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Universal Insurance Reports Improved Underwriting Profit of N1.27 bn for H1 2023

Universal Insurance Plc has reported a strong set of results for the June (H1) 2023 period, with an underwriting profit of N1.27 billion, a...

AIICO Insurance Ranked the Largest Insurer in Nigeria

After taking the spot from Leadway Assurance in 2022, the latest data from MoneyCentral shows AIICO Insurance Plc still remains Nigeria’s largest insurer by...

Insurers’ Financial Performance Improves With Higher Interest Rates

While higher interest rates and currency devaluation were deleterious to non-financial firms, the financial performance of insurers, most especially the life ones, have improved...

Cornerstone Insurance Profit Surges 3,555% on N12.75bn Fair Value Gain

Cornerstone Insurance Plc has benefitted from net exchange gain due to translation of foreign currency denominated assets that spurred a strong profit growth even...

Prestige Assurance Capitulates to Macroeconomic Volatility

Prestige Assurance Plc has succumbed to macro-economic volatility as earnings slumped, however, the insurer was able to maintain a disciplined underwriting as the combined...

Consolidated Hallmark Reports Solid Q2 Despite Elevated Costs

Consolidated Hallmark Insurance (CHI) Plc has reported a rise in pre-tax profit of 103.64 percent to N1.57 billion for the second quarter of 2023,...

Mutual Benefit Maintains Efficient Underwriting as Gross Premium Rises 15.16%

Mutual Benefit Assurance Plc has maintained an efficient underwriting as the combined ratio of 8.94 percent is lower than the 100 percent benchmark, which...

AXA Mansard Profit Surges 582.26 % on Foreign Exchange Gains

AXA Mansard Plc has benefitted from fair value gains on bond portfolios that impetus profit as the insurer overcomes an unfavorable underwriting environment. For the...

NEM Insurance Reports Record Q2 as Net Income Jumps 37.94%

Nem Insurance Plc has reported that Q2 net income jumped 37.94 percent to N3.49 billion compared to the same quarter last year, while underwriting...

NIA To Commence Insurance Cover For Nigerians On Transit

The Nigerian Insurers Association (NIA) has said it is planning an accident insurance cover for Nigerians on transit in partnership with the Federal Government. The...

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