• Business - Companies
  • Updated: August 16, 2022

H1 2022: Linkage Assurance Records N1.5 Billion Profit

H1 2022: Linkage Assurance Records N1.5 Billion Profit

For the half year ended 30th June 2022, Linkage Assurance Plc has recorded a profit before tax (PBT) of N1.465 billion, emerging from a loss position of -N2.111 billion in the corresponding period of last year.

The company's profit after tax also increased to N1.392 billion from a N2.090 billion loss same period in 2021.

The company recorded a gross premium written of N8.303 billion in the review period from N6.952 billion in the previous year.

During the review period, the company also recorded a net underwriting income of N3.515 billion from N2.703 billion in 2021, while the underwriting profit stood at N231.28 million from a loss position of N1.027 billion.

Speaking  with the company's shareholders during the Annual  General Meeting held in Lagos, Daniel Braie, the Managing Director/CEO of the company said the management is doing everything possible to turn the clock, by ensuring that its underwriting and risks management strategies are adequately deployed to ensure a healthy and stronger bottom line at year end.

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