African Alliance Insurance Plc declares profit after tax of N5.05 billion in H1 2021

African Alliance Insurance Plc declares profit after tax of N5.05 billion in H1 2021

African Alliance Insurance Plc released its unaudited financial results for the period ended 30th of June, 2021.

  • Net premium income for the period was N3.22 billion. (+38.5% YoY)
  • Fees and commission income of N116.91 million. (+100% YoY)
  • Net underwriting profit of N11.07 billion. (+778% YoY)
  • Total assets during the period stood at N46.7 billion.
  • Profit after tax for the period was N5.05 billion.

See link to results.

Author: Greg