WorldStage Newsonline– Linkage Assurance Plc has released its unaudited financial statements for the nine period ended 30 September 2023 with 63% growth in profit after taxation to N3.405 billion from N2.084 billion in the same period in 2022
Gross premium written also grew by 21% to N12.9 billion as at Aug 2023 from N10.7 billion recorded in prior year comparative.
The Company posted an underwriting profit of N610 million on account of
growth in premium revenue.
Profit before tax (PBT) stood at N3.6 billion as at Sep 2023 against N2.2 billion in the prior period.
The company said investment and other operating income was buoyed by dividend income of N1.5 billion received from Stanbic IBTC Pension Managers Ltd; Sundry income of N333 million received from NDIC inrespect of share subscription; and foreign exchange gain of N1.7 billion
