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 37,403            71,086            19,237                 66
Total assets     6,734,019         1,115,774          596,898           35,879
         
Liabilities        
Trade and other payables 12,008           117,117            39,436            5,464
Company income tax          90,449              7,071 4,183                 -  
Outstanding claims          29,627             22,661                   -                   -  
Insurance funds 32,999           231,949 42,375               971
Deposit for shares           6,899               6,899               6,899                 -  
Defered tax           4,170                   -                      -                   -  
Total liabilities 76,152           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         73,583            632,443                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         43,972             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