Sunu Assurances Nigeria Plc (NGX: SUNUASSUR)

Sunu Assurances Nigeria Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	104.16	1.27	1.25	1.48	1.93	1.93
Other Investments	-	-	-	209.07	2,794	3,833
Total Investments	657.86	547.85	501.42	712.48	3,287	4,305
Cash & Equivalents	12,903	8,197	4,506	3,109	3,369	2,775
Reinsurance Recoverable	2,369	2,136	1,527	1,730	1,111	1,279
Other Receivables	1,009	883.77	934.74	684.93	399.28	267.73
Deferred Policy Acquisition Cost	-	434.1	285.14	224.8	157.23	118.31
Property, Plant & Equipment	4,217	3,970	3,931	3,931	860.82	922.6
Other Intangible Assets	582.3	520.55	606.5	654.74	684.33	728.78
Restricted Cash	315	315	315	315	315	315
Other Current Assets	466.75	286.59	121.93	142.86	295.53	298.2
Other Long-Term Assets	332.72	350.25	338.59	401.13	248.77	144.25
Total Assets	22,853	17,640	13,067	11,906	10,728	11,155
Accounts Payable	-	-	-	-	15.92	8.74
Accrued Expenses	583.38	297.23	205.43	206.36	85.48	190
Insurance & Annuity Liabilities	4,097	-	-	-	-	-
Unpaid Claims	2,953	2,494	2,380	2,243	1,722	2,206
Unearned Premiums	156.09	2,982	1,723	1,396	1,050	720.97
Reinsurance Payable	300.88	127.12	10.62	42.08	5.37	-
Current Income Taxes Payable	517.32	306.11	113.57	110.05	55.9	53.35
Long-Term Debt	-	-	-	-	-	2,989
Long-Term Deferred Tax Liabilities	137.23	119.71	119.71	119.79	91.04	63.8
Other Current Liabilities	480.45	384.98	295.71	358.35	85.22	82.17
Other Long-Term Liabilities	0	-	-	-	3,329	475.58
Total Liabilities	9,390	7,192	5,346	4,577	6,526	7,159
Common Stock	2,905	2,905	2,905	2,905	1,400	7,000
Additional Paid-In Capital	2,453	2,453	2,453	2,453	1,023	1,023
Retained Earnings	7,771	4,737	2,020	1,644	1,474	-4,334
Comprensive Income & Other	62.67	62.67	62.65	62.81	63.11	63.11
Total Common Equity	13,192	10,159	7,442	7,066	3,961	3,752
Minority Interest	271.36	290.18	279.71	262.73	241.79	242.81
Shareholders' Equity	13,463	10,449	7,721	7,329	4,203	3,995
Total Liabilities & Equity	22,853	17,640	13,067	11,906	10,728	11,155
Filing Date Shares Outstanding	5,811	5,811	5,811	5,811	2,800	2,800
Total Common Shares Outstanding	5,811	5,811	5,811	5,811	2,800	2,800
Total Debt	-	-	-	-	-	2,989
Net Cash (Debt)	12,903	8,197	4,506	3,109	3,369	-213.85
Net Cash Growth	81.28%	81.89%	44.95%	-7.73%	-	-
Net Cash Per Share	2.22	1.41	0.78	0.54	1.20	-0.08
Book Value Per Share	2.27	1.75	1.28	1.22	1.41	1.34
Tangible Book Value	12,610	9,638	6,835	6,411	3,276	3,024
Tangible Book Value Per Share	2.17	1.66	1.18	1.10	1.17	1.08
Land	1,200	1,200	1,200	1,200	199.81	199.81
Buildings	2,509	2,509	2,507	2,474	473.19	473.19
Machinery	1,406	1,165	990.1	910.12	739.11	717.46

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