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Insurance Hub

Listed Nigeria Insurers Record N355.40bn Premium Income in 2021

There has been an improvement in the premium income of the largest listed Nigeria insurers who operate in a challenging business environment, which underscores...

AIICO Insurance’s ROE Slumps on Fair Value Loss on Financial Asset 

While AIICO Insurance made money by parking policyholders’ premiums in fixed income securities, a huge fair value loss on financial assets pressured the insurer’s...

Zero Revenue From Non-life Business Plunges Royal Exchange in Huge Losses

It appears Royal Exchange Insurance has curtailed its operations significantly as it earned no revenue from the non-life business, a triple whammy for an...

AxA Mansard’s Underwriting Profit Surges on Premium Growth

AXA Mansard Insurance Plc fourth-quarter underwriting profit has surged, driven by an improved result in both its business segments as the company provides access...

Prestige Assurance Reports Rise in Profit for 2021

Prestige Assurance Plc has reported an improvement in earnings in the fourth-quarter as the introduction of innovative products has paid off while there has...

NEM, Cornerstone, Mutual Benefit Were Best Insurers For Investors in 2021

It is good tidings that the insurance sector has ridden out of the coronavirus pandemic debacle that crippled economic activities throughout 2020. Interestingly, a stellar...

AXA Mansard Share Reconstruction Triggers Investors Apathy Towards Stock

AXA Mansard Plc share reconstruction triggered investor apathy towards the stock leaving it with the lowest performance in the past three years, a double...

Leadway Assurance Extends Agric-insurance to Support Farmers Affected by Cattle Encroachment

Leadway Assurance, one of Nigeria's leading insurers, has extended its flagship Agric-insurance cover to now cover crop farmers for losses incurred due to cattle...

African Alliance Records First Profit in Four Years

Africa Alliance Nigeria Plc has recorded its first profit since 2016 as accumulated losses in the balance sheet is responsible for negative shareholders’ funds...

NEM, Cornerstone Create Value for Shareholders than Peer Rivals

While the majority of firms have capitulated to unfavorable underwriting conditions, NEM Insurance Plc and Cornerstone Insurance are creating value for their shareholders as...

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