NEM Insurance on Wednesday released its fourth quarter result for the period ended December 31, 2019.
In its unaudited financial report, the underwriting firm posted a profit after tax (PAT) of N3.52 billion, up by 73.99% when compared to the PAT of N2.02 billion recorded in the corresponding period in 2018.
Gross Premiums Written grew by 30.75% to settle at N19.68 billion away from N15.05 billion recorded in the fourth quarter of 2018.
For the period under review, the Earnings Per Share (EPS) of NEM Insurance stands at N0.67, up by 73.99% from the previous EPS of N0.38.
With reference to the share price of N2.20, the P.E ratio of the firm stands at 3.30x with earnings yield of 30.26%.