{"id":31581,"date":"2019-04-29T13:03:01","date_gmt":"2019-04-29T12:03:01","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=31581"},"modified":"2019-04-29T13:03:01","modified_gmt":"2019-04-29T12:03:01","slug":"fbn-general-insurance-records-n615-6m-profit","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fbn-general-insurance-records-n615-6m-profit\/","title":{"rendered":"FBN General Insurance Records N615.6m Profit"},"content":{"rendered":"

FBN General Insurance Limited says its gross premium written rose by 32 per cent to N4.63bn in 2018 financial period, from N3.51bn in the corresponding period of 2017.<\/p>\n

A statement from the underwriting firm said that its 2018 account was approved by the industry regulator, National Insurance Commission.<\/p>\n

It added that its Profit Before Tax rose to N615.6m, with a marked YoY growth of 91 per cent from the N322.8m in 2017.<\/p>\n

Over the same period, the company grew its total assets YoY by 31 per cent from N7.24 bn in 2017 to N9.45 bn in 2018, realising a significant improvement in capital efficiency from robust liquidity and solvency margin above the required benchmark.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Commenting on the company\u2019s performance, the Managing Director\/Chief Executive Officer, FBN General Insurance, Bode Opadokun, attributed the performance to the underwriting firm\u2019s commitment in putting its clients first and resilience in achieving remarkable milestones.<\/p>\n

\u201cThe business gained momentum in 2018 as results across key performance metrics clearly validate FBN General Insurance commitment to the delivery of profitable growth and unwavering dedication to our clients, communities and stakeholders,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

FBN General Insurance Limited says its gross premium written rose by 32 per cent to N4.63bn in 2018 financial period, from N3.51bn in the corresponding period of 2017.<\/p>\n","protected":false},"author":6,"featured_media":18051,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[5537],"coauthors":[2391],"class_list":["post-31581","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-fbn-general-insurance"],"yoast_head":"\nFBN General Insurance Records N615.6m Profit - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fbn-general-insurance-records-n615-6m-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBN General Insurance Records N615.6m Profit - 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