Coronation Insurance Plc (NGX:WAPIC)

Coronation Insurance Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	-	26,738	13,198	9,078	8,115	13,567
Investments in Equity & Preferred Securities	14,942	16,355	13,574	10,734	12,829	12,344
Total Investments	53,092	43,134	26,937	19,959	21,027	25,991
Cash & Equivalents	17,444	14,886	8,159	5,838	7,058	2,409
Reinsurance Recoverable	12,804	5,917	4,146	4,089	4,309	3,775
Other Receivables	4,641	84.18	1,647	808.88	262.1	456.56
Deferred Policy Acquisition Cost	-	-	-	-	276.63	410.09
Property, Plant & Equipment	7,500	7,563	3,944	3,628	3,539	3,604
Other Intangible Assets	2,926	2,823	1,586	839.45	444.89	513.11
Restricted Cash	500	951.42	1,058	813.04	725.06	695.07
Other Current Assets	995.99	1,057	214.64	145.13	1,304	1,285
Long-Term Deferred Tax Assets	29.42	29.42	-	271.34	239.05	438.32
Long-Term Deferred Charges	-	353.25	321.91	227.39	470.57	-
Other Long-Term Assets	145.81	-	-	145.8	145.8	145.8
Total Assets	100,077	76,798	48,014	36,765	39,802	39,724
Accounts Payable	-	2,058	2,061	947.83	1,132	91.83
Accrued Expenses	5,821	1,267	1,278	1,316	765.29	798.56
Insurance & Annuity Liabilities	30,605	13,392	9,154	5,244	819.29	249.89
Unpaid Claims	12,785	9,051	5,809	6,846	9,795	7,718
Unearned Premiums	-	4,231	548.22	301.77	4,081	3,915
Reinsurance Payable	1.72	4.23	1,475	788.99	276.18	197.09
Current Portion of Leases	-	-	-	-	6.71	23.32
Current Income Taxes Payable	1,143	1,126	534.32	385.36	260.04	176
Long-Term Leases	875.03	756.87	-	20.67	16.78	59.84
Long-Term Deferred Tax Liabilities	837.58	837.58	202.61	-	-	-
Other Current Liabilities	-	4,169	2,185	330.09	968.54	1,525
Other Long-Term Liabilities	8,476	145.52	380.9	1,019	91.69	-
Total Liabilities	60,543	37,039	23,627	17,199	18,213	14,755
Common Stock	11,996	11,996	11,996	11,996	11,996	11,996
Additional Paid-In Capital	4,613	4,613	4,613	4,613	4,613	4,613
Retained Earnings	14,648	14,873	2,963	1,144	3,227	5,810
Comprehensive Income & Other	8,277	8,277	4,815	1,814	1,752	2,550
Shareholders' Equity	39,533	39,759	24,386	19,566	21,589	24,969
Total Liabilities & Equity	100,077	76,798	48,014	36,765	39,802	39,724
Filing Date Shares Outstanding	23,992	23,992	23,992	23,992	23,992	23,992
Total Common Shares Outstanding	23,992	23,992	23,992	23,992	23,992	23,992
Total Debt	875.03	756.87	-	20.67	23.49	83.16
Net Cash (Debt)	16,569	14,129	8,159	5,818	7,035	2,326
Net Cash Growth	-14.91%	73.17%	40.24%	-17.30%	202.43%	121.64%
Net Cash Per Share	0.69	0.59	0.34	0.24	0.29	0.10
Book Value Per Share	1.65	1.66	1.02	0.82	0.90	1.04
Tangible Book Value	36,607	36,936	22,800	18,727	21,144	24,456
Tangible Book Value Per Share	1.53	1.54	0.95	0.78	0.88	1.02
Land	-	1,750	446.47	446.47	446.47	446.47
Buildings	-	3,550	2,518	2,518	2,518	2,518
Machinery	-	5,584	4,050	3,490	3,024	2,580
Construction In Progress	-	44.03	213.2	101.47	124.23	221.35

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