AFRINSURE Grows Gross Premium By 66% in Q1 2019 Results,(SP:N0.20k)


Thursday, June 06, 2018 09:44 AM / NSE

African Alliance Insurance Plc released its Q1 2019 Unaudited results.


Key Highlights


Gross Premium grew by 66% to N2.77bln from N1.67bln in Q1 2018.

PBT declined by 605.3% to N789Mln Loss.

Loss for the year therefore declined by 1184% to N64.03mln.

Net Assets grew by 39.4% to –N4.42bln from –N3.17bln as at 31st December, 2018.


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