Universal Insurance Plc (NGX:UNIVINSURE)

Universal Insurance 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	17,219	13,761	8,007	4,839	2,404	2,584
Total Interest & Dividend Income	-419.59	457.64	-74.38	219.67	118.16	201.49
Gain (Loss) on Sale of Investments	1,496	-649.54	523.68	-76.57	279.73	675.46
Other Revenue	-	-	-	56.36	122.59	129.73
Total Revenue	18,296	13,569	8,456	5,039	2,924	3,591
Revenue Growth (YoY)	77.08%	60.46%	67.82%	72.32%	-18.57%	120.08%
Policy Benefits	14,491	10,963	6,469	3,282	365.51	355.71
Policy Acquisition & Underwriting Costs	-	-	-	-	1,119	1,149
Amortization of Goodwill & Intangibles	21.95	14.36	21.36	19.67	19.08	16.07
Depreciation & Amortization	148.89	136.37	214.17	119.61	95.49	83.74
Selling, General & Administrative	934.41	358.42	203.61	658.92	214.73	318.74
Provision for Bad Debts	-	3.92	-2.85	-	-	-
Other Operating Expenses	-	555.26	469.36	474.69	380.85	-
Total Operating Expenses	16,266	12,755	8,156	5,143	2,791	2,413
Operating Income	2,030	813.47	299.72	-104.65	133.52	1,178
Other Non Operating Income (Expenses)	337.55	-23.42	110.57	411.37	15.66	-6.91
EBT Excluding Unusual Items	2,367	790.05	410.29	306.72	149.18	1,171
Gain (Loss) on Sale of Assets	0.37	-	-	0.56	0.01	-
Asset Writedown	-	1,199	131.82	21.58	13.04	-
Pretax Income	2,367	1,989	542.1	328.87	162.23	1,171
Income Tax Expense	44.81	47.76	12.04	14.36	10.81	34.65
Earnings From Continuing Ops.	2,323	1,941	530.06	314.51	151.43	1,136
Net Income	2,323	1,941	530.06	314.51	151.43	1,136
Net Income to Common	2,323	1,941	530.06	314.51	151.43	1,136
Net Income Growth	-	266.20%	68.54%	107.69%	-86.67%	1645.87%
Shares Outstanding (Basic)	16,000	16,000	16,000	16,000	16,000	16,000
Shares Outstanding (Diluted)	16,000	16,000	16,000	16,000	16,000	16,000
EPS (Basic)	0.15	0.12	0.03	0.02	0.01	0.07
EPS (Diluted)	0.15	0.12	0.03	0.02	0.01	0.07
EPS Growth	-	266.20%	68.54%	107.69%	-86.67%	1645.88%
Free Cash Flow	1,157	1,805	266.37	-122.76	-40.04	303.63
Free Cash Flow Per Share	0.07	0.11	0.02	-0.01	-0.00	0.02
Operating Margin	11.09%	6.00%	3.54%	-2.08%	4.57%	32.80%
Profit Margin	12.70%	14.31%	6.27%	6.24%	5.18%	31.64%
Free Cash Flow Margin	6.33%	13.30%	3.15%	-2.44%	-1.37%	8.46%
EBITDA	2,210	1,122	500.41	14.96	229.01	1,261
EBITDA Margin	12.08%	8.27%	5.92%	0.30%	7.83%	35.13%
D&A For EBITDA	180.98	308.85	200.69	119.61	95.49	83.74
EBIT	2,030	813.47	299.72	-104.65	133.52	1,178
EBIT Margin	11.09%	6.00%	3.54%	-2.08%	4.57%	32.80%
Effective Tax Rate	1.89%	2.40%	2.22%	4.37%	6.66%	2.96%
Revenue as Reported	-	-	-	-	2,478	-

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