Sovereign Trust Insurance Plc released its audited full-year results for the period ended 31st December, 2020.
- Net premium income for the year was N6.54 billion (+10%YoY)
- Net claims expenses totalled N3.49 billion. (+58% YoY)
- Underwriting profit of N1.99 billion. (-4% YoY)
- Profit after tax was N687.7 million. (+37% YoY)
- Earnings per share of 8kobo vs 6kobo YoY.
- No dividend was announced
See link to results.