SOVEREIGN TRUST INSU

SOVRENINS
End-of-day quote Nigerian Stock Exchange - 06:00 2022-12-06 pm EST
0.2800 NGN  0.00%

SOVEREIGN TRUST INSURANCE : EARNINGS FORECAST

09/23/2022 | 11:33am

TRUST INSURANCE PLC

PROFIT FORECAST FOR THE FOURTH QUARTER 2022

PREMIUM INCOME

CLASS OF BUSINESS

MOTOR

691,362

FIRE

588,454

MARINE

288,082

GENERAL ACCIDENT

323,372

CAR/ENGINEERING

466,230

ENERGY BUSINESS

1,023,500

GROSS PREMIUM WRITTEN

3,381,000

PROVISION FOR UNEXPIRED RISK

(171,818)

REINSURANCE EXPENSES

(1,413,808)

NET PREMIUM EARNED

1,795,374

COMMISSION INCOME

281,949

NET UNDERWRITING INCOME

2,077,323

CLAIMS PAID

(676,200)

CLAIMS RESERVE

(108,581)

CHANGE IN IBNR

(57,159)

REINSURANCE CLAIMS RECOVERED

97,320

NET CLAIMS INCURRED

1,332,702

ACQUISITION EXPENSES

(509,454)

UNDERWRITING EXPENSES

(142,209)

TOTAL UNDERWRITING EXPENSES

(651,663)

UNDERWRITING PROFIT

681,039

INVESTMENT INCOME

147,613

MANAGEMENT EXPENSES

(714,874)

PROFIT BEFORE TAX

113,778

INCOME TAX

(23,159)

PROFIT AFTER TAX

90,619

Disclaimer

Sovereign Trust Insurance plc published this content on 23 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2022 15:32:02 UTC.

Publicnow 2022
Copier lien
All news about SOVEREIGN TRUST INSURANCE PLC
10/28
10/28
09/23
07/31
07/29