Veritas Kapital Assurance Plc

NGSE:VERITASKAP Stock Report

Market Cap: ₦30.0b

Veritas Kapital Assurance Past Earnings Performance

Past criteria checks 3/6

Veritas Kapital Assurance has been growing earnings at an average annual rate of 10.5%, while the Insurance industry saw earnings growing at 41.1% annually. Revenues have been growing at an average rate of 31.2% per year. Veritas Kapital Assurance's return on equity is 29.8%, and it has net margins of 36.4%.

Key information

10.53%

Earnings growth rate

6.04%

EPS growth rate

Insurance Industry Growth25.37%
Revenue growth rate31.17%
Return on equity29.77%
Net Margin36.36%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Veritas Kapital Assurance makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NGSE:VERITASKAP Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2516,9646,1685,6120
30 Sep 2515,2306685,6750
30 Jun 2517,360-2,1015,6750
31 Mar 2510,444-4,9465,3580
31 Dec 2412,764-1,0094,2140
30 Sep 2413,3343,5715,7900
30 Jun 247,6326,1784,5360
31 Mar 247,1627,9534,1330
31 Dec 237,9272,5752,9510
30 Sep 234,9271,216-6850
30 Jun 235,1871,6601,0710
31 Mar 236,2985272,8430
31 Dec 225,6385411,3740
30 Sep 225,7325832,6970
30 Jun 224,863-2212,7770
31 Mar 224,2222532,5390
31 Dec 215,0935052,3470
30 Sep 215,1921,0642,0060
31 Dec 204,7089412,1710
31 Dec 193,8261852,2560
31 Dec 183,849-6322,3890
31 Dec 173,212-7491,7890
31 Dec 162,9032101,3270
31 Dec 153,1713081,5330

Quality Earnings: VERITASKAP has a high level of non-cash earnings.

Growing Profit Margin: VERITASKAP became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: VERITASKAP's earnings have grown by 10.5% per year over the past 5 years.

Accelerating Growth: VERITASKAP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: VERITASKAP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (-50.9%).


Return on Equity

High ROE: VERITASKAP's Return on Equity (29.8%) is considered high.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/17 15:41
End of Day Share Price 2026/03/17 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Veritas Kapital Assurance Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.