SOVRENINS Declares N501.87m PAT in Q3 2019 Results,(SP:N0.20k)

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Wednesday, October 30, 2019  /5:44 PM / By NSE / Header Image Credit: Champion Newspapers


Sovereign Trust Insurance Plc released its Q3 unaudited 2019 results for the period ended September 30th, 2019.


Key Highlights

Gross Premium Written declined by -1.74% to N9.19bn from N9.35bn in the previous quarter.

Profit before tax declined by 6.76% to N560.75m from 601.37m.

Profit after tax declined by 7.61% to 501.87m from 543.23m.

Net Assets also grew by 8.88% to 6.34bn from 5.82bn as at December 31, 2018.

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