Capital Express Life Assurance Shareholders' Fund Hits N14 Billion in 2024
Capital Express Life Assurance Limited announced a 53% increase in its shareholders' fund, reaching N14.11 billion in 2024, attributed to capital injection and improved investment income. Despite economic challenges, the company saw a 32% increase in insurance revenue, reaching N7.2 billion, and a rise in gross premium products to N9.35 billion.
The profit before tax stood at N303 million, showcasing operational efficiency and strong risk management. The company's total assets rose by 34% to N24.38 billion, reflecting resilience and disciplined performance.
The management outlined plans to deepen digital strategies and enhance customer engagement in the coming year.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Capital Express Life Assurance Grows Fund by 53% in 2024, Reaches N14.1 Billion
Capital Express Life Assurance Leading Innovation in Nigerian Insurance
CHI Life Assurance Launches in Nigeria with N10 Billion Capital
Africa Prudential Records 75% PBT Growth, N41.35bn Assets In H1
FCMB Group Eyes Global Expansion With New Equity Capital Offering
Nigerian Equities Surge, Market Capitalization Up by N144 Billion
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
