Financials
Financial Overview
In 2018 Financial Year, we generated a Gross Premium Written of ₦6.86 billion. There was a 14% growth in the Net Underwriting Income from ₦4.05 billion in 2017 to ₦4.62 billion. We have also continued to keep our commitments to policy holders through prompt claims settlement (claims expenses rose by 42% from ₦3.35 billion in 2017 to ₦4.78 billion in 2018). The company recorded a profit before tax of ₦534.43 million in 2018 while profit for the year (after income tax expense) is ₦406.71 million. Investment Income grew by 18% from ₦796 million to ₦939 million in 2018 while the Total Assets of the company is now ₦10.82 billion a 14% rise over the ₦9.49 billion of 2017.
