Niger Insurance Says Pretax Profit Declines 86.5% in 2016 FYE

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July 3, 2017 By Kingsley Ogunwa InvestAdvocate

Click here to download Niger Insurance Plc Annual Report and Audited Financial Statement for the Year Ended December 31, 2016

Lagos (INVESTADVOCATE)-Insurer, Niger Insurance Plc said its pretax profit for the epriod ended December 31, 2016 declined 86.5 percent to N99 million from N736 million recorded a year ago.

Post-tax profit for the also dipped 93 percent to N42 million from N600 million reported the same period of 2015.

While gross premium income fell from N10.6 billion in 2015 end to N5.1 billion in the review period of 2016; indicating a drop of 53 percent.

 

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