AIICO Insurance Plc has released its unaudited interim report and financial statement for the third quarter ended 30th of September, 2021.
- Gross premium written during the period was N54.67 billion. (+15.84% YoY)
- Gross premium income for the period was N51.44 billion. (+16.56% YoY)
- Net Premium income for the period was N42.96 billion
- Underwriting profit during the period was N29.74 billion. (+233% YoY)
- Other expenses of N15.45 billion was recorded.
- Profit after tax from discontinued operation was reported as N2.37 billion.
- Profit for the period was N2.43 billion.
- Total assets during the period stood at N212.25 billion. (-30.84 mn YtD)
- Earnings per share of 15 kobo Vs 45 kobo.
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