Press Release 2024
Unitrust Insurance Announces Impressive Performance and Record Claims Paid.
Unitrust Insurance is pleased to announce its half-year 2024 performance marked by significant growth and a record number of claims paid. This success underscores Unitrust’s commitment to providing unparalleled service and support to its valued policyholders.
Highlights of our Performance
Robust Financial Growth: Unitrust Insurance reported a 78% increase in her year-on-year revenue, reaching a total of N 8,206,125,606.29 as against N 4,617,709,244.30 recorded for the same period in 2023. This growth reflects the company's successful execution of its strategic initiatives, excellent service delivery, robust underwriting practices, and a diversified portfolio.
Record Claims Paid: Demonstrating an unwavering commitment to customers, Unitrust Insurance paid N2,463,042,690.81 to policyholders for the period under review as against N685,268,927.80 paid in 2023. This milestone highlights unitrust dedication to providing timely and fair compensation to policyholders in their times of need.
Stakeholders Engagement: Earlier in June 2024, Unitrust co-hosted the 2024 NCRIB CEOs Retreat in Uyo, Akwa Ibom State. This sponsorship focuses on fostering professional development and service excellence within the insurance brokerage sector. The NCRIB Chief Executive Officers converged in Uyo for their annual retreat between June 13 and 15, 2024 to review the state of their sub-sector and brainstorm on the way forward. The retreat had as its theme: "Building Institutions that Survive their Promoters".
UNITRUST MD’S REMARKS
"We are incredibly proud of our performance in HY 2024 and the record number of claims we have paid out to our policyholders. This achievement is a testament to the hard work and dedication of our entire team. We remain committed to providing the highest level of service and support to our customers, ensuring their peace of mind in times of need." Adedayo A. Arowojolu/ CEO