|
|
5-day change | 1st Jan Change | ||
|
0.29 |
0.00% |
|
+7.41% |
+45.00% |
Official GUINEA INSURANCE PLC press release
December 30, 2023 at 04:25 am EST
GUINEA INSURANCE PLC
FORECAST STATEMENT OF CASH FLOWS FOR THE 1ST QUARTER ENDING MARCH 31, 2024
Operating activities:
|
Premium received |
1,020,000 |
|
Commission received |
53,550 |
|
Commission paid |
(153,000) |
|
Maintenance cost |
(46,755) |
|
Reinsurance premium paid |
(153,000) |
|
Gross claim paid |
(215,628) |
|
Reinsurance recoveries |
76,988 |
|
Payments to employees |
(192,682) |
|
Other operating expenses |
(284,184) |
|
Other income received |
– |
|
Tax paid |
(5,000) |
|
Net cash flow from operating activities |
100,289 |
|
Investing activities: |
|
|
Investment income received |
123,811 |
|
Purchase of intangible assets |
0 |
|
Purchase of property and equipment |
(20,111) |
|
Proceed from sale of property and equipment |
– |
|
Purchase of financial assets |
(45,900) |
|
Purchase of investment properties |
– |
|
Net cash flows from investing activities |
57,800 |
|
Financing activities: |
|
|
Deposit for shares |
|
|
Interest repayment on finance lease |
– |
|
principal repayment on finance lease |
– |
|
New alloted shaares |
– |
|
Net cash flows from financing activities |
– |
|
Net increase in cash and cash equivalents |
|
|
158,089 |
|
|
Effect of exchange rate changes on cash and cash |
|
|
equivalent |
|
|
Cash and cash equivalents at 1 January |
547,344 |
|
Cash and cash equivalents at 31 December, 2024 |
705,433 |
ED, FINANCE & ADMIN
GUINEA INSURANCE PLC
FORECAST INCOME STATEMENT FOR THE 1ST QUARTER
ENDING 31ST MARCH, 2023
Gross premium written
Changes in unearned premuim
Gross premium income
Reinsurance expenses
Net premium income
Fees and commission income on reinsurance
Net underwriting Income
Claims expenses
Underwriting expenses
Underwriting profit
TOTAL
=N=’ 000
1,020,000
(102,000)
918,000
(153,000)
765,000
57,863
822,863
(142,953)
(158,168)
521,742
|
Investment Income |
123,811 |
|
Fair value gains on investment properties |
– |
|
Other operating income/(loss) |
– |
|
Impairment (charge)/reversal |
– |
|
Finance cost |
– |
|
Other operating expenses |
(404,265) |
|
Profit/(Loss) before taxation |
241,288 |
|
Income tax (expense)/credit |
(1,275) |
|
Profit/(Loss) after taxation |
240,013 |
Attachments
Original Link
Original Document
Permalink
Disclaimer
Guinea Insurance plc published this content on 30 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 December 2023 09:24:40 UTC.
| Guinea Insurance Plc announced that it expects to receive NGN 901.4 million in funding | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the Half Year Ended June 30, 2023 | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the First Quarter Ended March 31, 2023 | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the Full Year Ended December 31, 2022 | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the Full Year Ended December 31, 2022 | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the Nine Months Ended September 30, 2022 | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the Half Year Ended June 30, 2022 | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the First Quarter Ended March 31, 2022 | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the Full Year Ended December 31, 2021 | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the Fourth Quarter Ended December 31, 2021 | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021 | CI |
|
| Guinea Insurance plc Reports Earnings Results for the Half Year Ended June 30, 2021 | CI |
|
| Guinea Insurance Plc Reports Earnings Results for the First quarter Ended March 31, 2021 | CI |
|
| Guinea Insurance plc Reports Earnings Results for the Full Year Ended December 31, 2020 | CI |
|
| Guinea Insurance plc Reports Earnings Results for the Nine Months Ended September 30, 2020 | CI |
|
| Guinea Insurance plc Reports Earnings Results for the Half Year Ended June 30, 2020 | CI |
|
| Guinea Insurance plc Reports Earnings Results for the Full Year Ended December 31, 2019 | CI |
|
| Guinea Insurance plc Reports Earnings Results for the Nine Months Ended September 30, 2019 | CI |
|
| Guinea Insurance plc Reports Earnings Results for the Full Year Ended December 31, 2018 | CI |
|
| Guinea Insurance plc Announces Management Changes | CI |
|
| Guinea Insurance Appoints Babatunde Oshadiya as Managing Director, Chief Executive Officer | CI |
|
| Guinea Insurance Plc Auditor Raises ‘Going Concern’ Doubt | CI |
|
| Guinea Insurance Plc Auditor Raises ‘Going Concern’ Doubt | CI |
|
| Guinea Insurance Plc Auditor Raises ‘Going Concern’ Doubt | CI |
More charts
Guinea Insurance is a non-life insurance group organized around 4 areas of activity:
- accident insurance (42.8% of gross written premiums);
- fire insurance (25.2%);
- motor insurance (27.3%);
- marine and aviation insurances (4.7%).
More about the company
