BUSINESS

Sunu Assurances Records 75.21% Profit Drop In Q3 2021

 

Sunu Assurances Nigeria Plc, formerly (Equity Assurance Plc) an insurance company offering non-life insurance for the domestic and corporate sectors as well as asset management and health management services  has released its interim financial statements September 30, 2021 with 28.9% drop in group profit for the nine months period to N140.990 million from N198.296 million in 2020.

Group profit for three months ended September 30, 2021 dropped by 75.21% to N196.005 million from N790.742 million in Q3 2020.

Gross premium written for nine months rose to N5.144 billion from N3.390 billion in 2020, while the figure for three months rose to N1.426 billion from N980.536 million in Q3 2020.

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