ByNike Popoola
Anchor Insurance Company Limited has announced that its profit after tax rose to N420m in the 2012 financial period from N56.86m a year earlier.
The company said in a statement on Sunday that its accounts had been approved by the National Insurance Commission.
It added that the total asset grew by 7.62 per cent from N4.2bn in 2011 to N4.52bn in the period under review, while the shareholders’ fund increased by 5.4 per cent from N3.7bn a year earlier to N3.9bn in 2012.
The statement said the gross premium grew by 73 per cent to N1.9bn from N1.1bn in 2011, adding that net insurance claims of N230.5m was paid in 2012 as against the N183.6m paid in the previous year.
The Managing Director, AIC, Mr. Mayowa Adeduro, said the board and management was committed to sustaining the performance and would continue to ensure the provision of customer friendly and valuable insurance products and services through the use of highly motivated employees and cutting edge technologies to deliver prompt and quality services to its stakeholders.
Source Punch
No comments:
Post a Comment