Prestige Assurance Plc has declared a gross written premium of N9. 27 billion in its 2021 financial year, from the N7. 01 billion in 2020.
According to the firm, the net premium income increased to N4. 59 billion from N3.47 billion recorded in 2020.
Commenting on the activity of the year, the Managing Director, Prestige Assurance, Rajesh Kamble, said the year was marked not only by economic challenges but by addressing them.
Kamble said: “Although the world is still battling with the pandemic and its effects on various sectors, many businesses are cautiously optimistic about a more stable environment. Despite the challenging economic terrain, we were able to grow premium incomes and recorded strong profitability in the year 2021.
“We remain committed to supporting customers with the right risk management solutions to ensure that businesses are well protected during and beyond this unstable period.”
