Veritas Kapital Assurance Plc (NGX:VERITASKAP)

Veritas Kapital Assurance Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	10,602	12,452	10,197	7,472	-	3,005
Investments in Equity & Preferred Securities	607.21	607.21	492.06	433.49	-	69.91
Other Investments	-	-	-	-	5,502	300.88
Total Investments	11,438	13,232	10,828	8,019	5,615	3,421
Cash & Equivalents	8,614	7,971	11,193	6,557	4,400	5,882
Reinsurance Recoverable	4,469	3,449	6,001	1,648	970.99	1,116
Other Receivables	1,307	2,972	2,065	1,699	739.98	198.05
Deferred Policy Acquisition Cost	-	-	-	-	-	286.64
Property, Plant & Equipment	6,833	6,288	6,020	5,436	4,557	4,729
Goodwill	316.88	316.88	316.88	316.88	316.88	316.88
Other Intangible Assets	389.71	411.2	551.79	422.75	68.11	102.3
Restricted Cash	1,857	358.82	358.82	363.04	364.24	364.24
Other Current Assets	1,011	285.22	89.08	81.03	84.42	75.9
Long-Term Deferred Tax Assets	-	-	-	60.85	60.85	22.29
Long-Term Deferred Charges	-	83.05	83.05	48.05	44.65	22.25
Other Long-Term Assets	-0	28.35	34.11	28.35	28.35	28.35
Total Assets	36,237	35,397	37,540	24,680	17,250	16,565

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	1,250	1,909	1,163	947.09	505.38	749.01
Insurance & Annuity Liabilities	4,737	6,519	5,250	6,594	3,688	489.16
Unpaid Claims	8,980	5,825	13,553	-	-	2,006
Unearned Premiums	-	-	-	-	-	2,146
Current Income Taxes Payable	139.58	275.05	404.69	187.03	109.06	86.65
Long-Term Deferred Tax Liabilities	481.73	469.73	372.74	184.75	27.46	20.74
Other Current Liabilities	886.01	645.06	370.45	71.83	212.4	101.9
Other Long-Term Liabilities	-0	-	689.61	0	-0	-
Total Liabilities	17,321	16,270	22,255	8,311	4,791	5,762

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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	3,025	4,884	1,422	2,909	449.07	67.45
Comprehensive Income & Other	5,947	4,459	4,250	3,871	2,521	2,450
Total Common Equity	16,569	16,940	13,269	14,377	10,567	10,114
Minority Interest	2,347	2,188	2,017	1,992	1,892	688.78
Shareholders' Equity	18,916	19,127	15,286	16,369	12,459	10,803
Total Liabilities & Equity	36,237	35,397	37,540	24,680	17,250	16,565

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Filing Date Shares Outstanding	13,867	13,867	13,867	13,867	13,867	13,867
Total Common Shares Outstanding	13,867	13,867	13,867	13,867	13,867	13,867
Net Cash (Debt)	8,614	7,971	11,193	6,557	4,400	5,882
Net Cash Growth	-37.57%	-28.78%	70.71%	49.03%	-25.20%	38.95%
Net Cash Per Share	0.62	0.57	0.81	0.47	0.32	0.42
Book Value Per Share	1.19	1.22	0.96	1.04	0.76	0.73
Tangible Book Value	15,862	16,212	12,400	13,638	10,182	9,695
Tangible Book Value Per Share	1.14	1.17	0.89	0.98	0.73	0.70
Land	2,071	2,071	2,028	1,307	1,265	1,228
Buildings	3,709	3,705	3,641	3,847	2,964	3,151
Machinery	2,811	2,280	2,027	1,753	1,475	1,510
Construction In Progress	324.47	157.59	4.95	-	191.38	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 30, 2026

Data Sources Report a data error