Universal Insurance Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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 Equity & Preferred Securities	8,157	5,563	2,347	3,050	2,532	2,325
Other Investments	2,788	-	-	-	-	-
Total Investments	14,875	13,732	10,159	9,188	7,806	7,577
Cash & Equivalents	2,075	3,229	3,102	1,137	573.79	197.14
Reinsurance Recoverable	2,504	2,498	1,665	970.62	650.69	385.39
Other Receivables	395.58	202.83	300.26	152.19	565.65	470.55
Deferred Policy Acquisition Cost	-	-	-	-	-	153.09
Property, Plant & Equipment	4,472	7,161	5,641	4,460	2,639	2,677
Other Intangible Assets	196.03	178.83	100.47	69.06	70.16	68.54
Other Current Assets	1,401	1,269	486.98	406.84	443.81	52.31
Long-Term Deferred Tax Assets	403.69	403.69	403.69	403.69	403.69	403.69
Other Long-Term Assets	1,500	335	335	335	335	335
Total Assets	27,823	29,009	22,194	17,122	13,487	12,320
Accounts Payable	429.05	226.03	786.81	289.02	15.6	28.42
Accrued Expenses	-	-	-	-	-	69.87
Insurance & Annuity Liabilities	6,019	4,833	3,816	2,584	1,488	-
Unpaid Claims	4,354	4,868	2,064	1,555	1,142	584.43
Unearned Premiums	-	-	-	-	-	974.08
Reinsurance Payable	-156.46	-	-	-	-	206.12
Current Income Taxes Payable	-	102.02	47.76	16.78	21.97	7.64
Long-Term Deferred Tax Liabilities	296.88	386.67	386.67	386.67	386.67	386.67
Other Current Liabilities	94.49	88.67	115.47	58.83	91.4	19.99
Other Long-Term Liabilities	-0	-0	-	-	-	0
Total Liabilities	11,049	10,513	7,225	4,898	3,145	2,318
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	3,892	3,478	1,484	-456.93	-1,013	-1,354
Comprehensive Income & Other	4,057	6,194	4,660	3,857	2,531	2,530
Shareholders' Equity	16,774	18,496	14,969	12,225	10,342	10,001
Total Liabilities & Equity	27,823	29,009	22,194	17,122	13,487	12,320
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)	2,075	3,229	3,102	1,137	573.79	197.14
Net Cash Growth	-40.97%	4.09%	172.79%	98.18%	191.06%	-49.78%
Net Cash Per Share	0.13	0.20	0.19	0.07	0.04	0.01
Book Value Per Share	1.05	1.16	0.94	0.76	0.65	0.63
Tangible Book Value	16,578	18,317	14,868	12,156	10,272	9,933
Tangible Book Value Per Share	1.04	1.14	0.93	0.76	0.64	0.62
Land	-	909.74	909.74	258.86	-	258.86
Buildings	-	6,795	5,261	4,458	-	3,159
Machinery	-	1,680	1,369	1,369	-	712.7