2021 Q1 Results: Coronation Insurance profit surge by 79% to N648.2 million.

Coronation Insurance Plc released its unaudited interim financial results for the first quarter of the year ended 31st of March, 2021.

• Net premium income for the period was N2.32 billion. (+2.2% YoY)
• Fees and commission income of N228.15 million. (-47.3% YoY)
• Total claims paid during the period was N1.64 billion (+43.01% YoY)
• Underwriting profit was N755.85 million. (-41.7% YoY)
• Operating expenses totalled N1.36 billion. (-10.8% YoY)
• Profit after tax was N648.2 million. (+79.4% YoY)

See link to results.