Sovereign Trust Insurance Ratios and Metrics

Market cap in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Apr '26 Apr 28, 2026	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	2020 - 2016
Market Capitalization	27,318	54,351	15,936	4,773	3,182	3,409	Upgrade
Market Cap Growth	92.00%	241.07%	233.86%	50.00%	-6.67%	50.00%	Upgrade
Enterprise Value	21,153	54,204	12,892	1,200	-275	114	Upgrade
PE Ratio	41.20	81.98	6.81	3.68	2.30	3.50	Upgrade
PS Ratio	0.57	1.14	0.39	0.24	0.20	0.40	Upgrade
PB Ratio	1.73	3.43	1.01	0.35	0.31	0.36	Upgrade
P/FCF Ratio	-	-	7.10	12.70	2.18	2.04	Upgrade
P/OCF Ratio	-	-	5.60	8.30	2.05	1.98	Upgrade
EV/Sales Ratio	0.44	1.13	0.31	0.06	-	0.01	Upgrade
EV/EBITDA Ratio	14.67	46.69	3.42	0.76	-	0.09	Upgrade
EV/EBIT Ratio	23.54	60.32	3.66	0.82	-	0.10	Upgrade
EV/FCF Ratio	-8.89	-	5.74	3.19	-	0.07	Upgrade
Debt / Equity Ratio	0.34	0.34	0.33	0.27	0.20	0.18	Upgrade
Debt / EBITDA Ratio	3.72	3.72	1.33	2.24	1.20	1.30	Upgrade
Debt / FCF Ratio	-	-	2.32	9.80	1.44	1.04	Upgrade
Net Debt / Equity Ratio	-0.40	-0.40	-0.50	-0.54	-0.63	-0.65	Upgrade
Net Debt / EBITDA Ratio	-5.45	-5.45	-2.11	-4.61	-3.81	-4.74	Upgrade
Net Debt / FCF Ratio	2.66	2.66	-3.54	-19.44	-4.51	-3.75	Upgrade
Quick Ratio	2.40	2.40	2.47	2.72	2.33	1.50	Upgrade
Current Ratio	3.03	3.03	2.92	3.29	2.95	1.90	Upgrade
Asset Turnover	1.69	1.69	1.61	1.00	0.95	0.55	Upgrade
Return on Equity (ROE)	4.41%	4.41%	16.00%	10.80%	13.85%	10.69%	Upgrade
Return on Assets (ROA)	1.98%	1.98%	8.63%	4.56%	6.12%	4.54%	Upgrade
Return on Invested Capital (ROIC)	3.52%	3.38%	16.36%	8.81%	13.18%	10.66%	Upgrade
Earnings Yield	2.43%	1.22%	14.69%	27.20%	43.58%	28.59%	Upgrade
FCF Yield	-8.71%	-4.38%	14.09%	7.88%	45.82%	48.92%	Upgrade
Dividend Yield	2.58%	-	4.54%	7.61%	-	-	Upgrade
Payout Ratio	107.30%	107.30%	18.24%	-	-	-	Upgrade
Buyback Yield / Dilution	13.11%	-	-	-65.58%	-	24.39%	Upgrade
Total Shareholder Return	15.69%	-	4.54%	-57.98%	-	24.39%	Upgrade

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