Chuks Udo Okonta
Things seem to be looking up for some
insurance companies in the first quarter as their Gross Premium Income (GPI) has
revealed signs of good fortune for this year’s business.
Ten insurance companies that have
distinguished themselves by posting large gross premium income in the quarter
are, AIICO Insurance Plc, which led the pack with N7.89 billion, it was
followed by Leadway Assurance Limited posting N7.70 billion; Custodian and
Allied Insurance N4.91 billion; Mansard Insurance Plc N3.48 billion and Niger
Insurance Plc N2.68 billion.
Others are Sovereign Trust Insurance
Plc N2.57 billion; Africa Alliance Insurance Plc N2.35 billion; NEM Insurance
Plc N2.12 billion; Mutual Benefit Assurance Plc N2.01 billion and International
Energy Insurance Plc N1.95 billion.
According the National Insurance Commission (NAICOM),
for the firms that have submitted their 2013 accounts, Leadway Assurance
Limited raked in the highest premium by posting gross premium income of N41.75
billion. It was followed by AIICO with N22.83 billion; Custodian N20.45
billion; Mansard N13.57 billion; Niger N10.44 billion; Sovereign Trust N8.6
billion; Royal Exchange N6.7 billion; Zenith Insurance N6.4 billion and Cornerstone
Insurance N5.3 billion.
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