FBNInsurance Limited, within the first half of 2020, paid N4.4b in claims. This represents a 26.7 percent increase year-on-year when compared to N3.4b paid during the same period in 2019.
The MD/CEO, Val Ojumah, disclosed to the media in Lagos, that prompt settlement of customers claims is one of their underpinning business success as it strives to continually boost customers confidence and trust during the 10 years of the company’s existence.
He said: “As a responsive and reliable insurer, we have during this turbulent time kept our promise to our customers by paying claims promptly. Our focus remains to provide financial security and relief to our esteemed customers especially at this trying time.”
On another front, the company announced dividend of 97k per share paid to shareholders at a recent virtual AGM. This represents a 49% increase over the 65k per share paid in 2018. The company said it has consistently paid dividend to its shareholders since 2013.
Its total assts grew from N70.5b to N109b, representing 55% growth year-on-year of which over 90% are in liquid assets.
Besides, the firm said it is committed to delivery of seamless service to its customers by investing and upgrading its digital platforms.