Universal Insurance Plc's Profit Surges 388% on Investment and Premium Growth
Universal Insurance Plc reported a significant 388% increase in pre-tax profit to N1.13 billion in the nine months ending September 2025, compared to the same period in 2024. The company's profit after tax also rose by 388% to N1.13 billion.
This growth was driven by improved investment income, underwriting performance, and a 51% expansion in gross written premiums. Universal Insurance's financial results showcased a strong recovery in its core insurance operations, with a notable increase in insurance revenue and a reduction in administrative expenses.
The company's total assets, shareholder funds, and net insurance investment results also demonstrated positive growth, reflecting a solid financial performance.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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