As a company, we are able to fulfill our claim payment obligations as at when due, having successfully settled claims to the tune of ₦1,730,652,329; which is a 29% increase over the ₦1,341,181,328 paid in 2015. The significant increase in claims payment is attributable largely to the inflationary trend, which has seen the cost of replacement parts rising beyond projections, especially in property and motor insurance. 2016 ended with an underwriting expense ratio of 22%, a claims ratio of 21% and Total Assets grew from ₦7,023,316,035 in 2015 to ₦7,442,464,370. Our risk pool is growing as shown by the growth in insurance liabilities from ₦2.22bn in 2015 to ₦2.43bn in 2016. We are improving our channels and distribution structure as we make use of innovative technology to leverage on our robust network and organisational synergies to drive growth.