SIC Insurance Company Limited Reports Earnings Results for the Year Ended December 31, 2016
SIC Insurance Company Limited reported earnings results for the year ended December 31, 2016. For the year, net written premium was GHS 94,782,654 against GHS 67,784,429 a year ago. Profit before tax was GHS 5,337,680 against GHS 12,138,284 a year ago. Profit after tax was GHS 3,736,516 against GHS 9,498,923 a year ago. EPS was GHS 0.0191 against GHS 0.0486 a year ago. Net asset per share as at December 31, 2016 was GHS 0.4062 against GHS 0.4137 a year ago. Net cash used in operating activities was GHS 4,889,330 against GHS 12,274,906 a year ago. Acquisition of property, plant and equipment was GHS 2,182,513 against GHS 808,470 a year ago.