Unitrust Insurance Company Limited in its recently released half year 2024 financial report recorded 78 percent increase in year-on-year revenue, reaching a total of N 8,206,125,606.29 as against N 4,617,709,244.30 achieved for the same period in 2023.
The company recorded significant growth in various segments of its operations despite the harsh operating environment, also paid claims to its policyholders, underscoring its commitment to contractual obligations.
The Company in a statement said the success underscores Unitrust’s commitment to providing unparalleled service and support to its valued policyholders.
According to the firm, “Unitrust Insurance reported a 78 percent increase in her year-on-year revenue, reaching a total of N 8,206,125,606.29 as against N 4,617,709,244.30 recorded for the same period in 2023.
“This growth reflects the company’s successful execution of its strategic initiatives, excellent service delivery, robust underwriting practices, and a diversified portfolio”.
Unitrust Insurance, in a demonstration of an unwavering commitment to its various policyholders, paid N2,463,042,690.81 to customers for the first six months in 2024, as against N685,268,927.80 paid in the same period in 2023.
The explained that this milestone highlights unitrust dedication to providing timely and fair compensation to policyholders in their times of need.
According to the company, Unitrust, in its stakeholders engagement, co-hosted the 2024 NCRIB CEOs Retreat in Uyo, Akwa Ibom State, earlier in June 2024, where the NCRIB Chief Executive Officers converged in Uyo for their annual retreat between June 13 and 15, 2024 to review the state of their sub-sector and brainstorm on the way forward.
The firm said the sponsorship, focused on fostering professional development and service excellence within the insurance brokerage sector. The retreat had as its theme, “Building Institutions that Survive their Promoters.”
The Managing Director/Chief Executive Officer of Unitrust Insurance, Mr. AdedayoArowojolu, while commenting on the half year report, expressed satisfaction on the Company’s performance.
“We are incredibly proud of our performance in HY 2024 and the record number of claims we have paid out to our policyholders. This achievement is a testament to the hard work and dedication of our entire team. We remain committed to providing the highest level of service and support to our customers, ensuring their peace of mind in times of need,” he said.
Unitrust Insurance Company Limited was established in 1981 and licensed in 1986 in Nigeria to operate as an insurer, and at present carries out all forms of general/non-life insurance transactions including Oil & Gas.
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