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Insurance Hub

AIICO Insurance Solvency Ratio Remains Strong at 346% as Profit Jumps

AIICO Insurance Plc solvency ratio has remained resilient in the face of macro uncertainties as the insurer has got enough cash to meet its...

Cornerstone Insurance Profit Slumps on Foreign Exchange Loss

Cornerstone Insurance Plc is feeling the pains of the fading away of exceptional gains which caused a slump in profit as insurers in Africa’s...

Mutual Benefits Profit Slides 14.07% as Rising Costs Stoke Combined Ratio

Mutual Benefits Assurance Plc is reeling from rising operating costs that led to a reduction in profit, which cast a doubt on bumper dividend...

AIICO Sustains Retirement Income For 28,000 Retirees

AIICO Insurance Plc paid N68.1bn in claims and benefits in 2025 and currently provides regular retirement income to more than 28,000 annuitants across Nigeria,...

Heirs Life Profit Jumps 63% on Investment Gains as General Insurer’s Earnings Halve

Heirs Life Assurance Ltd., part of Tony Elumelu's Heirs Insurance Group, increased nine-month profit 63% as investment income nearly tripled. Its sister company, Heirs...

United Capital’s Heirs Insurance Stakes Lift Associate Income 41% to N2.6 Billion

United Capital’s equity stakes in Heirs General Insurance Limited and Heirs Life Assurance Limited, helped lift its associate income in the 9-month period to...

Lasaco Assurance Cuts Operating Cash Outflow To N416.82m

Lasaco Assurance Plc reduced its net cash outflow from operating activities to N416.82m in the nine months ended 30 September, 2026, from N9.64bn recorded...

Global Models Offer Lessons For Nigerian Insurers

For many Nigerians, the value of an insurance policy is not determined by the promises made when it is sold, but by what happens...

AXA Mansard May Offer Untaken Rights Shares To Investors

AXA Mansard Insurance Plc plans to open shares left untaken by existing shareholders under its proposed N18.3bn rights issue to other interested investors, creating...

Lasaco Assurance Solvency Remains Strong, Returns to Profit on Cost Reduction

Lasaco Assurance Plc has maintained a positive solvency position that underpins its ability to pay claims to policyholders just as a reduction in expenses...

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