![[Corporate Action] Continental Re-insurance Posts 13% Rise In PAT to N1.5 billion In Q3’2015](https://nairametrics.com/wp-content/uploads/2015/11/C-Re.jpg)
Continental Re-insurance released its financial results for the nine months ended 30 September 2015.
The result showed that Gross Premium increased by 26% from N11.9 billion in Q3’2014 to N15.1 billion in Q3’2015.
Pre-tax profits also rose by 23% from N1.6 billion in Q3’2014 to N2 billion in Q3’2015.
See summary of result below..
| Continental Re-INSURANCE Q3 2015 | N’m | N’m | |
| Sep-15 | Sep-14 | % Change | |
| Gross Premium | 15,109 | 11,987 | 26% |
| Underwriting Profits | 1,276 | 1,016 | 26% |
| Other Income & Investment Income | 409 | 119 | 244% |
| Operating Expenses | -369 | -245 | 51% |
| Pre-tax profits | 2,072 | 1,691 | 23% |
| Profit After Tax | 1,537 | 1,364 | 13% |
| Share Price(As at Press time) |
