Enterprise Insurance grows assets to GHS 513m; records GHS 32m as profit
Enterprise Insurance for the 2021 review year grew its profit-after-tax to GHS 32m.
The insurer’s profit-after-tax marks an increase of GHS 7m when compared to the GHS 25m profit-after-tax recorded for same period last year.
A perusal of the insurer’s 2021 Financial Statement revealed the witnessed growth in its profit-after-tax was mainly on the account of increments in its net income which stood at GHS 70m in 2021 from the previous figure of GHS 54m in 2020.
Based on the profit made for 2021, earnings per share for 2021 amounts to GHS 0.18 pesewas.
The insurer’s total assets value for the review period, increased by GHS 24m.
Total assets value of Enterprise Insurance at end-December 31, 2021, stood at GHS 513m from the previous total assets value of GHS 488m recorded at end-December 31, 2020.
Driving the insurer’s total assets value for the review period were deferred tax assets which grew from GHS 286m in 2020 to GHS 317m in 2021 as well as investment securities which also increased from GHS 12.5m to GHS 18.5m in 2020 and 2021 respectively.
Total liabilities as noted by the insurer’s financial statement for review period amounted to GHS 50.5m, an increase of GHS 2.5m from the GHS 47.9m total liabilities recorded for 2020.
Peruse details of financial statement below:
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