Crown Takaful Distributes N100.9m Surplus to Participants

Crown Takaful Insurance Limited, recognized as Nigeria’s leading ethical insurance company, has achieved a significant milestone by distributing a total surplus of N100.9 million to its participants. This decision was made by the Board after receiving regulatory approval from the National Insurance Commission (NAICOM).

Surplus sharing is a core principle of the Takaful insurance model, which emphasizes mutual cooperation among participants. The Managing Director/CEO, Mr. Nasir Abubakar Song, stated that this accomplishment reflects the trust participants have in the company and the commitment to high operational standards.

He emphasized that the approval to distribute surplus is a fulfillment of the promise made to participants, showcasing Takaful as a means of shared prosperity. Since its licensing and commencement of operations in 2024, Crown Takaful Insurance has recorded approximately N1.935 billion in gross contributions, marking a successful first year in the ethical insurance landscape.