Universal Insurance Plc announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced operating income was NGN 386.178 million compared to NGN 61.438 million a year ago. Net income was NGN 369.572 million compared to NGN 47.000 million a year ago. Basic earnings per share was NGN 0.0231 compared to NGN 0.0029 a year ago.