UNIVINSURE Declares N370m PAT in Q1 2020 Result, (SP:N0.20k)


Tuesday, August 11 2020 / 10:39 AM / by NSE / Header Image Credit: Universal Insurance Plc

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

Key Highlights

  • Gross Premium grew by 106.2% to N1.3bn from N651m in the previous quarter.

  • Profit before tax grew by 528.6% to N386m.

  • Profit after tax grew by 686.3% to N370m.

  • Net Assets declined by -10.6% from N9.4bn to N8.4bn.

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