Coronation Insurance Posts  N11.5bn GPW In 2022 Q2

By Ngozi Onyeakusi—Coronation Insurance Plc. has posted a Gross Premium Written to the tune of N11.5bn compared to N8.3bn in 2021 Q2 .
This is contained in the  group’s unaudited interim financial result for Q2 ended 30th, June 2022 jointly signed by the Group’s Chairman, Mr. Mutiu Summonu, Managing Director/CEO, Mr. Olamide Olajolo, and made available to SUPERNEWS in Lagos.

According to the statement, the group’s  Net Premium Income grew to N5.7 bn in Q2 of 2022 against N4.6bn recorded in the comparable period of 2021 Q2 while Net Underwriting Income as well  soared to N6.2bn compared to N5bn posted within the same period in 2021.

Claims paid grew to N3.1 bn in Q2 of 2022 against N2.8 recorded in the corresponding period of 2021 while Total underwriting profit rose significantly to N3.5 bn in Q2 of 2022 from N892 million posted with the same period in 2021.

Group’s Asset, grew to N9 bn in Q2, 2022 from N7bn recorded bn in Q2 2021 while Total Assets soared  to N43.9 bn against N39.8 bn recorded in corresponding period of  2021 .