WorldStage Newsonline– Universal Insurance Plc, a major player in Nigeria’s insurance sector has released its statements of comprehensive income for the period ended 30 Sept ember 2020 with a decline in gross premium written to N539.928 million in Q3 2020 from N596.436 million in 2019. However, gross premium written for nine months rose to N2.858 billion from N1.541 billion in 2019.
Profit after taxation dropped sharply by 70.28% to N35.941 million in Q3 2020 from N120.917 million in 2019.
Profit for the nine months was stronger at N407.241 million, a 348.93% improvement over N 90.713 million in nine months 2019.
