June 17, 2024
Anchor Insurance Defies Economic Odds

Anchor Insurance Defies Economic Odds with Impressive Growth

Anchor Insurance Defies Economic Odds

In the midst of Nigeria’s challenging economic landscape, Anchor Insurance Company Limited emerges as a shining star, proudly flaunting a gross written premium of N3.4 billion by the end of 2018. Now, that’s what I call sailing through stormy waters with style.

Record-breaking Growth

Imagine this: a whopping 54.38 per cent growth from N2.2 billion in 2017! That’s like watching a tiny plant sprout into a mighty tree in just one year. Talk about defying expectations.

Cheers for Shareholders

But wait, there’s more! Shareholders, rejoice! The company has decided to spread some love by announcing a dividend of 2 Kobo per ordinary share. Who said insurance can’t be rewarding?

Teamwork Makes the Dream Work

Dr. Elijah Akpan, the Chairman of the Board of Directors, attributes this phenomenal success to teamwork and sheer determination. It’s like watching a relay race where everyone passes the baton smoothly, leading to victory.

Turning the Premium Narrative Upside Down

Anchors aweigh! The company decided it was time to shake things up by rewriting the premium narrative. With a revamped marketing strategy and some fresh faces in the mix, they sailed straight into success.

Positive Headways Galore

2018 was the year of milestones for Anchor Insurance. From a net premium of N2.8 billion to a profit before tax hike, it seemed like they were unstoppable. It’s like watching a rocket blasting off into the sky, leaving everyone in awe.

Paying Claims Like a Boss

What’s an insurance company without honoring claims? Anchor Insurance made sure genuine claimants got what they deserved, splurging a cool N816.9 million in 2018. Now that’s customer service worth raising a glass to.

Building Dreams, One Multi-Purpose Building at a Time

Not content with just smashing financial goals, Anchor Insurance also unveiled its very own Multi-Purpose Building in Uyo. It’s like they’re saying, “We don’t just insure, we build dreams”

An Exciting Year Ahead

With all these achievements under their belt, 2019 is shaping up to be even more exciting. Brace yourselves for bigger and better things because Anchor Insurance is setting sail for even greater heights.

So, there you have it folks – a tale of resilience, teamwork, and success in the high seas of Nigeria’s insurance sector. Anchor Insurance has proven that with the right crew and a dash of determination, even the stormiest waters can’t hold them back. Fair winds and following seas, Anchor Insurance.

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