2008 A/C

2008 ended as a melting year. It was a year that started bouyantly, with a halo of confidence for the fundamentals of the Nigerian financial market, which subsequently dropped away under the weight of the global financial crisis, heralded... Excerpt from the Chairman's statement click here for 2008 Annual report

2007 A/C

"The year 2007 witnessed the conclusion of  the insurance industry consolidation exercise which culminated in the reduction of the number of insurance companies from 103 to 49 at the end of the consolidation exercise. On the heels of consolidation, the insurance industry enjoyed renewed vigour with market capitalisation being put at an estimate of N241.5 billion. Insurers gained from investor's confidence in the growth potential of the industry as a whole within the context of an emerging economy..." Excerpt from Chairman's Statement.

2006 A/C pdf

"Against the background of the operating environment, the Company witnessed significant growth in performance as perceived "safe" insurer. The Company enjoyed a 26% increase in its Gross Premium income from N4.5b in 2005 to N5.7b in 2006, but with a significant jump in claims incurred by an overwhelming 88% from N938.5m in 2005 to N1.8b in 2006.." Excerpt from the Chairman's Statement.

2005 A/C pdf

"..The 2005 operating environment continued with the wave of capital increases for banks and other financial services providers, particularly insurance companies. The new capital base for insurance companies, which was greeted with initial apprehension, has now been accepted as a way of contributing to long term sustainable economic growth…” Excerpt from Chairman's Statement..

2004 A/c

“Our Success is that of our Customers. Without their patronage, we cannot continue to be in business.” Excerpt from the Chairman's Statement.

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