Universal Insurance Plc (NGX: UNIVINSURE)

Universal Insurance 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 Equity & Preferred Securities	2,243	3,050	2,532	2,325	2,005	717.81
Other Investments	2,826	-	-	-	2,450	2,450
Total Investments	7,477	9,188	7,806	7,577	6,341	5,666
Cash & Equivalents	1,850	1,137	573.79	197.14	392.57	111.73
Reinsurance Recoverable	970.62	970.62	650.69	385.39	440.88	440.88
Other Receivables	1,095	168.96	565.65	470.55	593	183.48
Deferred Policy Acquisition Cost	941.67	-	-	153.09	120.44	89.17
Property, Plant & Equipment	4,456	4,460	2,639	2,677	2,670	2,730
Other Intangible Assets	294.22	69.06	70.16	68.54	63.03	55.24
Other Current Assets	319.64	390.07	443.81	52.31	48.02	12.47
Long-Term Deferred Tax Assets	403.69	403.69	403.69	403.69	403.69	403.69
Other Long-Term Assets	335	335	335	335	335	335
Total Assets	18,143	17,122	13,487	12,320	11,408	10,027
Accounts Payable	-	767.55	15.6	28.42	-	-
Accrued Expenses	-	-	-	69.87	97.69	78.9
Insurance & Annuity Liabilities	-	2,584	1,488	-	-	-
Unpaid Claims	-106.07	1,555	1,142	584.43	507.36	548.19
Unearned Premiums	4,981	-	-	974.08	758.21	613.15
Reinsurance Payable	111.75	-	-	206.12	199.34	93.46
Current Income Taxes Payable	1.42	16.78	21.97	7.64	28.24	18.9
Long-Term Deferred Tax Liabilities	296.88	386.67	386.67	386.67	296.88	296.88
Other Current Liabilities	480.09	58.83	91.4	19.99	18.9	18.9
Other Long-Term Liabilities	0	-478.53	-	0	-	0
Total Liabilities	5,812	4,898	3,145	2,318	1,919	1,675
Common Stock	8,000	8,000	8,000	8,000	8,000	8,000
Additional Paid-In Capital	825.02	825.02	825.02	825.02	825.02	825.02
Retained Earnings	2,731	-456.93	-1,013	-1,354	-111.12	-1,247
Comprehensive Income & Other	774.79	3,857	2,531	2,530	774.79	774.79
Shareholders' Equity	12,331	12,225	10,342	10,001	9,489	8,353
Total Liabilities & Equity	18,143	17,122	13,487	12,320	11,408	10,027
Filing Date Shares Outstanding	16,000	16,000	16,000	16,000	16,000	16,000
Total Common Shares Outstanding	16,000	16,000	16,000	16,000	16,000	16,000
Net Cash (Debt)	1,850	1,137	573.79	197.14	392.57	111.73
Net Cash Growth	41.02%	98.18%	191.06%	-49.78%	251.35%	-73.46%
Net Cash Per Share	0.12	0.07	0.04	0.01	0.02	0.01
Book Value Per Share	0.77	0.76	0.65	0.63	0.59	0.52
Tangible Book Value	12,036	12,156	10,272	9,933	9,426	8,297
Tangible Book Value Per Share	0.75	0.76	0.64	0.62	0.59	0.52
Land	264.81	258.86	-	258.86	257.5	257.5
Buildings	4,754	4,458	-	3,159	3,103	3,103
Machinery	1,297	1,369	-	712.7	559.07	535.42

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