CERTIFICATION OF THE EARNINGS FORECAST OF LINKAGE ASSURANCE PLC
FOR THE FIRST QUARTER ENDING 31 MARCH 2024
Pursuant to Section 64 of the Investments and Securities Act, 2007, we hereby certify that we have reviewed the Earnings Forecast of Linkage Assurance PLC for the First Quarter Ending 31 March 2024 and the underlying assumptions.
We confirm our satisfaction with the Earnings Forecast for the First Quarter Ending 31 March 2024 and the underlying assumptions.
_________________________
________________________
Emmanuel Otitolaiye
Mr. Daniel Braie
Chief Financial Officer
Managing Director/ CEO
FRC/2014/ICAN/00000008524
FRC/2018/CIIN/00000018082
COMPANY: LINKAGE ASSURANCE PLC
FIRST QUARTER ENDING 31 MARCH, 2024
EARNINGS FORECAST
PROFIT AND LOSS ACCOUNT INFORMATION & CASHFLOW
Company
N'000
Gross Premium Written
4,496,371
Net Earned Premium
1,842,660
Net Claims Incurred
909,677
Investment Income
816,322
Commission Income
209,135
Net Operating Income
1,958,441
Underwriting & Management Expenses
1,564,003
Profit/Loss Before Tax
394,438
Forecast Taxation
19,722
Profit/Loss After Tax
374,716
Cash From Operating Activities
764,383
Operating Cashflow Before Working Capital Changes
629,492
Net Cash Generated From Operating Activities
449,637
Cash Flow from Investing Activities
359,710
Cash Flow from Financing Activities
247,300
Net Increase (Decrease) In Cash & Cash Equivalents
89,927
Cash/Bank Balance at the Beginning of the Period
2,937,604
Cash/Bank Balance at the End of the Period
3,027,531
Emmanuel Otitolaiye
Mr. Daniel Braie
Chief Financial Officer
Managing Director/CEO
FRC/2014/ICAN/00000008524
FRC/2018/CIIN/00000018082
Attachments
Original Link
Original Document
Permalink
Disclaimer
Linkage Assurance plc published this content on 08 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2023 13:19:24 UTC.
Linkage Assurance Plc is a non-life insurance group organized around 9 areas of activity:
- energy insurance (35.1% of gross written premiums);
- auto insurance (19.5%);
- fire insurance (18%);
- accident insurance (9.2%);
- marine insurance (8.2%);
- aviation insurance (5.5%);
- engineering insurance (4%);
- agricultural insurance (0.4%);
- bond insurance (0.1%).