Insurance World

Sunu Assurances Profit Projection Drop By 8.58% Q3 2021

BY NKECHI NAECHE-ESEZOBOR--Sunu Assurances Nigeria Plc has slashed its projection for profit after tax to N168.597 million lower than N184.425 million the company projected in Q2.

The company also projected gross written premium of N3.81 billion, representing 42.12% growth over N2.68 billion generated in the same period of 2020.

Gross claims, according to the company as it relates to 2021 businesses were projected based on 5 years average loss ratio.

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