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Coronation Insurance Plc

  •  Coronation Insurance Plc said recorded N14 13 billion Gross Premium Written GPW for the financial year ended Dec 31 2021 The Chairman of the company Mr Mutiu Sunmonu said this in a statement containing the group s Audited Financial Result for year 2021 sent to the Nigerian Exchange Ltd on Friday in Lagos Sunmonu said the figure was lower when compared with N16 1 billion posted in the comparative period of 2020 He said that the firm generated net underwriting income of N9 66 billion and paid N7 31 billion as claims during the period under review He said it recorded a total underwriting profit of N1 25 billion while its investment income stood at N1 51 billion Sunmonu said the firm s total assets stood at N39 80 billion share capital N11 99 billion while the share premium was N4 61 billion He said that the company recordes contingency reserves of N3 66 billion while other reserves stood at N1 75 billion during the review period NewsSourceCredit NAN
    Coronation Insurance records N14.13bn gross premium in 2021
     Coronation Insurance Plc said recorded N14 13 billion Gross Premium Written GPW for the financial year ended Dec 31 2021 The Chairman of the company Mr Mutiu Sunmonu said this in a statement containing the group s Audited Financial Result for year 2021 sent to the Nigerian Exchange Ltd on Friday in Lagos Sunmonu said the figure was lower when compared with N16 1 billion posted in the comparative period of 2020 He said that the firm generated net underwriting income of N9 66 billion and paid N7 31 billion as claims during the period under review He said it recorded a total underwriting profit of N1 25 billion while its investment income stood at N1 51 billion Sunmonu said the firm s total assets stood at N39 80 billion share capital N11 99 billion while the share premium was N4 61 billion He said that the company recordes contingency reserves of N3 66 billion while other reserves stood at N1 75 billion during the review period NewsSourceCredit NAN
    Coronation Insurance records N14.13bn gross premium in 2021
    Economy2 months ago

    Coronation Insurance records N14.13bn gross premium in 2021

    Coronation Insurance Plc said recorded N14.13 billion Gross Premium Written (GPW) for the financial year ended Dec. 31, 2021. The Chairman of the company, Mr Mutiu Sunmonu, said this in a statement containing the group’s Audited Financial Result for year 2021 sent to the Nigerian Exchange Ltd., on Friday in Lagos.

    Sunmonu said the figure was lower when compared with N16.1 billion posted in the comparative period of 2020. He said that the firm generated net underwriting income of N9.66 billion and paid N7.31 billion as claims during the period under review.

    He said it recorded a total underwriting profit of N1.25 billion, while its investment income stood at N1.51 billion.

    Sunmonu said the firm’s total assets stood at N39.80 billion, share capital N11.99 billion, while the share premium was N4.61 billion.

    He said that the company recordes contingency reserves of N3.66 billion while other reserves stood at N1.75 billion during the review period.


    NewsSourceCredit: NAN