AFRINSURE Declares N3.2bn Loss in Q3 2020 Result, (SP:N0.20k)


Thursday, November 05, 2020 / 4:42 PM / NSE / Header Image Credit:  African Alliance Insurance

African Alliance Insurance Plc released its Q3 2020 Unaudited results for the period ended September 30th, 2020.

Key Highlights

  • Gross Premium declined by -16% to N5.2bn from N6.2bn in the previous quarter.

  • Loss before tax stood at N3.2bn.

  • Loss after tax stood at N3.2bn.

  • Net Assets also stood at -N13.9bn.

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