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

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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.