Linkage Assurance targets N872m gross premium

Linkage Assurance Plc has projected to achieve N871.767m gross premium written for the fourth quarter ending December 2020. In its Q4 earning forecast obtained from the Nigerian Stock Exchange (NSE), the insurance firm also projected N73.063 million as profit after tax and N162.736 million as profit before tax for the period.


For the fourth quarter ended December 31, 2019, the underwriting firm’s unaudited fourth quarter report ended December 31, 2019 submitted to the Nigerian Stock Exchange (NSE), showed a Gross Written Premium (GWP) of N6.52 billion as against N5.59 billion during the same period in 2018, indicating a 21 per cent increase.


From the business generated in 2019 review period, the company also recorded a profit before tax growth of 902 per cent, moving from N134.7 million in 2018 to N1.35 billion during the review period. Profit after tax also grew to N930.24 million, a 421 per cent increase from a loss position of N290.12 million during the same period in 2018.


The performance, according to the company, has come from improved underwriting performance, as well as from investment returns, which saw the company coming out stronger during the review period.


Underwriting profit rose by 149 per cent to close at N375.622 million during the review period, as against loss position of N772.48 million the previous year, while investment also grew by 10 per cent, moving from N2.46 billion in 2018 to N2.71 billion in 2019.


The company’s total assets also appreciated by seven per cent to close at N24.72 billion, as against N23.15 billion in 2018. In the statement to the NSE, Daniel Braie, Managing Director/CEO, Linkage Assurance Plc, said the company would continue to refine its strategy in line with the political, economic, sociological and technological changes within our operating environment




Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...




%d bloggers like this:
Fake Richard Mille Replica Watches, The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica