November 29, 2022



Digital optimisation lifts PZL annual revenue by 75%

A citizen in Shanghai pays for fruits with digital RMB at a farmers’ market within the metropolis, April 20, 2021. (Photograph by Wang Gang/Folks’s Every day On-line)

Regardless of harsh working atmosphere experiencing the nation, Prudential Zenith Life Insurance coverage Restricted (PZL) has recorded a Revenue After Tax  (PAT) of N1.13 billion for the Monetary yr ended December 31, 2021.

The quantity represents a rise of N484 million in opposition to  N646 million achieved within the corresponding interval in 2020.

Particularly, the agency’s audited monetary outcomes confirmed 75 per cent rise in PAT to N1.13 billion in comparison with the N646 million recorded within the corresponding interval in 2020.

Its Gross Written Premium (GWP) and Annualised Premium Equal (APE) grew by 16.3 per cent and 9.3 per cent respectively pushed by 27 per cent development in new enterprise acquisition for Group Life written through the interval.

Moreover, the corporate’s funding earnings grew by 30 per cent year-on-year attributable to a major improve within the interest-generating property of the corporate whereas the fee earnings additionally elevated by 43 per cent through the interval.

Based on the corporate, the monetary efficiency is a testomony to the continued concentrate on investments, as the corporate stays dedicated to constructing a robust market-leading place in Nigeria by enhancing its capabilities, strengthening its digitally enabled multi-channel distribution community, and broadening the vary of services and products which are obtainable to prospects with a view to meet their wants.

It assured stakeholders that the corporate would proceed to develop and launch distinctive merchandise to fulfill prospects’ wants, leveraging expertise and its core company governance construction to ship sooner claims settlement. The corporate can even proceed to prioritise the well being, security, and welfare of consumers that subscribe to its distinctive insurance coverage product choices.

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