NIGERINS Releases Q1 2020 and Q2 2020 Results, Declares N34.3m PAT in Q2, (SP:N0.20k)


MondayDecember 7, 2020 / 5:11 PM / NSE / Header Image Credit: Niger Insurance

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

Key Highlights

  • Gross Premium declined by -45.8% to N18.9bn from N15.2bn in the previous quarter.

  • Profit before tax declined by 56.5% to N28m.

  • Profit after tax declined by 59.3% to N34m.

  • Net Assets declined by -9.1% from N6bn to N5bn.

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