Chairman's Statement

Chairman's Statement

Growth was recorded in the non-oil sector towards the last quarter of 2020 due to increased activity in some sectors like ...

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Financial Highlights

Financial Highlights

2020N000 2019N000 Percentage Increase/(Decrease) Gross Premium Written 3,949,079 3,885,447 1.64% Net Premium Income 3,228,230 3,213,718 0.45% Underwriting Results 1,403,091 1,498,856 -6.39% Investment Income 270,329 256,521 5.38% Profit before Taxation 214,476 550,230 -61.02% ...

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Financial Position

Financial Position

ASSETS NOTES 2020N000 2019N000 Cash and Cash Equivalents 6 378,939 655,816 Financial Assets 7 1,746,775 1,697,826 Trade Receivables 8 295,834 4,895 Reinsurance Assets 9 1,468,007 1,500,954 Deferred Acquisition Cost 10 140,139 134,890 Other Receivables and ...

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Comprehensive Income

Comprehensive Income

  NOTES 2020N'000 2019N'000 Gross Premium Written 25 3,949,079======== 3,885,447======== Gross Premium Earned 25 4,097,311 3,945,341 Reinsurance Premium Expenses 25 (869,081) (731,623) Net Premium Income   3,228,230 3,213,718 Fee income-Insurance 26 155,148 119,417 Net underwriting Income   3,383,378 3,333,135 ...

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