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Insurance Company guarantees investors of better investment return

Insurance Company guarantees investors of better investment return

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Godson Ugochukwu, the Chairman Guinea Insurance Plc at the 60th yearly general meeting of the company in Benin City, Edo State, addressed shareholders that the board was committed to improving investment returns.

Alhaji Hassan Dantata, Osita Chidoka and Chukwuemeka Uzoukwu, were unanimously re-elected by shareholders as directors.

The Gross Premium Income growth was maintained by 11.7 per cent, from N913.4 million in 2016, to N1.02 billion in 2017, as Net Premium Income also increased by 15 per cent, from N649.5million in 2016, to N747.1 in 2017, while underwriting profit grew from N453.4 million recorded in 2016, to N501.1 million in 2017, representing a growth rate of 11 per cent.

Claims paid by Guinea Insurance on various classes of insurance decreased by 47 per cent, from N304.9 million in 2016, to N161.5 million in 2017.

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