BY NKECHI NAECHE-ESEZOBOR–Guinea Insurance Plc has released its first quarter result for the period ended March 31, 2023.
According to the notice released to the Nigerian Exchange Group and the investing public shows that the company was able to double it’s gross premium written during the period by 100.8 percent from N400,478 million in 2022 to N804,208 million in the period under review.
Underwriting profit of the company also rose from N106,227 million to N305,285 million indicating 27.3 percent growth.
The company’s asset was not left out as it grew by 5.78 percent to N4.49 billion when compared to N4.25 billion reported in the same period of 2022.
The company was also able to reduce it’s profit before tax loss position by 47.30 percent from N-55,364 million to N-29,179 million.