Financial Results
FORTIS GLOBAL INSURANCE PLC- QUARTER 1 - FINANCIAL STATEMENT FOR 2026
• Q1 2026 | Unaudited • Revenue: ₦445.98m | PAT: (₦576.50m) | EPS: (0.18k) | Equity: ₦9.08bn | Assets: ₦24.87bn • Reported a significant increase in insurance revenue from ₦31.37m in Q1 2025 to ₦445.98m in Q1 2026. • Accumulated losses worsened during the period, moving from ₦18.29bn at the start of 2026 to ₦18.87bn by 31st March 2026.
Financial Results
FORTIS GLOBAL INSURANCE PLC- QUARTER 1 - FINANCIAL STATEMENT FOR 2026
• Q1 2026 | Unaudited • Revenue: ₦445.98m | PAT: (₦576.50m) | EPS: (0.18k) | Equity: ₦9.08bn | Assets: ₦24.87bn • Reported a significant increase in administrative expenses to ₦500.18m (up 172% from Q1 2025) and a loss before tax of ₦571.38m. • Operating cash flows were negative at ₦893.19m due to high claims paid and administrative expenses.
Financial Results
FORTIS GLOBAL INSURANCE PLC- QUARTER 5 - FINANCIAL STATEMENT FOR 2025
← All Disclosures