National Insurance Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
National Insurance reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported gross premiums written of USD 17,779,989 against USD 13,677,304 a year ago. Earned insurance revenues were USD 14,150,243 against USD 11,750,238 a year ago. Net premium revenue was USD 12,069,142 against USD 9,104,094 a year ago. Net income before tax was USD 2,558,872 against USD 1,748,389 a year ago. Net income after tax was USD 1,849,618 against USD 1,597,499 a year ago. Basic and diluted earnings per share were USD 0.154 against USD 0.133 a year ago. Net cash outflow from operating activities was USD 73,874 against net cash inflow from operating activities of USD 257,478 a year ago. Purchase of property, plant and equipment was USD 148,148 against USD 68,980 a year ago.