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Nigeria Insurers’ investment income rise 24.52 percent to N80.63bn
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Nigerian Insurers are reaping the rewards of parking their money in the bonds and equity markets as investment income improved.
When combined ratio are high...
Guinea Insurance Q1 Profit Slumps on Weak Premium, Rising Cost
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Guinea Insurance Plc recorded profit in the first quarter (Q1) of the year, but it is spending its way into the future as weak...
Shareholders approve NEM Insurance N10bn Share Capital Increase
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The 50th Annual General Meeting of NEM Insurance Plc (the “Company”) was held by proxy due to the COVID-19 pandemic on the 18th of...
Regency Alliance Records Improved Underwriting Results Despite Headwinds
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Despite persistent macroeconomic headwinds undermining the growth of the industry, Regency Alliance Plc recorded an improvement in results, thanks to a reduction in loss...
Disposal of Significant Investment Compounds Guinea Insurance Woes as Losses Pile
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A loss on disposal of significant investment has tipped Guinea insurance Plc into a negative territory, compounding the woes of an insurer reeling from...
AIICO Records Fastest Premium Income Growth Among Peers
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AIICO Insurance’s various lines of business are contributing to earnings, as the largest listed insurer by total assets recorded the fastest premium income expansion...
Sovereign Trust Insurance Profit Jumps on Growth in Commission Income
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Sovereign Trust Insurance Plc, one of the biggest underwriters in Africa’s largest economy, posted a 46.23 percent rise in full year net income on...
Consolidated Hallmark Insurance Maintains Underwriting Profitability
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Despite the ongoing Covid-19 pandemic and tough operating environment, Consolidated Hallmark Insurance Plc recorded combined ratio below 100 percent in the first quarter of...
Nigerian Insurers Profits Face ‘Double Whammy’ of Low Yields, Coronavirus
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Nigerian Insurers are set to see earnings slow as low yield environment and the coronavirus pandemic means future profit will wither away like chaff...
Mutual Benefit Records Largest Underwriting Income Among Peers
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Mutual Benefit Assurance (MBA) Plc has recorded the largest underwriting income in the insurance industry as premium income exceeded claims expenses, which helped add...