Continental Reinsurance Post 27% Increase In Net Premium Revenue

Continental Insurance released its 2014 Q1 results showing a rise in Net Premium income of 27%. The company closed with a Net premium income of N3.6billion compared to N2.8billion posted in 2013. Underwriting profits also increased 2.5% to N651million as the company incurred higher claims and underwriting expenses.

Pre-tax profits for the period dropped 3.2% to N764million for the quarter. The share price dropped 2.5% to N1.18 at the close of trading.

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