| |
The Company’s strength is in its asset base which comprises a mix of quality real assets and high performing investments.
UNIC”s paid up capital of N 397.6M is in excess of the minimum requirement for Composite Insurance Companies operating in Nigeria.
| Assets |
2004 |
2003 |
2002 |
| |
=N='000 |
=N='000 |
=N='000 |
| CASH & SHORT TERM INVESTMENTS |
408,420 |
628,341 |
823,420 |
| DUE FROM AGENTS & COMPANIES |
- |
- |
4,271 |
OTHER ASSETS |
943,154 |
434,998 |
454,725 |
EQUIPMENT ON LEASE |
88,768 |
156,257 |
103,274 |
LONG TERM INVESTMENTS |
1,737,968 |
743,512 |
353,886 |
STATUTORY DEPOSIT |
35,000 |
35,000 |
13,500 |
FIXED ASSETS |
228,995 |
239,296 |
273,100 |
|
|
|
|
TOTAL ASSETS |
3,442,305 |
2,237,404 |
2,026,176 |
|
