• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Linkage Assurance Plc set to pay dividend to shareholders

Damilare Famuyiwa by Damilare Famuyiwa
September 3, 2018
in Business News, Company News
Joshua Bernard Fumudoh
Share on FacebookShare on TwitterShare on Linkedin

The Chairman of Linkage Assurance Plc, Joshua Bernard Fumudoh has disclosed that shareholders of the company will get dividend payment of five kobo per share for the 2017 financial year.

Fumudoh who announced it at the 24th Annual General Meeting of the insurance firm said Linkage Assurance Plc recorded a gross premium written of N4.1 billion as against N4.03 billion in 2016.

The Chairman added that profit before tax rose by 218 percent to N2.9 billion from N942.7 million, while profit after tax also appreciated by 431 percent to N2.9 billion in 2017. This is as total assets appreciated by 15 percent to N23.3 billion in 2017, from N20.3 billion in the previous year.

RelatedStories

Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 

Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 

May 21, 2025
Tony Elumelu’s companies record N278.8 billion capital gains in 2 days 

Billionaire investor, Tony Elumelu to get N12.71 billion in UBA dividend for 2024 

March 29, 2025

Fumudoh further revealed that the company was determined to take advantage of developments in the economy by developing strategic initiatives such as deployment of online portal for selling of motor insurance, as well as repositioning its bouquet of retail products like the Third Party Plus (a budget friendly motor insurance plan) to ensure sustainable growth for the company in 2018 and beyond.

In its half-year 2018 results for the period ended June 2018, Linkage Assurance Plc recorded a gross premium income of N2.49 billion in 2018 as against N2.06 billion in the same period in 2017, which shows an increase of N436 million.

Profit before tax, however, dropped from N2.44 billion in H1 2017 to N750 million in 2018. In the same vein, profit after tax slipped from N2.29 billion in H1 2017 to N493 million in 2018. The company reported an earning per share of 6.2 kobo in this period, compared to 28.7 declared in 2017.

As at Friday, 31st of August, 2018, Linkage Assurance Plc traded at N0.75 during trading session on the floor of the Nigerian Stock Exchange (NSE).

Linkage assurance Plc was incorporated on March 26, 1991 and was licensed to cover and transact non-life insurance businesses on October 7, 1993.

The firm is one of the leading insurance service providers in Nigeria, with a reputation for prompt and accurate service delivery, efficiency and customer satisfaction.


Follow us for Breaking News and Market Intelligence.
Tags: dividendLinkage Assurance PlcShareholders
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Related Posts

Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 
Company Results

Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 

May 21, 2025
Tony Elumelu’s companies record N278.8 billion capital gains in 2 days 
Billionaire Watch

Billionaire investor, Tony Elumelu to get N12.71 billion in UBA dividend for 2024 

March 29, 2025
Dangote Cement
Financial Analysis

Dangote Cement’s 2024 N30 dividend: Will it reignite another share price rally? 

March 3, 2025
First Bank
Company News

FBN Holdings takes steps to safeguard company interests amid EGM demand reports 

January 10, 2025
Stanbic IBTC: Buy, sell or hold 
Company News

Stanbic IBTC to pay interim dividend worth N25.9 billion to shareholders –What you need to know 

September 8, 2024
Record-breaking gains: United Capital Plc thrills shareholders with exceptional N0.90 interim dividend and bonus shares of ‘2-for-1’
Companies

Record-breaking gains: United Capital Plc thrills shareholders with exceptional N0.90 interim dividend and bonus shares of ‘2-for-1’

July 25, 2024
Next Post
MTN Nigeria

Uncertainty beclouds MTN's planned IPO due to $8.1bn controversy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • TikTok removes over 3.6 million Nigerian videos in Q1 2025  
  • Superman opens with N133.7 million ticket sales at Nigerian box office
  • WHO, UNICEF warn of rising immunization gaps as nearly 20 million infants missed vaccination in 2024 

Follow us on social media:

Recent News

TikTok

TikTok removes over 3.6 million Nigerian videos in Q1 2025  

July 15, 2025
Superman opens with N133.7 million ticket sales at Nigerian box office

Superman opens with N133.7 million ticket sales at Nigerian box office

July 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics