Saham Unitrust posts N2.486bn premium growth in 2017

Saham Unitrust Insurance Nigeria Limited has recorded an increase in gross written premium by 28 per cent from N1.92bn in 2016 to N2.486bn in 2017 financial period, its financial statement showed.

The firm’s 2017 audited financial statement which was approved by the National Insurance Commission indicated that its gross premium income also rose by 11 percent from N2.08bn in 2016 to N2.3bn in the year under review.

The company’s account also showed that its profit after tax stood at N425.44m in 2017 from N786.9m in 2016 financial period.

Its total asset rose from N11.54bn in 2016 to N12.75bn in 2017 period, while its total liabilities were N4.9bn from N4.02bn the period under review.

Dailytrust