AFRINSURE Declares N2.697 bln Loss in Q4 2018 Result,(SP:N0.20k)

Monday, June 3, 2019 12:59PM / NSE

African Alliance Insurance Plc released its 2018 Audited results.

Key Highlights 

Gross Premium declined by 10.9% to N6.796bln from N7.63bln in 2017.

LBT declined by 64% to N2.42bln.

Loss for the year therefore declined by 56.9% to N2.697bln.

Net Assets grew by 520.9% to –N3.17bln from -N511.18mln as at 31st December, 2017.

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