Insurance firm records 320% growth in profit after tax
http://ift.tt/2rDAk1q The firm stated this at its 18th Annual General Meeting to lay before the shareholders the yearly reports and accounts for the financial year ended December 31, 2016. Ensure Insurance PLC has recorded a N1.1 billion in profit after tax. It also achieved an underwriting profit of N621 million.According to the company, this is a testament to the efficacy of the underwriting guidelines and practices that its management instituted. The firm stated this at its 18th Annual General Meeting to lay before the shareholders the yearly reports and accounts for the financial year ended December 31, 2016. It was a crucial meeting considering that in its first full year, the new management of the company had recorded a loss after tax of N0.5 million.The chairman, Mr. Fola Adeola, pioneer CEO and co-founder of Guaranty Trust Bank, in his opening remarks highlighted headwinds in the macroeconomic climate of the Company’s business operating environment that had befuddled busi...