PFA grows AUM by over N1trillion, promises better service delivery
Premium Pension Limited has expressed its commitment to better service delivery to customers, especially as its asset under management (AUM) reaches N1 trillion at the end of the 2022 financial year.
Its AUM grew by N120.93 billion compared with the N879.48 billion it recorded at the close of 2021. The growth represented a year-on-year growth rate of 12.08 per cent.
The revenue growth has resulted in a profit before tax (PBT) of N3.988 billion, up by 32.99 per cent year-on-year. The profit after tax (PAT) stood at N2.65 billion, representing 35.51 per cent above the previous year’s record.
Chairman of the board, Ibrahim Alhassan Babayo, expressed satisfaction at the performance of the company at its 18th yearly general meeting held in Abuja.
Babayo, in his address to shareholders, said the total number of retirement savings account holders (RSAs) registered as at December 31, 2022, stood at 774,235, representing 7.85 per cent of the industry’s 9,862,129.
Premium Pension paid a total dividend of N2.65 kobo, amounting to N1.74 billion.
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