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Niger Insurance’s Recurring Loses Validates Sale of Asset to Bolster Cash-Flow
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Niger Insurance Plc recurring losses caused by rising claims expenses has validated the strategic decision by management and board of directors to sell off...
Lasaco Assurance Profit Surges on Foreign Exchange Gains
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Lasaco Assurance Plc has surmounted the coronavirus pandemic headwinds that paralyzed economic activities across the country as net income surged on the back of...
Universal Insurance Can Meet Obligations as Solvency Ratio Remains Strong at 165%
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There are no threats to the going concern status of Universal Insurance Plc as the insurer has the capacity to meet its long-term financial...
Nigeria Insurers Profit Margins Improve Amid Rising Costs
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Despite the unfavorable underwriting conditions as evidenced by rising claims expenses and high inflationary pressures, the largest listed insurers are able to translate top...
Listed Insurers’ Operating Expense Hits N92.48 bn in 2020
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While the majority of listed insurers are spending less to generate revenue even amid an unfavorable underwriting environment, they have to focus on cost...
Insurers Should Reprice Policies to Fend off Low Interest Rate Environment
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Insurers in Africa’s largest economy who are reeling from poor valuation must reprice policies in the light of the current interest rate environment, according...
Mutual Benefit Profit Hits Six Year High on Investment Income
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Mutual Benefit Assurance Plc’s profit has hit a five high on juicy yield on fixed income securities even as obligations to policyholders continue to mount amid...
Rising Costs Erode Cornerstone Insurance’s Profitability
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Cornerstone Insurance Plc is spending its way into the future and shareholders should be perturbed as rising expenses combined with spiraling annuity change are...
AIICO Insurance Realizes N109.18bn From Fixed Income Securities, in Five Years
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In the last five years, AIICO Insurance Plc has realized N109.18 billion as income from investing in government securities, but the insurer suffered underwriting...
AIICO Insurance’s Net Income Jumps Despite Underwriting Loss
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AIICO Insurance Plc seems to have overcome the coronavirus pandemic induced headwinds as net income jumped, but the insurer is still reeling from huge...