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Cornerstone Insurance Profit Surges on Investment Income

Cornerstone Insurance Plc deployed money in fixed income securities, an asset allocation policy that yielded fruit as investment income added impetus to profit, but...

Prestige Assurance N6.8bn Rights Issue Opens for Subscription

Prestige Assurance rights issue of 13,635,796,006 Ordinary Shares of 50 Kobo Each at 50 Kobo Per Share has opened to investors for subscription. The Insurer...

Nigerian Insurers Suffer Poor Valuations Relative to Peers – Afrinvest

Nigerian listed insurers suffer poor valuations relative to peers in Sub Saharan African (SSA), which validates investor apathy towards stocks as return on investment...

Goldlink Insurance Auditors say Material Uncertainty Jeopardizes Insurers’ Future

KPMG professional Services, a global accounting and  firm,  have said there is material uncertainty that may cast a doubt over Godlink Insurance Plc ability...

Africa Alliance Insurance turns Profit on Investment in Bonds

After many years of recurring losses, Africa Alliance Insurance Plc has returned to the path of profitability, thanks to investment in government securities that...

Cornerstone Insurance Shareholders to Receive 7 for 30 Bonus Shares

Cornerstone Insurance Plc has announced the issuance of bonus shares in the ratio of Seven (7) new share for every Thirty (30) existing shares...

Prestige Assurance’s Underwriting Profit surges 134.70 percent on Lower Claims Expenses

A deceleration in claims expenses has spurred Prestige Assurance to growth as underwriting profit surged 134.70 percent, but there are indications the COVID-19 crisis...

AXA Mansard’s net income surges 154.25 percent amid challenging environment

Despite the challenging operating environment, AXA Mansard Insurance Plc is thriving, as the Nigerian insurer recorded a double digit growth in earnings, which makes...

Consolidated Hallmark Insurance Board Approves 1 for 15 Bonus Issue

The Board of Directors of Consolidated Hallmark Insurance Plc (the Company) at a duly convened virtual meeting held on the 29th of July 2020,...

Mutual Benefit Profit Jumps as Underwriting Capacity Improves Amid COVID-19 Shocks

Mutual Benefit Assurance Plc recorded a jump in profit while efficient underwriting capacity led to an improvement in combined ratio even amid the rout...

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