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August 11, 2023. Azonuchechi Chukwu. Universal Insurance Plc on Thursday published its Second Quarter report for the period ended 30 June 2023. The underwriting firm reported Gross Premium written of N5.201 billion for the 6 months period, up by 51% from N3.444 billion reported the previous year. Profit after tax grew year on year by | ....
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By Rukayat Adeyemi Lagos, Dec. 22, 2020 AIICO Insurance Plc on Tuesday said that its shareholders oversubscribed its Rights Issue, which recorded 126 per cent subscription. Mr Babatunde Fajemirokun, Managing Director /Chief Executive Officer of the firm said this in a statement made available in Lagos. Fajemirokun stated that the company had conducted its Rights Issue listing 4,357,770,954 ordinary shares of 50 Kobo each at 80 Kobo per share, on the basis of five new ordinary shares for every 13 ordinary shares held. “AIICO witnessed about 126 per cent subscription, an indication of the shareholders’ excitement at the opportunity and readiness to be part of the promising future. ....