Coronation Insurance Plc (NGX: WAPIC)

Coronation Insurance Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	1,433	13,198	9,078	8,115	13,567	8,278
Investments in Equity & Preferred Securities	13,242	13,574	10,734	12,829	12,344	10,545
Total Investments	38,796	26,937	19,959	21,027	25,991	19,078
Cash & Equivalents	17,329	8,159	5,838	7,058	2,409	1,152
Reinsurance Recoverable	5,391	4,146	4,089	4,309	3,775	853.28
Other Receivables	4,583	1,501	808.88	262.1	456.56	239.49
Deferred Policy Acquisition Cost	-	-	-	276.63	410.09	664.03
Property, Plant & Equipment	4,408	3,944	3,628	3,539	3,604	3,621
Other Intangible Assets	2,339	1,586	839.45	444.89	513.11	509.09
Restricted Cash	1,367	1,058	813.04	725.06	695.07	636.42
Other Current Assets	-	214.64	145.13	1,304	1,285	290.44
Long-Term Deferred Tax Assets	123.34	-	271.34	239.05	438.32	305.99
Long-Term Deferred Charges	-	321.91	227.39	470.57	-	2,626
Other Long-Term Assets	-0	145.8	145.8	145.8	145.8	769.31
Total Assets	74,336	48,014	36,765	39,802	39,724	30,746
Accounts Payable	-	2,071	947.83	1,132	91.83	230.5
Accrued Expenses	-	1,278	1,316	765.29	798.56	930.65
Insurance & Annuity Liabilities	15,139	9,154	5,244	819.29	249.89	278.02
Unpaid Claims	9,607	5,809	6,846	9,795	7,718	4,381
Unearned Premiums	-	548.22	301.77	4,081	3,915	4,472
Reinsurance Payable	575.56	1,465	788.99	276.18	197.09	46.36
Current Portion of Leases	-	-	-	6.71	23.32	10.14
Current Income Taxes Payable	2,092	534.32	385.36	260.04	176	192.06
Long-Term Leases	-	-	20.67	16.78	59.84	92.82
Long-Term Deferred Tax Liabilities	-	202.61	-	-	-	-
Other Current Liabilities	-	766.54	330.09	968.54	1,525	1,592
Other Long-Term Liabilities	10,797	1,800	1,019	91.69	-	-
Total Liabilities	38,210	23,627	17,199	18,213	14,755	12,226
Common Stock	11,996	11,996	11,996	11,996	11,996	6,691
Additional Paid-In Capital	4,613	4,613	4,613	4,613	4,613	6,195
Retained Earnings	14,592	2,963	1,144	3,227	5,810	4,630
Comprehensive Income & Other	4,925	4,815	1,814	1,752	2,550	1,003
Shareholders' Equity	36,126	24,386	19,566	21,589	24,969	18,520
Total Liabilities & Equity	74,336	48,014	36,765	39,802	39,724	30,746
Filing Date Shares Outstanding	23,992	23,992	23,992	23,992	23,992	13,383
Total Common Shares Outstanding	23,992	23,992	23,992	23,992	23,992	13,383
Total Debt	-	-	20.67	23.49	83.16	102.97
Net Cash (Debt)	17,329	8,159	5,818	7,035	2,326	1,050
Net Cash Growth	112.41%	40.24%	-17.31%	202.43%	121.64%	-63.66%
Net Cash Per Share	0.72	0.34	0.24	0.29	0.10	0.08
Book Value Per Share	1.51	1.02	0.82	0.90	1.04	1.38
Tangible Book Value	33,787	22,800	18,727	21,144	24,456	18,011
Tangible Book Value Per Share	1.41	0.95	0.78	0.88	1.02	1.35
Land	-	446.47	446.47	446.47	446.47	446.47
Buildings	-	2,518	2,518	2,518	2,518	2,518
Machinery	-	4,050	3,490	3,024	2,580	2,354
Construction In Progress	-	213.2	101.47	124.23	221.35	1.1

Source: S&P Capital IQ. Insurance template. Financial Sources.