Prudential Zenith Life Insurance Grows Assets To 50.2bn in 2022
Mr Chuks Igumbor, MD/CEO
Prudential Zenith Life Insurance said it has grown its assets base to N50.2 billion in 2022 higher than N48 billion posted in the same period in 2022.
The Company also grew its Shareholders Fund to 11.1 billion in 2022, while the its Gross Written Premium (GWP) stood at N6.4 billion during the review period.
The Managing Director/CEO of the Company, Mr. Chuks Igumbor disclosed this at the August edition of the Nigerian Council of Registered Insurance Brokers (NCRIB) Members Evening in Lagos.
Igumbor who was represented at the occasion by Head of Corporate Sales, Dr. Ifeoma Oragwu, said the Shareholders’ Fund of the Company reached N11.1 billion in 2022.
He said the performance was a demonstration of the Company’s efforts to strengthen its capital base and grow its business.
While emphasising the Company’s commitment to providing valuable insurance solutions, Igumbor expressed the Firm’s desire for continued collaboration with the brokers.
He said this highlighted the Company’s focus on the School Fees Protection Plan for students, parents, and the Group Life Plan for Teachers and school administrators.
Igumbor who appreciated the brokers for their continued patronage of Prudential Zenith Life, also urged them to reconsider renewing their partnership with the Company.
PZL remains committed to prioritizing health, safety, and welfare of Nigerians, a commitment that its parent company, Prudential Plc, has held true for over century now, having celebrated its 175 years’ anniversary.
The 175-year milestone not only signifies Prudential’s rich heritage and enduring success, but also exemplifies the company’s commitment to continuous evolution and meeting the ever-changing needs of customers.
Prudential has over the years transformed countless lives through innovative insurance solutions that empower individuals and businesses to achieve financial security and prosperity.
Prudential plc, one of the oldest and most strongly capitalized life insurance companies in the world, acquired a majority stake in Zenith Life Assurance, which gave rise to a new company, Prudential Zenith Life.
