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	Jun 30, 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	10,262	10,907	8,123	5,502	300.88	184.99
Total Investments	10,419	11,045	8,237	5,615	3,421	3,910
Cash & Equivalents	13,803	11,193	6,557	4,400	5,882	4,233
Reinsurance Recoverable	6,649	5,842	1,648	970.99	1,116	1,026
Other Receivables	3,721	2,007	1,481	739.98	198.05	246.45
Deferred Policy Acquisition Cost	-	-	-	-	286.64	119.38
Property, Plant & Equipment	5,953	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	485.94	552.53	422.75	68.11	102.3	49.9
Restricted Cash	355	358.82	363.04	364.24	364.24	364.24
Other Current Assets	-	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	48.05	44.65	22.25	-
Other Long-Term Assets	-	34.11	28.35	28.35	28.35	158.03
Total Assets	41,703	37,539	24,680	17,250	16,565	14,222
Accrued Expenses	-	1,160	947.09	505.38	749.01	403.57
Insurance & Annuity Liabilities	14,023	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	285.03	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	-	369.39	71.83	212.4	101.9	108.94
Other Long-Term Liabilities	2,218	689.61	0	-0	-	-
Total Liabilities	22,738	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	4,962	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	16,809	13,484	14,377	10,567	10,114	9,010
Minority Interest	2,156	2,110	1,992	1,892	688.78	494.37
Shareholders' Equity	18,966	15,593	16,369	12,459	10,803	9,504
Total Liabilities & Equity	41,703	37,539	24,680	17,250	16,565	14,222
Filing Date Shares Outstanding	6,589	13,867	13,867	13,867	13,867	-
Total Common Shares Outstanding	6,589	13,867	13,867	13,867	13,867	-
Net Cash (Debt)	13,803	11,193	6,557	4,400	5,882	4,233
Net Cash Growth	35.42%	70.71%	49.03%	-25.20%	38.95%	-2.78%
Net Cash Per Share	2.09	0.81	0.47	0.32	0.42	-
Book Value Per Share	2.55	0.97	1.04	0.76	0.73	-
Tangible Book Value	16,006	12,614	13,638	10,182	9,695	8,643
Tangible Book Value Per Share	2.43	0.91	0.98	0.73	0.70	-
Land	-	-	1,307	1,265	1,228	931.39
Buildings	-	-	3,847	2,964	3,151	2,570
Machinery	-	-	1,753	1,475	1,510	1,412
Construction In Progress	-	-	-	191.38	-	2.36

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