FIN Insurance Company Limited has paid N1.2billion claims on insured risks of its policyholders in 2023 even as its gross premium written(GPW) rose from N3.4billion in 2022 to N5.82billion in 2023 financial year end.
Similarly, its total assets was N21.2bn, even as its Shareholders Fund was N15.3billion with Profit Before Tax amounting to N7biliion in 2023 while its solvency margin was N12.5billion.