• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, June 25, 2025
Bislad News
  • Login
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
Bislad News
No Result
View All Result

Sovereign Trust Insurance grosses N9.3bn in Q3 2018

by Bisi Bamishe
November 19, 2018
in Insurance
Sovereign Trust Insurance grosses N9.3bn in Q3 2018
Share this:

Sovereign Trust Insurance Plc has continued to make significant progress as its Gross Premium Written (GPW) in the third quarter of 2018 went up by 27 per cent above what was generated in the same period of 2017 with a sum of N2 billion from N7.3 billion to N9.3 billion.

A statement made by the firm’s Assistant General Manager, Corporate Communications & Brand Management, Segun Bankole, stated that the net premium rose from N3.5 billion to N4.1 billion in the third quarter of 2018, representing 17 per cent increase, total assets also increased by seven per cent in the quarter under review from N9.7 billion to N10.4 billion.

As expected of an Underwriting Firm that has generated more business than it did in the previous quarter of 2017, the claims expense of the company slightly increased by two per cent from N1.2 billion in Q3 of 2017 to N1.3 billion in the same quarter of 2018.

Consequently, the Profit before Tax deepened by 16 per cent from N716 million to N601 million in Q3 of 2018. There was a decline also in the Profit after Tax from N667m to N543 million representing a 19 per cent decrease in the quarter.

Read Also:

Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

NAICOM Hosts Gambia Central Bank Delegation For Strategic Knowledge Exchange

All said and done, Sovereign Trust Insurance Plc is really poised to ending the year on a very positive note going by the recent trend of its consistent growth rate.

It is almost certain that the Underwriting Firm will close the 2018 financial year on a 2- digit billion figure by all indication; a feat that will be considered historical for the more than 2 decades Firm that is yet to hit that mark.

No doubt, the company is very much on course in delighting its numerous shareholders across the nook and cranny of Nigeria and beyond.

Better days are indeed ahead.

Previous Post

Consolidated Hallmark Insurance holds EGM on November 28

Next Post

NAICOM Releases Guidelines For State Insurance Producer

Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

Related Posts

Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga
Insurance

Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

June 24, 2025
NAICOM Hosts Gambia Central Bank Delegation For Strategic Knowledge Exchange
Insurance

NAICOM Hosts Gambia Central Bank Delegation For Strategic Knowledge Exchange

June 23, 2025
IMT 4.0. Sets Stage For 2025 Edition, Names Former McKinsey Partner, Tech Innovator, Per Lagerström As Headline Speaker
Insurance

IMT 4.0. Sets Stage For 2025 Edition, Names Former McKinsey Partner, Tech Innovator, Per Lagerström As Headline Speaker

June 23, 2025
NAICOM and OHCSF Host Capacity Building Workshop On Group Life Assurance Policy
Insurance

NAICOM and OHCSF Host Capacity Building Workshop On Group Life Assurance Policy

June 19, 2025
Insurers Committee Launches  Nationwide Campaign For 3rd Party Motor lnsurance
Insurance

SUPERNEWS  Conference Holds ln Lagos Today.  

June 19, 2025
Insurers Committee Launches  Nationwide Campaign For 3rd Party Motor lnsurance
Insurance

Count Down To 2025.SUPERNEWS  Annual Confab, June 19

June 17, 2025
Next Post
ANOTHER MORNING AT NAICOM

NAICOM Releases Guidelines For State Insurance Producer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

NIMC Trains Corps Members For Nationwide NIN Ward Enrollment 

NIMC Trains Corps Members For Nationwide NIN Ward Enrollment 

5 hours ago
Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

6 hours ago
NAICOM Hosts Gambia Central Bank Delegation For Strategic Knowledge Exchange

NAICOM Hosts Gambia Central Bank Delegation For Strategic Knowledge Exchange

1 day ago
IMT 4.0. Sets Stage For 2025 Edition, Names Former McKinsey Partner, Tech Innovator, Per Lagerström As Headline Speaker

IMT 4.0. Sets Stage For 2025 Edition, Names Former McKinsey Partner, Tech Innovator, Per Lagerström As Headline Speaker

1 day ago

Bisladnews.com is an online publication of Bislad Communication Network Company. It is a news platform dedicated to providing top news.

Follow Us

Browse by Category

  • Back in the days
  • Business
  • Features
  • Insurance
  • Interview
  • News
  • Opinion
  • Paper Presentation
  • Pension
  • Photo Gallery
  • Politics
  • Sports
  • Uncategorized

Recent News

NIMC Trains Corps Members For Nationwide NIN Ward Enrollment 

NIMC Trains Corps Members For Nationwide NIN Ward Enrollment 

June 24, 2025
Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

Artificial Intelligence, Catalyst For Transformation In Financial Services — Kwairanga

June 24, 2025
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In