Universal Insurance Plc (NGX:UNIVINSURE)

Universal Insurance Balance Sheet

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
Investments in Equity & Preferred Securities	4,660	2,347	3,050	2,532	2,325	2,005
Other Investments	-	-	-	-	-	2,450
Total Investments	12,472	10,159	9,188	7,806	7,577	6,341
Cash & Equivalents	2,725	3,102	1,137	573.79	197.14	392.57
Reinsurance Recoverable	1,942	1,665	970.62	650.69	385.39	440.88
Other Receivables	481.46	300.26	152.19	565.65	470.55	593
Deferred Policy Acquisition Cost	-	-	-	-	153.09	120.44
Property, Plant & Equipment	4,855	5,641	4,460	2,639	2,677	2,670
Other Intangible Assets	166.31	100.47	69.06	70.16	68.54	63.03
Other Current Assets	249.31	486.98	406.84	443.81	52.31	48.02
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	23,630	22,194	17,122	13,487	12,320	11,408
Accounts Payable	-	786.81	289.02	15.6	28.42	-
Accrued Expenses	-	-	-	-	69.87	97.69
Insurance & Annuity Liabilities	4,232	3,816	2,584	1,488	-	-
Unpaid Claims	2,357	2,064	1,555	1,142	584.43	507.36
Unearned Premiums	-	-	-	-	974.08	758.21
Reinsurance Payable	66.98	-	-	-	206.12	199.34
Current Income Taxes Payable	5.02	47.76	16.78	21.97	7.64	28.24
Long-Term Deferred Tax Liabilities	386.67	386.67	386.67	386.67	386.67	296.88
Other Current Liabilities	488.36	115.47	58.83	91.4	19.99	18.9
Other Long-Term Liabilities	-	-	-	-	0	-
Total Liabilities	7,536	7,225	4,898	3,145	2,318	1,919
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	2,610	1,484	-456.93	-1,013	-1,354	-111.12
Comprehensive Income & Other	4,660	4,660	3,857	2,531	2,530	774.79
Shareholders' Equity	16,094	14,969	12,225	10,342	10,001	9,489
Total Liabilities & Equity	23,630	22,194	17,122	13,487	12,320	11,408
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)	2,725	3,102	1,137	573.79	197.14	392.57
Net Cash Growth	47.27%	172.79%	98.18%	191.06%	-49.78%	251.35%
Net Cash Per Share	0.17	0.19	0.07	0.04	0.01	0.02
Book Value Per Share	1.01	0.94	0.76	0.65	0.63	0.59
Tangible Book Value	15,928	14,868	12,156	10,272	9,933	9,426
Tangible Book Value Per Share	1.00	0.93	0.76	0.64	0.62	0.59
Land	-	909.74	258.86	-	258.86	257.5
Buildings	-	5,261	4,458	-	3,159	3,103
Machinery	-	1,369	1,369	-	712.7	559.07

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