Capital Express Life Assurance Grows Fund by 53% in 2024, Reaches N14.1 Billion

Capital Express Life Assurance, led by Chairman Otumba Ademola Adenuga, announced a remarkable 53% growth in its shareholder fund, reaching N14.1 billion by the end of 2024. The company also saw a 32% rise in insurance revenue, reaching N7.2 billion, and a 34% increase in total assets to N24.38 billion.

Despite economic headwinds, the company maintained a positive trend of growth, with gross premium profit before tax standing at N303 million. The management, including CEO Mathew Ogwezhi, expressed optimism for the future, outlining plans to enhance technological operations and customer engagement in the coming year.