Sunu Assurances Nigeria PLC 2020 Annual Report
The report outlines the audited financial statements of Sunu Assurances Nigeria PLC and its subsidiaries for the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the group achieved a 37.5% increase in gross written premium and a significant turnaround to a profit before tax of N313.4 million compared to a loss in 2019. The company also successfully completed a share reconstruction and converted bondholders' debt to equity via private placement. Additionally, the company contributed to COVID-19 relief efforts through medical equipment donations and industry support.
Company: Sunu Assurances Nigeria PLC
Sector: Finance & insurance
Country: Nigeria
Year: 2020
Type: Annual Report
Pages: 115
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Sunu Assurances Nigeria PLC
Audited Financial Statements
The report outlines the audited financial statements of Sunu Assurances Nigeria PLC and its subsidiaries for the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the group achieved a 37.5% increase in gross written premium and a significant turnaround to a profit before tax of N313.4 million compared to a loss in 2019. The company also successfully completed a share reconstruction and converted bondholders' debt to equity via private placement. Additionally, the company contributed to COVID-19 relief efforts through medical equipment donations and industry support.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report
Language
English
Pages
File Size
Standards & Assurance
No data available
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees