Veritas Kapital Assurance Plc recently published its Audited Financial Statement for the year ended 31 December 2023. The result shows significant growth in the Company’s top line and bottom line figures.
The underwriting firm reported Gross Premium written of N7.563 billion for the 12 months period, up by 61.95%, from N4.67 billion reported the previous year.
Profit after tax grew by 286.4% to N2.75 billion from N712 million achieved in FY 2022.
Earnings per share of the Group stands at 20 kobo.
At the share price of N0.59, the P/E ratio of Veritas Kapital Assurance stands at 2.97x with earnings yield of 33.62%