Continental Reinsurance Plc is once again confirming its growth momentum reporting a gross earning N19.3billion which is 27% higher than N15.2billion reported in same period 2017.
The company’s profit after tax for the period under review stood at N2.4billion which is marginally 4% above the N2.3billion reported last same period.
The Underwriter’s shareholders’ earnings per share of 23 kobo for the period under review when compared to 22kobo reported for the comparative period of 2017, it represents a 4% increase for the corresponding period.
As at when computed at a price of N1.59, Continental Reinsurance’s PE Ratio stood at 6.8x with about 14.7% earnings yield.
Continental Reinsurance PLC provides reinsurance services. The Company offers fire, marine & aviation, bond, auto, engineering, general accident, and life reinsurance services.