Proshare Logo
   Market Date: 30-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Crusader Insurance earns N1.03 bn income

Category: Daily & Weekly Market Updates

  Read (1125)
Crusader Insurance earns N1.03 bn income

July 04, 2005/Source The Guardian



CRUSADER Insurance (Nigeria) Plc despite the difficult environment, recorded a premium income of N1.003 billion for the year ended December 31, 2004.

The impressive performance represents 23.5 per cent increase over N812.182 billion recorded in year 2003.

Also, profit after taxation (pat) went up by 103.4 per cent from N88.81 million in year 2003 to N180.596 million last year.

Besides, total assets went up by 28.5 per cent from N3.634 billion in year 2003 to N4.672 in year 2004, while the company\'s paid up capital went up by 20.7 per cent from N352.546 million to N425.635 million.

The chairman of the company, Prof. Monsur Kenku addressing shareholders at the 35th yearly general meeting in Lagos on Tuesday said: \"These are good times for our company. As reported, we had very strong fundamentals as earnings and profitability has shown upward trend since the last five years. The board and management conscious of the need that this is not the time to rest.\"

According to him: \"This is time to be proactive and take a strategic look at our business in order to sustain our profitable growth. In the light of the above and to take the company to the next level, the company engaged the services of KPMG professionals (a firm of chartered accountants) to work with the board, management and staff of the company to craft profitable growth strategies for the next five years.

He said: \"The outcome of the project resulted in re-defining the company\'s vision and mission statements and its core values which are integrity, professionalism, team spirit, passion to be the best and customer focus. Your company\'s vision is to be the preferred financial institution, providing world class insurance and investment management services\" and the re-defined mission statement is \"providing innovative and excellent financial services by highly skilled and motivated professionals, employing state of the art technology in delivering high returns to our shareholders while remaining a socially responsible organisation.\"

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Daily & Weekly Market Updates

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014