Veritas Kapital Assurance Plc (NGX: VERITASKAP)
Nigeria
· Delayed Price · Currency is NGN 1.600
0.00 (0.00%)
At close: Oct 14, 2024
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 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2017 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '24 Jun 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2017 |
| Premiums & Annuity Revenue | 7,731 | 4,755 | 2,994 | 2,939 | 2,515 | 1,988 | Upgrade
|
| Total Interest & Dividend Income | 2,756 | 2,426 | 2,149 | 1,919 | 1,852 | 1,533 | Upgrade
|
| Gain (Loss) on Sale of Investments | 1.06 | 27.76 | 6.41 | -287.12 | -2.93 | -17.97 | Upgrade
|
| Other Revenue | 721.06 | 719.29 | 488.77 | 547.25 | 360.84 | 317.41 | Upgrade
|
| Total Revenue | 11,209 | 7,927 | 5,638 | 5,093 | 4,708 | 3,826 | Upgrade
|
| Revenue Growth (YoY) | 116.10% | 40.60% | 10.71% | 8.19% | 23.06% | -0.61% | Upgrade
|
| Policy Benefits | 2,972 | 3,194 | 1,153 | 1,301 | 910.28 | 576.17 | Upgrade
|
| Policy Acquisition & Underwriting Costs | 2,668 | 1,779 | 868 | 846.44 | 506.26 | 473.12 | Upgrade
|
| Depreciation & Amortization | 71.21 | - | - | 240.03 | 176.77 | 206.6 | Upgrade
|
| Selling, General & Administrative | 752.04 | 267.57 | 395.41 | 1,062 | 1,006 | 989.43 | Upgrade
|
| Provision for Bad Debts | - | - | - | - | -6.16 | - | Upgrade
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| Other Operating Expenses | 3,337 | 3,289 | 2,610 | 22.06 | 80.27 | 55.62 | Upgrade
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| Total Operating Expenses | 9,954 | 8,529 | 5,027 | 4,783 | 3,897 | 3,593 | Upgrade
|
| Operating Income | 1,254 | -602.01 | 611.16 | 309.8 | 810.55 | 232.48 | Upgrade
|
| Interest Expense | -3 | -3 | -2.13 | - | - | - | Upgrade
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| Currency Exchange Gain (Loss) | 6,259 | 3,502 | 168.4 | 86.03 | 86.93 | -25.54 | Upgrade
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| Other Non Operating Income (Expenses) | 18.52 | -6.07 | 3.51 | -57.67 | -53.69 | -7.52 | Upgrade
|
| EBT Excluding Unusual Items | 7,529 | 2,891 | 780.94 | 338.17 | 843.8 | 199.42 | Upgrade
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| Impairment of Goodwill | - | - | - | - | - | -69.56 | Upgrade
|
| Gain (Loss) on Sale of Assets | 96.14 | 96.79 | 24.83 | 6.75 | 0.23 | 6.39 | Upgrade
|
| Asset Writedown | - | - | - | - | - | 79.77 | Upgrade
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| Other Unusual Items | 17.68 | -5.37 | -23.1 | -0.5 | - | -1.65 | Upgrade
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| Pretax Income | 7,643 | 2,982 | 782.67 | 344.41 | 844.02 | 214.37 | Upgrade
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| Income Tax Expense | 798.54 | 231.99 | 70.24 | -225.95 | -96.62 | 49.12 | Upgrade
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| Earnings From Continuing Ops. | 6,844 | 2,750 | 712.43 | 570.36 | 940.65 | 165.26 | Upgrade
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| Minority Interest in Earnings | -666.19 | -174.92 | -171.82 | -65.06 | - | 19.35 | Upgrade
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| Net Income | 6,178 | 2,575 | 540.61 | 505.3 | 940.65 | 184.6 | Upgrade
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| Net Income to Common | 6,178 | 2,575 | 540.61 | 505.3 | 940.65 | 184.6 | Upgrade
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| Net Income Growth | 272.19% | 376.38% | 6.99% | -46.28% | 409.55% | - | Upgrade
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| Shares Outstanding (Basic) | 13,867 | 13,867 | 13,867 | 13,867 | - | - | Upgrade
|
| Shares Outstanding (Diluted) | 13,867 | 13,867 | 13,867 | 13,867 | - | - | Upgrade
|
| Shares Change (YoY) | - | - | -0.00% | - | - | - | Upgrade
|
| EPS (Basic) | 0.45 | 0.19 | 0.04 | 0.04 | - | - | Upgrade
|
| EPS (Diluted) | 0.45 | 0.19 | 0.04 | 0.04 | - | - | Upgrade
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| EPS Growth | 272.19% | 376.38% | 6.99% | - | - | - | Upgrade
|
| Free Cash Flow | 2,855 | 635.12 | -2,707 | -515.9 | -497.42 | -1,278 | Upgrade
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| Free Cash Flow Per Share | 0.21 | 0.05 | -0.20 | -0.04 | - | - | Upgrade
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| Operating Margin | 11.19% | -7.59% | 10.84% | 6.08% | 17.22% | 6.08% | Upgrade
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| Profit Margin | 55.12% | 32.49% | 9.59% | 9.92% | 19.98% | 4.83% | Upgrade
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| Free Cash Flow Margin | 25.47% | 8.01% | -48.00% | -10.13% | -10.57% | -33.40% | Upgrade
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| EBITDA | 1,484 | -396.96 | 820.13 | 758.12 | 957.71 | 410.54 | Upgrade
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| EBITDA Margin | 13.24% | -5.01% | 14.55% | 14.89% | 20.34% | 10.73% | Upgrade
|
| D&A For EBITDA | 229.71 | 205.06 | 208.97 | 448.32 | 147.16 | 178.05 | Upgrade
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| EBIT | 1,254 | -602.01 | 611.16 | 309.8 | 810.55 | 232.48 | Upgrade
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| EBIT Margin | 11.19% | -7.59% | 10.84% | 6.08% | 17.22% | 6.08% | Upgrade
|
| Effective Tax Rate | 10.45% | 7.78% | 8.97% | - | - | 22.91% | Upgrade
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Source: S&P Capital IQ. Insurance template. Financial Sources.