Guinea Insurance Injects N900 Million Capital Into Business

Guinea Insurance Plc says it has injected not less than N900 million as capital into its business in 2022.

Ademola Abidogun, Managing Director/Chief Executive Officer of Guinea Insurance, made this known at a news conference on Thursday in Lagos.

According to Abidogun, the company is in the process of listing 1.8 billion shares and it has enough funds and over N2 billion cash under its management for business.

He disclosed that the underwriting firm made the highest Gross Premium Written (GPI) of N1.4 billion in 2022, higher than the figure recorded in the last 10 years.

Abidogun said the insurance company is also working to improve its investment portfolio as the fund is essential to sustain a business.