The Chairman of Law Union and Rock Insurance Plc, Adenike Adeniran, said the company’s gross premium for 2014 leaped by 21 per cent to N4.16 billion from N3.44 billion in 2013.
Also, its shareholders value leaped from N4.17 billion in 2013 to N4.18 billion in 2014; while it’s underwriting profit stood at N1.03 billion in the period under review.
The chairman stated this at the 46th annual general meeting of the company held in Lagos.
She also said as part of its growth strategy, Law Union and Rock was focused on quality workforce to grow its market share.
“We are fortifying our workforce by attracting good hands and through training and retraining, making them perform at peak levels,” she said.
Adeniran added that the future outlook of the insurance industry was bright and the company was determined not to be left behind in the scheme of things.
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