Sovereign Trust Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021).
- Net premium written for the period was N1.9 billion. (+18% YoY)
- Total claims paid during the period was N1.27 billion (+17% YoY)
- Underwriting profit of N851 million. (+53% YoY)
- Profit after tax was N392.11 million. (+43% YoY)
- Earnings per share of 3.45 kobo Vs 3.3 kobo YoY.
- Net assets per share of 79 kobo.
See link to results.