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The Universal Insurance Plc. (Nigeria)

Main Activities: Insurance Carriers
Full name: The Universal Insurance Plc. Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

The Universal Insurance Company Limited (UNISURE), now Universal Insurance Plc. was established by the then Eastern Nigeria Government, African Continental Bank Plc in 1961 through an association between Eastern Nigeria Development Corporation (ENDC) and Pearl Assurance Company Limited of London.
The Universal Insurance Company Limited, since its establishment has been on a partnership relationship with Swiss Reinsurance Company of Zurich, which also provided the necessary reinsurance support. Universal Insurance Plc is a highly reputable company renowned for its efficient service delivery and prompt claims settlement. The company transacts all classes of general insurance in addition to Life, Pensions and Health care.Universal Insurance Plc goal is to make insurance products and services accessible to a wide cross section.

Headquarters
8, Gbagada Expressway, Anthony
Lagos; Lagos;

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Website: http://www.universalinsuranceplc.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1961
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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9.3%
Subsidiaries
Universal Hotels Limited.
Company Performance
Financial values in the chart are available after The Universal Insurance Plc. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
65.38%
Operating profit (EBIT)
38.93%
Net Profit (Loss) for the Period
37.86%
Total assets
20.42%
Investments
5.37%
Receivables
86.68%
Total equity
9.68%
Net Premiums Earned Trend
22.8%
Net Profit Trend
-77.44%
Return on Equity (ROE)
1.79%
Loss Ratio
4.88%
Underwriting Expenses Ratio
44.75%

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