Great nigeria insurance reports NGN475.1 million loss for 2016

Niger Insurance

Great Nigeria insurance plc for the full year 2016 reported NGN475.1 million loss in contrast to NGN526.5 million profit recorded same period in the financial year 2015.

The insurance company said its gross premium income was NGN2.7 billion compared NGN2.9 billion in the year before while net income was NGN2.2 billion against NGN2.5 billion in the year before.

Great Nigeria insurance plc’s total assets was NGN10.0 billion in contrast to NGN10.7 billion in the year before while total liabilities was NGN4.5 billion against NGN4.8 billion oh n the year before.