ASSETS

NOTES

2021

N'000

2020

N'000

Cash and Cash Equivalents

6

737,626

378,939

Financial Assets

7

1,661,626

1,746,775

Trade Receivables

8

275,537

295,834

Reinsurance Assets

9

1,368,146

1,468,007

Deferred Acquisition Cost

10

443,369

140,139

Other Receivables and Prepayments

11

235,553

336,695

Investment Properties

12

1,430,000

1,270,000

Property, Plant and Equipment

13

724,595

717,350

Statutory Deposit

14

300,150

300,150

Total Assets

7,176,602

6,653,889

LIABILITIES

Insurance Contract Liabilities

15

1,135,636

1,154,945

Trade Payables

16

31,163

56,615

Provisions and Other Payables

17

210,732

133,879

Retirement Benefit Obligations

18.2

227,048

206,270

Current Income Tax Liabilities

19.2

79,414

30,003

Deferred Tax Liabilit ies

19.3

86,738

88,309

Total Liabilities

1,770,731

1,670,021

Net Assets

5,405,871

4,983,869

Paid-up Share Capital

20

4,064,351

4,064,351

Share Premium

20

70,393

70,393

Statutory Contigcncy Reserve

21

1,450,684

1,310,374

Retained Earnings

22

(416,068)

(653,128)

Other Reserves

23.1

(47,093)

(58,031)

Fair- value Reserves

23.2

25,663

45,491

Revaluation Reserve

23.3

257,941

204,419

Total Equity

5,405,871

4,983,869

Total Liabilities and Equity

7,176,602

6,653,889