BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc, Nigeria’s top five companies has projected a profit after tax of N1.524 billion for the second quarter of 2026.
According to notice filed by the insurer to The Exchange, the profit was supported by strong insurance revenue and steady investment income.
The insurer said it expects insurance revenue to rise to N30.44 billion during the period, underscoring a solid top-line outlook for the quarter.
The company also forecast an insurance service result of N4.68 billion, while investment income is projected at N1.40 billion, reflecting additional support from returns on invested assets.
Despite an estimated management expense of N3.90 billion, the company expects to post a profit before tax of N2.18 billion.
After an estimated tax charge of N653.15 million, the company’s profit after tax is forecast at N1.52 billion.
The outlook signals confidence in Sovereign Trust Insurance’s earnings momentum for the quarter, as the company continues to strengthen its underwriting and investment performance.
At the close of trading on April 15, shares of Sovereign Trust Insurance Plc appreciated by 8 kobo, closing at N2.00 per share, compared with the N1.92 at which the stock opened the trading session.
The gain reflects renewed investor interest in the counter, with the stock ending the day firmly in positive territory on the Nigerian Exchange
