Equity Assurance released its financial results for the nine months ended September 30, 2015.
The result showed Gross Premium written reduced by 14% from N3.9 billion in Q3’2014 to N3.3 billion in Q3’2015.
The company also made a loss before tax of N484 million , a 287% rise from its Q3’2014 result.
See Summary of result below..
| EQUITY ASSURANCE Q3 2015 | N’m | N’m | |
| Sep-15 | Sep-14 | % Change | |
| Gross Premium | 3,365 | 3,908 | -14% |
| Underwriting Profits | 2,563 | 2,610 | -2% |
| Other Income & Investment Income | 518 | 239 | 117% |
| Operating Expenses | -1,952 | -1,456 | 34% |
| Loss Before Tax | -484 | -125 | 287% |
| Loss After Tax | -543 | -209 | 160% |
| Share Price(As at Press time) | N0.50 |