Coronation Insurance Plc (NGX:WAPIC)

Coronation Insurance Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	737.22	13,198	9,078	8,115	13,567
Investments in Equity & Preferred Securities	14,409	13,574	10,734	12,829	12,344
Other Investments	28,784	-	-	-	-
Total Investments	43,937	26,937	19,959	21,027	25,991
Cash & Equivalents	16,606	8,159	5,838	7,058	2,409
Reinsurance Recoverable	3,445	4,146	4,089	4,309	3,775
Other Receivables	3,582	1,501	808.88	262.1	456.56
Deferred Policy Acquisition Cost	-	-	-	276.63	410.09
Property, Plant & Equipment	6,528	3,944	3,628	3,539	3,604
Other Intangible Assets	2,946	1,586	839.45	444.89	513.11
Restricted Cash	1,388	1,058	813.04	725.06	695.07
Other Current Assets	-	214.64	145.13	1,304	1,285
Long-Term Deferred Tax Assets	123.34	-	271.34	239.05	438.32
Long-Term Deferred Charges	-	321.91	227.39	470.57	-
Other Long-Term Assets	-	145.8	145.8	145.8	145.8
Total Assets	78,556	48,014	36,765	39,802	39,724
Accounts Payable	-	2,071	947.83	1,132	91.83
Accrued Expenses	-	1,278	1,316	765.29	798.56
Insurance & Annuity Liabilities	13,708	9,154	5,244	819.29	249.89
Unpaid Claims	8,699	5,809	6,846	9,795	7,718
Unearned Premiums	-	548.22	301.77	4,081	3,915
Reinsurance Payable	1,817	1,465	788.99	276.18	197.09
Current Portion of Leases	-	-	-	6.71	23.32
Current Income Taxes Payable	3,211	534.32	385.36	260.04	176
Long-Term Leases	-	-	20.67	16.78	59.84
Long-Term Deferred Tax Liabilities	-	202.61	-	-	-
Other Current Liabilities	-	766.54	330.09	968.54	1,525
Other Long-Term Liabilities	12,355	1,800	1,019	91.69	-
Total Liabilities	39,791	23,627	17,199	18,213	14,755
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	17,341	2,963	1,144	3,227	5,810
Comprehensive Income & Other	4,815	4,815	1,814	1,752	2,550
Shareholders' Equity	38,765	24,386	19,566	21,589	24,969
Total Liabilities & Equity	78,556	48,014	36,765	39,802	39,724
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	-	-	20.67	23.49	83.16
Net Cash (Debt)	16,606	8,159	5,818	7,035	2,326
Net Cash Growth	103.54%	40.24%	-17.30%	202.43%	121.64%
Net Cash Per Share	0.69	0.34	0.24	0.29	0.10
Book Value Per Share	1.62	1.02	0.82	0.90	1.04
Tangible Book Value	35,819	22,800	18,727	21,144	24,456
Tangible Book Value Per Share	1.49	0.95	0.78	0.88	1.02
Land	-	446.47	446.47	446.47	446.47
Buildings	-	2,518	2,518	2,518	2,518
Machinery	-	4,050	3,490	3,024	2,580
Construction In Progress	-	213.2	101.47	124.23	221.35

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