Zenith General Insurance’s Profit Before Tax Rises By 16% TO N3.67bn

Zenith General Insurance

Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn while profit after tax rose by 10% up from N2.79bn to N3.06bn. The company also maintained a robust balance sheet closing the year with total assets of N40.1bn and a shareholders’ fund of N25.9bn. Gross premium grew by 17% year-on-year from N13.7bn to N16.1bn, while there was a 46% growth…

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