Linkage Assurance

According to the financial statement made available to the Nigerian Stock Exchange (NSE), Linkage during the period under review posted a Gross Premium Written (GPW) income of N4.130 billion as against N3.650 billion the previous year.

With efficient risk management, the underwriter during the period returned to profitability in underwriting performance, posting a 176 per cent increase, as the figure moved from negative N367.11 million in 2018 to positive N296.06 million.

The company’s total assets also grew by 8 percent, moving from N23.14 billion to N24.86 billion at the end of June 2019.

The Managing Director, Daniel Braie said the Company has diversified its portfolio to achieve income efficiency with quality risk management, noting that management is actively watching its cost to ensure that it delivers value to shareholders.

In terms of compliance to regulatory requirements, we are up and doing to ensure we remain above board and maintain our position in the industry, Braie said.

 

Source: Nation Newspaper

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