Sovereign Trust Forecasts N12.6bn Gross Premium Written For Q4 2021
MD/CEO, Mr Olaitan Soyinka
Sovereign Trust Insurance Plc, one of the frontline underwriting firms in Nigeria’s insurance sector has released its profit forecast for the fourth quarter 2021 with total gross premium written put at N12.6 billion compared with to N5.3 billion in Q1 2021.
Profit before tax was estimated at N1.273 billion in Q4.
Sovereign Trust Insurance Plc commenced business in January 1995 following the restructuring and recapitalization of the then Grand Union assurances Limited.
The Company operate currently through a network of branches Nationwide with Head Office on 17, Adetokunbo Ademola Street, VI, Lagos. The company is licensed as an insurer by the Federal Government with authority to underwrite all Classes of Non-Life business. Currently our authorized share capital is N5.25Billion divided into 10.5 billion units of 50 kobo per share.
Sovereign Trust have a fully paid-up capital and Shareholders’ funds of over N3.4 Billion. The ownership of the company is made up of diverse shareholders from different walks of life.
