He said the company’s profit for 2023 amounted to N514.67m while total assets rose from N12.3bn in 2022 to N15.7bn in 2023.
On the insurance firm’s outlook, Nduagwuike said, “This great achievement confirms the unwavering resilience of all stakeholders and their commitment to our corporate existence, surpassing expectations. Our unbroken streak of profitability in recent times is a result of our collective efforts.
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“Universal Insurance remains resolute in delivering sustainable results amid the challenges that the future may hold. With a solid financial foundation and a strategic approach, we are confident in navigating this dynamic landscape and continuing to provide value to our customers and stakeholders.
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