The Chairman, NEM Insurance, Dr. Fidelis Chairman, disclosed this during the company’s 52nd annual general meeting in Lagos on Thursday.
“While a gross claim of N11.6bn was incurred in 2021, that of 2020 was N8.4bn, an increase of 26 per cent,” he said. The Group’s profit after tax in the year under review was N4.448bn, from N5.084bn in the previous year, representing a decline of 12.5 per cent, he added.
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