According to Guinea Insurance Plc, it invested around N900 million in its operations during the 2022 fiscal year. In addition, it stated that 1.8 billion shares were being listed.
This information was revealed during the Nigerian Association of Insurance and Pension Editors’ 2023 first quarter CEO’s Roundtable in Lagos by the insurance company’s managing director and chief executive officer, Mr. Ademola Abidogun.
According to Abidogun, the insurance has enormous sums in its system and more than N2 billion in cash under its control to conduct business.
In comparison to the previous ten years, he pointed out that the underwriting company wrote its highest gross premium of N1.4 billion in 2022