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African Alliance Insurance Plc reports a loss of N3.53billion in Q1 2021.

African Alliance Insurance Plc released its unaudited financial results for the period ended 31st of March, 2021. Net premium income for the period was N1.95 billion. (+12.9% YoY) Fees and commission income of N22.05 million. (+100% YoY) Net underwriting loss of N153.4 million. Total assets during the period stood at N52.14 billion. Loss for the […]

African Alliance Insurance Plc released its unaudited financial results for the period ended 31st of March, 2021.

  • Net premium income for the period was N1.95 billion. (+12.9% YoY)
  • Fees and commission income of N22.05 million. (+100% YoY)
  • Net underwriting loss of N153.4 million.
  • Total assets during the period stood at N52.14 billion.
  • Loss for the period was N3.53 billion.

See link to results.





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