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Home Markets Equities Company Results

2021 Q1 Results: Coronation Insurance profit surge by 79% to N648.2 million.

Chidi Emenike by Chidi Emenike
June 25, 2021
in Company Results, Markets
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Coronation Insurance Plc released its unaudited interim financial results for the first quarter of the year ended 31st of March, 2021.

  • Net premium income for the period was N2.32 billion. (+2.2% YoY)
  • Fees and commission income of N228.15 million. (-47.3% YoY)
  • Total claims paid during the period was N1.64 billion (+43.01% YoY)
  • Underwriting profit was N755.85 million. (-41.7% YoY)
  • Operating expenses totalled N1.36 billion. (-10.8% YoY)
  • Profit after tax was N648.2 million. (+79.4% YoY)

See link to results.

Tags: Company Financial ResultsCORONATION INSURANCE PLC​
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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