Continental Reinsurance Plc reported unaudited earnings results for the first quarter ended March 31, 2012 and half year ended June 30, 2012. For the quarter ended March 31, 2012, the company reported net premium earned of NGN 2,317,282,000 against NGN 1,888,693,000 a year ago. Underwriting profit was NGN 407,259,000 against NGN 313,352,000 a year ago. Profit on ordinary activities before tax was NGN 567,109,000 against NGN 420,249,000 a year ago. Profit for the period after tax was NGN 453,687,000 against NGN 336,199,000 a year ago. Basic earnings per share were 4 kobo against 3 kobo per share a year ago.

For the period ended June 30, 2012, the company reported net premium earned of NGN 4,534,316,000 against NGN 4,272,060,000 a year ago. Underwriting profit was NGN 862,519,000 against NGN 581,937,000 a year ago. Profit on ordinary activities before tax was NGN 1,304,730,000 against NGN 690,179,000 a year ago. Profit for the period was NGN 767,696,000 against NGN 391,471,000 a year ago. Basic earnings per share were 10 kobo against 5 kobo per share a year ago.