In 2001, the new Management and Board of Directors of the company took a bold decision to write-off a total sum of N 190m in outstanding premiums to clean up the company’s books. Today UNIC Insurance Plc. prides itself as one of the few companies in the Insurance Industry accounting for Premium Income on cash basis. 

Since 2001, the company’s financials has shown steady improvement. We are confident that the trend of positive growth recorded in 2003 and 2004 (un-audited) figures indicated below will continue in 2005.

In 2003, the company prepared Group Financial Statements for the first time consolidating the results of its wholly owned subsidiary - Critical Rescue International. Figures presented for 2003 and 2004 is for the Group.

Unic has consistently maintained solvency margins in excess of the industry average.