End-of-day quote
Nigerian S.E.
06:00:00 2024-06-27 pm EDT
5-day change
1st Jan Change
0.45
NGN
0.00%
0.00%
+7.14%
SOVEREIGN TRUST INSURANCE : EARNINGFORCAST
December 29, 2023 at 08:04 am EST
SOVEREIGN TRUST INSURANCE PLC
PROFIT FORECAST FOR THE FIRST QUARTER 2024
PREMIUM INCOME
N'000
CLASS OF BUSINESS
MOTOR
2,589,833
FIRE
1,973,206
MARINE
1,374,797
GENERAL ACCIDENT
1,603,230
CAR/ENGINEERING
2,589,833
ENERGY BUSINESS
2,048,765
GROSS PREMIUM WRITTEN
12,179,664
PROVISION FOR UNEXPIRED RISK
(296,100)
REINSURANCE EXPENSES
(4,721,272)
NET PREMIUM EARNED
7,162,292
COMMISSION INCOME
86,436
NET UNDERWRITING INCOME
7,248,728
CLAIMS EXPENSES
(2,469,600)
CHANGE IN IBNR
(195,136)
REINSURANCE CLAIMS RECOVERED
119,864
NET CLAIMS INCURRED
(2,349,736)
ACQUISITION EXPENSES
(2,048,530)
UNDERWRITING EXPENSES
(518,757)
TOTAL UNDERWRITING EXPENSES
(2,567,287)
UNDERWRITING PROFIT
2,331,706
INVESTMENT INCOME
340,562
INCOME TAXES
(162,162)
FINANCE COST
(107,714)
MANAGEMENT EXPENSES
(1,603,825)
PROFIT BEFORE TAX
798,566
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Disclaimer
Sovereign Trust Insurance plc published this content on 29 December 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 29 December 2023 13:03:40 UTC .
Sovereign Trust Insurance Plc Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
Jan. 30
CI
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Nov. 02
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Half Year Ended June 30, 2023
23-07-29
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the First Quarter Ended March 31, 2023
23-04-28
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
23-01-29
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Full Year Ended December 31, 2022
23-01-29
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
22-10-28
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
22-07-29
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the First Quarter Ended March 31, 2022
22-04-29
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Full Year Ended December 31, 2021
22-01-28
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2021
22-01-28
CI
Sovereign Trust Insurance Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
21-10-29
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Second Quarter Ended June 30, 2021
21-07-30
CI
Sovereign Trust Insurance plc Reports Earnings Results for the First Quarter Ended March 31, 2021
21-04-30
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Full Year Ended December 31, 2020
21-01-29
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Third Quarter Ended September 30, 2020
20-11-02
CI
Sovereign Trust Insurance plc Reports Earnings Results for the First Quarter Ended March 31, 2020
20-06-30
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
20-01-30
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Nine Months Ended September 30, 2019
19-10-29
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Second Quarter Ended June 30, 2019
19-07-29
CI
Sovereign Trust Insurance plc Reports Earnings Results for the First Quarter Ended March 31, 2019
19-04-30
CI
Sovereign Trust Insurance plc Reports Earnings Results for the Full Year Ended December 31, 2018
19-03-29
CI
Sovereign Trust To Acquire Life Insurance Operator
14-05-23
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.
+7.14% 4.23M +70.16% 73.2B +9.58% 49.27B +6.75% 46.56B +14.06% 42.14B +93.38% 35.24B +11.85% 29.72B +27.31% 25.36B +1.24% 21.53B +49.43% 21.1B
Other Property & Casualty Insurance
+951% of historical performance
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