WorldStage– Universal Insurance Plc has released its unaudited management accounts and consolidated financial statements for the period ended 30 June 2026 a profit after tax of ₦4.90 billion compared with ₦1.38 billion in 2025, when EPS stood at 8.61 kobo — representing a substantial year-on-year improvement.
The key highlights group results signed on behalf of the Board on 18 July 2026 by Chief Executive Officer Jeff Duru and Chief Finance Officer Ekeopara Doris include -Insurance Revenue: ₦8.83 billion (Company) / higher Group figures around ₦9.28 billion in comparative presentations; Insurance Service Result- ₦4.09 billion; Net Investment Income- ₦2.49 billion; Net Insurance and Investment Result- ₦6.21 billion; Profit Before Tax- ₦5.01 billion; and Basic & Diluted Earnings Per Share: 30.63 kobo
Statement of Financial Position as at 30 June 2026 (Group):Total Assets: ₦31.02 billion; Total Liabilities: ₦9.71 billion; Shareholders’ Funds: ₦21.31 billion; Issued and Paid Share Capital: ₦8.00 billion
Key asset components included financial assets (₦7.73 billion), investment properties (₦8.17 billion), property, plant and equipment (₦5.26 billion), reinsurance assets and cash balances.
The group’s solvency margin remained healthy at approximately ₦8.17 billion (Company) / higher Group figures.
The results reflect improved underwriting performance, stronger investment returns and effective cost management.
