African Alliance Insurance Plc reports a loss of N3.53billion in Q1 2021.

African Alliance Insurance Plc released its unaudited financial results for the period ended 31^st of March, 2021.

• Net premium income for the period was N1.95 billion. (+12.9% YoY)
• Fees and commission income of N22.05 million. (+100% YoY)
• Net underwriting loss of N153.4 million.
• Total assets during the period stood at N52.14 billion.
• Loss for the period was N3.53 billion.

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