	230.62	152.56
Total Revenue	19,847	17,174	10,719	6,301	4,946	3,602
Revenue Growth (YoY)	36.89%	60.22%	70.12%	27.40%	37.30%	14.64%
Policy Benefits	10,943	9,300	6,059	2,010	1,359	752.44
Policy Acquisition & Underwriting Costs	-	-	-	1,412	1,136	857.34
Selling, General & Administrative	610.24	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	2,506	2,197	1,695	1,356	1,076	840.1
Reinsurance Income or Expense	-2,261	-1,472	-1,152	-	-	-
Total Operating Expenses	17,860	14,814	10,285	5,900	4,484	3,253
Operating Income	1,987	2,361	434.57	401.31	461.94	349.65
Interest Expense	-5.52	-7.24	-1.83	-0.75	-	-
Currency Exchange Gain (Loss)	-42.47	1,989	2,534	246.11	97.4	-6.15
Other Non Operating Income (Expenses)	-133.6	-138.12	-152.89	4.29	-75.21	-39.04
EBT Excluding Unusual Items	1,805	4,204	2,814	650.97	484.13	304.46
Gain (Loss) on Sale of Assets	4.32	20.96	3.26	4.2	4.03	1.4
Asset Writedown	49.89	49.89	-	-	-	7.55
Pretax Income	1,859	4,275	2,817	655.16	488.16	313.41
Income Tax Expense	466.53	594.92	138.43	177.53	254.61	75.47
Earnings From Continuing Ops.	1,393	3,680	2,679	477.63	233.55	237.94
Minority Interest in Earnings	-47.62	-16.6	-45.38	-44.74	-34.82	-16.82
Net Income	1,345	3,663	2,633	432.9	198.73	221.12
Net Income to Common	1,345	3,663	2,633	432.9	198.73	221.12
Net Income Growth	-65.97%	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)	0.23	0.63	0.45	0.07	0.03	0.08
EPS (Diluted)	0.23	0.63	0.45	0.07	0.03	0.08
EPS Growth	-66.13%	39.11%	508.31%	117.83%	-56.69%	-
Free Cash Flow	1,879	4,142	3,508	886.62	-1,967	-439.11
Free Cash Flow Per Share	0.32	0.71	0.60	0.15	-0.34	-0.16
Dividend Per Share	0.100	0.100	-	0.030	-	-
Operating Margin	10.01%	13.74%	4.05%	6.37%	9.34%	9.71%
Profit Margin	6.78%	21.33%	24.57%	6.87%	4.02%	6.14%
Free Cash Flow Margin	9.47%	24.12%	32.72%	14.07%	-39.76%	-12.19%
EBITDA	2,363	2,689	692.73	621.27	674.7	506.96
EBITDA Margin	11.91%	15.66%	6.46%	9.86%	13.64%	14.07%
D&A For EBITDA	376.55	328.68	258.17	219.95	212.76	157.31
EBIT	1,987	2,361	434.57	401.31	461.94	349.65
EBIT Margin	10.01%	13.74%	4.05%	6.37%	9.34%	9.71%
Effective Tax Rate	25.09%	13.92%	4.91%	27.10%	52.16%	24.08%

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