Great Nigeria insurance posts 21% fall in profit for q2

Sakiru Oyefeso

Great Nigeria Insurance plc in its financial report for q2 2017 reported 21% fall in profit to NGN399.1 million in contrast to NGN510.5 million in the same period 2016.

The insurance company said its gross premium earned was NGN1.8 billion against NGN1.8 billion in the previous year while net premium earned was NGN1.6 billion in contrast to NGN1.5 billion in the year 2016.

Total assets for the period was NGN4.6 billion against NGN4.7 billion in the year before while total liabilities was NGN2.3 billion versus NGN2.3 billion in the year before.