Amaka Obiefuna.

The company’s net premium income also grew from N2.3b in the second quarter of 2016 to N2.8b in the same period of 2017 amounting to a growth rate of 22%.

The underwriting profit rose from N1.11b to

N1.4b representing a growth rate of 2.7% while

investment income also grew by 73% from N140m in 2016 to N243m in 2017 Q2.

The profit before tax had a growth rate of 57.5% having increased from N400m in 2016 to N630m in 2017 while profit after tax also grew from N373m in 2016 to N588m in 2017 representing a growth rate of 57.6%.

The company’s Management Expenses still

remained low like it was in the first quarter of the year. Management Expenses in the second quarter of 2017 was N713m as against N762m in the same period of 2016, representing a 6.4% reduction rate.

Indeed, the Management Team is committed to reducing cost of operations as much as possible.  Moreso,  the company’s promise of wanting to create exceptional value for its numerous shareholders spread across the country and beyond is beginning to look very hopeful and one can only hold on to that glimmer of hope as the Underwriting Firm forges ahead.