SIC Insurance Company Limited Announces Unaudited Earnings Results for the Year Ended December 31, 2017
SIC Insurance Company Limited announced unaudited earnings results for the year ended December 31, 2017. For the year, the company reported net written premium of GHS 98,814,630 against GHS 94,706,531 a year ago. Profit before tax was GHS 14,600,204 against GHS 6,559,421 a year ago. Profit after tax was GHS 10,220,143 against GHS 5,414,983 a year ago. EPS was GHS 0.0522 against GHS 0.0277 a year ago. Net asset per share as at December 31, 2017 was GHS 0.5113 against GHS 0.4148 a year ago. Net cash generated from operating activities was GHS 4,967,922 against net cash used in operating activities of GHS 6,937,185 a year ago. Acquisition of property, plant and equipment was GHS 6,325,371 against GHS 2,199,378 a year ago.