Universal Insurance Achieves 388% Profit Growth in 2025 Financial Report
Universal Insurance PLC in Nigeria has achieved remarkable growth in profit, with a 388% increase in profit after tax for the first three quarters of 2025 compared to the same period in 2024. The company's gross premium, insurance revenue, and net insurance investment results have all shown substantial growth.
This growth was attributed to improved investment performance, a rebound in investment fair value income, and gains in asset valuation. Additionally, the company's cost efficiency improved significantly, leading to a rise in total assets and shareholder funds.
The Managing Director, Mr. Japheth Duru, highlighted the positive impact of these financial results on the company's overall performance.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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