AIICO Insurance profit rises by 146% in 2018 vanguardngr.com vanguardnews
Reports have it that the profit represented a growth of 146 per cent when compared with the N1.3 billion achieved in the comparative period of 2017.
This shall translate to a payment of N415, 812, 268.80 representing six kobo per ordinary share of 50k each, for the period under review. Fajemirokun said: “Meticulous execution of our transformation plans continue to yield expected results with year-on-year improvements in our performance.’’ “From this amount, about 76 per cent was for benefits and claims payment in our Life business with the remaining 24 per cent incurred in the Non-Life business.“We expect that as the company continues to grow, claims expenses will grow accordingly.
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