Linkage Assurance Plc, has disclosed Profit After Tax of N2.567 billion fir the year 2022.
Also , its Profit Before Tax (PBT) within same period stood at N2.696 billion.
The firm also in the 2022 full-year financial results published on NGX Limited, recorded a gross written premium (GWP) of N12.98 billion, as against N11.16 billion in 2021, a 16 percent increase.
The underwriting firm also recorded N506.162 million underwriting profit, a growth of 120 per cent when compared with the figure in 2021.
With full maximisation of its investment returns, Linkage Assurance saw income from investment boosting bottom-line stronger after a successful underwriting year.
Total assets at the end of the review year stood at N39.998 billion, a 3 percent increase from N38.710 billion in the previous year.
Daniel Braie, Managing Director/CEO, Linkage Assurance Plc commenting on performance of the Company said the underwriting firm has continued to pay attention to customer satisfaction through excellent service delivery and prompt settlement of all genuine claims.
He said the Company is focused on maximising its potential in key segments of the market where it plays strongly and would continue to ensure it creates value for its teaming shareholders.
“As an organization, we shall continue to refine our strategy in line with our strategic focus for the year and theme. Our theme for 2023 is “Consolidation”, and this informs our strategic intent along the four pillars of Business growth, Operational excellence, financial excellence, and Customer & People.”
Braie said the company has identified strategic focus, which will guide it as compass in her quest to navigate through the highly competitive insurance market to increase market share in the most profitable sectors and offer excellent customer experience to all its clients.
“As part of our agile strategy, we shall leverage on the technology to improve our products and services especially to our direct and personal clients. This is also part of digital transformation initiatives.”
Also, having recognized the impact of certain products lines like motor insurance on our portfolio, we are positioned to offer to our client’s different options of motor insurance according to their risk exposure(s), willingness and ability to pay, Braie said.
Linkage Assurance Plc. is in business to provide first class insurance and other financial services to the Nigerian Insurance market. To achieve this, it has deployed exemplary management, best in class information technology infrastructure, well trained and motivated work force as vehicle for achieving the superior returns expected by shareholders.