Linkage Assurance Plc reports a loss after tax of N2.09 billion in Half Year 2021.

Linkage Assurance Plc released its unaudited financial results for the period ended June 30, 2021.

• Gross premium for the period was N6.92 billion. (+32% YoY)
• Net premium income of N2.4 billion. (+18% YoY)
• An underwriting loss of N1.03 billion was incurred. (-382% YoY)
• Total assets for the period stood at N35.72 billion. (+5% YoY)
• Insurance contract liabilities totalled N9.35 billion. (+63% YoY)
• Claims ratio of 41% Vs 19% YoY.
• Loss after tax for the period was N2.09 billion. (-480% YoY)
• Loss per share of -21 kobo. (-402.9% YoY)

See link to results.