Linkage Assurance Plc has recorded a 16 percent growth in Profit After Tax (PAT) for the half year unaudited financial statement ended 30th June 2019. The figure rose from N439.77 million in the half year period of 2018 to N572.76 million in the same period in 2019.
According to the financial statement made available to the Nigerian Stock Exchange (NSE), Linkage during the period under review posted a Gross Premium Written (GPW) income of N4.130 billion as against N3.650 billion the previous year.
With efficient risk management, the underwriter during the period returned to profitability in underwriting performance, posting a 176percent increase, as the figure moved from negative N367.11 million in 2018 to positive N296.06 million.
Linkage Assurance total assets also grew by 8 percent, moving from N23.146 billion to N24.869 billion at the end of June 2019.
