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Shareholders task insurers on education investments

By Bankole Orimisan
01 August 2022   |   3:39 am
Shareholders in the insurance industry have called on underwriting companies to invest more in the educational sector to drive quality of learning among Nigerians.

Shareholders in the insurance industry have called on underwriting companies to invest more in the educational sector to drive quality of learning among Nigerians.

The shareholders also expressed their satisfaction with Cornerstone Insurance Plc, in job creation and sustaining a gross premium income (GPI) of N20.9 billion and prompt payment of dividend

The President of the Nigerian Shareholders’ Solidarity Association (NSSA), Timothy Adesiyan, applauded the firm for its outstanding financial performance despite the economic challenges in the country.

He lauded the management of the insurance firm for providing jobs for Nigerians.

The Chairman of the Independent Shareholders Association of Nigeria (ISAN), Dr. Anthony Omojola, expressed appreciation to the firm for the dividend payout at a time most companies are not thinking of shareholders’ welfare.

Chairman, Cornerstone Insurance Plc, Segun Adebanji, urged shareholders and management of the firm to sustain the growth trajectory, saying that the business environment currently is tough.

Commenting on the results, the Group Managing Director, Ganiyu Musa, said the firm’s performance in 2021 was as a result of strict adherence to a well-laid out long-term growth strategy based on sound business principles and core values.

According to him, the financial indices indicators show that gross premium income appreciated to N20.9 billion when compared to N17.5 billion reported in 2020, indicating an increase of 19 per cent.