Coronation Insurance 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	9,120	26,738	13,198	9,078	8,115
Investments in Equity & Preferred Securities	17,556	16,355	13,574	10,734	12,829
Other Investments	33,102	-	-	-	-
Total Investments	60,187	43,134	26,937	19,959	21,027
Cash & Equivalents	17,536	14,886	8,159	5,838	7,058
Reinsurance Recoverable	9,163	5,917	4,146	4,089	4,309
Other Receivables	4,666	84.18	1,647	808.88	262.1
Deferred Policy Acquisition Cost	-	-	-	-	276.63
Property, Plant & Equipment	7,310	7,563	3,944	3,628	3,539
Other Intangible Assets	2,652	2,823	1,586	839.45	444.89
Restricted Cash	500	951.42	1,058	813.04	725.06
Other Current Assets	623.02	1,057	214.64	145.13	1,304
Long-Term Deferred Tax Assets	29.42	29.42	-	271.34	239.05
Long-Term Deferred Charges	-	353.25	321.91	227.39	470.57
Other Long-Term Assets	145.81	-	-	145.8	145.8
Total Assets	102,811	76,798	48,014	36,765	39,802
Accounts Payable	-	2,058	2,061	947.83	1,132
Accrued Expenses	2,931	1,267	1,278	1,316	765.29
Insurance & Annuity Liabilities	26,486	13,392	9,154	5,244	819.29
Unpaid Claims	10,381	9,051	5,809	6,846	9,795
Unearned Premiums	-	4,231	548.22	301.77	4,081
Reinsurance Payable	13.21	4.23	1,475	788.99	276.18
Current Portion of Leases	-	-	-	-	6.71
Current Income Taxes Payable	2,501	1,126	534.32	385.36	260.04
Long-Term Leases	-	756.87	-	20.67	16.78
Long-Term Deferred Tax Liabilities	837.58	837.58	202.61	-	-
Other Current Liabilities	299.42	4,169	2,185	330.09	968.54
Other Long-Term Liabilities	11,375	145.52	380.9	1,019	91.69
Total Liabilities	54,824	37,039	23,627	17,199	18,213
Common Stock	11,996	11,996	11,996	11,996	11,996
Additional Paid-In Capital	4,613	4,613	4,613	4,613	4,613
Retained Earnings	21,990	14,873	2,963	1,144	3,227
Comprehensive Income & Other	9,389	8,277	4,815	1,814	1,752
Shareholders' Equity	47,987	39,759	24,386	19,566	21,589
Total Liabilities & Equity	102,811	76,798	48,014	36,765	39,802
Filing Date Shares Outstanding	23,992	23,992	23,992	23,992	23,992
Total Common Shares Outstanding	23,992	23,992	23,992	23,992	23,992
Total Debt	-	756.87	-	20.67	23.49
Net Cash (Debt)	17,536	14,129	8,159	5,818	7,035
Net Cash Growth	24.11%	73.17%	40.24%	-17.30%	202.43%
Net Cash Per Share	0.73	0.59	0.34	0.24	0.29
Book Value Per Share	2.00	1.66	1.02	0.82	0.90
Tangible Book Value	45,336	36,936	22,800	18,727	21,144
Tangible Book Value Per Share	1.89	1.54	0.95	0.78	0.88
Land	-	1,750	446.47	446.47	446.47
Buildings	-	3,550	2,518	2,518	2,518
Machinery	-	5,584	4,050	3,490	3,024
Construction In Progress	-	44.03	213.2	101.47	124.23

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.