Sunu Assurances Nigeria Plc (NGX:SUNUASSUR)

Sunu Assurances Nigeria Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	1,582	1.27	1.25	1.48	1.93
Other Investments	-	-	-	209.07	2,794
Total Investments	2,201	547.85	501.42	712.48	3,287
Cash & Equivalents	11,875	8,259	4,506	3,109	3,369
Reinsurance Recoverable	2,113	1,667	1,527	1,730	1,111
Other Receivables	989.37	891.23	934.74	684.93	399.28
Deferred Policy Acquisition Cost	-	-	285.14	224.8	157.23
Property, Plant & Equipment	4,637	3,951	3,931	3,931	860.82
Other Intangible Assets	539.05	551.83	606.5	654.74	684.33
Restricted Cash	315	315	315	315	315
Other Current Assets	211.12	188.27	121.93	142.86	295.53
Other Long-Term Assets	435.02	378.18	338.59	401.13	248.77
Total Assets	23,316	16,749	13,067	11,906	10,728
Accounts Payable	-	-	-	-	15.92
Accrued Expenses	447.65	310.19	205.43	206.36	85.48
Insurance & Annuity Liabilities	2,394	2,010	-	-	-
Unpaid Claims	4,138	2,950	2,380	2,243	1,722
Unearned Premiums	819.98	202.76	1,723	1,396	1,050
Reinsurance Payable	-	19.71	10.62	42.08	5.37
Current Income Taxes Payable	542.31	116.33	113.57	110.05	55.9
Long-Term Leases	39.59	-	-	-	-
Long-Term Deferred Tax Liabilities	256.62	137.23	119.71	119.79	91.04
Other Current Liabilities	636.98	411.47	295.71	358.35	85.22
Other Long-Term Liabilities	-0	-	-	-	3,329
Total Liabilities	9,668	6,633	5,346	4,577	6,526
Common Stock	2,905	2,905	2,905	2,905	1,400
Additional Paid-In Capital	2,453	2,453	2,453	2,453	1,023
Retained Earnings	7,725	4,427	2,020	1,644	1,474
Comprehensive Income & Other	316.44	62.67	62.65	62.81	63.11
Total Common Equity	13,400	9,849	7,442	7,066	3,961
Minority Interest	247.19	266.89	279.71	262.73	241.79
Shareholders' Equity	13,647	10,115	7,721	7,329	4,203
Total Liabilities & Equity	23,316	16,749	13,067	11,906	10,728
Filing Date Shares Outstanding	5,811	5,811	5,811	5,811	2,800
Total Common Shares Outstanding	5,811	5,811	5,811	5,811	2,800
Total Debt	39.59	-	-	-	-
Net Cash (Debt)	11,836	8,259	4,506	3,109	3,369
Net Cash Growth	43.30%	83.28%	44.95%	-7.73%	-
Net Cash Per Share	2.04	1.42	0.78	0.54	1.20
Book Value Per Share	2.31	1.69	1.28	1.22	1.41
Tangible Book Value	12,861	9,297	6,835	6,411	3,276
Tangible Book Value Per Share	2.21	1.60	1.18	1.10	1.17
Land	1,200	1,200	1,200	1,200	199.81
Buildings	2,882	2,509	2,507	2,474	473.19
Machinery	1,430	1,149	990.1	910.12	739.11

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