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Nigerian S.E.
23:00:00 16/05/2024 BST
5-day change
1st Jan Change
0.41
NGN
0.00%
+7.89%
-2.38%
SOVEREIGN TRUST INSURANCE : EARNINGS FORECAST
February 01, 2023 at 09:08 am
SOVEREIGN TRUST INSURANCE PLC
PROFIT FORECAST FOR THE FIRST QUARTER 2023
PREMIUM INCOME
N'000
CLASS OF BUSINESS
MAR
MOTOR
1,587,600
FIRE
1,360,800
MARINE
708,960
GENERAL ACCIDENT
756,000
CAR/ENGINEERING
945,000
ENERGY BUSINESS
2,201,640
GROSS PREMIUM WRITTEN
7,560,000
PROVISION FOR UNEXPIRED RISK
(336,840)
REINSURANCE EXPENSES
(3,442,975)
NET PREMIUM EARNED
3,780,185
COMMISSION INCOME
593,599
NET UNDERWRITING INCOME
4,373,784
CLAIMS EXPENSES
(1,512,000)
CLAIMS RESERVE
(145,438)
CHANGE IN IBNR
(7,064)
REINSURANCE CLAIMS RECOVERED
128,897
NET CLAIMS INCURRED
(1,528,540)
ACQUISITION EXPENSES
(1,086,624)
UNDERWRITING EXPENSES
(278,644)
TOTAL UNDERWRITING EXPENSES
(1,365,268)
UNDERWRITING PROFIT
1,479,976
INVESTMENT INCOME
250,781
INCOME TAXES
(74,253)
FINANCE COST
(41,792)
MANAGEMENT EXPENSES
(1,140,421)
PROFIT BEFORE TAX
474,291
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Disclaimer
Sovereign Trust Insurance plc published this content on 01 February 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 01 February 2023 09:07:05 UTC .
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11-02
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29/07/23
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Sovereign Trust Insurance Plc Reports Earnings Results for the First Quarter Ended March 31, 2023
28/04/23
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Sovereign Trust Insurance Plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
29/01/23
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Full Year Ended December 31, 2022
29/01/23
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
28/10/22
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
29/07/22
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the First Quarter Ended March 31, 2022
29/04/22
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Full Year Ended December 31, 2021
28/01/22
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2021
28/01/22
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
29/10/21
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Second Quarter Ended June 30, 2021
30/07/21
CI
Sovereign Trust Insurance plc Reports Earnings Results for the First Quarter Ended March 31, 2021
30/04/21
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Full Year Ended December 31, 2020
29/01/21
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Third Quarter Ended September 30, 2020
02/11/20
CI
Sovereign Trust Insurance plc Reports Earnings Results for the First Quarter Ended March 31, 2020
30/06/20
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
30/01/20
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Nine Months Ended September 30, 2019
29/10/19
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Second Quarter Ended June 30, 2019
29/07/19
CI
Sovereign Trust Insurance plc Reports Earnings Results for the First Quarter Ended March 31, 2019
30/04/19
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Full Year Ended December 31, 2018
29/03/19
CI
Sovereign Trust To Acquire Life Insurance Operator
23/05/14
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Sovereign Trust Insurance Plc is a non-life insurance group organized around 6 areas of activity:
- energy insurance (35.9% of gross written premiums);
- motor insurance (18.9%);
- fire and property insurances (15.2%);
- contractors' all risks and engineering insurances (13.7%);
- marine and aviation insurances (8.6%);
- accident insurance (7.7%).
All gross written premiums are in Nigeria.
More about the company
1st Jan change
Capi.
-2.38% 3.98M +39.42% 62.15B +18.91% 53.45B +15.34% 50.31B +21.10% 44.74B +35.98% 37.77B +12.64% 30.09B +50.87% 28.45B +26.88% 25.7B +2.32% 22.11B
Other Property & Casualty Insurance
+951% of historical performance
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