BY NKECHI NAECHE-ESEZOBOR—Guinea Insurance Plc has released its forecast income statement for the third quarter ending September 30, 2026, projecting a profit after tax of ₦2.782 billion, according to a regulatory filing submitted to the Nigerian Exchange Limited (NGX).
The insurer forecast insurance revenue of ₦6.615 billion during the period, while insurance service expenses are expected to amount to ₦2.419 billion.
The company also projected net expenses on reinsurance contracts of ₦795.8 million, resulting in an insurance service result of ₦3.400 billion.
The forecast further showed that investment income is expected to reach ₦1.713 billion, with no projected fair value gains on investment properties or impairment losses on financial assets measured at amortised cost. This brings the company’s net investment income to ₦1.713 billion.
It also estimated net insurance finance expenses of ₦42.5 million, comprising finance expenses of ₦23.6 million from insurance contracts issued and ₦18.9 million from reinsurance contracts held.
Consequently, the company expects to achieve a net insurance and investment result of ₦5.071 billion.
After accounting for other operating expenses of ₦2.252 billion, the insurer projected a profit before tax of ₦2.819 billion. Following an estimated income tax expense of ₦36.75 million, the company forecast a profit after tax of ₦2.782 billion for the third quarter ending September 30, 2026.
The forecast provides investors with an outlook on Guinea Insurance’s expected financial performance for the period, subject to prevailing business and market conditions.
