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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	18,592	13,761	8,007	4,839	2,404	2,584
Total Interest & Dividend Income	2,092	457.64	-74.38	219.67	118.16	201.49
Gain (Loss) on Sale of Investments	2,417	-649.54	523.68	-76.57	279.73	675.46
Other Revenue	-	-	-	56.36	122.59	129.73
Total Revenue	23,101	13,569	8,456	5,039	2,924	3,591
Revenue Growth (YoY)	88.88%	60.46%	67.82%	72.32%	-18.57%	120.08%
Policy Benefits	12,439	10,963	6,469	3,282	365.51	355.71
Policy Acquisition & Underwriting Costs	5,482	-	-	-	1,119	1,149
Amortization of Goodwill & Intangibles	-1.31	14.36	21.36	19.67	19.08	16.07
Depreciation & Amortization	56.59	136.37	214.17	119.61	95.49	83.74
Selling, General & Administrative	3,227	417.98	324.75	658.92	214.73	318.74
Provision for Bad Debts	3.92	3.92	-2.85	-	-	-
Other Operating Expenses	483.1	495.7	348.22	474.69	380.85	-
Total Operating Expenses	21,474	12,755	8,156	5,143	2,791	2,413
Operating Income	1,627	813.47	299.72	-104.65	133.52	1,178
Other Non Operating Income (Expenses)	1.84	-23.42	110.57	411.37	15.66	-6.91
EBT Excluding Unusual Items	1,687	790.05	410.29	306.72	149.18	1,171
Gain (Loss) on Sale of Assets	-	-	-	0.56	0.01	-
Asset Writedown	1,199	1,199	131.82	21.58	13.04	-
Pretax Income	2,886	1,989	542.1	328.87	162.23	1,171
Income Tax Expense	50.16	47.76	12.04	14.36	10.81	34.65
Earnings From Continuing Ops.	2,836	1,941	530.06	314.51	151.43	1,136
Net Income	2,836	1,941	530.06	314.51	151.43	1,136
Net Income to Common	2,836	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)	0.18	0.12	0.03	0.02	0.01	0.07
EPS (Diluted)	0.18	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	453.15	1,813	266.37	-122.76	-40.04	303.63
Free Cash Flow Per Share	0.03	0.11	0.02	-0.01	-0.00	0.02
Operating Margin	7.04%	6.00%	3.54%	-2.08%	4.57%	32.80%
Profit Margin	12.28%	14.31%	6.27%	6.24%	5.18%	31.64%
Free Cash Flow Margin	1.96%	13.36%	3.15%	-2.44%	-1.37%	8.46%
EBITDA	1,996	1,122	500.41	14.96	229.01	1,261
EBITDA Margin	8.64%	8.27%	5.92%	0.30%	7.83%	35.13%
D&A For EBITDA	368.83	308.85	200.69	119.61	95.49	83.74
EBIT	1,627	813.47	299.72	-104.65	133.52	1,178
EBIT Margin	7.04%	6.00%	3.54%	-2.08%	4.57%	32.80%
Effective Tax Rate	1.74%	2.40%	2.22%	4.37%	6.66%	2.96%
Revenue as Reported	-	-	-	-	2,478	-

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