![[Corporate Action] Linkage Assurance Profits Drops By 4% to N651 million In Q3’2015](https://nairametrics.com/wp-content/uploads/2015/10/Linkage-Assurance.png)
Linkage Assurance released its financial results for the nine months ended 30 September 2015.
The result showed that Gross Premium grew by 18% from N2.5 billion in Q3’2015 to N3 billion in Q3’2015.
Underwriting Profits however dropped by 47% from N721 million in 2014 to N383 million in 2015.
See Summary of result below..
| Linkage Assurance Q3 2015 | N’m | N’m | |
| 30-Jun-15 | 30-Jun-14 | ||
| Gross Premium | 3,060 | 2,596 | 18% |
| Underwriting Profits | 383 | 721 | -47% |
| Other Income & Investment Income | 1,201 | 816 | 47% |
| Operating Expenses | -770 | -693 | 11% |
| Pre-tax profits | 814 | 844 | -4% |
| Profit After Tax | 651 | 675 | -4% |
| Share Price(As at Press time) | 0.50 |
