Veritas Kapital Assurance Plc (NGX:VERITASKAP)
Nigeria · Delayed Price · Currency is NGN 1.850
-0.030 (-1.60%)
At close: Nov 18, 2025
Veritas Kapital Assurance Income Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
Premiums & Annuity Revenue | 10,808 | 9,035 | 4,755 | 2,994 | 2,939 | 2,515 | Upgrade |
Total Interest & Dividend Income | 5,302 | 3,341 | 2,426 | 2,149 | 1,919 | 1,852 | Upgrade |
Gain (Loss) on Sale of Investments | 57.49 | 48.44 | 27.76 | 6.41 | -287.12 | -2.93 | Upgrade |
Other Revenue | -937.6 | 340.09 | 719.29 | 488.77 | 547.25 | 360.84 | Upgrade |
| 15,230 | 12,764 | 7,927 | 5,638 | 5,093 | 4,708 | Upgrade | |
Revenue Growth (YoY) | 14.23% | 61.02% | 40.60% | 10.71% | 8.19% | 23.06% | Upgrade |
Policy Benefits | 2,774 | 9,551 | 3,194 | 1,153 | 1,301 | 910.28 | Upgrade |
Policy Acquisition & Underwriting Costs | 4,483 | 3,852 | 1,779 | 868 | 846.44 | 506.26 | Upgrade |
Amortization of Goodwill & Intangibles | 5 | 5 | - | - | - | - | Upgrade |
Depreciation & Amortization | 388.59 | 361.25 | 275.03 | - | 240.03 | 176.77 | Upgrade |
Selling, General & Administrative | 2,511 | 2,049 | 1,633 | 395.41 | 1,062 | 1,006 | Upgrade |
Provision for Bad Debts | - | - | - | - | - | -6.16 | Upgrade |
Other Operating Expenses | 133.14 | 332.22 | 278.98 | 1,593 | 22.06 | 80.27 | Upgrade |
Total Operating Expenses | 13,609 | 18,410 | 8,521 | 5,027 | 4,783 | 3,897 | Upgrade |
Operating Income | 1,621 | -5,646 | -593.54 | 611.16 | 309.8 | 810.55 | Upgrade |
Interest Expense | - | - | - | -2.13 | - | - | Upgrade |
Currency Exchange Gain (Loss) | -233.33 | 5,087 | 3,502 | 168.4 | 86.03 | 86.93 | Upgrade |
Other Non Operating Income (Expenses) | -107.55 | -80.64 | -17.54 | 3.51 | -57.67 | -53.69 | Upgrade |
EBT Excluding Unusual Items | 1,280 | -639.59 | 2,891 | 780.94 | 338.17 | 843.8 | Upgrade |
Gain (Loss) on Sale of Assets | 3.52 | 15.88 | 96.79 | 24.83 | 6.75 | 0.23 | Upgrade |
Other Unusual Items | - | - | -5.37 | -23.1 | -0.5 | - | Upgrade |
Pretax Income | 1,284 | -623.72 | 2,982 | 782.67 | 344.41 | 844.02 | Upgrade |
Income Tax Expense | 812.48 | 161.69 | 231.99 | 70.24 | -225.95 | -96.62 | Upgrade |
Earnings From Continuing Ops. | 471.43 | -785.4 | 2,750 | 712.43 | 570.36 | 940.65 | Upgrade |
Minority Interest in Earnings | 196.16 | -223.77 | -174.92 | -171.82 | -65.06 | - | Upgrade |
Net Income | 667.59 | -1,009 | 2,575 | 540.61 | 505.3 | 940.65 | Upgrade |
Net Income to Common | 667.59 | -1,009 | 2,575 | 540.61 | 505.3 | 940.65 | Upgrade |
Net Income Growth | -81.31% | - | 376.38% | 6.99% | -46.28% | 409.55% | Upgrade |
Shares Outstanding (Basic) | 13,867 | 13,867 | 13,867 | 13,867 | 13,867 | - | Upgrade |
Shares Outstanding (Diluted) | 13,867 | 13,867 | 13,867 | 13,867 | 13,867 | - | Upgrade |
EPS (Basic) | 0.05 | -0.07 | 0.19 | 0.04 | 0.04 | - | Upgrade |
EPS (Diluted) | 0.05 | -0.07 | 0.19 | 0.04 | 0.04 | - | Upgrade |
EPS Growth | -81.31% | - | 376.38% | 6.99% | - | - | Upgrade |
Free Cash Flow | -810.77 | 8,419 | 4,748 | -2,707 | -515.9 | -497.42 | Upgrade |
Free Cash Flow Per Share | -0.06 | 0.61 | 0.34 | -0.20 | -0.04 | - | Upgrade |
Operating Margin | 10.64% | -44.23% | -7.49% | 10.84% | 6.08% | 17.22% | Upgrade |
Profit Margin | 4.38% | -7.91% | 32.49% | 9.59% | 9.92% | 19.98% | Upgrade |
Free Cash Flow Margin | -5.32% | 65.96% | 59.89% | -48.00% | -10.13% | -10.57% | Upgrade |
EBITDA | 1,794 | -5,390 | -388.49 | 820.13 | 758.12 | 957.71 | Upgrade |
EBITDA Margin | 11.78% | -42.22% | -4.90% | 14.54% | 14.89% | 20.34% | Upgrade |
D&A For EBITDA | 173.05 | 256.5 | 205.06 | 208.97 | 448.32 | 147.16 | Upgrade |
EBIT | 1,621 | -5,646 | -593.54 | 611.16 | 309.8 | 810.55 | Upgrade |
EBIT Margin | 10.64% | -44.23% | -7.49% | 10.84% | 6.08% | 17.22% | Upgrade |
Effective Tax Rate | 63.28% | - | 7.78% | 8.97% | - | - | Upgrade |
Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.