STACO INSURANCE PLC | |
Quarter: | 3RD QUARTER |
From: | JULY 2025 |
To: | SEPTEMBER 2025 |
N'000 | |
Turnover/ Direct Premium Written | 742,891 |
Outward Re-insurance | (66,647) |
Net Premium Written | 676,244 |
Provision for unexpired risks | 57,597 |
Commission Earned | 19,994 |
Total Premium Income | 753,835 |
Net Claims incurred | (110,953) |
Acquisition cost | (127,484) |
Underwriting Profit | 515,398 |
Operating and Administration expenses | (408,191) |
Investment Income | 143,544 |
Other net income and similar charges | 1,500 |
Profit/Loss Before Tax | 252,251 |
Forecast Taxation | (75,675) |
Profit/Loss After Tax | 176,575 |
Net cash flow generated from operating activities | 113,974 |
Net cash flow from investing activities | (74,740) |
Net cash flow from financing activities | - |
Net increase in cash and cash equivalents | 39,234 |
Cash and cash equivalents at the beginning of the year | 1,657,930 |
Cash and cash equivalents at the end of the year | 1,697,164 |
Prepared By: | OLUYEMISI AFOLABI |
Remarks |