Veritas Kapital Assurance Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	12,452	10,197	7,472	-	3,005
Investments in Equity & Preferred Securities	607.21	492.06	433.49	-	69.91
Other Investments	-	-	-	5,502	300.88
Total Investments	13,232	10,828	8,019	5,615	3,421
Cash & Equivalents	7,971	11,193	6,557	4,400	5,882
Reinsurance Recoverable	3,449	6,001	1,648	970.99	1,116
Other Receivables	2,972	2,065	1,699	739.98	198.05
Deferred Policy Acquisition Cost	-	-	-	-	286.64
Property, Plant & Equipment	6,288	6,020	5,436	4,557	4,729
Goodwill	316.88	316.88	316.88	316.88	316.88
Other Intangible Assets	411.2	551.79	422.75	68.11	102.3
Restricted Cash	358.82	358.82	363.04	364.24	364.24
Other Current Assets	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	28.35	34.11	28.35	28.35	28.35
Total Assets	35,397	37,540	24,680	17,250	16,565
Accrued Expenses	1,909	1,163	947.09	505.38	749.01
Insurance & Annuity Liabilities	6,519	5,250	6,594	3,688	489.16
Unpaid Claims	5,825	13,553	-	-	2,006
Unearned Premiums	-	-	-	-	2,146
Current Income Taxes Payable	275.05	404.69	187.03	109.06	86.65
Long-Term Deferred Tax Liabilities	469.73	372.74	184.75	27.46	20.74
Other Current Liabilities	645.06	370.45	71.83	212.4	101.9
Other Long-Term Liabilities	-	689.61	0	-0	-
Total Liabilities	16,270	22,255	8,311	4,791	5,762
Common Stock	6,933	6,933	6,933	6,933	6,933
Additional Paid-In Capital	663.6	663.6	663.6	663.6	663.6
Retained Earnings	4,884	1,422	2,909	449.07	67.45
Comprehensive Income & Other	4,459	4,250	3,871	2,521	2,450
Total Common Equity	16,940	13,269	14,377	10,567	10,114
Minority Interest	2,188	2,017	1,992	1,892	688.78
Shareholders' Equity	19,127	15,286	16,369	12,459	10,803
Total Liabilities & Equity	35,397	37,540	24,680	17,250	16,565
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)	7,971	11,193	6,557	4,400	5,882
Net Cash Growth	-28.78%	70.71%	49.03%	-25.20%	38.95%
Net Cash Per Share	0.57	0.81	0.47	0.32	0.42
Book Value Per Share	1.22	0.96	1.04	0.76	0.73
Tangible Book Value	16,212	12,400	13,638	10,182	9,695
Tangible Book Value Per Share	1.17	0.89	0.98	0.73	0.70
Land	2,071	2,028	1,307	1,265	1,228
Buildings	3,705	3,641	3,847	2,964	3,151
Machinery	2,280	2,027	1,753	1,475	1,510
Construction In Progress	157.59	4.95	-	191.38	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.