Insurance

Guinea Insurance reports N1.42bn revenue growth

Published

4 months ago

July 23, 2025

Amina Ahmed

Guinea Insurance says it generated N1.42 billion revenue growth in the first half of 2025, representing 12.38 per cent increase from N1.27 billion recorded in the same period of 2024.

The company announced this through a corporate disclosure through the Nigerian Exchange Ltd.

Profit after tax for the six months period declined by 198.95 per cent to a loss of N114.7 million from a gain N115.9 million reported the previous year.

The company’s total asset grew from N5.704 billion in the first half of 2024 to N6.97 billion in 2025.

Total liabilities stood at N1.86 billion, down from N1.85 billion in June 2024

Earnings per share (EPS) of the company dropped to 1.44 kobo from the EPS of 1.46 kobo reported same period last year.

N278.07 million was generated as investment income.

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Amina Ahmed

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