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AIICO Insurance’s Underwriting Conditions Worsen as Losses Hit N22.43bn

The underwriting conditions of AIICO Insurance are fast deteriorating as the bigger threats to the company’s balance sheet are low yield environment and the...

Mutual Benefit’s Underwriting Portfolio Hit by Covid-19 as Profit Slumps

The underwriting portfolio of Mutual Benefit Assurance has been impacted by the coronavirus pandemic as mounting obligation to policy holders’ impacted negatively on profit. For...

Royal Exchange Returns to Profitability in Q3 as expenses shrink

Royal Exchange Nigeria Plc has posted a net income of N565.66 million for the third quarter (Q3) of 2020, compared with a net loss...

Coronation Insurance Needs Cost Optimization to Bolster Profit Margins

Coronation Insurance Plc runs on expense ratios that are too high to be able to bolster the profit margin needed to deliver high returns...

AXA Mansard Surmounts Covid-19 Headwinds as Net Income Surges 168.72 percent

AXA Mansard Nigeria Plc has overcome coronavirus pandemic headwinds that disrupted business activities across key Nigerian cities as the insurer recorded improved underwriting conditions...

Linkage Assurance Net Income Spikes amid Deteriorating Underwriting Conditions

The introduction of innovative products and income from investment in fixed income securities have added impetus to the earnings of Linkage Assurance Plc even...

Guinea Insurance Loss Narrows to N142m in Q3

Guinea Insurance narrowed its losses to N142 million in the nine months’ period to September 2019, according to its latest financial statement. The firms Gross...

Protests are Double Whammy for Nigeria Insurers Already Hit by Virus

Nigerian insurers will be the hardest hit from protests that have paralyzed business activities across Africa’s largest economy, even as they are yet to...

Sovereign Trust Insurance Postpones AGM

Sovereign Trust Insurance has postponed its Annual General Meeting (AGM) earlier scheduled to hold on Thursday, the 22nd day of October, 2020. The Postponement of...

Listed Insurers Realize N19.67bn Investment Income as Profit hits Four Year High

The largest listed insurers in Africa’s largest economy are reaping the rewards of parking their money in government securities as strong growth in investment...

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