Sunu Assurances Nigeria Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	629.37	1,582	1.27	1.25	1.48
Other Investments	-	-	-	-	209.07
Total Investments	1,450	2,201	547.85	501.42	712.48
Cash & Equivalents	12,146	11,875	8,259	4,506	3,109
Reinsurance Recoverable	2,744	2,113	1,667	1,527	1,730
Other Receivables	1,491	989.37	891.23	934.74	684.93
Deferred Policy Acquisition Cost	-	-	-	285.14	224.8
Property, Plant & Equipment	4,531	4,637	3,951	3,931	3,931
Other Intangible Assets	536.4	539.05	551.83	606.5	654.74
Restricted Cash	315	315	315	315	315
Other Current Assets	261.61	211.12	188.27	121.93	142.86
Other Long-Term Assets	902.71	435.02	378.18	338.59	401.13
Total Assets	24,378	23,316	16,749	13,067	11,906
Accrued Expenses	283.27	447.65	310.19	205.43	206.36
Insurance & Annuity Liabilities	3,542	2,394	2,010	-	-
Unpaid Claims	3,459	4,138	2,950	2,380	2,243
Unearned Premiums	519.96	819.98	202.76	1,723	1,396
Reinsurance Payable	-	-	19.71	10.62	42.08
Current Income Taxes Payable	472.49	542.31	116.33	113.57	110.05
Long-Term Leases	25.72	39.59	-	-	-
Long-Term Deferred Tax Liabilities	257.69	256.62	137.23	119.71	119.79
Other Current Liabilities	650.76	636.98	411.47	295.71	358.35
Other Long-Term Liabilities	-0	-	-	-	-
Total Liabilities	9,883	9,668	6,633	5,346	4,577
Common Stock	2,905	2,905	2,905	2,905	2,905
Additional Paid-In Capital	2,453	2,453	2,453	2,453	2,453
Retained Earnings	8,485	7,725	4,427	2,020	1,644
Comprehensive Income & Other	316.46	316.44	62.67	62.65	62.81
Total Common Equity	14,161	13,400	9,849	7,442	7,066
Minority Interest	334.51	247.19	266.89	279.71	262.73
Shareholders' Equity	14,495	13,647	10,115	7,721	7,329
Total Liabilities & Equity	24,378	23,316	16,749	13,067	11,906
Filing Date Shares Outstanding	5,811	5,811	5,811	5,811	5,811
Total Common Shares Outstanding	5,811	5,811	5,811	5,811	5,811
Total Debt	25.72	39.59	-	-	-
Net Cash (Debt)	12,120	11,836	8,259	4,506	3,109
Net Cash Growth	2.40%	43.30%	83.28%	44.95%	-7.73%
Net Cash Per Share	2.09	2.04	1.42	0.78	0.54
Book Value Per Share	2.44	2.31	1.69	1.28	1.22
Tangible Book Value	13,624	12,861	9,297	6,835	6,411
Tangible Book Value Per Share	2.34	2.21	1.60	1.18	1.10
Land	1,316	1,200	1,200	1,200	1,200
Buildings	2,681	2,882	2,509	2,507	2,474
Machinery	1,646	1,430	1,149	990.1	910.12

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.