Coronation Insurance (WAPIC) on Friday published its first quarter report for the period ended 31 March 2021.
The underwriting firm reported Gross Premium Written of N5.23 billion, up by 27.25% from N4.11 billion reported in Q1 2020.
Profit after tax grew by 79.44% to N648.242 million from N361.255 million reported in Q1 2020.
Earnings per share (EPS) for the period under review increased to 3 kobo from the EPS of 2 kobo in Q1 2020.
At the share price of N0.54, the P.E ratio of Coronation Insurance stands at 19.99x with earnings yield of 5%.