Sovereign Trust Record stronger Profit Of N746.294million In 2020

BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc, has released its unaudited financial statements for the period ended December 31, 2020 with a stronger profit after income tax of N746.294 million from N503.382 million in 2019; showing 48 % increase.

The company added that gross premium written grew narrowly by 2 percent to N11.121 billion from N10.880 billion in 2019.