Guinea Insurance Plc Returns to Profit After Loss in HY 2025
Guinea Insurance Plc reported a loss of N114.7 million in the first half of 2025, a significant decline from the profit of N251 million in 2024. The insurer had faced a profit drought but returned to profitability after two years.
Guinea Insurance's loss was attributed to various factors, leading to concerns among shareholders. The company is now planning to issue new ordinary shares to shore up its capital base.
Despite the recent loss, Guinea Insurance aims to regain stability and growth following a challenging period of consecutive losses.
Plus234Feed summary based on reporting from The Will. Read the original report below.
Read full article
Continue on The Will
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
H1: No Respite as Insurance Companies Declare 43.8% Drop in Profit
Mutual Benefit Grows Profit by 92%, Declares Dividend
Insurance Sector Leads Broad-Based Sell-Off As Stock Market Ends Week Negative
Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1
UBA Reports N388.4 Billion Pre-Tax Profit in H1 2025, Despite Challenges
H1: Africa Prudential Records 75% PBT Growth, N41.35bn Assets
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
