Sunu Assurances Nigeria PLC 2016 Annual Report
The report outlines the financial performance and corporate governance of Equity Assurance Plc and its subsidiaries for the fiscal year 2016. The group experienced an 8% increase in gross written premium, although underwriting profit decreased by 47% due to an 84% increase in net claims incurred. During the year, the company disposed of its shareholding in Equity Assurance Limited, Ghana, and appointed a new Chairman and Managing Director/CEO. The company also faced a significant penalty from NAICOM for violating guidelines on aviation businesses.
Company: Sunu Assurances Nigeria PLC
Sector: Finance & insurance
Country: Nigeria
Year: 2016
Type: Annual Report
Pages: 109
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Sunu Assurances Nigeria PLC
Financial Statements
The report outlines the financial performance and corporate governance of Equity Assurance Plc and its subsidiaries for the fiscal year 2016. The group experienced an 8% increase in gross written premium, although underwriting profit decreased by 47% due to an 84% increase in net claims incurred. During the year, the company disposed of its shareholding in Equity Assurance Limited, Ghana, and appointed a new Chairman and Managing Director/CEO. The company also faced a significant penalty from NAICOM for violating guidelines on aviation businesses.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report
Language
English
Pages
File Size
Standards & Assurance
No data available
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees