SOVRENINS Declares N275m PAT in Q1 2020 Results; (SP:N0.20K)


Wednesday, July 01, 2020 / 1:12 PM / NSE / Header Image Credit: Sovereign Trust Insurance

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

Key Highlights

  • Gross Premium declined by -8.4% to N3.7bn from N4bn in the previous quarter.

  • Profit before tax declined by 11% to N307m.

  • Profit after tax declined by 11% N275m.

  • Net Assets grew by 3.5% from N7.8bn to N8.1bn.

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