Noor Takaful Insurance Records N1.87bn Profit, Approves Dividend Increase

Noor Takaful Insurance Limited reported a profit after tax (PAT) of N1.87 billion in the 2024 financial year, marking a significant 79% increase from the previous year. The company's board approved a dividend of 5 kobo per share for the same year, reflecting a growth in dividend payout.

Despite facing challenges in the operating environment, including high inflation and currency volatility, the company remained resilient and achieved strong profitability through prudent underwriting and risk management. The Chairman, Ambassador Shuaibu Ahmed, highlighted the company's growth and commitment to delivering lasting value amidst economic uncertainties.