Sovereign Trust Up Profit By 18% In 2021

BY NKECHI NAECHE-ESEZOBOR–Lead Underwriter, Sovereign Trust Insurance Plc, said it’s profit after income tax grew by 18% from N687.698 million in 2020 to N814.777 million in 2021.

This is contained it the company’s statement of  accounts for the period ended December 31, 2021 released on the floor of Nigerian Exchange Group, that gross premium written also appreciated from from N11.121 billion in 2020 to N12.719billion this indicating  14% increase.