Prudential Zenith Life Insurance has reported that its assets base grew to N50.2 billion in 2022, higher than N48 billion posted in 2021.
The company also added that it grew its Shareholders Fund to N11.1 billion in 2022, while its Gross Written Premium (GWP) stood at N6.4 billion during the period under review.
This was disclosed by the Managing Director/CEO of the company, Mr Chuks Igumbor, at the August edition of the Nigerian Council of Registered Insurance Brokers (NCRIB) Members Evening in Lagos.
Mr Igumbor, represented on the occasion by the Head of Corporate Sales, Dr Ifeoma Oragwu, reiterated that the shareholders’ fund of the company reached N11.1 billion in 2022.
According to him, the good performance was a demonstration of the company’s efforts to strengthen its capital base and grow its business, and emphasised the company’s commitment to providing valuable insurance solutions, while expressing the firm’s desire for continued collaboration with the brokers.
He affirmed that this highlighted the company’s focus on the School Fees Protection Plan for students, and parents, and the Group Life Plan for Teachers and school administrators.
Mr Igumbor commended the brokers for their continued patronage of Prudential Zenith Life and urged them to reconsider renewing their partnership with the company.
He pointed out that the firm remains committed to prioritising the health, safety, and welfare of Nigerians, a commitment that its parent company, Prudential Plc, has held true for over a century, having celebrated its 175 years anniversary.
The 175-year milestone, he noted, not only signifies Prudential’s rich heritage and enduring success but also exemplifies the company’s commitment to continuous evolution and meeting the ever-changing needs of customers.
He stated that Prudential has, over the years, transformed countless lives through innovative insurance solutions that empower individuals and businesses to achieve financial security and prosperity.
Prudential plc, one of the oldest and most strongly capitalised life insurance companies in the world, acquired a majority stake in Zenith Life Assurance, which gave rise to a new company, Prudential Zenith Life.
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