GUINEAINS Declares N228m Loss in 2020 Audited Results, (SP:N0.20k)


Wednesday, April 21, 2021 / 06:04 PM / by Nigerian Exchange Group Header Image CreditGuinea Insurance 

Guinea Insurance Plc released its 2020 Audited results for the period ended December 31st, 2020.

Key Highlights

  • Gross Premium declined by -16% to N1.1bn from N1.3bn in the previous quarter.

  • Loss before tax stood at N225m.

  • Loss after tax stood at N228m.

  • Net Assets declined by -6.9% from N2.3bn to N2.1bn.

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