Sovereign Trust Insurance Boosts Profit By 42% In 2021

Sovereign Trust Insurance Plc has announced its result for the year ended December 2021 with 42% growth in profit after tax to N974 million from N687 million in 2020.

Gross premium written also rose by 14% to N12.7 billion from N11.1 billion 2020.

Managing Director of the company, Mr Olaotan Soyinka said the company was committed to meeting and surpassing the expectations and aspirations of its shareholders and stakeholders alike.

“These performance levels are a confirmation of the management’s determination to effectively and strategically position the company as one of the leading insurance companies in the country.”

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