SUNU Assurances pays N2.6bn claims

Sunu Assurances Nigeria Plc has paid N2.6 billion as claims in 2021 to various policyholders.

According to the company’s 2021 annual report, the gross claims paid during 2021 increased to N2.6 billion from N1.7 billion in 2020 by 50 percent largely due to claims resulting from protest and others.

The company also posted a Profit Before Tax of N488 million in the financial year 2021 from N313 million recorded in 2020.

The N488 million PBT made in 2021 by SUNU and its subsidiary companies, represents a 56 per cent growth when compared to the

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N313 million realised in 2020.

Gross Written Premium for the Group grew from N4.2 billion in 2020 to N6.1 billion in 2021. This represents a growth of N1.9 billion in value and 46 per cent in percentage terms due to improved financial stability and sustained business relationship in the insurance market.