UnityKapital Assurance released its financial results for the nine months ended 30 September 2015.
The result showed the company returned to profit, Posting N265 million after tax, compared with the N96 million loss declared in Q3’2014.
See Summary of result below..
| UNITYKAPITAL Assurance Q3 2015 | N’m | N’m | |
| 30-Jun-15 | 30-Jun-14 | ||
| Gross Premium | 2,294 | 2,667 | -14% |
| Underwriting Profits | 680 | 807 | -16% |
| Other Income & Investment Income | 395 | 420 | -6% |
| Operating Expenses | -763 | -1,321 | -42% |
| Pre-tax profits | 312 | -93 | -435% |
| Profit After Tax | 265 | -96 | -376% |
| Share Price(As at Press time) | 0.50
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