BY NKECHI NAECHE-ESEZOBOR--A major player in Nigeria’s insurance sector, Universal Insurance Plc, has recorded a strong Profit for the nine months at N407.241 million, a 348.93% improvement over N 90.713 million in nine months 2019.
The company disclosed this when it released its statements of comprehensive income for the period ended 30 Sept ember 2020 via a notice to the Nigerian Stock Exchange ( NSE) with gross premium written for nine months rose to N2.858 billion from N1.541 billion in 2019.
Gross premium written to N539.928 million in Q3 2020 while Profit after taxation stood at N35.941 million in Q3 2020.
