This achievement highlighted the group’s robust financial strategies, steadfast commitment to excellence, and dedication to creating value for its stakeholders.
The group’s net insurance and investment result experienced an impressive growth of 679 per cent compared to the same period in the previous year, further solidifying its position as a key player in the industry.
The group’s commitment to enhancing shareholder value is evident in the significant increase of N979.7 million in shareholders’ funds, reaching an impressive N13.5 billion.
In parallel, the total assets of the group have surged by N3.75 billion, reaching a total of N21.4 billion, reflecting a remarkable 21% increase in the first six months of 2023.
The Managing Director/Chief Executive Officer of the firm, Kenneth Egbaran, said the performance of the results is attributed to the company’s strategic and prudent investment decisions.
He noted that these results are a testament to the company’s relentless pursuit of excellence and its commitment to delivering a seamless and customer-centric experience to its clients.
“We are thrilled to witness the tangible outcomes of our strategic initiatives and prudent investments,” said Kenneth Egbaran. “Veritas Kapital Assurance remains steadfast in its mission to be one of the leading insurance companies in Nigeria, while continuously delivering exceptional value to our shareholders, clients, and partners.”
Veritas Kapital Assurance’s Q2 2023 financial results underscore its position as a frontrunner in the insurance sector.
The company’s relentless pursuit of growth and innovation has not only led to substantial financial gains but also solidified its reputation as a trusted partner for individuals and businesses seeking bespoke insurance solutions.
