BUSINESS

Linkage Assurance Slips Into N2.37Bn Loss In 2021

Linkage Assurance Plc, a major player in the non-life insurance business has released its unaudited financial statements for the year ended 31 December 2021with a slip into N2.372 billion loss from N2.395 profit in 2020.

Highlights of the result showed that gross premium written rose by 34% to N11.161 billion from N8.332 billion; investment and other income dropped by 62% to N1.462 billion fromN3.895 billion.

The company was able to grow its total assets by 3% to 34.851 billion during the year from N33.877 billion in 2020.

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