SUNU Assurances Grows Profit by 577% in Q3 in 2023 – THISDAYLIVE

SUNU Assurances Nigeria Plc recorded improved performance for the third quarter ended September 30, 2022 despite the challenging operating environment.

The company posted gross premium written of N4.62 billion in Q3 of 2022, showing an increase of 15 per cent compared to N4.028 billion in 2021. Gross premium income grew faster by 22 per cent to N3.863 billion from N3.165 billion in 2021. Profit before tax soared by 577 per cent from N55.378 million to N374.728 million in 2022,

He added that their network and knowledge of the market, the Nigerian economy, prompt settlement of all claims with discharge voucher , robust reinsurance facility and their undaunting ability to drive their operation with technology equally contributed.

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