Wednesday, July 08, 2020 / 9:50 PM / NSE / Header Image Credit: Universal Insurance
The Management of Universal Insurance Plc. (the Company) hereby notifies its Shareholders, Stakeholders and the investing public that the Company was unable to file its Q1 Unaudited Financial Statements for the period ended 31 March, 2020 (2020 Q1 UFS) before the regulatory due date of 29 June, 2020.
The failure to file the 2020 Q1 UFS was due to the fact that the Company is yet to file its Audited Financial Statements for the year ended 31 December, 2019 as a result of pending approval from its primary regulator, the National Insurance Commission (NAICOM). The Company is however optimistic of submitting the 2020 Q1 UFS on or before the 31 July, 2020 and regrets any inconvenience this particular delay may have caused its shareholders.
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Table: Q3 2019 Unaudited Results