NKECHI NAECHE-ESEZOBOR-NEM Insurance Plc has released a statement of financial position forecast for the first quarter period ending 31st March, 2021, saying it expects profit after tax to increase 52.41% to N1.706 billion which is 52.41% of the profit projection for 2020.
According to statement released to Nigerian Stock Exchange, (NSE) the insurer projected a gross premiums written of N10.710 billion, when compared with N23 billion projection in 2020.
The insurer’s also hopeful that a cash and cash equivalent will grow from N8.885 billion in 2020 to N10.082 billion in Q1 2021.
