August 16, 2022

Reporters’ Diary

Factual Reportage

Sunu Assurance grows GPW by 53 % in 1st quarter

Sunu Assurance Nig. Plc has announced that its group Gross Premium Written (GPW) witnessed a 53.16 per cent increase from N1. 471 billion in first quarter 2020 to N2.252 billion in first quarter of 2021.

This is contained in the company’s statement of profit and loss and other comprehensive income for the first quarter ended March 31, 2021.

The insurer said that it was able to cut its loss for the period by 58.23 per cent to N 319.121 million from the N763.906 million loss recorded in 2020.

Sunu Insurance offers non -life insurance for the domestic and corporate sectors as well as asset management and health management services.