• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 3, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Unitrust Insurance Pays N3.2bn Claims To Policyholders In 2023

by Zaka Khaliq
9 months ago
in News
Unitrust Insurance Pays N3.2bn Claims To Policyholders In 2023
Share on WhatsAppShare on FacebookShare on XTelegram

Unitrust Insurance Company Limited’s policyholders received N3.2 billion as compensation on their insured risks, having suffered mishap in 2023.

Advertisement

The company reported Insurance Revenue of N6.9 billion, resulting in 30 per cent increase compared to N5.3 billion recorded in 2022, stating that the growth is attributed to improvement in service delivery, customer, and strategic expansion into new market segments.

Unitrust successfully navigated the storming macroeconomics environment in 2023 by deploying cost optimisation and initiatives to deliver Profit Before Tax of N2.4 billion and Profit After Tax of N1.7 billion from -N178 million Profit Before Tax and N185 million Profit After Tax in 2022, showing a remarkable growth of 1,264 per cent and 858 per cent, respectively.

This robust performance, it stressed, is a testament to the operational efficiency and prudent investment strategies.

Following the adoption of the new IFRS 17 standards, the company reported Insurance Revenue of N6.9 billion, resulting in 30 per cent increase compared to N5.3 million recorded in 2022. This growth is attributed to improvement in service delivery, customer, and strategic expansion into new market segments

RELATED

Dust As US-Nigeria Open Skies Air Agreement Comes Into Force

FG Sources Accuse US Mission Of ‘Smear Campaign’ Against Nigeria

1 hour ago
How Businesses Can Navigate Marketing Complexity — Expert

How Businesses Can Navigate Marketing Complexity — Expert

1 hour ago

In 2023, Unitrust embarked on several strategic initiatives aimed at driving growth and enhancing customer experience and ensured commitment to sustainable business practices even as the company is optimistic about future growth and committed to offering its numerous customers quality service delivery, it pointed out,


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

UBA Rewards 110 Customers In Ongoing Legacy Promo

Next Post

SMEDAN, Investors Seek N100bn Fund For SMEs

Zaka Khaliq

Zaka Khaliq

You May Like

Dust As US-Nigeria Open Skies Air Agreement Comes Into Force
News

FG Sources Accuse US Mission Of ‘Smear Campaign’ Against Nigeria

2025/08/03
How Businesses Can Navigate Marketing Complexity — Expert
Business

How Businesses Can Navigate Marketing Complexity — Expert

2025/08/03
Mali Charges Ex-PM With Undermining The State
News

Mali Charges Ex-PM With Undermining The State

2025/08/03
Our Resolve To Protect SMEs Remain Unshaken – Shettima
News

FG Committed To Transforming Agriculture Sector – VP Shettima

2025/08/03
As APC Screens Aspirants For Ondo 2024…Aiyedatiwa Confronts Petition To Disqualify Him
News

Experts Oppose One-Day 2027 Elections

2025/08/03
Mechanical Engineer From Kwara — All You Need To Know About New NNPCL Boss Bashir Ojulari
News

Uncertainty Over NNPC CEO’s Alleged Resignation

2025/08/03
Leadership Conference advertisement

LATEST

FG Sources Accuse US Mission Of ‘Smear Campaign’ Against Nigeria

How Businesses Can Navigate Marketing Complexity — Expert

Mali Charges Ex-PM With Undermining The State

FG Committed To Transforming Agriculture Sector – VP Shettima

Nigerian Courts’ Ambiguous Judgments

Activists Clash With Police, Anti-Migrant Protesters In UK

Family Condemns Hamas Video Showing Emaciated Israeli Hostage

Experts Oppose One-Day 2027 Elections

Uncertainty Over NNPC CEO’s Alleged Resignation

Trump Fires Lead Official On Economic Data

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.