NIGERINS Declares N5bn Loss in 2019 Audited Results, (SP:N0.20k)


Friday, December 4, 2020 / 2:05 PM / NSE / Header Image Credit: AIICO/Ecographics

Niger Insurance Plc released its 2019 Audited results for the period ended December 31st, 2019.

Key Highlights

  • Gross Premium declined by -58.5% to N1.8bn from N4.5bn in the previous quarter.

  • Loss before tax stood at N4.9bn.

  • Loss after tax stood at N5.2bn.

  • Net Assets declined by -50.6% from N8.7bn to N4.3bn.

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