| |
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 |
| GROSS EARNINGS |
1,259,241 |
1,200,133 |
1,068,064 |
| NET WRITTEN PREMIUM |
589,378 |
554,309 |
619,242 |
PROFIT BEFORE TAXATION |
246,120 |
260,707 |
107,088 |
TAXATION |
23,316 |
12,492 |
4,715 |
PROFIT AFTER TAXATION |
1,737,968 |
743,512 |
353,886 |
|
|
|
|
TOTAL ASSETS |
3,442,305 |
2,237,404 |
2,026,176 |
|
