Company Watch: ADIC Insurance Limited Posts N1.32Billion Profit After Tax, Illustrates Underwriting Efficiency

ADIC Insurance Ltd, a company licensed to underwrite both life and non-life insurance risks in Nigeria, has released its audited financial statement for the year ended December 31, 2012. The results showed an increase in profit before tax to the tune of N1.32billion, as against the amount of N810milion for the year ended December 2011.
A statement by the company after its just-concluded annual general meeting showed that the increase in profit is made possible due to the company’s proactive underwriting policy

ADIC Insurance Posts N1.32bn Profit, Illustrates Underwriting Efficiency