Shareholders of FBNInsurance approve N0.74 kobo dividend per share for 2021

Shareholders of FBNInsurance Limited have approved a full-year dividend of 74 kobo per ordinary share for the year-end 2021.

Speaking at the insurer Annual General Meeting(AGM), recently held in Lagos, the Managing Director/Chief Executive Officer of FBNInsurance Limited, Mr Val Ojumah, stated that the company’s financial performance in 2021 demonstrates its strong footing despite the challenging operating environment in 2021.

According to him, we are pleased with our 2021 financial year-end results and also grateful for the trust that our shareholders have in our ability to continue to grow the business.

“While the nation anticipates an improved economy, FBNInsurance Limited remains adaptable and responsive to the unfolding trends, modifying plans and operations in a manner that would ensure the company achieves its strategic objectives.”

The dividend declared for the year 2021 is a six per cent increase from the 70k that was declared in 2020. It is worthy to note that FBNInsurance Limited has consistently paid dividends to its shareholders in the last 8 years.

Recall that it was earlier reported that the underwriting firm paid claims to the tune of N16.1 billion to its customers in 2021.

FBNInsurance is a Limited Liability Company licensed to transact Life Insurance business in Nigeria, providing cover for Individual and corporate clients with a strong presence in almost every state in the country.