By:Mohammed Oluwatimileyin Taoheed
Universal Insurance Plc has achieved a total premium income of N 4.1 billion during the first half of the year ended June 30.
The Managing Director/Chief Executive Officer, Universal Insurance, Dr. Benedict Ujoatuonu, stated this to reporters in Lagos.
Ujaotuonu, who was represented on the occasion by the Company’s Secretary and Head of Corporate Communications Department, Chinedu Onyilimba, said the premium income was far above what was achieved last year.
He stated that the company’s premium income at the end of 2021 stood at N3.4 billion; while a total sum of N459 million was paid as claims.
He said their report for the second half of the year, showed a profit after tax of N796 million and a total claim paid of N348 million.
He noted that the performance was made possible as a result of aggressive moves in driving its business development, especially by providing special tailor-made products in their retail operations.
Our aggressive deployment of technology, especially in driving our retail operations as well as our business expansion which led to opening of new branches, enlargement of our marketing units which also led to the engagement of new staff made this possible, he added.
