Insurance World

Coronation Insurance Report 79.44% Increase In Profit Q1 2021

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.


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