STACO INSURANCE PLC STACO INSURANCE PLC | |
Quarter: | 4TH QUARTER |
From: | OCTOBER 2023 |
To: | DECEMBER 2023 |
Turnover/ Direct Premium Written | 354,999.99 |
Outward Re-insurance | (42,600.00) |
Net Premium Written | 312,399.99 |
Provision for unexpired risks | (28,400.00) |
Commission Earned | 8,520.00 |
Total Premium Income | 292,519.99 |
Net Claims incurred | (34,207.80) |
Acquisition cost | (60,350.00) |
Underwriting Profit | 197,962.19 |
Operating and Administration expenses | (134,316.10) |
Investment Income | 10,832.15 |
Other net income and similar charges | 3,000.00 |
Profit/Loss Before Tax | 77,478.24 |
Forecast Taxation | (23,243.47) |
Profit/Loss After Tax | 54,234.77 |
Net cash flow generated from operating activities | |
71,802.62 | |
Net cash flow from investing activities | (4,167.85) |
Net cash flow from financing activities | (18,000.00) |
Net increase in cash and cash equivalents | 49,634.77 |
Cash and cash equivalents at the beginning of the year | 133,356.12 |
Cash and cash equivalents at the end of the year | 182,990.89 |
Prepared By: | ADEBOWALE AJAYI |
Position: | CHIEF FINANCIAL OFFICER |
Remarks: |
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Staco Insurance plc published this content on 11 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2023 18:44:08 UTC.
