The Universal Insurance Plc, has recorded a total underwriting income of N4.3 billion in Q4, of 2022, compared to N2.8billion reported in the previous year, indicating 51.9 percent growth.
Profit After Tax, PAT, also appreciated from N376.97 million reported in 2021 to N525.32 million year on year, indicating a growth 39.36 per cent.
In its fourth quarter account for the period ended 31 December 2022, the firm records a gross premium written of N5.67 billion for the 12 months period, up by 53.06 per cent from N3.7 billion reported in 2021.
According to notice filed to the Nigerian Exchange Group and signed by the managing Director/ CEO, Mr. Benedict Ujoatuonu, the company also said Profit Before Tax, PBT, grew by 26.31 per cent to N530.680million from N391.043 million reported in the previous year.
The insurer’s share price of 20 kobo while earnings per share for the period under review stood at 3 kobo.