Guinea Insurance Plc is one of the few insurance companies that recorded a profit after tax of N248.4 million between October and December 31, 2025, as shown in its unaudited financial statements filed with the Nigerian Exchange Limited (NGX).
News.ng reports that the insurance firm’s earnings per share fell to N3.00 in 2025 from N11.79 in the same period of 2024.
The financial statements were endorsed by the Managing Director/CEO, Ademola Abidogun, and the Executive Director, Finance, Pius Edobor, on Tuesday.
According to the statements, gross written premium increased slightly to N2.93 billion between October and December 2025 from N2.82 billion recorded in the same period of 2024.
However, insurance service expenses rose marginally from N2.17 billion in 2024 to N2.35 billion in 2025, driven by higher claims and operating costs.
In terms of investment and net insurance income, there was a sharp decline to N743 million in the last quarter of 2025 from N2.22 billion in the same period of 2024.
Total assets increased to N7.14 billion during the period in 2025 from N6.95 billion, while shareholders’ funds rose from N5.22 billion to N5.58 billion.
Total comprehensive income for the last quarter of 2025 stood at N341.6 million, compared with N1.72 billion in the corresponding period of 2024.
On the investment side, a total of N164.8 million was generated, while N95 million was earned from investment properties.
