The shareholders of Anchor Insurance has approved a dividend of 2 Kobo per ordinary shares for the year ended 2017. The approval was unanimously made at the company’s 28th Annual General Meeting (AGM), held at Le-Meridien Ibom Hotel and Golf Resort near Uyo, Akwa Ibom State.
The approved 2 Kobo per ordinary shares for the year ended 2017, would be a negative contrast to the N3.6 Kobo per share paid for the 2016 financial year.
The company’s Chairman, Board of Directors, Dr. Elijah Akpan, in his remarks said, the company made positive headways in some key indices in 2017 despite the Nigerian insurance sector’s abysmal performance in 2016.
Anchor Insurance had released its financial results for the year ended December 31, 2017.
The company’s gross premium written grew from N2.1 billion in 2016 N2.2 billion in 2017. Investment and other incomes grew to N231.4 million in 2017 from N212.3 million in 2016, while shareholders funds’ also rose to N5.07 billion from N4.74 billion in 2016.
The company paid out claims to policyholders to the tune of N540.1 million as against N268.2 million paid in 2016.
Nairametrics had reported that Anchor Insurance Company Limited appointed a new Managing Director.
In a statement by the company’s Brand and Corporate Communications Manager, Jamiu Osoba announced Augustine Ebose as the new managing director. This was sequel to his confirmation by the National Insurance Commission NAICOM.
Prior to his appointment, Ebose was the company’s Executive Director overseeing the business and marketing chains of the company.
About Anchor Insurance
Anchor Insurance Company Limited was licensed in October 1989 as a General Business (Non-life) Insurance outfit and started operations in November of the same year. In January 1992, the Company added Life/Pension class of Insurance to its business portfolio thereby attaining the status of a Composite Insurance Company.
In 1998, Anchor Insurance Company Limited was re-registered by the National Insurance Commission (NAICOM) as a composite insurance company.
