Sovereign Trust Insurance records N7.1bn gross premium
ABDUL-KHALIQ OLALEKAN
In spite of the turbulent operating environment in the country, Sovereign Trust Insurance Plc (STI), Plc was able to generate N7.13 billion gross premium from the insurance businesses it undertook in 2015 financial year.
The underwriting firm also recorded a 97 per cent growth in its Profit After Tax (PAT), from N294, 943 million in 2014 to N582, 209 million in 2015. This, the firm stated, in a statement made available to Business247 News Online , was achieved as a result of the cost reduction mechanism adopted by the company, in which, management expenses reduced to N1.425 billion against N1.490 billion in the previous year with a 4.6% decrease.
Meanwhile, STI Plc said it is set to hold its 2015 Annual General Meeting (AGM), having been granted approvals for its 2015 Annual Reports and Accounts by the National Insurance Commission (NAICOM) and the Nigerian Stock Exchange (NSE) respectively.
The AGM, set to hold on August 10, in Lagos, will witness the unveiling of the new Chairman of the firm, Mr. Oluseun Ajayi and other members of the newly constituted board.
The erstwhile and pioneer Chairman of the company, H.H. Ephraim F. Faloughi, and other members of the board have retired on April 7, 2016, after two decades of meritorious service to the organisation.
However, Mr. Olaotan Soyinka, Managing Director/CEO of insurance firm, has reiterated the company’s commitment and determination to getting the organization back to sustainable profitability in the years ahead
Athekame Kenneth liked this on Facebook.
I just want to tell you that I’m new to blogging and absolutely enjoyed this blog site. Most likely I’m likely to bookmark your blog post . You surely have remarkable articles and reviews. Bless you for sharing with us your web page.
I simply want to tell you that I am newbie to weblog and honestly enjoyed this blog site. Likely I’m planning to bookmark your blog post . You absolutely come with incredible posts. Cheers for sharing your web site.
I simply want to tell you that I am just all new to blogging and site-building and certainly loved this blog. More than likely I’m want to bookmark your website . You really have tremendous stories. Thanks for revealing your website.
I just want to mention I am just newbie to blogging and really loved you’re web-site. Very likely I’m going to bookmark your website . You amazingly come with wonderful articles and reviews. Bless you for revealing your blog.
I just want to say I’m newbie to blogging and seriously loved your website. More than likely I’m likely to bookmark your blog . You definitely have remarkable writings. Many thanks for sharing with us your website page.
I simply want to tell you that I’m new to blogging and site-building and actually liked your blog. Almost certainly I’m planning to bookmark your website . You certainly have good article content. Thanks a lot for sharing with us your web page.
I simply want to tell you that I’m all new to blogging and seriously liked this blog site. Almost certainly I’m want to bookmark your blog . You definitely come with excellent writings. Thank you for sharing your webpage.
I just want to tell you that I am new to blogging and actually liked your blog site. More than likely I’m planning to bookmark your website . You really come with superb well written articles. Thank you for sharing with us your web page.
I just want to mention I am new to blogs and honestly enjoyed your web page. Probably I’m planning to bookmark your website . You actually have very good articles. Thanks for sharing with us your webpage.
I just want to mention I’m newbie to blogs and certainly liked your blog. More than likely I’m planning to bookmark your website . You certainly have really good articles and reviews. Kudos for sharing your web page.
We’re a group of volunteers and opening a new scheme in our community. Your site offered us with valuable information to work on. You have done an impressive job and our whole community will be grateful to you.
服で一番大切なのはサイズだと思います。よくセールだからといって自分の体に合わない服を買ってしまうことがありますが、あくまでもサイズ重視で服を選ぶほうが良いと思います着まわしができる服を選ぶ
free shipping coupon codes american girl http://www.purevolume.com/listeners/mayowrhjbnnmns/posts/4833137/Coupon+Advice+That+Won%27t+Leave+You+Confused
I’m still learning from you, while I’m improving myself. I certainly love reading all that is posted on your website.Keep the tips coming. I enjoyed it!
9/22/2016 at 18:13:36 Greetings from danglekatangul
Finally someone that knows what they’re talking about.
I was very encouraged to find this site. I wanted to thank you for this special read. I definitely savored every little bit of it and I have you bookmarked to check out new stuff you post. http://www.homedecorated.net
Well-written piece. I just sent this on 9/24/2016 to a fellow student who has been involved in a little research of their own on the topic. To say thanks, they just bought me dinner! So, I guess I should say: Thank you for the meal!
Usually I do not post on blogs, but I would like to say that this article really forced me to do so! Thanks, really nice article.
Hi there! This post couldn’t be written any better! Looking through this article reminds me of my previous roommate! He constantly kept talking about this. I most certainly will send this article to him. Pretty sure he’ll have a great read. Thank you for sharing!|
business247ng.com does it again! Quite a informative site and a well-written article. Keep up the good work!
I’ll gear this review to 2 types of people: current Zune owners who are considering an upgrade, and people trying to decide between a Zune and an iPod. (There are other players worth considering out there, like the Sony Walkman X, but I hope this gives you enough info to make an informed decision of the Zune vs players other than the iPod line as well.)
Apple now has Rhapsody as an app, which is a great start, but it is currently hampered by the inability to store locally on your iPod, and has a dismal 64kbps bit rate. If this changes, then it will somewhat negate this advantage for the Zune, but the 10 songs per month will still be a big plus in Zune Pass’ favor.
Thanks for the inspiring blog you’ve created at business247ng.com. Your enthusiasm is definitely inspiring. Thanks again!
I’m pleased with the way that business247ng.com deals with this type of subject. Usually on point, sometimes controversial, consistently thoughtful as well as stimulating.
Congrats for the great website you’ve created at business247ng.com. Your enthusiastic take on the subject is absolutely contagious. Thanks again!
Aloha, I found your blog on Bing Weblogs and think it is pretty intriguing and delivers fantastic material. Thank you regarding this superb post, I will certainly promote this on Twitter. Have a pleasant day on interior design ideas for home and office
10/2/2016 business247ng.com does it yet again! Very interesting site and a thought-provoking post. Keep up the good work!
I admire the beneficial information and facts you provide in your posts. I will bookmark your blog and have my children examine up right here often. From: home interior decoration design ideas
10/2/2016 Like the site– very user-friendly and much to consider!
Hiya! You some kind of professional website hosting? Great message. Are you able to tell me learn how to subscribe your blog?
Hi, Neat post. There is an issue along with your website in internet explorer, may check this? IE still is the marketplace chief and a big component to folks will pass over your magnificent writing because of this problem.|
Hey, thanks for sharing I always look forward to reading your posts one of the few blogs I still follow home decorated
In my estimation, business247ng.com does a great job of dealing with topics of this kind. While sometimes intentionally contentious, the posts are in the main well researched and challenging.
Interesting, I wonder what the statistics are on your first point there on homedecorated
Like the website– very user-friendly and lots to see!
Never Ever give up: Even though you fail initially; Dont manage to get a great deal of views at first, do your self a favour, do not give up.
In my estimation, business247ng.com does a excellent job of dealing with subjects of this sort. While often intentionally polemic, the information is more often than not well-written and stimulating.
Any other information on this?
Congrats for the noteworthy website you’ve set up at business247ng.com. Your enthusiasm is absolutely contagious. Thanks again!
Finally I found what I was looking for, only took 4 pages of search results.
Like the website– extremely user-friendly and lots to explore!
download film terbaru sub indo has diamond like clarity and also in order for this to be striking you must use both that and.
10/25/2016 @ 11:21:35 Appreciate the website– extremely informative and a lot of stuff to explore!
Pingback: Google
Pingback: Google