Guinea Insurance Plc reports Net profit of N95.76 million in third quarter 2021

Guinea Insurance Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Gross premium written during the period was N286.52 million. (+1.83% YoY)
  • Gross premium income for the period was N346.69 million (+32.07%)
  • Net premium income stood at N221.53 million. (+20.59% YoY)
  • Underwriting profit for the period was N223.97 million. (+324.35% YoY)
  • Profit before tax of N96.68 million was recorded during the period.
  • Profit for the period stood at N95.76million from a loss after tax of N65.93million YoY
  • Total assets during the period stood at N3.48 billion.
  • Earnings per share of 1.6 kobo Vs –0.41 kobo YoY.

See full result here.

Leave a Reply

Your email address will not be published. Required fields are marked *