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Nine Months Account Income statement dated 30 sept 2018 |
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N’000 |
Gross premium writtren |
27008578 |
net insurance premium income |
21965190 |
underwriting exp |
8902033 |
profit before tax |
2900347 |
income tax |
-783180 |
profit after tax |
2117167 |
Total compressive income/ (loss ) |
2100307 |
earnings per share ( Kobo) basic |
20 |
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Continental
Reinsurance Plc |
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STATEMENT OF Comprehensive Income For the first |
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quarter ended 31 March 2014 |
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31 March, |
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31 March, |
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% Change |
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2014 |
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2013 |
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=N='000 |
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=N='000 |
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Insurance Premium revenue |
4,079,508 |
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3,259,991 |
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25.14% |
Insurance Premium ceded to
retrocessionaires |
-428,672 |
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-385,740 |
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11.13% |
Net Insuranc Premium revenue |
3,650,836 |
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2,874,251 |
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27.02% |
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Insurance benefits |
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Insurance claims and loss adjustment
expenses |
1,856,888 |
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1,250,017 |
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48.55% |
Insurance claim and adjustment
expenses |
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recoverable from retrocessionaire |
-102,952 |
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-25,063 |
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310.77% |
Net Insurance benefits and claims |
1,753,936 |
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1,224,954 |
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43.18% |
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Underwriting Expense |
1,245,658 |
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1,014,503 |
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22.79% |
Insurance benefits and
Underwriting Expense |
2,999,594 |
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2,239,457 |
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33.94% |
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Underwriting Profit |
651,242 |
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634,794 |
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2.59% |
Net Interest Income |
243,334 |
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238,968 |
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1.83% |
Net
gains on financial assets designated at fair |
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value through profit or loss |
0 |
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0 |
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Other Income |
-30,682 |
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21,389 |
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-243.45% |
Administrative expenses |
-99,608 |
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-104,981 |
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-5.12% |
Impairment of financial assets |
0 |
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0 |
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Profit Before Taxation |
764,286 |
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790,170 |
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-3.28% |
income Tax Expense |
-157,482 |
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-158,034 |
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-0.35% |
Profit After Taxation |
606,804 |
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632,136 |
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-4.01% |
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Profit for the year |
606,804 |
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632,136 |
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-4.01% |
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Other Comprehensive income: |
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Net gains on On
available-for-sale financial assets |
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Net Unrealised gains/(losses) arising during the year |
0 |
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0 |
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Other Comprehensive income for
the year,net of tax |
0 |
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0 |
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Total comprehensive income
for the year |
606,804 |
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632,132 |
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-4.01% |
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Earning Per Share |
6 |
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6 |
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0.00% |
Basic (Kobo) |
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Source - NSE Website / Continental RE Plc |
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Q3 Income statement dated 30 sept 2018 |
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N’000 |
Gross premium writtren |
7756675 |
net insurance premium income |
6668868 |
underwriting exp |
2251926 |
profit before tax |
-1168020 |
income tax |
197343 |
profit after tax |
-970677 |
Total compressive income/ (loss ) |
-989459 |
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