*Net claims during the quarter rose from N9.2 billion to N11.1 billion during the quarter
*Underwriting expenses N13.9 billion (2021 Q3: N16.5 billion)
*Pre-tax profits N1.3 billion compared to N880.7 million losses
*YTD earnings per share of 17 kobo is higher than 9 kobo reported a year earlier.
Guaranty Trust Holding Plc has released its unaudited consolidated and separate financial statements for the third quarter period that ended September 30, 2022.
The report shows that the bank grew its third-quarter pre-tax profit to N66.4 billion up by 12.93% when compared to the corresponding quarter of 2021 where it posted N58.8 billion.
The company’s profits were boosted by strong revenue growth during the quarter which saw the bank grow net interest income from N55.8 billion to N66.8 billion.
Income from commissions and fees also rose from N14.9 billion to N18.8 billion during the quarter.
GTB earnings per share for the quarter rose from N1.78 per share to N1.88 per share.
AIICO rides on higher premium to report N1.3 billion profit in 3rd quarter
AIICO Insurance Plc reported a net premium income of N18.3 billion representing a 32.7% increase when compared to the N13.79 billion reported in the corresponding quarter last year.
