Sovereign Trust Insurance Plc has posted impressive financial results for the second quarter of 2025, reflecting a steady upward trajectory in revenue and profitability. The unaudited figures, recently released on the Nigerian Exchange Limited (NGX), show the company is on track to meet shareholders’ expectations.
The underwriting firm recorded ₦34 billion in gross revenue for Q2 2025, a 45% increase from the ₦23.5 billion generated in the same period last year.
Investment income rose sharply by 130%, climbing from ₦446.4 million in Q2 2024 to ₦1 billion in Q2 2025. Profit before tax also saw a significant boost of 36%, rising from ₦1.1 billion to ₦1.5 billion. Profit after tax grew by 20%, from ₦941.6 million to ₦1.3 billion.
The company’s balance sheet strengthened further during the period. Total assets increased by 14% to ₦27.7 billion, up from ₦24.4 billion in 2024. Total liabilities rose 20% from ₦10.1 billion to ₦12 billion, while total equity improved by 10%, reaching ₦15.7 billion compared to ₦14.3 billion in the previous year.
Basic earnings per share climbed from 7 kobo in Q2 2024 to 10 kobo in Q2 2025, representing a 42% increase.
Management reaffirmed its commitment to sustaining this growth momentum, pledging to continue delivering value to shareholders and stakeholders.
