Veritas Kapital settles N1.2b claims, plans robust investment returns
01 October 2018 |
3:16 am
Veritas Kapital Assurance Plc has assured its shareholders of better investment returns, as the company’s growth remains on track, despite the poor economic situation that dominated the financial year ended December 2017. The Chairman of the company, Thomas Etuh, said this at the 41st yearly general meetings held in Abuja, noting that notwithstanding the…
Investment
Veritas Kapital Assurance Plc has assured its shareholders of better investment returns, as the company’s growth remains on track, despite the poor economic situation that dominated the financial year ended December 2017.
The Chairman of the company, Thomas Etuh, said this at the 41st yearly general meetings held in Abuja, noting that notwithstanding the challenges in the operating environment, the capacity of the company to continue to do business on a long-term basis is still solid.
“We are very much aware of the task ahead of us and are prepared to become more productive, smarter and more rigorous in dealing with necessary changes,” he said, adding that the strategic focus continues to lean on sustainable growth, while improving the delivery channels through digital adoption.
“Learning from the past, we have taken deliberate steps risk management framework and corporate governance, and we are now better positioned to deliver comparable performance for 2018 and beyond.”
Meanwhile, in the 2017 financial year, the company recorded positives in key indices, where gross premium generated grew by 14 per cent to N2.41 billion, against N2.110 billion in 2016, while net premium income rose by 10 per cent to N1.792 billion, due to ongoing efforts to reposition the brand for accelerated growth.
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