Sunu Assurances Nigeria forecasts profit after tax of N241.9 million in Q4 2021.

Sunu Assurances Nigeria Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021).

  • Net premium income is expected to hit N3.04 billion during the period under review.
  • Net claims projection of N750.6 million.
  • Operating expenses projection of N1.55 billion.
  • Income tax is projected at N179.3 million.
  • Profit after tax is projected at N241.9 million.

See link to forecasts.

SUNU Assurances Nigeria Plc confirms Taiwo Kuku as substantive secretary.

SUNU Assurances Nigeria Plc has notified its stakeholders and the investing public about the appointment of Mrs Taiwo Kuku as its substantive Secretary/Head of Legal Services, with effect from 1st of August, 2021.

She was appointed Acting Secretary of the company on 7th of June, 2021 following the exit of her predecessor, Mr John Akujieze. The decision to confirm her appointment was taken at the recently concluded Board meeting of the Company held on 29th of July, 2021.

By the virtue of her appointment, Mrs Taiwo will guide the Board of the Company in ensuring strict compliance with regulatory and statutory requirements.


Taiwo Olubunmi Kuku is a lawyer with over 18 years of cognate experience spanning across company secretarial services, corporate governance practices, compliance and general legal practice.

She holds an LLB degree from the Olabisi Onabanjo University (formerly Ogun State University) 2002; and she was subsequently called to the Nigerian Bar in 2003. She is a member of the Nigerian Bar Association (NBA), an Associate Member of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) and the Nigerian Institute of Chartered Arbitrators of Nigeria.



Sunu Assurance Plc announces the resignations of Company Secretary and CFO.

Sunu Assurance Nigeria Plc has announced the resignations of its Chief Financial Officer, Mr Akeem Adamson and Company Secretary, Head of Legal and Chief Compliance Officer, Mr John Akujieze from the service of the company.

The recent shake up was communicated through two separate disclosures, made available on the website of the Nigerian Exchange Group Limited (NGX).

Affirming the recent development, the firm disclosed that the aforementioned personalities tendered their resignation letters and it has been accepted by the Board. In line with this, their resignations will become effective from 7th of September, 2021.

The Board and Management of the company also seized the opportunity to thank the eminent staffs for their contributions and wished them well in their future endeavours.

On the other hand, the board also approved the appointment of Mrs Taiwo Kuku and Mr Theo Lyile as new acting company secretary and CFO respectively.

Sunu Assurances Nigeria Plc (formerly known as Equity Assurance Plc), is an insurance company offering non-life insurance, asset management and health management services to both retail and corporate clients.



Sunu Assurances Nigeria Plc projects profit after tax of N168.6 million in Q3 2021.

Sunu Assurances Nigeria Plc has released its earnings forecasts for the third quarter of the year (Q3, 2021).

  • Net premium income was projected at N2.2 billion.
  • Underwriting income was projected at N2.38 billion.
  • Net claims projection of N429.36 million.
  • Operating expenses projection of N1.24 billion.
  • Profit after tax was projected at N168.6 million.

See link to forecasts.