Custodian & Allied Insurance said its net profit for the third quarter of the year rose to NGN4,1 billion compared to NGN3,8 billion reported in the year before.
The company reported one of the best result in the insurance industry as its gross premium written for the third quarter rose to NGN25,6 billion compared to NGN17,5 billion in the year before.
Total asset has increased to NGN69 billion compared to NGN56 billion in the previous year. The company’s liabilities have slightly also increased to NGN41 billion versus NGN30 billion declared last year.
Custodian and Allied Plc. (CA Plc) is a holding company with leading specialist companies and brands including Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees Limited and Crusader Sterling Pensions Limited; all rendering best in class services in its versatile fold.
CA Plc. is managed by a Board comprising thorough bred professionals with proven track records in their various fields of endeavor, who bring broad and deep insights derived from several years of fruitful and eventful years of experience to bear.
Currently, with the Custodian Group assets in excess of N48billion and a gross written premium of over N11.5billion, the group sits comfortably within the top bracket of eminent players in Nigeria’s other financial services sector.