Veritas Kapital Assurance Plc (NGX:VERITASKAP)

Veritas Kapital Assurance 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	-	-	-	3,005	3,377
Investments in Equity & Preferred Securities	-	-	-	-	69.91	58.41
Other Investments	10,143	10,907	8,123	5,502	300.88	184.99
Total Investments	10,296	11,045	8,237	5,615	3,421	3,910
Cash & Equivalents	12,360	11,193	6,557	4,400	5,882	4,233
Reinsurance Recoverable	7,960	5,842	1,648	970.99	1,116	1,026
Other Receivables	4,042	2,007	1,481	739.98	198.05	246.45
Deferred Policy Acquisition Cost	-	-	-	-	286.64	119.38
Property, Plant & Equipment	6,024	6,019	5,436	4,557	4,729	3,791
Goodwill	316.88	316.88	316.88	316.88	316.88	316.88
Other Intangible Assets	516.99	552.53	422.75	68.11	102.3	49.9
Restricted Cash	358.82	358.82	363.04	364.24	364.24	364.24
Other Current Assets	451.21	89.08	81.03	84.42	75.9	-
Long-Term Deferred Tax Assets	-	-	60.85	60.85	22.29	7.32
Long-Term Deferred Charges	83.05	83.05	48.05	44.65	22.25	-
Other Long-Term Assets	33.68	34.11	28.35	28.35	28.35	158.03
Total Assets	42,442	37,539	24,680	17,250	16,565	14,222
Accrued Expenses	1,196	1,160	947.09	505.38	749.01	403.57
Insurance & Annuity Liabilities	21,771	18,803	6,594	3,688	489.16	807.95
Unpaid Claims	-	-	-	-	2,006	1,231
Unearned Premiums	-	-	-	-	2,146	1,625
Current Income Taxes Payable	446.02	191.45	187.03	109.06	86.65	94.46
Long-Term Deferred Tax Liabilities	372.74	282.35	184.75	27.46	20.74	324.76
Other Current Liabilities	1,090	369.39	71.83	212.4	101.9	108.94
Other Long-Term Liabilities	5.85	689.61	0	-0	-	-
Total Liabilities	25,525	21,946	8,311	4,791	5,762	4,718
Common Stock	6,933	6,933	6,933	6,933	6,933	6,933
Additional Paid-In Capital	663.6	663.6	663.6	663.6	663.6	663.6
Retained Earnings	2,988	1,637	2,909	449.07	67.45	-437.85
Comprehensive Income & Other	4,250	4,250	3,871	2,521	2,450	1,851
Total Common Equity	14,835	13,484	14,377	10,567	10,114	9,010
Minority Interest	2,082	2,110	1,992	1,892	688.78	494.37
Shareholders' Equity	16,917	15,593	16,369	12,459	10,803	9,504
Total Liabilities & Equity	42,442	37,539	24,680	17,250	16,565	14,222
Filing Date Shares Outstanding	13,867	13,867	13,867	13,867	13,867	-
Total Common Shares Outstanding	13,867	13,867	13,867	13,867	13,867	-
Net Cash (Debt)	12,360	11,193	6,557	4,400	5,882	4,233
Net Cash Growth	35.25%	70.71%	49.03%	-25.20%	38.95%	-2.78%
Net Cash Per Share	0.89	0.81	0.47	0.32	0.42	-
Book Value Per Share	1.07	0.97	1.04	0.76	0.73	-
Tangible Book Value	14,001	12,614	13,638	10,182	9,695	8,643
Tangible Book Value Per Share	1.01	0.91	0.98	0.73	0.70	-
Land	2,028	-	1,307	1,265	1,228	931.39
Buildings	3,641	-	3,847	2,964	3,151	2,570
Machinery	2,027	-	1,753	1,475	1,510	1,412
Construction In Progress	48.55	-	-	191.38	-	2.36

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.