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Home Markets Equities Company Results

Guinea Insurance Plc reports Net profit of N95.76 million in third quarter 2021

Chidinma Anyalewechi by Chidinma Anyalewechi
October 28, 2021
in Company Results, Markets
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Guinea Insurance Plc released its unaudited financial results for the third quarter of the year ended 30th of September 2021.

  • Gross premium written during the period was N286.52 million. (+1.83% YoY)
  • Gross premium income for the period was N346.69 million (+32.07%)
  • Net premium income stood at N221.53 million. (+20.59% YoY)
  • Underwriting profit for the period was N223.97 million. (+324.35% YoY)
  • Profit before tax of N96.68 million was recorded during the period.
  • Profit for the period stood at N95.76million from a loss after tax of N65.93million YoY
  • Total assets during the period stood at N3.48 billion.
  • Earnings per share of 1.6 kobo Vs –0.41 kobo YoY.

See full result here.

Tags: Guinea Insurance Plc
Chidinma Anyalewechi

Chidinma Anyalewechi

For further inquiries about this article, contact: Email: chidinma.anyalewechi@nairametrics.com LinkedIn: linkedin.com/in/chidinma-anyalewechi-a323ab173/

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