Universal Insurance Plc set to hold 51st Annual General Meeting (AGM) on September 8.

Universal Insurance Plc has announced that it will be hosting its 51st Annual General Meeting on the 8th day of September, 2021 at 9:00am prompt.

According to a statement signed by the company’s secretary, Chinedu Anthony Onyilimba, and made available on the website of the Nigerian Exchange Group Limited (NGX), the meeting will be held at Radisson Blu Hotel, Ikeja GRA-Lagos on the aforementioned date and time.

Sequel to this, the following topical issues will be discussed;

  • The audited financial statement for the year ended December 31, 2020, and the report of its Directors, auditor, and the audit committee.
  • Board appointments will also be considered and ratified.
  • To fix remuneration of managers and Directors in FY 2021.
  • To elect shareholders’ representatives of the statutory audit committee.

Furthermore, due to the COVID-19 pandemic, attendance of the AGM will be by proxy. Additionally, the firm also announced that the AGM will be streamed live online for shareholders and other stakeholders who will not be attending physically. The link for the AGM online live streaming will be made available on the company’s website at www.universalinsuranceplc.com.

For more information about the AGM, click HERE.


Universal Insurance Plc posts profit after tax of N168.3 million in Q1 2021.

Universal Insurance Plc released its unaudited results for the period ended 31st of March, 2021.

  • Gross premium for the period was N1.6 billion. (+17.83% YoY)
  • Total claims paid was N55.4 million (+575.6% YoY)
  • Underwriting profit was N531.4 million. (-6.1% YoY).
  • Total expenses of N360.34 million. (+7.65% YoY)
  • Profit after tax was N168.3 million. (+54.5% YoY)
  • Earnings per share of 1.1kobo Vs 2.3kobo YoY.

See link to results.