INTERNATIONAL ENERGY INSURANCE PLC INTERNATIONAL ENERGY INSURANCE PLC QUARTERLY PROFIT FORECAST 3rd Quarter 2022
Quarter Ending: | Q3 2022 | |
N'000 | ||
Gross Premium Written | 546,375 | |
Changes in Unexpired Risk | (55,582) | |
Gross Premium Income | 490,793 | |
Reinsurance cost | (65,565) | |
Net premium earned | 425,228 | |
Commission earned | 7,549 | |
Underwriting income | 432,778 | |
Claims Incurred | (128,286) | |
Acquisition Cost (Commission Expense) | (25,041) | |
Maintenance Expenses | (111,896) | |
Underwriting profit | 167,554 | |
Management expenses | (325,003) | |
Operating (Loss)/profit | (157,449) | |
Interest and investment income | 24,782 | |
Fair Value gain/(loss) on investment | 12,615 | |
Other Income | 2,590 | |
(117,461) | ||
Finance cost | - | |
Profit/(loss) before taxation | (117,461) | |
Taxation | (5,873) | |
Profit/(loss) after taxation | (123,334) | |
Transfer to contigency reserves | (16,391) | |
Loss for the period | (139,726) |
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International Energy Insurance plc published this content on 01 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2022 12:11:12 UTC.
