Veritas Kapital Assurance Plc (NGX:VERITASKAP)
Nigeria
· Delayed Price · Currency is NGN 2.270
-0.020 (-0.87%)
At close: Mar 5, 2026
Veritas Kapital Assurance Income Statement
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 | 2020 - 2016 |
|---|---|---|---|---|---|---|
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 | 2020 - 2016 |
| Premiums & Annuity Revenue | 12,202 | 9,035 | 4,755 | 2,994 | 2,939 | Upgrade
|
| Total Interest & Dividend Income | 3,994 | 3,341 | 2,426 | 2,149 | 1,919 | Upgrade
|
| Gain (Loss) on Sale of Investments | 51 | 48.44 | 27.76 | 6.41 | -287.12 | Upgrade
|
| Other Revenue | 716.16 | 340.09 | 719.29 | 488.77 | 547.25 | Upgrade
|
| Total Revenue | 16,964 | 12,764 | 7,927 | 5,638 | 5,093 | Upgrade
|
| Revenue Growth (YoY) | 32.90% | 61.02% | 40.60% | 10.71% | 8.19% | Upgrade
|
| Policy Benefits | -354.64 | 9,551 | 3,194 | 1,153 | 1,301 | Upgrade
|
| Policy Acquisition & Underwriting Costs | 3,644 | 3,852 | 1,779 | 868 | 846.44 | Upgrade
|
| Amortization of Goodwill & Intangibles | - | 5 | - | - | - | Upgrade
|
| Depreciation & Amortization | 386.75 | 361.25 | 275.03 | - | 240.03 | Upgrade
|
| Selling, General & Administrative | 2,792 | 2,049 | 1,633 | 395.41 | 1,062 | Upgrade
|
| Other Operating Expenses | 245.13 | 332.22 | 278.98 | 1,593 | 22.06 | Upgrade
|
| Total Operating Expenses | 9,683 | 18,410 | 8,521 | 5,027 | 4,783 | Upgrade
|
| Operating Income | 7,281 | -5,646 | -593.54 | 611.16 | 309.8 | Upgrade
|
| Interest Expense | - | - | - | -2.13 | - | Upgrade
|
| Currency Exchange Gain (Loss) | -596.49 | 5,087 | 3,502 | 168.4 | 86.03 | Upgrade
|
| Other Non Operating Income (Expenses) | -35.31 | -80.64 | -17.54 | 3.51 | -57.67 | Upgrade
|
| EBT Excluding Unusual Items | 6,649 | -639.59 | 2,891 | 780.94 | 338.17 | Upgrade
|
| Gain (Loss) on Sale of Assets | 0.67 | 15.88 | 96.79 | 24.83 | 6.75 | Upgrade
|
| Other Unusual Items | -22.87 | - | -5.37 | -23.1 | -0.5 | Upgrade
|
| Pretax Income | 6,627 | -623.72 | 2,982 | 782.67 | 344.41 | Upgrade
|
| Income Tax Expense | 167.16 | 161.69 | 231.99 | 70.24 | -225.95 | Upgrade
|
| Earnings From Continuing Ops. | 6,459 | -785.4 | 2,750 | 712.43 | 570.36 | Upgrade
|
| Minority Interest in Earnings | -291.24 | -223.77 | -174.92 | -171.82 | -65.06 | Upgrade
|
| Net Income | 6,168 | -1,009 | 2,575 | 540.61 | 505.3 | Upgrade
|
| Net Income to Common | 6,168 | -1,009 | 2,575 | 540.61 | 505.3 | Upgrade
|
| Net Income Growth | - | - | 376.38% | 6.99% | -46.28% | Upgrade
|
| Shares Outstanding (Basic) | 13,867 | 13,867 | 13,867 | 13,867 | 13,867 | Upgrade
|
| Shares Outstanding (Diluted) | 13,867 | 13,867 | 13,867 | 13,867 | 13,867 | Upgrade
|
| EPS (Basic) | 0.44 | -0.07 | 0.19 | 0.04 | 0.04 | Upgrade
|
| EPS (Diluted) | 0.44 | -0.07 | 0.19 | 0.04 | 0.04 | Upgrade
|
| EPS Growth | - | - | 376.38% | 6.99% | - | Upgrade
|
| Free Cash Flow | -5,634 | 8,419 | 4,748 | -2,707 | -515.9 | Upgrade
|
| Free Cash Flow Per Share | -0.41 | 0.61 | 0.34 | -0.20 | -0.04 | Upgrade
|
| Operating Margin | 42.92% | -44.23% | -7.49% | 10.84% | 6.08% | Upgrade
|
| Profit Margin | 36.36% | -7.91% | 32.49% | 9.59% | 9.92% | Upgrade
|
| Free Cash Flow Margin | -33.21% | 65.96% | 59.89% | -48.00% | -10.13% | Upgrade
|
| EBITDA | 7,547 | -5,390 | -388.49 | 820.13 | 758.12 | Upgrade
|
| EBITDA Margin | 44.49% | -42.22% | -4.90% | 14.54% | 14.89% | Upgrade
|
| D&A For EBITDA | 266.31 | 256.5 | 205.06 | 208.97 | 448.32 | Upgrade
|
| EBIT | 7,281 | -5,646 | -593.54 | 611.16 | 309.8 | Upgrade
|
| EBIT Margin | 42.92% | -44.23% | -7.49% | 10.84% | 6.08% | Upgrade
|
| Effective Tax Rate | 2.52% | - | 7.78% | 8.97% | - | Upgrade
|
Source: S&P Capital IQ. Insurance template. Financial Sources.