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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	1,582	1.27	1.25	1.48	1.93	1.93
Other Investments	-	-	-	209.07	2,794	3,833
Total Investments	2,140	547.85	501.42	712.48	3,287	4,305
Cash & Equivalents	13,329	8,197	4,506	3,109	3,369	2,775
Reinsurance Recoverable	3,136	2,136	1,527	1,730	1,111	1,279
Other Receivables	1,164	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	4,199	3,970	3,931	3,931	860.82	922.6
Other Intangible Assets	553.43	520.55	606.5	654.74	684.33	728.78
Restricted Cash	315	315	315	315	315	315
Other Current Assets	500.64	286.59	121.93	142.86	295.53	298.2
Other Long-Term Assets	338.27	350.25	338.59	401.13	248.77	144.25
Total Assets	25,675	17,640	13,067	11,906	10,728	11,155
Accounts Payable	-	-	-	-	15.92	8.74
Accrued Expenses	670.64	297.23	205.43	206.36	85.48	190
Insurance & Annuity Liabilities	3,419	-	-	-	-	-
Unpaid Claims	4,674	2,494	2,380	2,243	1,722	2,206
Unearned Premiums	153.33	2,982	1,723	1,396	1,050	720.97
Reinsurance Payable	357.1	127.12	10.62	42.08	5.37	-
Current Income Taxes Payable	597.29	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	512.64	384.98	295.71	358.35	85.22	82.17
Other Long-Term Liabilities	0	-	-	-	3,329	475.58
Total Liabilities	11,180	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	8,805	4,737	2,020	1,644	1,474	-4,334
Comprehensive Income & Other	62.67	62.67	62.65	62.81	63.11	63.11
Total Common Equity	14,226	10,159	7,442	7,066	3,961	3,752
Minority Interest	268.65	290.18	279.71	262.73	241.79	242.81
Shareholders' Equity	14,495	10,449	7,721	7,329	4,203	3,995
Total Liabilities & Equity	25,675	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)	13,329	8,197	4,506	3,109	3,369	-213.85
Net Cash Growth	85.55%	81.89%	44.95%	-7.73%	-	-
Net Cash Per Share	2.29	1.41	0.78	0.54	1.20	-0.08
Book Value Per Share	2.45	1.75	1.28	1.22	1.41	1.34
Tangible Book Value	13,673	9,638	6,835	6,411	3,276	3,024
Tangible Book Value Per Share	2.35	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	1,392	1,165	990.1	910.12	739.11	717.46

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