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International Energy Insurance Plc records ₦3.5 billion loss in 2016

International Energy Insurance Plc today released its financial statements for the year ended 31 December 2016. Here are highlights of the result Gross Premium 2015: ₦3.85 billion 2016: ₦1.97 billion Other News Stanbic IBTC PMI: Nigeria’s private sector expands for fifth consecutive month in JuneNDIC begins liquidation, warns public after CBN closes 46 microfinance banksRMAFC […]

International Energy Insurance Plc records ₦3.5 billion loss in 2016
Muhammad K. Ahmad, Interim Chairman, International Energy Insurance Plc

International Energy Insurance Plc today released its financial statements for the year ended 31 December 2016.

Here are highlights of the result

Gross Premium

2015: ₦3.85 billion

2016: ₦1.97 billion

% change:-48.8%

Loss before tax

2015:₦698.9 million

2016:₦3.56 billion

%change:408%

Earnings per share:

2015: -58.92kobo

2016: -287.37kobo

%change:387%

Here is a link to the result





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