Home Business Insurance World Coronation Insurance Report 79.44% Increase In Profit Q1 2021
Insurance World

Coronation Insurance Report 79.44% Increase In Profit Q1 2021

Share
Share

BY NKECHI NAECHE-ESEZOBOR–Coronation Insurance Plc, at the weekend said its Profit after tax appreciated by 79.44% for first quarter (Q1) period ended 31 March 2021.

The insurer disclosed this when it released it’s unaudited interim financial statements to the Nigeria Exchange Group (NXG) that the company’s PAT increased from N361.255 million in Q1 2020 to N648.242 million in Q1 2021.

Coronation Insurance which was formerly known as Wapic Insurance Plc also announced a growth of N5.228 billion in it’s gross written premium for Q1 period ended 31 March 2021.


Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

NAICOM, NDPC Sign MoU To Safeguard Data Of Policyholders

NKECHI NAECHE-ESEZOBOR-The National Insurance Commission, (NAICOM) and the Nigeria Data Protection Commission,...

NAICOM, CIIN Tell Insurance Firms Directors To Uphold GRC Principles For Industry Sustainability

BY NKECHI NAECHE- ESEZOBOR–The National Insurance Commission, (NAICOM), has urged directors in...

Non Settlement Of Claims Is A Ground For Cancellation Of License- NAICOM

BY NKECHI NAECHE- ESEZOBOR–The National Insurance Commission on Wednesday told insurance directors...

Onifade Calls For AI Innovation To Drive Insurance Growth At WAICA Conference In Accra

Niyi Onifade, Sector Head of Heirs Insurance Group, has called for the...