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Fortis Global Insurance 5% Solvency Margin Flags Insolvency Risk as Underwriting Deteriorates

Fortis Global Insurance Plc is facing mounting solvency risk as a deteriorating solvency margin ratio of just 5% by the end of the 2025...

International Energy Insurance Opens ₦17.5 Billion Offer to Increase Underwriting Capacity

International Energy Insurance Plc (IEI) has officially entered the primary market with a ₦17.50 billion Public Offer aimed at recapitalizing its balance sheet. The...

Mutual Benefit Confirms Financial Stability With 512% Solvency Margin Ratio

Mutual Benefit Assurance Plc healthy solvency ratio assures policyholders that claims will be paid, even during severe economic downturns or natural disasters. Mutual Benefit Assurance...

Guinea Insurance Swings to ₦353M Loss on Claims Explosion

Guinea Insurance Plc posted a ₦352.65 million loss after tax for Q1 2026, flipping from a ₦130.31 million profit a year earlier, as claims...

AXA Mansard Profit Slumps on N2.42bn Foreign Exchange Loss

AXA Mansard Insurance Plc has succumbed to foreign exchange losses on outstanding claims, cost pressures, and combined with global economic uncertainties as the insurer’s...

AIICO Insurance Well Capitalised as Solvency Ratio Exceeds Regulatory Threshold

AIICO Insurance Plc solvency margin ratio has remained resilient in the face of macro uncertainties, exceeding the regulatory threshold as the lender continues to...

NEM Insurance First Quarter Revenue Drops 19%, Profit Tumbles 68%

NEM Insurance Plc, Nigeria-based general insurance company, has reported a 19.15 percent year-on-year reduction in revenue to N37.23 billion for the first quarter of...

International Energy Insurance Profit Falls 57.48% Despite Gains From Investment Property

Even the sale of an investment property in choice areas across the country could not salvage International Energy Insurance (IEI) Plc from an inevitable...

Coronation Insurance Profit Slumps 16.54% on Rising Operating Costs

Coronation Insurance Plc has capitulated to the volatile macroeconomic environment as its profit slumped in the first three quarters of the year raising concerns...

Lasaco Assurance Solvency Improves as Profit Rises 80.76%

Lasaco Assurance Plc capital position gas improved in the first three months, helped by lower claims expenses as well as a return to profit. The...

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