CERTIFICATION OF THE EARNINGS FORECAST OF LINKAGE ASSURANCE PLC

FOR THE THIRD QUARTER ENDING 30 SEPTEMBER 2023

Pursuant to Section 64 of the Investments and Securities Act, 2007, we hereby certify that we have reviewed the Earnings Forecast of Linkage Assurance PLC for the Third Quarter Ending 30 September 2023 and the underlying assumptions.

We confirm our satisfaction with the Earnings Forecast for the Third Quarter Ending 30 September 2023 and the underlying assumptions.

_________________________

________________________

Emmanuel Otitolaiye

Mr. Daniel Braie

Chief Financial Officer

Managing Director/ CEO

FRC/2014/ICAN/00000008524

FRC/2018/CIIN/00000018082

COMPANY: LINKAGE ASSURANCE PLC

FOURTH QUARTER ENDING 30 SETEMBER, 2023

EARNINGS FORECAST

PROFIT AND LOSS ACCOUNT INFORMATION & CASHFLOW

Company

N'000

Gross Premium Written

3,316,200

Net Earned Premium

1,974,656

Net Claims Incurred

666,361

Investment Income

1,722,895

Commission Income

321,918

Net Operating Income

3,353,108

Underwriting & Management Expenses

2,033,267

Profit/Loss Before Tax

1,319,841

Forecast Taxation

65,992

Profit/Loss After Tax

1,253,849

Cash From Operating Activities

563,754

Operating Cashflow Before Working Capital Changes

464,268

Net Cash Generated From Operating Activities

331,620

CashFlow From Investing Activities

265,296

CashFlow From Financing Activities

182,391

Net Increase (Decrease) In Cash & Cash Equivalents

1,807,329

Cash/Bank Balance at the Beginning of the Period

4,236,501

Cash/Bank Balance at the End of the Period

6,043,830

Emmanuel Otitolaiye

Mr. Daniel Braie

Chief Financial Officer

Managing Director/CEO

FRC/2014/ICAN/00000008524

FRC/2018/CIIN/00000018082

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Linkage Assurance plc published this content on 09 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2023 07:53:06 UTC.