Financial Summary
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FOUR YEAR FINANCIAL SUMMARY        
  2006 2005 2004 2003
  N'000 N'000 N'000 N'000
Assets        
Cash and Short term funds     5,487,956           476,410          175,383              792
Trade and other receivables        346,828           248,276            82,276         23,807
Long term investments        541,830                    -                    -                212
Statutory deposit          20,002             20,002            20,002         10,502
                 -                     -                    -                   -  
Fixed assets 337,403           371,086           319,237              566
Total assets     6,734,019        1,115,774          596,898         35,879
         
Liabilities        
Trade and other payables 212,008           117,117            39,436           5,464
Company income tax          90,449             37,071 4,183                -  
Outstanding claims          29,627             22,661                   -                  -  
Insurance funds 432,999           231,949 42,375              971
Deposit for shares           6,899               6,899               6,899                 -  
Defered tax           4,170                   -                      -                  -  
Total liabilities 776,152           415,697 92,893           6,435
         
Capital and reserve        
Authorised capital     6,000,000           630,000           630,000       100,000
         
Issued and Fully Paid-up      1,450,000           600,000           500,000         45,000
Share premium      4,138,422                    -                      -                  -  
Deposit for share                 -                     -                      -           26,664
Contigency reserve          61,278             22,745               3,531           3,072
General reserve 21,305             77,332                  474         45,292
Revaluation reserve          86,862      
Shareholdrs' funds      5,957,867           700,077           504,005         29,444
Total liabilities and reserve     6,734,019        1,115,774           596,898         35,878
 
Profit and Loss Accounts        
  2006 2005 2004 2003
  N'000 N'000 N'000 N'000
Gross Premium income     1,284,395           632,443 117,689 178,853
         
Profit before taxation         273,583           132,172               8,188 (15729)
         
Taxation (91079) (36099) (4183)                 -  
         
Profit after taxation        182,504             96,073               4,005 (15729)
         
Transfer to contingency reserve (38532)  (19215)   (3531)                 44
Transfer to revenue reserve         143,972             76,858                  474 (15686)
         
Earning per share (adjusted)  28K   16k   1k   (35k) 
Earning per share (basic)  13k   16k   1k   (35k) 
Net assets per share  407K   115k   102k   65k