Insurance World

Guinea Insurance Cuts Loss By 80.67% In Q3 2020

BY NKECHI NAECHE-ESEZOBOR–Guinea Insurance Plc, has released its financial statement for the (Q3) period ended 30 September, 2020, on the floor of the Nigerian Stock Exchange (NSE) BusinessToday has learnt.

The statement released indicated that the insurer was able to cut loss after taxation by 80.67 percent from N735.066 million in 2019 to N142.125 million.

The statement further shows that gross premium written dropped from N1.029 billion in the same period in 2019 to
N795.776 million, representing
22.66 percent drop.

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