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Sovereign Trust Insurance records a 43% surge in profit after tax to N392.1 million in Q1 2021.

Sovereign Trust Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021). Net premium written for the period was N1.9 billion. (+18% YoY) Total claims paid during the period was N1.27 billion (+17% YoY) Underwriting profit of N851 million. (+53% YoY) Profit after tax was N392.11 million. (+43% YoY) Earnings […]

Chidi Emenike

1 min read

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Sovereign Trust Insurance Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net premium written for the period was N1.9 billion. (+18% YoY)
  • Total claims paid during the period was N1.27 billion (+17% YoY)
  • Underwriting profit of N851 million. (+53% YoY)
  • Profit after tax was N392.11 million. (+43% YoY)
  • Earnings per share of 3.45 kobo Vs 3.3 kobo YoY.
  • Net assets per share of 79 kobo.

See link to results.

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