Sunu Assurances Forecasts N3.81bn Gross Written Premium For Q3 2021
Sunu Assurances Nigeria Plc has released its earnings forecast for the third quarter of 2021 with gross written premium projected at N3.81 billion, representing 86.79% of the full-year projection and a 42.12% growth over N2.68 billion generated in the same period of 2020.
However, the profit after tax projection of N168.597 million was 8.58% lower than N184.425 million projected for Q2.
According to the firm, gross claims incurred relating to 2021 businesses were projected based on 5 years average loss ratio.
Investment income arising from the placement with banks and fixed interest Government securities was projected at an average of 5% per annum. It has been reported that Sunu Assurances earnings forecast for the second quarter of 2021 with gross written premium projected at N2.74 billion representing 62.41% of the full-year budget.
SUNU Assurances Nigeria Plc., a member of SUNU Group has the vision to be a leading African Insurance Company. It is on a mission to be an insurance company recognized for excellent client services, using cutting edge technology, a motivated workforce and good business ethics to meet stakeholders’ expectations. This is being driven by innovative service delivery, products development, cost management, customers experience and ensuring proper balance in all dealings.
