Capital Express Life Assurance Limited was thinking ahead of the insurance industry recapitalisation, announcing already achieved 53 percent increase in shareholders’ fund, from N9.22 billion in 2023 to N14.11 billion in 2024, buoyed by capital injection and improved investment income.
The life specialist firm, during its 24th Annual General Meeting in Lagos, said the financial results for the year ended December 31, 2024, achieved significant year-on-year growth despite persistent economic headwinds in Nigeria and globally.
Its Insurance Revenue rose from N5.45 billion in 2023 to N7.2 billion in 2024, a 32 percent increase.