Linkage Assurance Plc released its unaudited financial results for the period ended June 30, 2021.
- Gross premium for the period was N6.92 billion. (+32% YoY)
- Net premium income of N2.4 billion. (+18% YoY)
- An underwriting loss of N1.03 billion was incurred. (-382% YoY)
- Total assets for the period stood at N35.72 billion. (+5% YoY)
- Insurance contract liabilities totalled N9.35 billion. (+63% YoY)
- Claims ratio of 41% Vs 19% YoY.
- Loss after tax for the period was N2.09 billion. (-480% YoY)
- Loss per share of -21 kobo. (-402.9% YoY)
See link to results.