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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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	26,243	-	-	-	5,502	300.88
Total Investments	26,707	13,232	10,828	8,019	5,615	3,421
Cash & Equivalents	10,170	7,971	11,193	6,557	4,400	5,882
Reinsurance Recoverable	4,700	3,449	6,001	1,648	970.99	1,116
Other Receivables	3,613	2,972	2,065	1,699	739.98	198.05
Deferred Policy Acquisition Cost	-	-	-	-	-	286.64
Property, Plant & Equipment	6,838	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	358.73	411.2	551.79	422.75	68.11	102.3
Restricted Cash	1,855	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	54,559	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accrued Expenses	-	1,909	1,163	947.09	505.38	749.01
Insurance & Annuity Liabilities	16,114	6,519	5,250	6,594	3,688	489.16
Unpaid Claims	-	5,825	13,553	-	-	2,006
Unearned Premiums	40.59	-	-	-	-	2,146
Current Income Taxes Payable	192.29	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	-	645.06	370.45	71.83	212.4	101.9
Other Long-Term Liabilities	4,733	-	689.61	0	-0	-
Total Liabilities	23,969	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	14,433	6,933	6,933	6,933	6,933	6,933
Additional Paid-In Capital	8,164	663.6	663.6	663.6	663.6	663.6
Retained Earnings	1,041	4,884	1,422	2,909	449.07	67.45
Comprehensive Income & Other	4,447	4,459	4,250	3,871	2,521	2,450
Total Common Equity	28,085	16,940	13,269	14,377	10,567	10,114
Minority Interest	2,504	2,188	2,017	1,992	1,892	688.78
Shareholders' Equity	30,589	19,127	15,286	16,369	12,459	10,803
Total Liabilities & Equity	54,559	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	Sep 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
Total Common Shares Outstanding	-	13,867	13,867	13,867	13,867	13,867
Net Cash (Debt)	10,170	7,971	11,193	6,557	4,400	5,882
Net Cash Growth	14.04%	-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	27,410	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	-

Data Source: S&P Global Market Intelligence Last updated: Sep 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:

Oct 31, 2026

Data Sources Report a data error