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.