The firm said that the rise in its gross premium income reflected its ability to attract and retain a growing customer base, demonstrating the trust our clients have in our services.
In the period under review, Continental Re’s underwriting profit reached N9.14bn in 2023, compared to N4.40bn in 2022, representing a 108 per cent increase.
Its investment and other income grew to N30.61bn from N5.66bn in 2022, showing a 440 per cent increase.
“Our profit before tax for 2023 was N23.51bn, rising from N7.17bn in 2022, a 228 per cent increase. This improvement demonstrates our operational efficiency and strong overall performance, driven by deliberate forex management strategies and initiatives,” the firm said.
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