Universal Insurance Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	5,576	2,347	3,050	2,532	2,325
Total Investments	14,339	10,159	9,188	7,806	7,577
Cash & Equivalents	3,363	3,102	1,137	573.79	197.14
Reinsurance Recoverable	1,819	1,665	970.62	650.69	385.39
Other Receivables	454.62	300.26	152.19	565.65	470.55
Deferred Policy Acquisition Cost	-	-	-	-	153.09
Property, Plant & Equipment	6,786	5,641	4,460	2,639	2,677
Other Intangible Assets	136.52	100.47	69.06	70.16	68.54
Other Current Assets	670.7	486.98	406.84	443.81	52.31
Long-Term Deferred Tax Assets	403.69	403.69	403.69	403.69	403.69
Other Long-Term Assets	335	335	335	335	335
Total Assets	28,307	22,194	17,122	13,487	12,320
Accounts Payable	358.66	786.81	289.02	15.6	28.42
Accrued Expenses	-	-	-	-	69.87
Insurance & Annuity Liabilities	4,361	3,816	2,584	1,488	-
Unpaid Claims	3,802	2,064	1,555	1,142	584.43
Unearned Premiums	-	-	-	-	974.08
Reinsurance Payable	0.67	-	-	-	206.12
Current Income Taxes Payable	102.58	47.76	16.78	21.97	7.64
Long-Term Deferred Tax Liabilities	386.67	386.67	386.67	386.67	386.67
Other Current Liabilities	281.9	115.47	58.83	91.4	19.99
Other Long-Term Liabilities	-0	-	-	-	0
Total Liabilities	9,302	7,225	4,898	3,145	2,318
Common Stock	8,000	8,000	8,000	8,000	8,000
Additional Paid-In Capital	825.02	825.02	825.02	825.02	825.02
Retained Earnings	5,521	1,484	-456.93	-1,013	-1,354
Comprehensive Income & Other	4,660	4,660	3,857	2,531	2,530
Shareholders' Equity	19,005	14,969	12,225	10,342	10,001
Total Liabilities & Equity	28,307	22,194	17,122	13,487	12,320
Filing Date Shares Outstanding	16,000	16,000	16,000	16,000	16,000
Total Common Shares Outstanding	16,000	16,000	16,000	16,000	16,000
Net Cash (Debt)	3,363	3,102	1,137	573.79	197.14
Net Cash Growth	8.40%	172.79%	98.18%	191.06%	-49.78%
Net Cash Per Share	0.21	0.19	0.07	0.04	0.01
Book Value Per Share	1.19	0.94	0.76	0.65	0.63
Tangible Book Value	18,869	14,868	12,156	10,272	9,933
Tangible Book Value Per Share	1.18	0.93	0.76	0.64	0.62
Land	1,561	909.74	258.86	-	258.86
Buildings	5,893	5,261	4,458	-	3,159
Machinery	1,680	1,369	1,369	-	712.7

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.