Insurance World

Sovereign Trust Grow Profit By 42.82% In Q1 2021

Olaotan Soyinka, MD/CEO

BY NKECHI NAECHE-ESEZOBOR--Nigeria’s leading in insurer, Sovereign Trust Insurance Plc, has announced growth of 42.82% in its Profit after tax for the first quarter ended March, 2021

The company disclosed this when it released its unaudited financial statements for the quarter ended March 31, 2021.

According to the insurer its profit grew to N392.106 million from N274.536 million reported in Q1 2020.

The company was able to boost its gross premium written to N5.376 billion from N3.693 billion in Q1 2020.

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *