SOVEREIGN TRUST INSURANCE PLC SOVEREIGN TRUST INSURANCE PLC
THIRD QUARTER FORECAST ENDING 30TH SEPTEMBER 2022 PROFIT FORECAST
PREMIUM INCOME | N'000 |
CLASS OF BUSINESS | TOTAL |
MOTOR | 450,888 |
FIRE | 383,774 |
MARINE | 187,880 |
GENERAL ACCIDENT | 210,895 |
CAR/ENGINEERING | 304,063 |
ENERGY BUSINESS | 667,500 |
GROSS PREMIUM WRITTEN | 2,205,000 |
PROVISION FOR UNEXPIRED RISK | (112,055) |
REINSURANCE EXPENSES | (922,049) |
NET PREMIUM EARNED | 1,170,896 |
COMMISSION INCOME | 183,880 |
NET UNDERWRITING INCOME | 1,354,776 |
CLAIMS PAID | (441,000) |
CLAIMS RESERVE | (70,814) |
CHANGE IN IBNR | (37,278) |
REINSURANCE CLAIMS RECOVERED | 63,469 |
NET CLAIMS INCURRED | 869,154 |
- | |
ACQUISITION EXPENSES | (332,253) |
UNDERWRITING EXPENSES | (92,745) |
TOTAL UNDERWRITING EXPENSES | |
(424,998) | |
- | |
UNDERWRITING PROFIT | 444,156 |
- | |
INVESTMENT INCOME | 96,269 |
MANAGEMENT EXPENSES | (347,545) |
PROFIT BEFORE TAX | 192,880 |
INCOME TAX | (15,103) |
PROFIT AFTER TAX | 177,776 |
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Sovereign Trust Insurance plc published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 20:37:12 UTC.
