Universal Insurance Plc posts profit after tax of N168.3 million in Q1 2021.

Universal Insurance Plc released its unaudited results for the period ended 31st of March, 2021.

  • Gross premium for the period was N1.6 billion. (+17.83% YoY)
  • Total claims paid was N55.4 million (+575.6% YoY)
  • Underwriting profit was N531.4 million. (-6.1% YoY).
  • Total expenses of N360.34 million. (+7.65% YoY)
  • Profit after tax was N168.3 million. (+54.5% YoY)
  • Earnings per share of 1.1kobo Vs 2.3kobo YoY.

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