Financials
Financial Overview
In 2020 Financial Year, we generated a Gross Premium Written of ₦9.77 billion. There was a 19% growth in the Net Underwriting Income from ₦5.46 billion in 2019 to ₦6.50 billion. We have also continued to keep our commitments to policyholders through prompt claims settlement, this made claims expenses to stand at ₦2.56 billion. The company recorded a profit before tax of ₦772.56 million in 2020 while profit for the year (after income tax expense) is ₦677.98 million. The Total Assets of the company is now ₦14.311 billion a 22% rise over the ₦11.74 billion of 2019.
