Niger Insurance Posts 127% Rise In PAT to N518 million

Niger Insurance Plc released its financial results for Q1 and Q2 2015 respectively.

The Q1’2015 result showed Profit after tax rose by 84% from N186 million to N342 million, while in Q2’2015 Profit after tax rose by 127% from N228 million to N518 million.

See Summary of result below..

NIGER INSURANCE Q1 2015 N’m N’m
Mar-15 Mar-14 % Change
Gross Premium 3,048 3,079 -1%
Underwriting Profits 1,107 970 14%
Other Income & Investment Income 96 113 -15%
Operating Expenses -1,604 -1,672 -4%
Pre-tax profits 377 240 57%
Profit After Tax 342 186 84%
Share Price(As at Press time)
NIGER INSURANCE Q2 2015 N’m N’m
Jun-15 Jun-14 % Change
Gross Premium 6,167 5,606 10%
Underwriting Profits 1,959 1,684 16%
Other Income & Investment Income 336 194 73%
Operating Expenses 3,735 3,361 11%
Pre-tax profits 568 293 94%
Profit After Tax 518 228 127%
Share Price(As at Press time)

DOWNLOAD Q1 RESULT

DOWNLOAD Q2 RESULT