International Energy Insurance Plc has released its long overdue First Quarter report for the period ended 31 March 2021.
Gross written premium of N167 million was reported for the 3 months period, up by 3.10% from N162 million.
Profit after tax improved significantly to N163.995 million from a loss after tax of N8 million reported the previous year.
Earnings per share of the Company for the period under review stands at 13 kobo from the negative EPS of 1 kobo achieved in Q1 2020.
At the share price of 38 kobo, the P/E ratio of International Energy Insurance stands at 2.98x with earnings yield of 33.61%.