AFRINSURE Declares N507.61m PAT in Q2 2020 Result, (SP:N0.50k)


Monday, August 10, 2020 / 10:41 AM / NSE / Header Image Credit: African Alliance Insurance Plc

African Alliance Insurance Plc released its Q2 2020 Unaudited results for the period ended June 30th, 2020.

 Key Highlights

  • Gross Premium Written declined by -20.9% to N3.11bn from N3.94bn in the previous quarter.

  • Profit before tax grew by 123.9% to N523.12m.

  • Profit after tax grew by 121.4% to N507.61m.

  • Net Assets declined by 6.2% from N11.34bn to N10.64bn.

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