Financials
Financial Overview
In 2019 Financial Year, we generated a Gross Premium Written of ₦8.69 billion. There was an 18% growth in the Net Underwriting Income from ₦4.62 billion in 2018 to ₦5.46 billion. We have also continued to keep our commitments to policyholders through prompt claims settlement, this made claims expenses to stand at ₦1.67 billion. The company recorded a profit before tax of ₦711.47 million in 2019 while profit for the year (after income tax expense) is ₦600.31 million. The Total Assets of the company is now ₦11.74 billion a 9% rise over the ₦10.82 billion of 2018.
