Universal Insurance Plc's Profit Surges 388% on Investment and Premium Growth

Universal Insurance Plc (NGX: UNIVINSURE) 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.