Corporate Head Office: Guinea Insurance House, 33, Ikorodu Road, Jibowu, P.O.Box 1136, Marina, Lagos E-mail: info@guineainsurance.com, Website: www.guineainsurance.com, Tel: +234-1-2934575, 2934577

Authorised and Regulated by the National Insurance Commission RIC NO. 017

FORECAST INCOME STATEMENT FOR THE 4TH QUARTER

TOTAL

ENDING 31ST DECEMBER, 2022

=N=' 000

Gross premium written

2,125,000

Changes in unearned premium

(127,500)

Gross premium income

1,997,500

Reinsurance expenses

(361,250)

Net premium income

1,636,250

Fees and commission income on reinsurance

322,363

Net underwriting Income

1,958,613

Claims expenses

(510,000)

Underwriting expenses

(331,002)

Underwriting profit

1,117,611

Investment Income

169,735

Fair value gains on investment properties

-

Other operating income/(loss)

-

Impairment (charge)/reversal

-

Finance cost

-

Other operating expenses

(1,037,177)

Profit/(Loss) before taxation

250,169

Income tax (expense)/credit

(80,054)

Profit/(Loss) after taxation

170,115

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Guinea Insurance plc published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 20:05:01 UTC.