Shareholders of Linkage Assurance Plc have expressed their appreciation for the exemplary performance of the company's Board and Management during the 2023 financial year, which yielded substantial returns on investment.
The shareholders, who conveyed their enthusiasm regarding a
5-kobo dividend and a bonus issue of one for every ten shares announced at the
Insurer’s 30th Annual General Meeting (AGM) in Lagos, acknowledged the positive
results despite the difficulties faced in the operating environment.
Chief Joshua Fumudoh, Chairman of Linkage Assurance,
remarked that the company achieved commendable results in light of these
challenges and affirmed the commitment to continue distributing dividends as
the company maintains its growth trajectory.
Several shareholders, including Boniface Okezie, Nona Awoh,
Williams Adebayo, Adetutu Siyanbola, and Timothy Adesiyan, commended the
performance and urged the board to formulate strategies that would sustain
growth, enhance investment for increased income, and build capacity in
anticipation of potential recapitalization within the insurance sector.
Fumudoh provided a performance overview, noting that the
company increased its insurance revenue to N14.8 billion in 2023 from N12.5
billion in 2022, reflecting a growth rate of 19 percent.
Additionally, investment and other income surged by 80
percent to N9.07 billion, compared to N5.04 billion in 2022.
In his remarks, Daniel Braie, Managing Director/CEO of
Linkage Assurance, emphasized the company's unwavering commitment to excellence
and innovation.
He stated, “We are optimistic about the opportunities ahead
and prepared to navigate any challenges that arise. Our strategic focus centres
on driving growth, sustaining profitability, and delivering value to our
stakeholders.”