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Overview and Highlights

 

Overview & Financial Highlights

We have a B+ (Good) AM Best Security Rating for financial strength with a stable outlook and commendation for robust risk-adjusted capital and consistent performance.  We have a track record of positive underwriting results and earnings and distribution of dividends to our shareholders.

 

Statement of financial position

 

Our balance sheet reflects our strong and growing financial base that is backed by solid assets and liquidity

 

 

NGN (N'000)

USD ($000)

 

2015

2014

2015

2014

Share Capital

5,186,372

5,186,372

26,394

26,394

Shareholders' Funds

15,537,191

14,776,380

79,070

75,198

Total Assets

29,668,730

28,207,644

150,986

143,550

Investments

19,096,998

18,499,064

97,186

94,143

 

Statement of comprehensive income

We have a track record of positive underwriting results and earnings and distribution of dividends to our shareholders

 

 

NGN (N'000)

USD ($000)

 

2015

2014

2015

2014

Gross premium

19,738,040

16,436,778

100,448

83,648

Net premium

17,253,627

14,477,545

87,805

73,677

Underwriting Profit

2,055,703

1,367,065

10,462

6,957

Investment Income

1,877,867

1,034,403

9,557

5,264

Profit Before Tax

2,915,593

1,587,969

14,838

8,081

 

 

 

 

 

 

The Profit & Loss account, Balance Sheet and Five-year Financial Summary of Continental Re can be found  here