Tag: Company Financial Results

AXA Mansard Plc projects profit before tax of N3.8 billion in Q2 2021

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AXA Mansard Insurance Plc has released its earnings forecasts for the second quarter of 2021.

  • Net Premium Income is projected at N18.43 billion.
  • Net claims are projected at N11.59 billion.
  • Underwriting profit is projected at N5.4 billion.
  • Profit before tax is projected at N3.82 billion.
  • Taxation is projected at N875.42 million.
  • Profit after tax is projected at N2.94 billion.

See link to forecasts.

NEM Insurance projects N1.71 billion profit for Q2 2021.

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NEM Insurance Plc has released its earnings forecasts for the second quarter of 2021.

  • Net Premium Income is projected at N10.43 billion.
  • Total claims is projected at N3.58 billion.
  • Reinsurance expenses is projected at N4.22 billion.
  • Underwriting profit is projected at N4.15 billion.
  • Profit before tax is projected at N2.76 billion.
  • Profit after tax is projected at N1.71 billion.

See link to forecasts.

 

AIICO Insurance Plc projects N1.28 billion profit after tax for Q2 2021.

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AIICO Insurance Plc has released its earnings forecasts for the second quarter of 2021.

  • Net Premium Income is projected at N27.8 billion.
  • Net claims is projected at N19.35 billion.
  • Total underwriting costs is projected at N29.3 billion.
  • An underwriting loss of N767.11 million is projected for the period under review.
  • Profit before tax is projected at N1.3 billion.
  • Profit after tax is projected at N1.28 billion.

See link to forecasts.

2020 FY Results: United Capital posts N7.8 billion profit.

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United Capital Plc released its full-year 2020 audited results for the year ended December 2020.

  • Gross Earnings during the year was N12.98 billion. (+50% YoY)
  • Net operating income was N12.49 billion. (+58% YoY)
  • Total expenses of N4.93billion. (+35% YoY)
  • Profit before tax was N7.95 billion. (+61% YoY)
  • Earnings per share N1.30 vs 83 kobo. (+57% YoY)
  • Total shareholders fund was N24.43billion. (+25% YoY.)
  • A dividend of 70 kobo was proposed. (+40% YoY)

See link to results.

2020 FY Results: AIICO Insurance Plc reports a 20% increase in profit for the year.

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AIICO Insurance Plc released its full-year results for the year ended December 2020.

  • Net Premium Income of N52.79 billion. (+21% YoY)
  • Net claims incurred was N31.66 billion. (+25% YoY)
  • The Company reported an Underwriting loss of N35.44 billion.
  • Profit before tax was N6.27 billion. (+5% YoY)
  • Earnings per share 43 kobo vs 83 kobo. (-48% YoY)
  • The shareholders’ fund of the company was N35.25 billion (+27% YoY)

See link to results

2020 FY Results: JAIZ Bank posts N2.51 billion profit after tax

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Jaiz Bank Plc released its full-year results for the year ended December 2020.

  • Gross income was N18.76 billion. (+38.8% YoY)
  • Total expenses was N9.86 billion. (+15.4% YoY)
  • Profit before tax was N2.79 billion. (+32.05% YoY)
  • Profit after tax was N2.51 billion. (+2.7% YoY)
  • Earnings per share was N9.46 (+32.1% YoY)
  • No dividend announcement was made in their press release.

See link to results.