This was disclosed in the company’s Financial Report for 2021 approved by the board of directors during the Annual General Meeting (AGM) held via zoom on Thursday December 15,2022.
As a sign of solvency strength and commitment to fulfilling its obligations to the participants/customers, the Company paid a consolidated claim of N301.983 million in 2021, representing 44% increase from N201.262 million paid in the previous year 2020.
Further, the company grew the shareholders’ fund in the year under review as assets value rose from N1.455 billion in the 2020 financial year to N2.452 billion, representing 68 per cent increase in the year under review.
