UNIVINSURE Declares N173.05m Loss in Q2 2019 Results,(SP:N0.20k)

Wednesday, August 14, 2019 / 2:14 PM / NSE

Universal Insurance Plc released its unaudited second quarter results for the period ended June 30, 2019.

Key Highlights

Gross Premium grew by +110% to N1.21bn from N579.17m in the previous quarter.

Loss Before Tax grew by 1231.9% to N166.80m.

Loss After Tax grew by 869.7% to N173.05m.

Net Assets also declined by 2.1% to N9.27bn from N9.47bn as at December 31, 2018.

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