2018 Full Year: Continental Reinsurance declares 15% Revenue boost

Continental Reinsurance PLC in its 2018 full year financial results submitted and released to the public by the regulatory body, Nigeria Stock Exchange on March 19, 2019 showed that The Insurance Company PAT grew by 34.48% from N2.4 billion of 2017 to settle at N3.3 billion in the current year under review.

The company’s financial results also disclosed a 15.21% rise in topline figure of N29.673 billion recorded in the same period the previous year to N34.185 billion of 2018.

The earnings per share also rose by 34.48% from 0.24kobo recorded in 2017 to 0.32kobo of the current period.

The current period’s PE Ratio as computed stands at 5.96x and the earnings yield at 16.77%.

The management of the Company that provides reinsurance services to include fire, marine & aviation, bond, auto, engineering, general accident, and life reinsurance services  paid 14 kobo per 50 kobo ordinary share to the shareholders in 2017 audited report but at the time of this computation has not released any information concerning what the shareholders will get as returns on their equity investment (Dividend) in the company for the year ended 31/12/2018.

 

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