The company, in a statement to the Nigerian Exchange Limited, NGX, and shareholders on the unaudited result for the second quarter ended 30th June 2022 recorded a profit before tax (PBT) of N1.465 billion, emerging from a loss position of -N2.111 billion in the corresponding period of last year.

Profit after tax also increased to N1.392 billion from N2.090 billion loss same period in 2021.

The company recorded a gross premium written of N8.303 billion in the review period from N6.952 billion in the previous year.

Managing Director/CEO of the company, Mr. Daniel Braie, told shareholders during the Annual General Meeting in Lagos that management was doing all it can to turn the clock, by ensuring that its underwriting and risks management strategies were adequately deployed to ensure a healthy and stronger bottom line at year end.