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Veritas Kapital Assurance Plc (Nigeria)

Main Activities: Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Veritas Kapital Assurance Plc Profile Updated: August 02, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Veritas Kapital Assurance Plc, located in Abuja, is one of Nigeria's leading insurance companies. Formerly known as UnityKapital Assurance Plc, it was incorporated in 1973 as a private liability company under the name Kano State Insurance Company. The company is registered as a general business company and offers non-life insurance products and services to individuals and institutions across Nigeria.

Headquarters
Plot 497 Abogo Largema Street, Off Constitution Avenue, Central Business District
Abuja; Federal Capital Territory; Postal Code: 13233

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Website: http://www.veritaskapital.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1973
Key Executives
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Chairman
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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52.8%
Subsidiaries
Fug Pensions Limited
Health Care Securities Limited
Company Performance
Financial values in the chart are available after Veritas Kapital Assurance Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency NGN. Absolute financial data is included in the purchased report.
Net insurance premium revenue
43.16%
Operating profit (EBIT)
574.9%
Net Profit (Loss) for the Period
375.6%
Total assets
62.52%
Investments
47.66%
Receivables
18.72%
Total equity
59.12%
Net Premiums Earned Trend
37.22%
Net Profit Trend
N/A
Return on Equity (ROE)
16%
Underwriting Expenses Ratio
-52.56%

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