Home Business Insurance World IEI Cuts Loss To N40.3m In 2019
Insurance World

IEI Cuts Loss To N40.3m In 2019

Share
Share

BY NKECHI NAECHE-ESEZOBOR–International Energy Insurance Plc, has announced that it was able to cut loss in Q1 2019 to N40.3m

According to the company,
Its loss for the period came down to N40.261 million from N67.777 million in Q1 2018.

The insurer disclosed this when it releases its first financial report since 2018.

In the financial statement for March 2019 released at the Nigerian Exchange Group its written premium depreciated to N102.843 million from N188.544 million in Q1 2018.

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Leadway Highlights Road Safety, Accountability, and Financial Protection As Benefits Of Mandatory Insurance Policy

    With the nationwide enforcement of compulsory third-party motor insurance now...

NEM Insurance Pays N23bn As Claims To Policyholders In FY2024, Grows Profit To N20bn

BY NKECHI NAECHE- ESEZOBOR— NEM Insurance Plc, a leading general insurance services...

NAIC Boss Hails EFCC On Nigeria’s Progress On Corruption Rating

BY NKECHI NAECHE- ESEZOBOR–The Managing Director/Chief Executive Officer, Nigerian Agricultural Insurance Corporation,...

AIICO Celebrates Outstanding Agency Field Force At The 2025 Annual Awards Night

Over the weekend, AIICO Insurance Plc hosted its prestigious Annual Agency Field Force...