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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (16 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

International Energy Insurance

INTENEGINS · Nigerian Exchange · Company statements

On this page
Company details
Legal name
International Energy Insurance Plc
Listing
INTENEGINS on the Nigerian Exchange, active · ISIN NGINTENEGIN5 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · audited financial statements, signed / final · source

  • Insurance revenue (IFRS 17)

    NGN 4.69 billion

    4,686,019 NGN thousands · p33

    −16.7% vs 2024

    IFRS 17 insurance revenue, as printed: not gross written premiums.

  • Insurance service result

    NGN 1.91 billion

    1,911,123 NGN thousands · p33

    −44.1% vs 2024

  • Profit / (loss) for the year

    NGN 869 million

    868,667 NGN thousands · p33

    −70.6% vs 2024

  • Total assets

    NGN 15.5 billion

    15,457,961 NGN thousands · p35

    −8.3% vs 2024

  • Insurance contract liabilities

    NGN 1.33 billion

    1,330,864 NGN thousands · p35

    −43.8% vs 2024

  • Total equity

    NGN 9.24 billion

    9,241,275 NGN thousands · p35

    Change not shown.

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the prior-year figure is zero or negative.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — audited financial statements, signed / final; reported for the year · source
  • FY2024 — audited financial statements, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Insurance revenue 4,686,019 5,625,358
Insurance service expense (2,242,243) (1,875,778)
Net expenses from reinsurance contracts held (532,653) (332,610)
Insurance service result 1,911,123 3,416,971
Investment income1 776,261 429,460
Net gains on FVTPL investments 90,321 56,440
Net gains on investment property2 248,535 1,957,849
Net foreign exchange income/(expense) (3,252) 27,231
Net investment income 1,111,865 2,470,979
Finance expenses from insurance contracts issued (24,544) (132,063)
Finance income from reinsurance contracts held3 6,788 96,850
Net insurance finance expenses (17,756) (35,213)
Net insurance and investment result 3,005,231 5,852,737
Other income4 255,509 60,358
Credit loss reversal/(expense) (78,719) 117
Other finance cost (366,092) (616,402)
Operating expenses (1,791,744) (2,657,340)
Profit on disposal of associate company5 –6 523,478
Profit before income tax 1,024,186 3,162,948
Income tax expense (155,519) (208,590)
Profit for the year 868,667 2,954,358
Net gains on investments in debt securities measured at FVOCI7 –8 –8
Change in Fair value on equity instrument designated at fair value through other comprehensive income9 (118,271) 219,874
Other comprehensive income, net of tax (118,271) 219,874
Total comprehensive income for the year 750,396 3,174,232
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (7)
  1. “Investment income” is an issuer-specific line, not mapped to a shared definition: Interest and dividend income on investments (note 9).
  2. “Net gains on investment property” is an issuer-specific line, not mapped to a shared definition: Fair value and disposal gains on investment property (note 10.4).
  3. “Finance income from reinsurance contracts held” is an issuer-specific line, not mapped to a shared definition: Insurance finance income on reinsurance (note 22.1).
  4. “Other income” is an issuer-specific line, not mapped to a shared definition: Other income (note 11), below the net insurance and investment result.
  5. “Profit on disposal of associate company” is an issuer-specific line, not mapped to a shared definition: Gain on disposal of the associate (note 16), 2024 only.
  6. “Net gains on investments in debt securities measured at FVOCI” is an issuer-specific line, not mapped to a shared definition: OCI item that may be reclassified.
  7. “Change in Fair value on equity instrument designated at fair value through other comprehensive income” is an issuer-specific line, not mapped to a shared definition: OCI item (note 18).

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Cash and cash equivalents 7,359,813 5,321,370
Fair value through profit or loss 298,886 208,565
Fair value through other comprehensive 600,602 718,873
At Amortised cost 72,517 118,701
Premium receivable1 26,095 19,978
Reinsurance contract assets 169,858 273,692
Other receivables and prepayments 342,251 280,714
Investment properties 5,220,000 8,275,056
Intangible assets 317,073 227,822
Property and equipment 728,367 1,087,477
Statutory deposit2 322,500 322,500
Total assets 15,457,961 16,854,747
Insurance contract liabilities 1,330,864 2,367,897
Other Technical liabilities3 7,046 215,538
Provisions and other payables 1,556,670 2,760,812
Current income tax liabilities 544,006 337,026
Deferred tax liabilities –4 206,209
Lease obligations5 –4 9,004
Borrowings 2,778,099 16,494,183
Deposit for shares6 –4 2,066,039
Total liabilities 6,216,685 24,456,708
Share capital 1,267,043 642,043
Share premium 2,338,097 963,097
Irredeemable Deposit for Share7 14,092,841 Not reported in this filing8
Statutory contingency reserve9 3,510,053 3,336,320
Capital reserve10 –11 7,926,399
Property revaluation reserve 1,206,428 1,206,428
Fair value reserve 520,291 638,562
Retained earnings/(Accumulated losses) (13,693,478) (22,314,810)
Total equity of the Company 9,241,275 (7,601,961)
Total liabilities and equity 15,457,961 16,854,747
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_equity.
Notes and alternative reported figures (9)
  1. “Premium receivable” is an issuer-specific line, not mapped to a shared definition: Premium receivable (note 21).
  2. “Statutory deposit” is an issuer-specific line, not mapped to a shared definition: Statutory deposit with the Central Bank of Nigeria (note 27).
  3. “Other Technical liabilities” is an issuer-specific line, not mapped to a shared definition: Other technical liabilities (note 29).
  4. “Lease obligations” is an issuer-specific line, not mapped to a shared definition: Lease liabilities (note 33), not split current/non-current.
  5. “Deposit for shares” is an issuer-specific line, not mapped to a shared definition: Deposit for shares held as a liability (note 35).
  6. “Irredeemable Deposit for Share” is an issuer-specific line, not mapped to a shared definition: Irredeemable deposit for shares held in equity (note 36.3).
  7. Not reported in this filing: Not printed for 2024: the line 'Irredeemable Deposit for Share' carries a 2025 amount (14,092,841) only; the 2024 column is left blank (p35, checked on the page image).
  8. “Statutory contingency reserve” is an issuer-specific line, not mapped to a shared definition: Statutory contingency reserve (note 37).
  9. “Capital reserve” is an issuer-specific line, not mapped to a shared definition: Capital reserve (note 38).

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Premium received from policy holders1 3,541,701 4,322,871
Reinsurance premium paid2 (790,711) (640,332)
Fees and Commission received3 225,462 130,734
Commission paid and other underwriting expenses4 (638,082) (1,461,330)
Other directly attributable expenses paid5 (761,572) (1,138,564)
Gross Insurance benefits and Claims paid to customers6 (759,856) (628,479)
Claims recovered from re-insurers7 12,003 253,839
Cash paid to and on behalf of Employees8 (1,086,905) (805,329)
Other operating cashoutflow9 (2,003,524) (460,070)
Cash used in operating activities (2,261,485) (426,659)
Income tax paid (154,748) (153,261)
Net cash used in operating activities (2,416,233) (579,920)
Purchase of property, plant and equipment (339,708) (397,616)
Proceeds from disposal of property, plant and equipment 24,459 17,920
Proceeds from disposal of investment property10 4,000,000 –11
Proceeds from sale of associate company12 –11 1,400,000
Redemption of Commercial paper13 57,304 –11
Proceed from disposal of placements14 –11 3,914,823
Purchase of investment properties15 (9,550) (16,701)
Purchase of Intangible assets (94,470) (194,697)
Dividend received16 3,526 13,945
Other income received17 52,635 42,440
Interest received 772,735 415,515
Purchase of financial asset18 –11 (688,388)
Cash provided by investing activities 4,466,932 4,507,241
Payment of lease liabilities (6,941) (22,006)
Interest paid (2,063) (12,379)
Withdrawal/Repayment of deposit for shares19 –20 (3,000,000)
Cash used in financing activities (9,004) (3,034,385)
Net decrease in cash and cash equivalents 2,041,695 892,935
Cash and cash equivalents at beginning of the year 5,321,370 4,401,204
Effect of foreign exchange differences (3,252) 27,231
Cash and cash equivalents at end of the year 7,359,813 5,321,370
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (18)
  1. “Premium received from policy holders” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  2. “Reinsurance premium paid” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  3. “Fees and Commission received” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  4. “Commission paid and other underwriting expenses” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  5. “Other directly attributable expenses paid” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  6. “Gross Insurance benefits and Claims paid to customers” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  7. “Claims recovered from re-insurers” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  8. “Cash paid to and on behalf of Employees” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  9. “Other operating cashoutflow” is an issuer-specific line, not mapped to a shared definition: Direct method, operating.
  10. “Proceeds from disposal of investment property” is an issuer-specific line, not mapped to a shared definition: Investing.
  11. “Proceeds from sale of associate company” is an issuer-specific line, not mapped to a shared definition: Investing.
  12. “Redemption of Commercial paper” is an issuer-specific line, not mapped to a shared definition: Investing.
  13. “Proceed from disposal of placements” is an issuer-specific line, not mapped to a shared definition: Investing.
  14. “Purchase of investment properties” is an issuer-specific line, not mapped to a shared definition: Investing.
  15. “Dividend received” is an issuer-specific line, not mapped to a shared definition: Investing.
  16. “Other income received” is an issuer-specific line, not mapped to a shared definition: Investing.
  17. “Purchase of financial asset” is an issuer-specific line, not mapped to a shared definition: Investing.
  18. “Withdrawal/Repayment of deposit for shares” is an issuer-specific line, not mapped to a shared definition: Financing.

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (signed / final), as reported for the year; FY2024 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2025.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filing
Earnings / (loss) per share (per share)3 0.341 2.302
  1. Printed as 34 Kobo; value converted to NGN at 100 Kobo = 1 NGN.
  2. Printed as 230 Kobo; value converted to NGN at 100 Kobo = 1 NGN.
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic earning per share (Kobo)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • INTERNATIONAL ENERGY INSURANCE PLC AUDITED FINANCIAL STATEMENTS for the year ended December 31 2025

    Year ended 31 December 2025 · Audited financial statements · signed / final

    Audit: Doyin Owolabi & Co. (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: Adedoyin Idowu Owolabi, FCA, for Doyin Owolabi & Co.

    Final status: Auditor's report (scanned) signed by Adedoyin Idowu Owolabi, FCA (FRC/2012/PRO/ICAN/004/00000000101) for Doyin Owolabi & Co. with the ICAN seal, dated 'Lagos, Nigeria 10th Mar 2026' in handwriting (PDF p32, page image; the ICFR assurance report on p24 refers to the audit report dated March 10, 2026); statements approved by the board on 10th March, 2026 and signed by two non-executive directors and the chief financial officer (PDF p35, page image).

    Document date
    10 Mar 2026
    Published
    1 Apr 2026
    Auditor's report
    10 Mar 2026
    Board approval
    10 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    company statements · NGN thousands (printed “In thousands of naira”)
    • 'Irredeemable Deposit for Share' 14,092,841 is printed in equity for 2025 with a blank 2024 cell, while borrowings fall from 16,494,183 to 2,778,099, the capital reserve from 7,926,399 to nil and 'Deposit for shares' (liability) from 2,066,039 to nil; total equity moves from (7,601,961) to 9,241,275 (p35).
    • 'Net decrease in cash and cash equivalents' is printed positive in both years (2,041,695; 2024: 892,935), i.e. an increase, consistent with closing cash (p37).
    • The auditor's reports (pp24-32) are scanned images without a text layer; the statements (pp33-37) have a text layer. The statement of financial position is unclassified (no current/non-current split).
    • Earnings per share is printed in kobo (34; 2024: 230, p33); stored in naira (÷100) with the printed figure and unit kept. No diluted EPS is printed.
    Technical details
    File
    109 pages, with a text layer
    SHA-256
    a96dec7b6749bff34c620f9a2748bf557dbe2290dafe44a3af0c4603820c9a0a
    Entity as printed
    INTERNATIONAL ENERGY INSURANCE PLC
    Exchange copy
    retrieved 2026-10-08T18:00:18Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (16 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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