AFRINSURE Releases 2019 Audited and Q1 2020 Results, Declares N331m Loss in Q1, (SP:N0.20k)


Friday, July 24, 2020 / 04:30 PM / NSE / Header Image Credit: African Alliance Insurance

African Alliance Insurance Plc released its Q1 2020 Unaudited results for the period ended March 31st, 2020.

Key Highlights

  • Gross Premium declined by -32.4% to N1.9bn from N2.8bn in the previous quarter.

  • Loss before tax stood at N327m.

  • Loss after tax stood at N331m.

  • Net Assets also stood at -N11.5bn.

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