Universal Insurance reports N2.96bn as turnover in Q3 2021

Universal Insurance recently published its third quarter result for the period ended 30 September 2021.

The underwriting firm reported a Gross Premium Written of N2.962 billion for the nine months period, down by 3.64% from N2.858 billion reported the previous year.

Profit after tax reported for the nine months period was N316 million, down by 22.40% from N407.24 million declared in Q3 2020.

Earnings per share for the period under review stands 2 kobo, down by 22.40% from the EPS of 3 kobo reported the previous year.

At the share price of 21 kobo, the P.E ratio of Universal Insurance stands at 10.63x with earnings yield of 9.41%.

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