Prestige Assurance records N7.01bn gross written premium

Date:

Prestige Assurance Plc’s gross written premium rose to N7.01bn in the 2020 financial year from N6.13bn achieved in 2019.

Thank you for reading this post, don't forget to subscribe!

The Managing Director, Prestige Assurance, Sarbeswar Sahoo, disclosed this during the company’s annual general meeting in Lagos.

He said despite the economic challenges in the country, the company was able to record growth.

He said the company’s net premium income increased from N3.21bn in 2019 to N3.48bn in 2020.

Shoos said, “Although the world is still battling with the pandemic and its effects on various sectors commendable, many businesses are cautiously optimistic of a more stable environment.

“Despite the challenging economic terrain, we were able to grow premium incomes and recorded strong profitability in the year.

“We remain committed to supporting customers with the right risk management solutions to ensure that businesses are well protected during and beyond this unstable period.”

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

Access Holdings to pay N1.80 as final dividend to shareholder

March 28, 2024. Azonuchechi Chukwu. Access Holdings has revealed plans to...

Police gun down two notorious bandits in Benue

March 28, 2024. Azonuchechi Chukwu. Men of Operation Zenda, a Joint...

Army declares eight wanted in connection with the k!lling of its officers in Okuama

March 28, 2024. Azonuchechi Chukwu. The Nigerian Army has declared eight...

Naira Appreciates Against Dollar at the NAFEM Window

March 28, 2024. Azonuchechi Chukwu. The Naira’s euphoric appreciation against the...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading