2020 FY Results: Sovereign Trust Insurance Plc records a 37% increase in profit after tax.

Sovereign Trust Insurance Plc released its audited full-year results for the period ended 31st December, 2020. Net premium income for the year was N6.54 billion (+10%YoY) Net claims expenses totalled N3.49 billion. (+58% YoY) Underwriting profit of N1.99 billion. (-4% YoY) Profit after tax was N687.7 million. (+37% YoY) Earnings per share of 8kobo vs […]