2017 NIGERIA INSURANCE DIGEST

Nigeria Insurance Digest 2017 03

Principal Officers Of The Association As At December 2018

Tope Smart Chairman 04 Nigeria Insurance Digest 2017

Principal Officers Of The Association As At December 2018

Ganiyu Musa Segun Balogun Deputy Hon. Treasurer Chairman

Edwin Igbiti Yetunde Ilori Hon. Asst. Director-General Treasurer /CEO

Nigeria Insurance Digest 2017 05

Editorial Board

CHIEF TECHNICAL ADVISER Tope Smart

TECHNICAL ADVISER Ganiyu Musa

EDITOR-IN-CHIEF Yetunde Ilori

EDITOR Lanre Ojuola

ASST. EDITOR Joshua Bolorunduro

Published By Nigerian Insurers Association Registered Office Temporary Office NIA House 264, Ikorodu Road, 42, Saka Tinubu Street, Obanikoro, Lagos, Nigeria. Victoria Island, Lagos. Tel: 08170784444, 08029908531 Email: [email protected] Website: www.nigeriainsurers.org 06 Nigeria Insurance Digest 2017

Foreword

well-developed and vibrant insurance market is a catalyst for economic growth. It provides good mechanism for accumulating long-term funds for infrastructural financing, sustainability for business models, job creation, and an improved standard of living. The drive for reforms in Nigeria insurance sector is geared towards unlocking its inherent but untapped potential as Aencapsulated in EFInA market survey report, which revealed only 1.9% out of 96.4 million adult Nigerian of 18 years and above have insurance in the last accounting year.

The Industry is set to reap the benefit of opportunities and potentials in the economic recovery occasioned by improving crude oil prices and output level stability, improving foreign reserve and declining inflation in the coming years. In line with the Federal Government's decision to focus more attention on the insurance industry and to reposition it for improved growth, the regulator came up with a number of market transformation agenda. Some of these initiatives include the new pricing regime on "Compulsory Insurance", Revised Guidelines on Micro Insurance, while there are on-going discussions on RBS - Risk Based Supervision.

The rise in disposable income, digitalization and automation of insurance services, a growing middle class, better adherence to operational guidelines by market players and innovative service delivery will enable the industry to achieve increased profitability and market penetration. The growth in the industry was buoyed by its Investment Income which rose to N65.88 billion in 2017 compared to N45.32 billion in 2016 representing 45.37% increase. Fresh injection of patient capital and a model that encourages the use of mobile technology and unconventional sales channels are likely to produce better results.

The industry remained resilient, recording a significant increase in the volume of business underwritten in the year 2017. The premium production stood at N365.06 billion compared to N315.96 billion in 2016, representing a percentage increase of 15.53%. The average annual growth rate of the Nigerian insurance sector in the last ten (10) years is 14.29%. Non-life insurance premium income grew by 7.43% while Life insurance business recorded significant feats with a premium growth rate of 27.64%.

This year's edition of the Nigeria Insurance Digest presents the operating performance of the industry in both Life and Non-Life insurance businesses. Data contained in this publication were extracted from the Annual Financial Reports and Accounts of 50 out of 59 member companies of the Association, comprising 14 specialist Life insurance companies, 28 Non-Life insurance companies, 15 composite insurance companies and 2 Reinsurance companies.

This publication will be a useful research tool and an important guide for sound decision making as it highlights the industry operations in premium production, claims paid, investment income, management expenses, commission ratio, loss ratio, expense ratio, investment ratio, distribution of assets and liabilities and reinsurance transactions. Nigeria Insurance Digest 2017 07

Contents

Information About Operating Environment The Association Operating Performance Of Non-life Companies 11. The Nigerian Insurers Association 38. 2017 Marine And Aviation Insurance 13. Objective 20. 2017 Operating Environment Premium Income 14. List Of Governing Council Members 24. Member Companies Transacting 40. Member Companies Ranked In As At December 2017 Non-life Business As At 31st Order Of Gross Premium From 15. Nigerian Insurers Association December, 2017 Their Direct Marine And Aviation Management Team 25. 2017 Motor Insurance Premium Business, (2013-2017) 16. Chairmen And Secretaries Of Income 41. 2017 Ratio Of Gross Claims Paid To Technical Committees 26. Member Companies Ranked In Gross Premium Income Of Marine 17. Member Companies And Types Of Order Of Gross Premium Income And Aviation Business Business Transacted From Their Motor Insurance 42. Growth Of Marine And Aviation 18. Industry Facts Business (2013-2017) Insurance Premium (2008-2017) 27. 2017 Ratio Of Gross Claims Paid To 43. 2017 Workmen Compensation Gross Premium Income Of Insurance Premium Income Motor Business 44. Member Companies Ranked In 28. Growth Of Motor Insurance Order Of Gross Premium From Premium (2008-2017) Their Direct Workmen 29. 2017 Fire Insurance Premium Income Compensation Business, 31. Member Companies Ranked In (2013—2017) Order Of Gross Premium From 45. 2017 Ratio Of Gross Claims Paid To Their Direct Fire Insurance Gross Premium Income Of Business, (2013-2017) Workmen Compensation 32. 2017 Ratio Of Gross Claims Paid To 46. Reinsurance Transactions In Gross Premium Income Of Workmen Compensation & Employers Fire Business Liability Business 2013-2017 33. Growth Of Fire Insurance Premium (2008—2017) 34. 2017 General Accident Insurance Premium Income 35. Member Companies Ranked In Order Of Gross Premium From Their Direct General Accident Insurance Business, (2013 - 2017) 36. 2017 Ratio Of Gross Claims Paid To Gross Premium Income Of General Accident Business 37. Growth Of General Accident Insurance Premium 2008 - 2017 08 Nigeria Insurance Digest 2017

Contents

62. Premium Income, Net Claims, Management Expenses, Total Investment And Investment Income Of Non-life Insurance Companies 2017 63. Gross Claims Paid Non-life Insurance Business 2017 64. Ratio Of Gross Claims Paid To Gross Premium Income Of Non Life Member Companies 2017 65. Ratio Of Net Claims Paid To Net Premium Income Of Non Life Member Companies 2017 67. Ratio Of Management Expenses To Gross Premium Income Of Non Life Member Companies 2017 47. 2017 Oil And Gas Insurance Premium 68. Ratio Of Commission To Gross Income Premium Income Non-life Member Operating Performance Of Life 49. Member Companies Ranked In Companies 2017 Companies Order Of Gross Premium From 69. Ratio Of Investment Income To Their Direct Oil And Gas Business, Total Investment Of Non-Life Member 82. Member Companies Transacting (2013—2017) Companies 2017 Life Insurance Business 50. 2017 Ratio Of Gross Claims Paid To 70. Gross Premium Income Of Non-life As At 31st December, 2017 Gross Premium Income Of Oil And Gas Member Companies (2008-2017) 83. Life Insurance Premium Income, Business 71. Member Companies Ranked In 2017 51. Growth Of Oil & Gas Insurance Order Of Premium From Their Direct 85. Individual Life Insurance Premium Premium (2008-2017) Non - Life Insurance Business (2017) Income 2017 52. 2017 Engineering Insurance Premium 72. Reinsurance Transactions In Non-life 86. Group Life Insurance Premium Income Business 2013 - 2017 Income 2017 53. Member Companies Ranked In Order 73. Comparative Statistics Of Gross 87. Annuity Insurance Premium Of Gross Premium income From Their Premium Income, Claims And Income 2017 Direct Engineering Business (2017) Management Expenses Of 88. Composition Of Life Insurance 54. 2017 Ratio Of Gross Claims Paid To Gross Non - Life Insurance Companies Premium 2017 Premium Income Of Engineering (2013-2017) 89. Ratio Of Gross Claims To Premium Business 74. Assets of Non-Life Insurance Income Of Life Member Companies 55. Growth Of Engineering Insurance Companies 2017 2017 Premium (2008-2017) 76. Distribution Of Assets Of Non-life 90. Ratio Of Net Claims Paid To Net 56. 2017 Miscellaneous Insurance Gross Insurance Companies (2015-2017) Premium Income Of Life Member Premium Income 77. Liabilities of Non-Life Insurance Companies 2017 58. Member Companies Ranked In Companies 2017 91. Ratio Of Management Expenses To Order Of Gross Premium From 78. Distribution Of Liabilities Of Gross Premium Income Of Life Their Direct Miscellaneous Non-life Insurance Companies Member Companies 2017 Business, (2013 - 2017) (2015-2017) 92. Ratio Of Commission To Gross 59. 2017 Ratio Of Gross Claims Paid To 79. Underwriting Profit of Non-life Premium Income Life Member Gross Premium Income Of Member Companies 2017 Companies 2017 Miscellaneous Business 80. Growth Of Non-life Premium 94. Ratio Of Investment Income To 60. Growth Of Miscellaneous Insurance (2008 -2017) Total Investment Of Life Premium (2008- 2017) Member Companies 2017 61. Composition Of Non-life Insurance Premium 95. Premium Income, Net Claims 2017 Management Expenses Total Investment And Income Of Life Insurance Companies 2017 96. Comparative Statistics Of Gross Premium Income Claims And Management Expenses Of Life Insurance Companies (2013-2017) 97. Assets Of Life Insurance Companies 2017 98. Distribution Of Assets Of Life Insurance Companies (2015-2017) 99. Liabilities Of Life Insurance Companies 2017 Nigeria Insurance Digest 2017 09

Contents

100. Distribution Of Liabilities Of Life 117. Gross Premium Income Of Insurance Companies (2015-2017) Member Companies 101. Underwriting Profit Of Life Insurance By Class Of Business (2008- 2017) Business 2017 118. Distribution Of Gross Premium 103. Growth Of Life Insurance Premium By Class Of Business 2017 (2008-2017) 119. Evolution Of Non-life/life Insurance Premium (2008-2018)

Analysis Of Industry Performance Insurance Large Claims

105. Underwriting Performance Of 122. Motor Claims Member Companies Gross 133. Fire And Special Perils Claims Premium, Net Premium, 143. General Accident Claims Profit/loss Before And Aer Tax, 150. Engineering Claims Total Assets (2017) 154. Marine And Aviation Claims 106. Underwriting Performance Of 159. Oil And Gas Claims Member Companies Gross 163. Miscellaneous Claims Premium Income, (2015—2017) 165. Group Life Claims 107. Underwriting Performance Of 183. Individual Life Claims Member Companies Net Premium 188. Annuity Income, (2013—2017) 108. Underwriting Performance Of 191. Directory Of Members Of The NIA Member Companies Profit Before As At 1st January 2018 Tax, (2013—2017) 109. Underwriting Performance Of Member Companies Profit/ Loss Aer Tax (2013-2017) 110. Share Capital Of Member Companies (2013-2017) 112. Shareholders Fund Of Member Companies (2013-2017) 113. Total Assets Of Member Companies (2013-2017) 114. Investment Income And Management Expenses Of Member Companies (2015- 2017) 115. Underwriting Performance Of Member Companies Gross Premium, Net Premium, Risk Retention Ratio, Earning Per Share(Kobo) And Total Assets 2017 116. Summary Of Gross Premium Income And Total Investment (2008 - 2017) 010 Nigeria Insurance Digest 2017

Information About The Association Nigeria Insurance Digest 2017 011

The Nigerian Insurers Association(NIA)

he NIA was established in 1971 as an umbrella association for all insurance and reinsurance companies in Nigeria. It has, since then, offered its members a forum to speak to one another and for all of them to speak with one voice to the Government, its agencies and other parties on matters affecting insurance business. TTo a large extent, the Association has contributed to Government policies on the development and supervision of Insurance business, and from time to time submits to the Government, proposals considered to be in the best interest of the national economy and the Insurance industry in particular.

The NIA organizes conferences, seminars and other events for members and also publishes a wide range of books and journals.

The congress of the Chief Executives of member companies is the Association's highest decision making organ. The Governing The Technical Council consists of Chief Executives of member Committees of the companies elected annually at the General Association have the meeting of all the members. The Governing following Council is furnished regularly with information responsibilities: on issues relating to the practice of insurance by Technical committees namely; Accident (I) Advising the Offices Committee; Accounting Technical Governing Council Committee; Corporate Affairs Committee; Fire on technical and Offices Committee; Human Capital professional Management Committee; Information matters; Technology Committee; Legal Committee; Life (ii) Dealing with Offices Committee; Marine Offices Committee; matters that may Motor Technical Committee, Risk Audit and be referred to them Compliance Committee and Micro Insurance by the Governing Committee. Council; (iii) Carrying out other functions as may be contained in the rules an regulations of the Committee.

Nigeria Insurance Digest 2017 013

Objectives

Our The objectives of the Association as embodied in the Constitution of the Association are as stated hereunder: Objectives To protect, promote and advance the common interest of insurers in Nigeria. To advise members on any action or proposed action by Government or any other authority in connection with any legislation or policy. To advise or consult with the Government regarding any act or thing done or being contemplated by it or its agencies or other statutory bodies with regard to any matter relating to Insurance business. To guide and assist members in complying with laws, regulations, orders and Government directives relating generally to the business of Insurance. To create better understanding of Insurance by all sections of the community including the furtherance of knowledge and research on Insurance and related matters. To collect, collate and disseminate statistical, economic and other information relating to Insurance. To maintain constant dialogue with other trade associations in the Insurance industry with a view to fostering good relationships between them and the NIA as well as the insuring public. To confer, consult, maintain contact and co-operate with individuals, associations, societies, institutions or bodies within or outside Nigeria having objectives similar to those of the Association. To promote personal and friendly corporate relationship among individuals and member companies of the Association.

The above objectives are achieved by: Regular meetings of the Technical committees of the Association every month where issues affecting the industry are addressed. Maintenance of a well equipped research and statistics department. Organizing conferences, seminars and training courses for employees of member companies and interested public. Maintaining highly skilled manpower conversant with modern information and communication technology. Interacting positively with the media and other interested groups. Interacting with supervisory authority and the entire membership of the Association. Publication of technical journals, statistical digests. newsletters and business environment watch. 014 Nigeria Insurance Digest 2017

List Of Governing Council Members As At December 2018

MR. TOPE SMART Chairman Managing Director/CEO Nem Insurance Plc

MR. GANIYU MUSA MR. SEGUN BALOGUN MR. EDWIN F. IGBITI Deputy Chairman Hon.Treasurer Hon. Asst. Treasurer Managing Director/CEO Managing Director/CEO Managing Director/CEO Cornerstone Insurance Plc Lasaco Assurance Plc AIICO Insurance Plc

MR. EDDIE EFEKOHA MR. GODWIN U.S WIGGLE VEN. OLUSOLA O LADIPO AJAYI (Past Chairman) (Past Chairman) (Past Chairman) Managing Director/CEO Consolidated Hallmark Insurance Plc

MR. WOLE B. OSHIN MR. IBIDAPO A. BALOGUN MNI MR. OYE HASSAN ODUKALE mfr (Past Chairman) (Past Chairman) (Past Chairman) Managing Director/CEO Leadway Assurance Company Ltd

PROF. JOE. O. IRUKWU SAN MRS YINKA ADEKOYA MR. KUNLE AHMED (Past Chairman) Managing Director/CEO Managing Director/CEO WAPIC Insurance Plc AXA Mansard Plc.

MR. KEITH ALFORD MRS. FOLASHADE JOSEPH DR. FATAI K. LAWAL Managing Director/CEO Managing Director/CEO Managing Director/CEO Old Mutual Nigeria Life. Ass. Co. Ltd Nigerian Agric Sterling Assurance Limited Insurance Corp

MRS. EBELE NWACHUKWU MRS. BOLA ODUKALE MR. VAL OJUMAH Managing Director/CEO Managing Director/CEO Managing Director/CEO NSIA Insurance Co. Ltd. Capital Express Insurance Co. Ltd FBN Life Insurance Ltd.

MR. OLUSEGUN OMOSEHIN DR. FEMI OYETUNJI MRS. UKACHI ORJI Managing Director/CEO Managing Director/CEO Managing Director/CEO Mutual Benefits Assurance Plc Continental Reinsurance Plc KBL Insurance Ltd.

Nigeria Insurance Digest 2017 015

Nigerian Insurers Association Management Team

Yetunde Ilori Director General/CEO

Lanre Ojuola Director Of Operations

Bola Omole Controller (IT/Research & Statistics)

Davis Iyasere Controller (Corp. Affairs/Admin & HR)

Bose Agbogun Senior Manager (Technical)

Soji Oni Senior Manager (Technical) 016 Nigeria Insurance Digest 2017

Chairmen And Secretaries Of Technical Committees As At December 2018

Accident Offices Committee

Mr. Ayodele lyun Mr. Essien Emmanuel Chairman Secretary Accounting Technical Committee

Njum Onyemenam (Mrs) Mr. Adedokun Wasiu Chairman Secretary Corporate Affairs Committee

Dr. Tunde Odeyemi Mr. Davis Iyasere Chairman Secretary Fire Offices Committee

Mr. Adeseye Ajibulu Mr. Michael Chukwuma Chairman Secretary Human Capital Management Committee

Chief Kole Oluwafemi Mr. Davis Iyasere Chairman Secretary Information Technology Committee

Mr. Kunle Kuponiyi Bola Omole (Mrs) Chairman Secretary Legal Committee

Omowunmi Adewusi (Mrs) Divine Alegbe (Ms) Chairman Secretary Life Offices Committee

Mr. Stephen Alangbo Muibat Jimoh (Mrs) Chairman Secretary Marine Offices Committee

Mr. Adeniyi Oladunjoye Ebunoluwa Omojola (Mrs) Chairman Secretary Micro Insurance Committee

Mr. Imo O. Imo Mr. Dayo Amusa Chairman Secretary Motor Technical Committee

Mr. Rasheed Saka Mr. Dunmoye Ahmed Chairman Secretary Risk, Audit & Compliance Committee

Mr. Ahmed Tiamiyu Bose Agbogun (Mrs) Chairman Secretary Nigeria Insurance Digest 2017 017

Member Companies & Type Of Business Transacted As At 31 December, 2017

S/N NAME OF COMPANY TYPE OF BUSINESS

1 AIICO INSURANCE PLC COMPOSITE 2 AXA MANSARD INSURANCE PLC COMPOSITE 3 CORNERSTONE INSURANCE PLC COMPOSITE 4 ENSURE INSURANCE PLC COMPOSITE 5 GOLDLINK INSURANCE PLC COMPOSITE 6 GREAT NIGERIA INSURANCE PLC COMPOSITE 7 INDUSTRIAL AND GENERAL INSURANCE PLC COMPOSITE 8 LASACO ASSURANCE PLC. COMPOSITE 9 LEADWAY ASSURANCE CO. LTD. COMPOSITE 10 NICON INSURANCE PLC COMPOSITE 11 NIGER INSURANCE PLC COMPOSITE 12 NSIA INSURANCE CO. LTD. COMPOSITE 13 STANDARD ALLIANCE INSURANCE PLC COMPOSITE

1 ALLIANCE & GENERAL INSURANCE CO. LTD. GENERAL 2 ANCHOR INSURANCE CO. LTD GENERAL 3 CONSOLIDATED HALLMARK INSURANCE PLC GENERAL 4 CUSTODIAN AND ALLIED INSURANCE LTD GENERAL 5 FBN GENERAL INSURANCE LTD. GENERAL 6 FIN INSURANCE CO. LTD. GENERAL 7 GUINEA INSURANCE PLC GENERAL 8 INTERNATIONAL ENERGY INSURANCE PLC GENERAL 9 INVESTMENT AND ALLIED INSURANCE PLC GENERAL 10 KBL INSURANCE LTD GENERAL 11 LAW UNION & ROCK INSURANCE PLC GENERAL 12 LINKAGE ASSURANCE PLC GENERAL 13 MUTUAL BENEFIT ASSURANCE PLC. GENERAL 14 NEM INSURANCE PLC GENERAL 15 NIGERIAN AGRICULTURAL INS. CORP GENERAL 16 OLD MUTUAL GENERAL INSURANCE CO. NIG. LTD. GENERAL 17 PRESTIGE ASSURANCE PLC GENERAL 18 REGENCY ALLIANCE INSURANCE PLC GENERAL 19 ROYAL EXCHANGE INS. CO. LTD GENERAL 20 SAHAM UNITRUST INSURANCE NIG. LTD. GENERAL 21 SOVEREIGN TRUST INSURANCE PLC. GENERAL 22 STACO INSURANCE PLC GENERAL 23 STERLING ASSURANCE NIGERIA LTD. GENERAL 24 SUNU ASSURANCES NIGERIA PLC. GENERAL 25 UNIVERSAL INSURANCE PLC GENERAL 26 VERITAS KAPITAL ASSURANCE PLC. GENERAL 27 WAPIC INSURANCE PLC GENERAL 28 ZENITH GENERAL INSURANCE CO. LTD. GENERAL

1 ALLIANCE & GENERAL LIFE ASSURANCE PLC LIFE 2 AFRICAN ALLIANCE INSURANCE PLC LIFE 3 ARM LIFE PLC. CO LTD. LIFE 4 CAPITAL EXPRESS ASSURANCE LTD. LIFE 5 CUSTODIAN LIFE ASSURANCE LTD. LIFE 6 FBN INSURANCE LTD LIFE 7 METROPOLITAN LIFE INSURANCE LTD. LIFE 8 MUTUAL BENEFIT LIFE ASSURANCE LTD LIFE 9 OLD MUTUAL LIFE INSURANCE PLC LIFE 10 PRUDENTIAL ZENITH LIFE INSURANCE CO. LTD LIFE 11 ROYAL EXCHANGE PRUDENTIAL LIFE PLC LIFE 12 SPRING LIFE ASSURANCE PLC LIFE 13 UNIC INSURANCE PLC LIFE 14 WAPIC LIFE ASSURANCE LTD. LIFE

1 JAIZ TAKAFUL INSURANCE PLC TAKAFUL 2 NOOR TAKAFUL INSURANCE PLC TAKAFUL

1 CONTINENTAL REINSURANCE PLC REINSURANCE 2 NIGERIA REINSURANCE CORPORATION REINSURANCE 018 Nigeria Insurance Digest 2017

Industry Facts

1. The number of member companies as at 31st December 2017 was 59 Life insurance companies 14 Composite insurance companies 13 General insurance companies 28 Takaful insurance companies 2 Reinsurance companies 2

2. Minimum share capital of Insurance Companies were as follows: A) Life Insurance business: N2billion US$ 5,555m

B) General Insurance business: N3billion or US$ 8,333m @ N360.93=$1.00 C) Composite insurance business: N5billion or US$ 13,888m

D) Reinsurance business: N10billion or US$ 22,777m

3. Percentage increase of premium income of insurance companies in Nigeria 2008-2017

GROWTH RATE

Av. TYPE OF 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Growth BUSINESS Rate

LIFE 85.8 16.9 15.9 37.21 28.25 14.94 35.02 23.48 -0.50 27.59 27.64 NON-LIFE 22.1 19.6 0.9 11.80 11.63 2.88 -1.31 -3.50 6.05 9.51 7.43

4. The following Companies were yet to submit their 2017 Annual Report as at the time of compilation;

(i) African Alliance Insurance Plc (ii) Alliance And General Insurance (iii) Alliance And General Life Insurance (iv) Goldlink Insurance Plc (v) International Energy Insurance Plc (vi) Industrial And General Insurance Plc (vii) Investment And Allied Insurance Plc (viii) Spring Life Insurance Plc (ix) Unic Insurance Plc

The Figures used for Staco Insurance Plc and NICON Insurance Plc were taken from their unapproved 2017 and 2016 annual report respectively. 5. Miscellaneous Insurance: Are Insurance contracts that cover varieties of risks other than those classes of insurance specifically classified in the insurance Act 6. Life Insurance business: This includes contribution from Individual Life Premium, Group Life premium as well as annuity and other deposit administration schemes/secured funds 7. All figures are in Nigerian Naira (N) 8. Exchange rate as at December 2017 at N 360.93 =$ 1.00 Nigeria Insurance Digest 2017 019

Operating Environment 020 Nigeria Insurance Digest 2017

2017 Operating Environment

merging from a gloomy and hazy economy, Nigeria was again set on the part of recovery from its precarious economic position plagued by recession. At the time, GDP had for the fourth consecutive quarter, contracted. The situation which became more pronounced in the first quarter of 2017 was worsened by the low crude oil price as crude oil undoubtedly remains Nigeria's major source of revenue.E Revenue continued to drop as the country was confronted with decline in oil production due to frequent shut-ins and shut-down of trunk lines at various oil terminals,

Also, inflation rate had risen significantly while persistent depletion of the country's external reserves seemed irreversible. The stock market was not le out as there were plummeting stock market indicators, sustained net capital outflows and poor ways of doing business indicators all characterized the economy. Foreign exchange crisis was also pronounced as the Naira was under intense pressure which saw to its decline to an all-time low.

However, the story of Nigeria's economy changed completely in the second quarter of the year as major economic indicators started looking positive showing the capability of the economy to turn the corner. The second quarter also saw the country exiting a biting economic recession as well as the introduction of an Investors and Exporters (I & E) foreign exchange window which made its easy for investors to trade the greenback. The volatility of the exchange rate significantly reduced with the stability of the local currency against the Dollar and the country's external reserve increased significantly. This result was necessitated by the increase in oil production and the associated increase in oil prices.

Gross Domestic Product With the emergence from the economic recession, available data from the National Bureau of Statistics (NBS) indicated that the Gross Domestic Product (GDP) maintained a positive growth with the major driver of the economy being the oil sector which recorded a 4.79% growth in real terms, compared with the negative 14.45% recorded in 2016. Overall, the economy recorded a two-year high growth rate. The economy's exit from recession was occasioned by relative stability in the Niger Delta, increase in the global oil prices, improvement in diaspora remittances and establishment of the Investors and Exporters Foreign Exchange Window by the CBN although overall activity remained modest.

Oil Sector The oil price enjoyed a relative growth in last few months of the year. This was due to oil freeze agreement by members of the Organization of Petroleum Exporting Countries (OPEC) and other non-OPEC members led by Russia. While the price remained steady at an average of $60 per barrel, Nigeria is one of the few countries exempted by the group to retain its oil production before the agreement. This helped the country to leap out of recession in the third quarter of 2017.

Non-oil Sector About 2.05% growth was recorded in the non-oil sector in the second quarter of the year 2017, clear evidence that the Economic Recovery and Growth Plan (ERGP) implementation of the federal government is yielding positive results. The National Bureau of Statistics report indicated that the non-oil sector growth was driven by the three priority areas identified under the ERGP. They include transportation (road, rail, water and air), which grew by 21.76%, followed by construction (7.66%) and electricity (7.59%). Other non-oil sectors that drove growth in the second quarter include telecommunications (11.51%), water supply and sewage (11.98%) and broadcasting (21.92%).

External Reserves Nigeria's external reserves grew by $13.98 billion in 2017, from $25.84 billion as of December 2016 to $39.82 billion in the fourth quarter. The growth was driven by increased portfolio inflows, rising crude revenue as well as the success of the country's Eurobond offerings.

022 Nigeria Insurance Digest 2017

2017 Operating Environment (Cont)

Inflation Inflation rate maintained a downward slide in 2017, due to the gradual recovery of the Nigerian economy. In fact, as of November 2017, for the 10th consecutive month, inflation rate continued a downward trajectory, recording a marginal decline to 15.9% in November, as against the 18.72% recorded as of January 2017. The data obtained from the NBS indicated that Nigeria's inflation rate reduced from 18.55% in the year 2016 to 15.37%. The decision of the CBN's monetary policy committee to maintain the Monetary Policy Rate (MPR) throughout the year at 14% in order to control money supply achieved much in suppressing the inflationary pressure on the economy and stability in the foreign exchange market with the country achieving moderate reduction in inflation rate.

Forex Management From a chaotic foreign exchange system in the first half of the year, due to the activities of speculators, currency traffickers among others, saw the Naira dropping to as low as N525.00 to a dollar in the parallel market. However, the Naira stabilized at N360.00 to a dollar across various segments of the forex market. The stability was majorly driven by the surge in activities at the Investors & Exporters FX Window introduced by the Central Bank. The CBN's sustained intervention provided the needed support to the local currency while keeping domestic liquidity conditions tight.

Overall, as the government continues to implement the structural reforms outlined in its Economic Recovery and Growth Plan (2017-2020) and buoyed by rising oil production and price with soer inflation and improved exchange rate liquidity, economic growth can be expected to strengthen further in the coming years.

Insurance Industry Despite the recession experienced in 2016, industry operators continued to improve their drive and commitment to increasing revenue and their respective market share amidst the recovery of the economy. Market prospects stagnated due to the decline in the purchasing power of the populace. Besides, most individuals and commercial businesses had prioritized the survival and sustenance of their business above insurance coverage of potential risks.

Notwithstanding, the industry is still expecting the release of the roadmap for transition to a Risk Based Insurance Solvency Regime in Nigeria by its regulator - National Insurance Commission (NAICOM). The Roadmap is expected to enable the Regulator take forward looking perspective so that it is able to identify possible problem(s) before they occur and take counteractive actions proactively for a more efficient and effective oversight of insurance institutions while making the industry more virile and profitable.

It is hoped that the repositioning of the regulatory and compliance landscape, coupled with the commitment of industry operators should be a catalyst for significant growth in premium income in the coming years through increased market penetration and ultimately leading to increased contribution to the country's GDP. Nigeria Insurance Digest 2017 023

Operating Performance Of Non-Life Companies By Portfolio 024 Nigeria Insurance Digest 2017

Member Companies Transacting Non-Life Insurance Business As At 31 December, 2017

S/N NAME OF COMPANY

1 ALLIANCE & GENERAL INSURANCE PLC 2 AIICO INSURANCE PLC. 3 ANCHOR INSURANCE COMPANY LTD. 4 AXA MANSARD INSURANCE PLC 5 CONSOLIDATED HALLMARK INSURANCE PLC 6 CORNERSTONE INSURANCE PLC 7 CUSTODIAN & ALLIED INSURANCE LTD 8 ENSURE INSURANCE PLC 9 FBN GENERAL INSURANCE LTD. 10 FIN INSURANCE COMPANY LTD. 11 GOLDLINK INSURANCE PLC 12 GREAT NIGERIA INSURANCE PLC 13 GUINEA INSURANCE PLC 14 INDUSTRIAL & GENERAL INSURANCE PLC 15 INTERNATIONAL ENERGY INS. PLC 16 INVESTMENT & ALLIED INS. PLC 17 KBL INSURANCE LTD. 18 LASACO ASSURANCE PLC 19 LAW UNION & ROCK INS. PLC 20 LEADWAY ASSURANCE CO. LTD. 21 LINKAGE ASSURANCE PLC 22 MUTUAL BENEFITS ASSURANCE LTD. 23 NEM INSURANCE PLC 24 NICON INSURANCE PLC 25 NIGER INSURANCE PLC 26 NIGERIAN AGRICULTURAL INS. CORPORATION 27 NSIA INSURANCE COMPANY LIMITED 28 OLD MUTUAL GENERAL INSURANCE CO. NIG. LTD. 29 PRESTIGE ASSURANCE PLC 30 REGENCY ALLIANCE INSURANCE PLC 31 ROYAL EXCHANGE GEN. INS. CO. LTD. 32 SAHAM UNITRUST INSURANCE NIG. LTD 33 SOVEREIGN TRUST INSURANCE PLC 34 STACO INSURANCE PLC 35 STANDARD ALLIANCE INSURANCE PLC 36 STERLING ASSURANCE NIGERIA LTD. 37 SUNU ASSURANCES NIGERIA PLC 38 UNIVERSAL INSURANCE PLC 39 VERITAS KAPITAL ASSURANCE 40 WAPIC INSURANCE PLC 41 ZENITH GENERAL INSURANCE CO. LTD.

TAKAFUL COMPANIES 1. JAIZ TAKAFUL INSURANCE PLC 2. NOOR TAKAFUL INSURANCE PLC

REINSURANCE COMPANIES 1. CONTINENTAL REINSURANCE PLC 2. NIGERIA REINSURANCE CORPORATION Nigeria Insurance Digest 2017 025

2017 Motor Insurance Premium Income

NET DIRECT REINS GROSS PREMIUM REINS. CEDED WRITTEN BUSINESS ACCEPTED INCOME PREMIUM S/NO NAME OF COMPANY '000 '000 '000 '000 '000 1 AIICO Insurance Plc 1,944,906 9,498 1,954,404 190,710 1,763,694 2 Alliance & General Insurance Co. Ltd N/A N/A N/A N/A N/A 3 Anchor Insurance Company Ltd. 783,429 11,537 794,966 22,241 772,725 4 AXA Mansard Insurance Plc 3,079,695 2,746 3,082,441 149,703 2,932,738 5 Consolidated Hallmark Insurance Plc 1,379,195 10,700 1,389,895 28,478 1,361,417 6 Cornerstone Insurance Plc 1,744,002 0 1,744,002 51,520 1,692,482 7 Custodian & Allied Insurance Ltd. 2,448,947 0 2,448,947 164,428 2,284,519 8 Ensure Insurance Plc 470,926 6,899 477,825 2,776 475,049 9 FBN General Insurance Limited 569,273 0 569,273 40,764 528,509 10 Fin Insurance Company Ltd. 216,080 0 216,080 11,116 204,964 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 286,177 0 286,177 19,335 266,842 13 Guinea Insurance Plc 187,634 0 187,634 3,250 184,384 14 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A 17 KBL Insurance Ltd. 1,008,403 20,568 1,028,971 23,209 1,005,762 18 LASACO Assurance Plc 311,389 48,788 360,177 42,758 317,419 19 Law Union & Rock Ins. Plc 1,049,791 0 1,049,791 68,950 980,841 20 Leadway Assurance Co. Ltd. 3,071,452 0 3,071,452 163,227 2,908,225 21 Linkage Assurance Plc 888,404 14,573 902,977 27,977 875,000 22 Mutual Benefits Assurance Plc 2,702,947 0 2,702,947 387,123 2,315,824 23 NEM Insurance Plc 4,370,287 90,173 4,460,460 34,686 4,425,774 24 NICON Insurance Plc 287,960 0 287,960 0 287,960 25 Niger Insurance Plc 487,408 0 487,408 62,017 425,391 26 Nigerian Agricultural Ins. Corporation 49,351 0 49,351 5,616 43,735 27 NSIA Insurance Limited 585,040 0 585,040 28,115 556,925 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 402,185 0 402,185 49,335 352,850 29 Prestige Assurance Plc 390,492 6,569 397,061 14,278 382,783 30 Regency Alliance Insurance Plc 473,950 2,254 476,204 33,955 442,249 31 Royal Exchange Gen. Ins. Co. Ltd. 1,640,768 0 1,640,768 166,232 1,474,536 32 Saham Unitrust Insurance Nig. Ltd. 520,426 0 520,426 53,776 466,650 33 Sovereign Trust Insurance Plc 1,393,997 0 1,393,997 31,097 1,362,900 34 STACO Insurance Plc 1,505,376 0 1,505,376 151,606 1,353,770 35 Standard Alliance Insurance Plc 338,361 0 338,361 7,095 331,266 36 Sterling Assurance Nigeria Ltd. 622,156 31,735 653,891 10,812 643,079 37 Sunu Assurances Nig. Plc 479,058 23,349 502,407 45,913 456,494 38 Universal Insurance Plc 81,869 18,573 100,442 4,521 95,921 39 Veritas Kapital Assurance Plc 425,763 867 426,630 0 426,630 40 Wapic Insurance Plc 1,117,114 33,910 1,151,024 213,608 937,416 41 Zenith Insurance Company Ltd. 1,567,230 0 1,567,230 255,572 1,311,658 TOTAL 38,881,441 332,739 39,214,180 2,565,799 36,648,381 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 37,426 852 38,278 3,000 35,278 43 Noor Takaful Insurance Plc 42,608 0 42,608 14,080 28,528 TOTAL 80,034 852 80,886 17,080 63,806 REINSURANCE DIRECT BUSINESS REINS ACCEPTED GROSS PREMIUM RETROCESSION NET PREMIUM COMPANY '000 '000 '000 '000 '000 44 Continental Reinsurance Plc 0 0 0 0 0 45 Nigeria Reinsurance Corporation 33,859 0 33,859 0 33,859 TOTAL 33,859 0 33,859 0 33,859 026 Nigeria Insurance Digest 2017 2,01 '000 846 9,1 7417,27 16,7126 31052,1 97,7136 831,745 27,6198 601,597 71,5043 7558,61 GROSS 62,2416 7782,75 545,159 8513,66 4437,78 5347,99 75,2904 6232,97 18122,61 366,673 55392,7 42,3484 1,166,116 3686,04 0983,92 50566,3 925,332 83,5252 1,6641,71 1,52178,5 6,5417,74 1,512,949 5106,756 81,35,907 1,832,509 3,180,777 2,663,544 3,7221,05 2,663,863 3,3892,38 PREMIUM 2013 Universal Insurance Plc Universal Insurance Investment & Allied Ins. Plc Nigerian Agricultural Ins. Corporation Nigerian Agricultural OASIS Insurance Plc OASIS Insurance Plc Assurance Prestige Old Mutual Insurance Co. Ltd. Old Mutual Insurance Plc Guinea Insurance Regency Alliance Insurance Plc Regency Alliance Insurance Company Ltd. Anchor Insurance Plc LASACO Assurance Plc Wapic Insurance Co. Ltd Insurance Alliance & General Company Ltd. Fin Insurance Great Nigeria Insurance Plc Nigeria Insurance Great KBL Insurance Ltd. KBL Insurance Plc Assurance Linkage Nigeria Ltd. Sterling Assurance Industrial & General Insurance Plc Insurance Industrial & General Plc UnityKapital Assurance Plc Niger Insurance Zenith Insurance Company Ltd. Zenith Insurance Co. Ltd. Union Assurance NICON Insurance Plc NICON Insurance Goldlink Insurance Plc Goldlink Insurance Plc Trust Insurance Sovereign Plc Alliance Insurance Standard Company Limited NSIA Insurance Co. Ltd. Unitrust Insurance Plc Equity Assurance Royal Exchange Gen. Ins. Co. Ltd. Royal Exchange Plc Cornerstone Insurance Law Union & Rock Ins. Plc Plc Consolidated Hallmark Insurance NEM Insurance Plc NEM Insurance Plc Insurance Mansard Mutual Benefits Assurance Plc Mutual Benefits Assurance Co. Ltd. Insurance AIICO General Ins. Plc International Energy Leadway Assurance Co. Ltd. Leadway Assurance Plc Custodian & Allied Insurance Plc Insurance STACO 1 7 4 9 6 2 8 5 3 11 17 14 41 19 16 12 21 10 18 15 13 31 27 37 24 40 34 29 26 22 20 28 25 39 36 23 32 30 38 35 33 RANK '000 2,401 511,195 106,271 331,941 560,911 869,511 172,824 GROSS 231,649 615,439 689,132 123,300 742,335 765,402 534,729 708,936 366,673 440,954 673,855 264,639 423,300 302,002 653,505 380,325 1,133,521 1,179,763 1,139,227 1,554,581 1,040,740 1,247,604 1,847,804 1,374,084 1,473,863 1,987,328 1,003,722 2,124,662 1,025,542 1,953,286 3,134,553 3,502,130 3,133,095 2,579,002 PREMIUM 2014 COMPANY Leadway Assurance Co. Ltd. Leadway Assurance Plc NEM Insurance AXA Plc Insurance Mansard Custodian & Allied Insurance Plc Custodian & Allied Insurance Mutual Benefits Assurance Plc Mutual Benefits Assurance Plc Insurance STACO Royal Exchange Gen. Ins. Co. Ltd. Royal Exchange Sovereign Trust Insurance Plc Trust Insurance Sovereign AIICO General Insurance Co. Ltd. Insurance AIICO General International Energy Ins. Plc International Energy Zenith Insurance Company Ltd. Zenith Insurance Cornerstone Insurance Plc Cornerstone Insurance Law Union & Rock Ins. Plc Plc Consolidated Hallmark Insurance Company Limited NSIA Insurance Goldlink Insurance Plc Goldlink Insurance Unitrust Insurance Co. Ltd. Unitrust Insurance Standard Alliance Insurance Plc Alliance Insurance Standard Equity Assurance Plc Equity Assurance Company Ltd. Anchor Insurance KBL Insurance Ltd. KBL Insurance UnityKapital Assurance Plc UnityKapital Assurance Linkage Assurance Plc Assurance Linkage Ensure Insurance Plc Insurance Ensure Wapic Insurance Plc Wapic Insurance Niger Insurance Plc Niger Insurance Nigeria Ltd. Sterling Assurance Plc Regency Alliance Insurance Industrial & General Insurance Plc Insurance Industrial & General OASIS Insurance Plc OASIS Insurance NICON Insurance Plc NICON Insurance Great Nigeria Insurance Plc Nigeria Insurance Great Alliance & General Insurance Co. Ltd Insurance Alliance & General LASACO Assurance Plc LASACO Assurance Plc Assurance Prestige Old Mutual Insurance Co. Ltd. Old Mutual Insurance Fin Insurance Company Ltd. Fin Insurance Plc Guinea Insurance Ins. Corporation Nigerian Agricultural Universal Insurance Plc Universal Insurance Investment & Allied Ins. Plc 1 7 4 9 6 2 8 5 3 11 17 41 14 19 16 21 12 10 18 15 31 13 27 37 24 40 34 29 26 22 20 28 25 39 36 32 23 30 38 35 33 RANK '000 2,401 71,993 511,195 741,182 147,847 621,015 196,757 GROSS 410,937 344,144 224,561 689,132 443,707 831,839 768,842 849,397 595,728 366,673 735,208 248,645 324,048 426,309 493,268 392,450 559,968 423,300 380,325 1,142,784 1,496,617 1,442,196 1,254,012 1,818,304 1,210,363 1,040,740 1,970,440 1,887,890 3,545,819 2,931,602 1,599,253 1,368,235 2,962,502 2,369,265 PREMIUM 2015 COMPANY NEM Insurance Plc NEM Insurance Co. Ltd. Leadway Assurance AXA Plc Insurance Mansard Plc Custodian & Allied Insurance STACO Insurance Plc Insurance STACO Royal Exchange Gen. Ins. Co. Ltd. Royal Exchange Mutual Benefits Assurance Plc Mutual Benefits Assurance Co. Ltd. Insurance AIICO General Cornerstone Insurance Plc Cornerstone Insurance Sovereign Trust Insurance Plc Trust Insurance Sovereign Company Ltd. Zenith Insurance Plc Consolidated Hallmark Insurance Law Union & Rock Ins. Plc Ins. Plc International Energy Goldlink Insurance Plc Goldlink Insurance Company Limited NSIA Insurance Company Ltd. Anchor Insurance Plc Wapic Insurance KBL Insurance Ltd. KBL Insurance Co. Ltd. Unitrust Insurance Plc Assurance Linkage Equity Assurance Plc Equity Assurance Sterling Assurance Nigeria Ltd. Sterling Assurance Standard Alliance Insurance Plc Alliance Insurance Standard Industrial & General Insurance Plc Insurance Industrial & General Niger Insurance Plc Niger Insurance FBN General Insurance Limited Insurance FBN General Plc UnityKapital Assurance Plc NICON Insurance Regency Alliance Insurance Plc Regency Alliance Insurance Co. Ltd. Old Mutual Insurance Plc Nigeria Insurance Great Alliance & General Insurance Co. Ltd Insurance Alliance & General Ensure Insurance Plc Insurance Ensure LASACO Assurance Plc LASACO Assurance Plc Assurance Prestige Company Ltd. Fin Insurance Guinea Insurance Plc Guinea Insurance Nigerian Agricultural Ins. Corporation Nigerian Agricultural Universal Insurance Plc Universal Insurance Investment & Allied Ins. Plc 1 7 4 9 6 2 8 5 3 11 17 41 14 19 16 12 21 10 18 15 31 13 27 37 24 40 34 29 26 22 20 28 25 39 36 32 23 30 38 35 33 RANK '000 2,401 511,195 211,213 721,441 117,348 406,147 307,175 476,810 127,909 GROSS 494,109 491,084 462,019 212,990 983,841 666,574 357,669 559,673 366,673 288,037 340,646 436,996 843,463 443,555 540,059 423,300 880,036 1,791,127 1,142,784 1,614,556 1,348,108 1,040,740 1,522,947 2,179,343 1,227,528 1,655,576 2,861,443 2,901,884 1,205,853 2,490,897 3,693,567 2,045,256 PREMIUM 2016 COMPANY NEM Insurance Plc NEM Insurance co. Ltd. Leadway Assurance AXA Plc Insurance Mansard Plc Custodian & Allied insurance Mutual Benefits Assurance Plc Mutual Benefits Assurance Gen. Ins. Co. Ltd. Royal Exchange Cornerstone Insurance Plc Cornerstone Insurance STACO Insurance Plc Insurance STACO AIICO General Insurance Co. Ltd. Insurance AIICO General Zenith General Insurance Co.Ltd. Insurance Zenith General Consolidated Hallmark Insurance Plc Consolidated Hallmark Insurance Sovereign Trust Insurance Plc Trust Insurance Sovereign Law Union & Rock Ins. Plc ins. Plc International Energy Goldlink Insurance Plc Goldlink Insurance KBL Insurance Ltd. KBL Insurance Company Ltd. Anchor Insurance Plc Wapic Insurance Linkage Assurance Plc Assurance Linkage NSIA Insurance Company Limited NSIA Insurance Co. Ltd. Saham Unitrust Insurance Nigeria Ltd. Sterling Assurance Plc Insurance Industrial & General Equity Assurance Plc Equity Assurance Niger insurance Plc Niger insurance Standard Alliance Insurance Plc Alliance Insurance Standard FBN General Insurance Limited Insurance FBN General Plc Regency Alliance Insurance Plc Insurance Ensure NICON Insurance Plc NICON Insurance Old Mutual Insurance Co. Ltd. Old Mutual Insurance Alliance & General Insurance Plc Insurance Alliance & General UnityKapital Assurance Plc UnityKapital Assurance Plc LASACO Assurance Plc Nigeria Insurance Great Prestige Assurance Plc Assurance Prestige Company Ltd. Fin Insurance Guinea Insurance Plc Guinea Insurance Universal Insurance Plc Universal Insurance ins. Corporation Nigerian Agricultural Investment & Allied Ins. Plc 1 7 4 9 6 2 8 5 3 11 17 14 41 19 16 21 12 10 18 15 13 31 27 37 24 40 34 29 26 22 20 28 25 39 36 23 32 30 38 35 33 Their Motor Insurance Business (2013-2017) Insurance Their Motor Member Companies Ranked In Order Of Gross Premium Income From Income From Premium Of Gross In Order Member Companies Ranked RANK N/A N/A N/A N/A N/A '000 49,351 38,278 42,608 80,886 GROSS 286,177 360,177 187,634 397,061 100,442 402,185 477,825 216,080 653,891 338,361 902,977 476,204 794,966 487,408 502,407 287,960 569,273 520,426 426,630 585,040 1,151,024 1,049,791 1,028,971 1,744,002 1,640,768 3,071,452 1,393,997 1,567,230 1,505,376 1,954,404 3,082,441 2,702,947 1,389,895 2,448,947 4,460,460 PREMIUM 39,214,180 2017 COMPANY NEM Insurance Plc AXA Mansard Insurance Plc Leadway Assurance co. Ltd. Mutual Benefits Assurance Plc Custodian & Allied Insurance Ltd. AIICO Insurance Plc Cornerstone Insurance Plc Royal Exchange Gen. Ins. Co. Ltd. Zenith General Insurance Co.Ltd. Insurance Plc STACO Sovereign Trust Insurance Plc Sovereign Consolidated Hallmark Insurance Plc Wapic Insurance Plc Law Union & Rock Ins. Plc KBL Insurance Ltd. Assurance Plc Linkage Anchor Insurance Company Ltd. Sterling Assurance Nigeria Ltd. NSIA Insurance Limited FBN General Insurance Limited Saham Unitrust Insurance Nig. Ltd. Sunu Assurances Nig Plc Niger insurance Plc Ensure Insurance Plc Regency Alliance Insurance Plc Veritas Kapital Assurance Plc Old Mutual Gen. Ins. Co. Nig. Ltd. Prestige Assurance Plc LASACO Assurance Plc Standard Alliance Insurance Plc NICON Insurance Plc Great Nigeria Insurance Plc Fin Insurance Company Ltd. Guinea Insurance Plc Universal Insurance Plc Nigerian AgriculturaI Ins. Corporation Investment & Allied Ins. Plc International Energy Ins. Plc Industrial & General Insurance Plc Goldlink Insurance Plc Alliance & General Insurance Plc Total COMPANY TAKAFUL Insurance Plc Takaful Noor Jaiz Takaful Insurance Plc Takaful Jaiz TOTAL 1 7 4 9 6 2 8 5 3 11 17 14 41 19 16 12 21 10 18 15 31 13 27 37 24 42 40 34 43 29 26 22 20 28 25 39 36 32 23 30 38 35 33 RANK Nigeria Insurance Digest 2017 027

2017 Ratio Of Gross Claims Paid To Gross Premium Income Of Motor Business

GROSS PREMIUM INCOME GROSS CLAIMS PAID RATIO S/NO NAME OF COMPANY 000 000 1 AIICO Insurance Plc. 1,954,404 891,616 0.46 2 Alliance & General Insurance Plc N/A N/A N/A 3 Anchor Insurance Company Ltd. 794,966 107,124 0.13 4 AXA Mansard Insurance Plc 3,082,441 2,222,598 0.72 5 Consolidated Hallmark Insurance Plc 1,389,895 616,244 0.44 6 Cornerstone Insurance Plc 1,744,002 1,632,736 0.94 7 Custodian & Allied Insurance Ltd. 2,448,947 1,200,274 0.49 8 Ensure Insurance Plc 477,825 233,008 0.49 9 FBN General Insurance Limited 569,273 243,235 0.43 10 Fin Insurance Company Ltd. 216,080 45,985 0.21 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 286,177 99,665 0.35 13 Guinea Insurance Plc 187,634 42,859 0.23 14 Industrial & General Insurance Plc N/A N/A N/A 15 International Energy ins. Plc N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A 17 KBL Insurance Ltd. 1,028,971 269,037 0.26 18 LASACO Assurance Plc 360,177 82,945 0.23 19 Law Union & Rock Ins. Plc 1,049,791 427,371 0.41 20 Leadway Assurance co. Ltd. 3,071,452 1,983,173 0.65 21 Linkage Assurance Plc 902,977 313,316 0.35 22 Mutual Benefits Assurance Plc 2,702,947 755,021 0.28 23 NEM Insurance Plc 4,460,460 1,966,764 0.44 24 NICON Insurance Plc 287,960 7,530 0.03 25 Niger insurance Plc 487,408 64,546 0.13 26 Nigerian Agricultural Ins. Corporation 49,351 -4,278 -0.09 27 NSIA Insurance Limited 585,040 265,292 0.45 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 402,185 190,976 0.47 29 Prestige Assurance Plc 397,061 184,507 0.46 30 Regency Alliance Insurance Plc 476,204 153,254 0.32 31 Royal Exchange Gen. Ins. Co. Ltd. 1,640,768 461,218 0.28 32 Saham Unitrust Insurance Nig. Ltd. 520,426 271,412 0.52 33 Sovereign Trust Insurance Plc 1,393,997 534,608 0.38 34 STACO Insurance Plc 1,505,376 427,737 0.28 35 Standard Alliance Insurance Plc 338,361 70 0.00 36 Sterling Assurance Nigeria Ltd. 653,891 255,342 0.39 37 Sunu Assurances Nig. Plc 502,407 185,173 0.37 38 Universal Insurance Plc 100,442 26,789 0.27 39 Veritas Kapital Assurance Plc 426,630 73,778 0.17 40 Wapic Insurance Plc 1,151,024 713,131 0.62 41 Zenith General Insurance Co.Ltd. 1,567,230 709,834 0.45 TOTAL 39,214,180 17,653,890 0.45 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 38,278 1,943 0.05 43 Noor Takaful Insurance Plc 42,608 3,087 0.07 TOTAL 80,886 5,030 0.06

REINSURANCE COMPANY 44 Continental Reinsurance Plc _ _ _ 45 Nigeria Reinsurance Corporation 33,859 12,646 0.37 TOTAL 33,859 12,646 0.37 028 Nigeria Insurance Digest 2017

Growth Of Motor Insurance Premium 2008 - 2017

YEAR PREMIUM '000 2008 38,118,374 2009 45,215,143 2010 42,039,418 2011 44,652,858 2012 44,813,708 2013 39,849,449 2014 42,905,736 2015 39,840,893 2016 40,393,972 2017 39,295,066 CAGR 0.3%

MOTOR (Billions of Naira) 0.3% CAGR 45,215,143 44,652,858 44,813,708

42,905,736 42,039,418

40,393,972 39,849,449 39,840,893 39,295,066 38,118,374 GROSS PREMIUM '000 GROSS

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YEARS

Reinsurance Transactions In Motor Business 2013 - 2017 The table below shows the reinsurance transactions in motor insurance business over a period of five years, reflecting the Gross Premium, reinsurance accepted by way of facultative arrangement from other companies and businesses ceded to reinsurance companies

Ratio of Ratio of Gross Reinsurance Reinsurance Reinsurance Reinsurance Premium Accepted Ceded Accepted to Ceded to Reinsurance Motor '000 '000 '000 G.P.I G.P.I Ratio 2013 39,849,449 203,136 3,045,884 0.01 0.08 0.09 2014 42,905,736 188,789 2,494,676 0.00 0.06 0.06 2015 39,840,893 194,010 2,051,349 0.00 0.05 0.05 2016 40,393,972 263,647 2,280,954 0.01 0.06 0.07 2017 39,295,066 333,591 2,582,879 0.01 0.07 0.07 Total 202,285,116 1,183,173 12,455,742 0.01 0.06 0.07 Nigeria Insurance Digest 2017 029

2017 Fire Insurance Premium Income

NET DIRECT REINS GROSS PREMIUM WRITTEN BUSINESS ACCEPTED INCOME REINS. CEDED PREMIUM S/NO NAME OF COMPANY '000 '000 '000 '000 '000 1 AIICO Insurance Plc 1,691,158 33,163 1,724,321 855,578 868,743 2 Alliance & General Insurance Co. Ltd 0 0 0 0 0 3 Anchor Insurance Company Ltd. 102,513 7,079 109,592 17,648 91,944 4 AXA Mansard Insurance Plc 3,738,378 24,737 3,763,115 3,091,845 671,270 5 Consolidated Hallmark Insurance Plc 825,956 21,947 847,903 342,329 505,574 6 Cornerstone Insurance Plc 946,052 0 946,052 605,166 340,886 7 Custodian & Allied Insurance Ltd. 4,675,856 0 4,675,856 3,595,087 1,080,769 8 Ensure Insurance Plc 515,596 45,993 561,589 377,431 184,158 9 FBN General Insurance Linited 675,608 0 675,608 284,140 391,468 10 Fin Insurance Company Ltd. 266,531 0 266,531 169,000 97,531 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 254,127 0 254,127 180,482 73,645 13 Guinea Insurance Plc 225,116 0 225,116 113,736 111,380 14 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A 17 KBL Insurance Ltd. 270,426 5,421 275,847 244,996 30,851 18 LASACO Assurance Plc 279,043 35,144 314,187 144,640 169,547 19 Law Union & Rock Ins. Plc 609,400 0 609,400 486,522 122,878 20 Leadway Assurance Co. Ltd. 2,583,038 2,583,038 1,280,571 1,302,467 21 Linkage Assurance Plc 490,749 19,687 510,436 276,011 234,425 22 Mutual Benefits Assurance Plc 799,346 0 799,346 115,395 683,951 23 NEM Insurance Plc 3,055,910 66,853 3,122,763 1,122,065 2,000,698 24 NICON Insurance Plc 17,569 0 17,569 10,000 7,569 25 Niger Insurance Plc 221,582 250 221,832 84,514 137,318 26 Nigerian Agricultural Ins. Corporation 49,471 0 49,471 17,402 32,069 27 NSIA Insurance Limited 1,016,262 0 1,016,262 684,640 331,622 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 763,039 0 763,039 650,455 112,584 29 Prestige Assurance Plc 1,626,525 20,728 1,647,253 1,303,992 343,261 30 Regency Alliance Insurance Plc 250,523 7,779 258,302 97,485 160,817 31 Royal Exchange Gen. Ins. Co. Ltd. 1,591,051 0 1,591,051 790,316 800,735 32 Saham Unitrust Insurance Nig. Ltd. 713,014 0 713,014 607,064 105,950 33 Sovereign Trust Insurance Plc 1,536,506 0 1,536,506 540,044 996,462 34 STACO Insurance Plc 1,390,555 0 1,390,555 595,568 794,987 35 Standard Alliance Insurance Plc 234,475 0 234,475 39,702 194,773 36 Sterling Assurances Nigeria Ltd. 463,492 78,633 542,125 163,650 378,475 37 Sunu Assurances Nig. Plc 400,504 16,277 416,781 198,273 218,508 38 Universal Insurance Plc 74,080 36,473 110,553 36,183 74,370 39 Veritas Kapital Assurance Plc 141,898 6,309 148,207 39,311 108,896 40 Wapic Insurance Plc 364,751 16,318 381,069 194,363 186,706 41 Zenith Insurance Company Ltd. 2,008,301 0 2,008,301 1,370,949 637,352 Total 34,868,401 442,791 35,311,192 20,726,553 14,584,639 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 15,562 7657 23,219 14,160 9,059 43 Noor Takaful Insurance Plc 41,170 0 41,170 12,187 28,983 TOTAL 56,732 7,657 64,389 26,347 38,042 REINSURANCE COMPANY DIRECT REINS GROSS NET BUSINESS ACCEPTED PREMIUM RETROCESSION PREMIUM '000 '000 '000 '000 '000 44 Continental Reinsurance Plc 10,104,308 0 10,104,308 591,618 9,512,690 45 Nigeria Reinsurance Corporation 337,113 0 337,113 17,260 319,853 TOTAL 10,441,421 0 10,441,421 608,878 9,832,543

Member Companies Ranked In Order Of Gross Premium Income From Their Fire Insurance Business (2013-2017)

2017 GROSS 2016 2015 2014 2013 PREMIUM GROSS GROSS GROSS GROSS RANKCOMPANY '000 PREMIUM PREMIUM PREMIUM PREMIUM 1 Custodian & Allied Insurance4,675,856 Ltd. 2 AXA Mansard Insurance Plc 3,763,115 RANKCOMPANY '000 RANKCOMPANY '000 RANKCOMPANY '000 RANK '000 3 NEM Insurance Plc 3,122,763 1 Custodian & Allied Insurance2,505,176 Plc 1 Custodian & Allied Insurance2,505,176 Plc 1 Custodian & Allied Insurance2,955,148 Plc 1 Custodian & Allied Insurance2,441,827 Plc 4 Leadway Assurance co. Ltd.2,583,038 2 Leadway Assurance Co. Ltd.2,211,192 2 Leadway Assurance Co. Ltd.2,211,192 2 Leadway Assurance Co. Ltd.2,178,064 2 AIICO General Insurance Co.2,035,016 Ltd. 5 Zenith General Insurance Co.Ltd.2,008,301 3 AXA Mansard Insurance Plc2,085,345 3 AXA Mansard Insurance Plc2,085,345 3 AIICO General Insurance 1,944,276Co. Ltd. 3 Prestige Assurance Plc 1,713,206 6 AIICO Insurance Plc. 1,724,321 4 NEM Insurance Plc 1,826,634 4 NEM Insurance Plc 1,826,634 4 STACO Insurance Plc 1,662,415 4 Leadway Assurance Co. Ltd.1,688,877 7 Prestige Assurance Plc 1,647,253 5 AIICO General Insurance Co.1,672,719 Ltd. 5 AIICO General Insurance Co.1,672,719 Ltd. 5 AXA Mansard Insurance Plc1,610,715 5 STACO Insurance Plc 1,345,082 8 Royal Exchange Gen. Ins. Co. 1,591,051Ltd. 6 Zenith Insurance Company1,605,556 Ltd. 6 Zenith Insurance Company1,605,556 Ltd. 6 NEM Insurance Plc 1,495,467 6 NEM Insurance Plc 1,343,594 9 Sovereign Trust Insurance Plc1,536,506 7 Royal Exchange Gen. Ins. 1,442,667Co. Ltd. 7 Royal Exchange Gen. Ins. 1,442,667Co. Ltd. 7 Zenith Insurance Company1,439,276 Ltd. 7 Mansard Insurance Plc 1,284,909 10 STACO Insurance Plc 1,390,555 8 STACO Insurance Plc 1,398,630 8 STACO Insurance Plc 1,398,630 8 Prestige Assurance Plc 1,144,359 8 Royal Exchange Gen. Ins. 1,269,228Co. Ltd. 11 NSIA Insurance Limited 1,016,262 9 Prestige Assurance Plc 1,132,036 9 Prestige Assurance Plc 1,132,036 9 Sovereign Trust Insurance936,605 Plc 9 Zenith Insurance Company895,005 Ltd. 12 Cornerstone Insurance Plc 946,052 10 Sovereign Trust Insurance967,334 Plc 10 Sovereign Trust Insurance967,334 Plc 10 Royal Exchange Gen. Ins. 663,220Co. Ltd. 10 Sovereign Trust Insurance823,932 Plc 13 Consolidated Hallmark Insurance847,903 Plc 11 NSIA Insurance Company 906,895Limited 906,895 NSIA Insurance Company Limited NSIA Insurance Company Limited 14 Mutual Benefits Assurance Plc799,346 11 NSIA Insurance Company Limited 11 657,935 11 686,211 15 Old Mutual Gen. Ins. Co. Nig. Ltd.763,039 12 Cornerstone Insurance Plc777,012 12 Cornerstone Insurance Plc777,012 12 Law Union & Rock Ins. Plc639,489 12 Unitrust Insurance Co. Ltd.650,194 16 Saham Unitrust Insurance Nig.713,014 Ltd. 13 Law Union & Rock Ins. Plc 701,117 13 Law Union & Rock Ins. Plc 701,117 13 Unitrust Insurance Co. Ltd.630,436 13 Mutual Benefits Assurance581,817 Plc 17 FBN General Insurance Limited675,608 14 Consolidated Hallmark Insurance678,233 Plc14 Consolidated Hallmark Insurance678,233 Plc14 Cornerstone Insurance Plc622,231 14 Cornerstone Insurance Plc572,536 18 Law Union & Rock Ins. Plc 609,400 15 Unitrust Insurance Co. Ltd.573,018 15 Unitrust Insurance Co. Ltd.573,018 15 Mutual Benefits Assurance620,517 Plc 15 Law Union & Rock Ins. Plc556,260 19 Ensure Insurance Plc 561,589 16 Old Mutual Insurance Co. 552,663Ltd. 16 Old Mutual Insurance Co. Ltd.552,663 16 Equity Assurance Plc 548,899 16 Consolidated Hallmark Insurance554,816 Plc 20 Sterling Assurance Nigeria Ltd.542,125 17 Mutual Benefits Assurance520,135 Plc 17 Mutual Benefits Assurance520,135 Plc 17 Consolidated Hallmark Insurance546,296 Plc17 Equity Assurance Plc 495,035 21 Linkage Assurance Plc 510,436 18 Sterling Assurance Nigeria502,790 Ltd. 18 Sterling Assurance Nigeria502,790 Ltd. 18 Linkage Assurance Plc 478,718 18 International Energy Ins. Plc490,794 22 Sunu Assurance Nig. Plc 416,781 19 Linkage Assurance Plc 478,718 19 Linkage Assurance Plc 478,718 19 Sterling Assurance Nigeria461,913 Ltd. 19 Union Assurance Co. Ltd. 490,431 23 Wapic Insurance Plc 381,069 20International Energy Ins. Plc375,472 20 International Energy Ins. Plc375,472 20 Ensure Insurance Plc 452,476 20 Standard Alliance Insurance383,161 Plc 24 LASACO Assurance Plc 314,187 21 Ensure Insurance Plc 371,800 21 Ensure Insurance Plc 371,800 21 International Energy Ins. Plc425,941 21 Industrial & General Insurance375,686 Plc 25 KBL Insurance Ltd. 275,847 22Equity Assurance Plc 335,189 22 Equity Assurance Plc 335,189 22 UnityKapital Assurance Plc330,281 22 Sterling Assurance Nigeria374,401 Ltd. 26 Fin Insurance Company Ltd. 266,531 23Wapic Insurance Plc 334,834 334,834 Old Mutual Insurance Co. 306,063Ltd. Niger Insurance Plc 27 Regency Alliance Insurance Plc258,302 23 Wapic Insurance Plc 23 23 365,893 UnityKapital Assurance Plc 28 Great Nigeria Insurance Plc 254,127 24FBN General Insurance Limited314,541 24 FBN General Insurance Limited314,541 24 Industrial & General Insurance292,676 Plc24 345,254 29 Standard Alliance Insurance Plc234,475 25Industrial & General Insurance292,676 Plc25 Industrial & General Insurance292,676 Plc25 Standard Alliance Insurance274,119 Plc 25 Linkage Assurance Plc 279,659 30 Guinea Insurance Plc 225,116 26Standard Alliance Insurance287,578 Plc 26 Standard Alliance Insurance287,578 Plc 26 KBL Insurance Ltd. 273,336 26 OASIS Insurance Plc 279,092 31 Niger insurance Plc 221,832 27 KBL Insurance Ltd. 266,778 27 KBL Insurance Ltd. 266,778 27 Niger Insurance Plc 252,698 27 Regency Alliance Insurance256,513 Plc 32 Veritas Kapital Assurance Plc148,207 28Niger Insurance Plc 254,161 28 Niger Insurance Plc 254,161 28 OASIS Insurance Plc 247,328 28 LASACO Assurance Plc 249,943

33 110,553 Nigeria Insurance Digest2017 Universal Insurance Plc 29Great Nigeria Insurance Plc247,066 29 Great Nigeria Insurance Plc247,066 29 Great Nigeria Insurance Plc247,066 29 Great Nigeria Insurance Plc222,664 34 Anchor Insurance Company Ltd.109,592 30UnityKapital Assurance Plc226,180 30 UnityKapital Assurance Plc226,180 30 Wapic Insurance Plc 242,828 30 Goldlink Insurance Plc 215,758 35 Nigerian Agricultural Ins. Corporation49,471 31 Goldlink Insurance Plc 207,960 31 Goldlink Insurance Plc 207,960 31 Regency Alliance Insurance242,300 Plc 31 Alliance & General Insurance184,638 Co. Ltd 36 NICON Insurance Plc 17,569 32Guinea Insurance Plc 205,280 32 Guinea Insurance Plc 205,280 32 Goldlink Insurance Plc 207,960 32 KBL Insurance Ltd. 182,440 37 International Energy Ins. Plc N/A 33Regency Alliance Insurance199,808 Plc 33 Regency Alliance Insurance199,808 Plc 33 LASACO Assurance Plc 199,942 33 Old Mutual Insurance Co. Ltd.174,340 38 Industrial & General Insurance PlcN/A 34Alliance & General Insurance184,638 Co. Ltd34 Alliance & General Insurance184,638 Co. Ltd34 Alliance & General Insurance184,638 Co. Ltd34 Wapic Insurance Plc 153,882 39 Goldlink Insurance Plc N/A 35LASACO Assurance Plc 161,674 35 LASACO Assurance Plc 161,674 35 Guinea Insurance Plc 176,720 35 Anchor Insurance Company Ltd. 40 Alliance & General Insurance PlcN/A 110,206 Fin Insurance Company Ltd. 41 Investment & Allied Ins. Plc N/A 36NICON Insurance Plc 142,930 36 NICON Insurance Plc 142,930 36 NICON Insurance Plc 142,930 36 100,454 Total 35,311,192 37 Fin Insurance Company Ltd.129,725 37 Fin Insurance Company Ltd.129,725 37 Fin Insurance Company Ltd.136,758 37 Guinea Insurance Plc 97,542 TAKAFUL COMPANY 38Anchor Insurance Company122,044 Ltd. 38 Anchor Insurance Company122,044 Ltd. 38 Anchor Insurance Company116,998 Ltd. 38 Nigerian Agricultural Ins. Corporation74,982 42 Noor Takaful Insurance Plc 41,170 39Universal Insurance Plc 102,333 39 Universal Insurance Plc 102,333 39 Nigerian Agricultural Ins. 108,448Corporation39 NICON Insurance Plc 68,083 43 Jaiz Takaful Insurance Plc 23,219 40Nigerian Agricultural Ins. Corporation58,842 40 Nigerian Agricultural Ins. Corporation58,842 40 Universal Insurance Plc 72,768 40 Universal Insurance Plc 38,107 64,389 TOTAL 41 Investment & Allied Ins. Plc 10 41 Investment & Allied Ins. Plc 10 41 Investment & Allied Ins. Plc 10 41 Investment & Allied Ins. Plc 10 031 032 Nigeria Insurance Digest 2017

2017 Ratio Of Gross Claims Paid To Gross Premium Income Of Fire Business

GROSS PREMIUM INCOME GROSS CLAIMS PAID RATIO S/NO NAME OF COMPANY 000 000 1 AIICO Insurance Plc. 1,724,321 1,097,519 0.64 2 Alliance & General Insurance Plc N/A N/A N/A 3 Anchor Insurance Company Ltd. 109,592 55,816 0.51 4 AXA Mansard Insurance Plc 3,763,115 708,954 0.19 5 Consolidated Hallmark Insurance Plc 847,903 834,439 0.98 6 Cornerstone Insurance Plc 946,052 657,374 0.69 7 Custodian & Allied Insurance Ltd. 4,675,856 1,709,337 0.37 8 Ensure Insurance Plc 561,589 187,740 0.33 9 FBN General Insurance Limited 675,608 128,939 0.19 10 Fin Insurance Company Ltd. 266,531 24,919 0.09 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 254,127 67,601 0.27 13 Guinea Insurance Plc 225,116 38,764 0.17 14 Industrial & General Insurance Plc N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A 17 KBL Insurance Ltd. 275,847 19,851 0.07 18 LASACO Assurance Plc 314,187 159,370 0.51 19 Law Union & Rock Ins. Plc 609,400 363,274 0.60 20 Leadway Assurance co. Ltd. 2,583,038 1,942,583 0.75 21 Linkage Assurance Plc 510,436 509,465 1.00 22 Mutual Benefits Assurance Plc 799,346 223,283 0.28 23 NEM Insurance Plc 3,122,763 1,871,216 0.60 24 NICON Insurance Plc 17,569 8,665 0.49 25 Niger Insurance Plc 221,832 46,628 0.21 26 Nigerian Agricultural Ins. Corporation 49,471 -3,430 -0.07 27 NSIA Insurance Limited 1,016,262 1,641,490 1.62 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 763,039 558,585 0.73 29 Prestige Assurance Plc 1,647,253 418,066 0.25 30 Regency Alliance Insurance Plc 258,302 52,682 0.20 31 Royal Exchange Gen. Ins. Co. Ltd. 1,591,051 1,683,835 1.06 32 Saham Unitrust Insurance Nig. Ltd. 713,014 312,643 0.44 33 Sovereign Trust Insurance Plc 1,536,506 644,407 0.42 34 STACO Insurance Plc 1,390,555 687,451 0.49 35 Standard Alliance Insurance Plc 234,475 117,947 0.50 36 Sterling Assurance Nigeria Ltd. 542,125 253,066 0.47 37 Sunu Assurances Nig. Plc 416,781 239,444 0.57 38 Universal Insurance Plc 110,553 35,535 0.32 39 Veritas Kapital Assurance Plc 148,207 118,227 0.80 40 Wapic Insurance Plc 381,069 140,096 0.37 41 Zenith General Insurance Co.Ltd. 2,008,301 3,155,572 1.57 TOTAL 35,311,192 20,711,353 0.59 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 23,219 290 0.01 43 Noor Takaful Insurance Plc 41,170 209 0.01 TOTAL 64,389 499 0.01 REINSURANCE COMPANY 44 Continental Reinsurance Plc 10,104,308 5,346,081 0.53 45 Nigeria Reinsurance Corporation 337,113 267,363 0.79 TOTAL 10,441,421 5,613,444 0.54 Nigeria Insurance Digest 2017 033

Growth Of Fire Insurance Premium 2008 - 2017

YEAR PREMIUM '000 2008 15,618,399 2009 16,536,188 2010 19,293,160 2011 19,863,584 2012 21,788,018 2013 24,451,478 2014 26,170,263 2015 27,359,389 2016 30,773,302 2017 35,375,581 CAGR 8.5%

FIRE (Billions of Naira) 8.5% CAGR

35,375,581

30,773,302 27,359,389 26,170,263 24,451,478 21,788,018 19,863,584 19,293,160 16,536,188 15,618,399 GROSS PREMIUM '000 GROSS

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YEARS

Reinsurance Transactions In Fire Insurance Business 2013 - 2017

The table below shows the reinsurance transactions in fire insurance business over a period of five years, reflecting the Gross Premium, reinsurance accepted by way of facultative arrangement from other companies and businesses ceded to reinsurance companies

Ratio of Ratio of Gross Reinsurance Reinsurance Reinsurance Reinsurance Premium Accepted Ceded Accepted to Ceded to Reinsurance Fire '000 '000 '000 G.P.I G.P.I Ratio 2013 24,451,468 915,634 10,697,236 0.04 0.44 0.48 2014 26,170,263 468,355 12,511,638 0.02 0.48 0.50 2015 27,359,389 484,601 14,087,364 0.02 0.51 0.53 2016 30,773,302 491,497 17,579,101 0.02 0.57 0.59 2017 35,375,581 450,448 20,752,900 0.01 0.59 0.60 Total 144,130,003 2,810,535 75,628,239 0.02 0.52 0.54 034 Nigeria Insurance Digest 2017

2017 General Accident Insurance Premium Income

GROSS NET DIRECT REINS PREMIUM REINS. WRITTEN BUSINESS ACCEPTED INCOME CEDED PREMIUM S/NO NAME OF COMPANY '000 '000 '000 '000 '000 1 AIICO Insurance Plc. 2,218,386 98,401 2,316,787 871,420 1,445,367 2 Alliance & General Insurance Co. Ltd N/A N/A N/A N/A N/A 3 Anchor Insurance Company Ltd. 395,929 3,642 399,571 28,667 370,904 4 AXA Mansard Insurance Plc 1,681,005 22,522 1,703,527 546,940 1,156,587 5 Consolidated Hallmark Insurance Plc 775,455 12,334 787,789 235,705 552,084 6 Cornerstone Insurance Plc 1,223,072 0 1,223,072 320,594 902,478 7 Custodian & Allied Insurance Ltd. 1,323,851 0 1,323,851 325,324 998,527 8 Ensure Insurance Plc 298,607 20,930 319,537 24,692 294,845 9 FBN General Insurance Limited 516,270 0 516,270 181,457 334,813 10 Fin Insurance Company Ltd. 105,983 0 105,983 4,842 101,141 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 274,770 0 274,770 142,733 132,037 13 Guinea Insurance Plc 510,458 0 510,458 144,895 365,563 14 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A 17 KBL Insurance Ltd. 410,268 16,044 426,312 104,102 322,210 18 LASACO Assurance Plc 867,924 25,480 893,404 122,650 770,754 19 Law Union & Rock Ins. Plc 424,202 0 424,202 176,122 248,080 20 Leadway Assurance Co. Ltd. 1,087,553 0 1,087,553 206,234 881,319 21 Linkage Assurance Plc 653,149 15,729 668,878 275,348 393,530 22 Mutual Benefits Assurance Plc 1,519,573 0 1,519,573 217,636 1,301,937 23 NEM Insurance Plc 2,670,641 76,095 2,746,736 852,158 1,894,578 24 NICON Insurance Plc 277,791 0 277,791 0 277,791 25 Niger Insurance Plc 962,586 4,487 967,073 86,375 880,698 26 Nigerian Agricultural Ins. Corporation 55,228 0 55,228 4,931 50,297 27 NSIA Insurance Limited 1,159,065 0 1,159,065 687,897 471,168 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 711,929 0 711,929 515,365 196,564 29 Prestige Assurance Plc 420,550 3,524 424,074 88,576 335,498 30 Regency Alliance Insurance Plc 614,254 2,012 616,266 81,803 534,463 31 Royal Exchange Gen. Ins. Co. Ltd. 696,950 0 696,950 76,423 620,527 32 Saham Unitrust Insurance Nig. Ltd. 445,033 0 445,033 208,439 236,594 33 Sovereign Trust Insurance Plc 793,698 0 793,698 258,580 535,118 34 STACO Insurance Plc 693,724 0 693,724 71,435 622,289 35 Standard Alliance Insurance Plc 548,241 0 548,241 56,610 491,631 36 Sterling Assurances Nigeria Ltd. 288,622 17,200 305,822 9,926 295,896 37 Sunu Assurances Nig. Plc 339,507 12,760 352,267 87,552 264,715 38 Universal Insurance Plc 254,539 13,573 268,112 34,218 233,894 39 Veritas Kapital Assurance Plc 195,623 5,665 201,288 43,041 158,247 40 Wapic Insurance Plc 1,926,887 38,519 1,965,406 806,562 1,158,844 41 Zenith Insurance Company Ltd. 1,917,763 0 1,917,763 762,563 1,155,200 Total 29,259,086 388,917 29,648,003 8,661,815 20,986,188 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 37,178 0 37,178 9,082 28,096 43 Noor Takaful Insurance Plc 54,843 0 54,843 6,730 48,113 TOTAL 92,021 0 92,021 15,812 76,209 DIRECT REINS GROSS RETROCESSION NET BUSINESS ACCEPTED PREMIUM '000 PREMIUM REINSURANCE COMPANY '000 '000 '000 '000 44 Continental Reinsurance Plc 2,317,636 0 2,317,636 154,294 2,163,342 45 Nigeria Reinsurance Corporation 149,706 0 149,706 0 149,706 TOTAL 2,467,342 0 2,467,342 154,294 2,313,048 Member Companies Ranked In Order Of Gross Premium Income From Their General Accident Insurance Business (2013-2017)

2017 GROSS 2016 2015 2014 2013 PREMIUM GROSS GROSS GROSS GROSS RANKCOMPANY '000 1 NEM Insurance Plc 2,746,736 PREMIUM PREMIUM PREMIUM PREMIUM 2 AIICO Insurance Plc. 2,316,787 RANKCOMPANY '000 RANKCOMPANY '000 RANKCOMPANY '000 RANK '000 3 Wapic Insurance Plc 1,965,406 1 NEM Insurance Plc 2,428,335 1 NEM Insurance Plc 2,583,398 1 NEM Insurance Plc 1,060,321 1 AIICO General Insurance 2,048,229Co. Ltd. 4 Zenith General Insurance Co.Ltd.1,917,763 2 AIICO General Insurance 2,261,275Co. Ltd. 2 AIICO General Insurance 2,152,060Co. Ltd. 2 AIICO General Insurance 2,186,292Co. Ltd. 2 Niger Insurance Plc 1,671,451 5 AXA Mansard Insurance Plc 1,703,527 3 Cornerstone Insurance Plc1,882,284 3 Zenith Insurance Company1,811,909 Ltd. 3 Zenith Insurance Company2,115,571 Ltd. 3 NEM Insurance Plc 1,542,702 6 Mutual Benefits Assurance Plc1,519,573 4 Zenith General Insurance1,868,544 Co.Ltd. 4 Niger Insurance Plc 1,750,667 4 Niger Insurance Plc 1,675,396 4 Zenith Insurance Company1,335,810 Ltd. 7 Custodian & Allied Insurance1,323,851 Ltd. 5 Wapic Insurance Plc 1,792,698 5 Custodian & Allied Insurance1,691,128 Plc 5 AXA Mansard Insurance Plc1,426,779 5 Custodian & Allied Insurance1,306,847 Plc 8 Cornerstone Insurance Plc 1,223,072 6 Custodian & Allied insurance1,638,663 Plc 6 Wapic Insurance Plc 1,487,950 6 Wapic Insurance Plc 1,237,871 6 Prestige Assurance Plc 1,262,516 9 NSIA Insurance Limited 1,159,065 7 AXA Mansard Insurance Plc1,594,273 7 AXA Mansard Insurance Plc1,252,735 7 Sovereign Trust Insurance1,211,376 Plc 7 Sovereign Trust Insurance1,095,839 Plc 10 Leadway Assurance co. Ltd. 1,087,553 8 Mutual Benefits Assurance1,344,165 Plc 8 Mutual Benefits Assurance1,223,963 Plc 8 Leadway Assurance Co. Ltd.1,206,302 8 Mutual Benefits Assurance1,071,645 Plc 11 Niger Insurance Plc 967,073 9 Leadway Assurance co. Ltd.1,183,281 9 Leadway Assurance Co. Ltd.1,137,379 9 Custodian & Allied Insurance1,163,005 Plc 9 Leadway Assurance Co. Ltd.1,065,657 12 LASACO Assurance Plc 893,404 10 1,060,321 10 Alliance & General Insurance1,060,321 Co. Ltd10 Alliance & General Insurance1,153,230 Co. Ltd10 Alliance & General Insurance1,060,321 Co. Ltd 13 Sovereign Trust Insurance Plc793,698 Alliance & General Insurance Plc 14 Consolidated Hallmark Insurance787,789 Plc 11 Niger insurance Plc 986,288 11 Cornerstone Insurance Plc998,973 11 NSIA Insurance Company988,690 Limited 11 Mansard Insurance Plc 1,046,920 15 Old Mutual Gen. Ins. Co. Nig. Ltd.711,929 12 NSIA Insurance Company948,844 Limited 12 Sovereign Trust Insurance968,989 Plc 12 Mutual Benefits Assurance928,546 Plc 12 LASACO Assurance Plc 955,389 16 Royal Exchange Gen. Ins. Co. 696,950Ltd. 13 Old Mutual Insurance Co. 855,649Ltd. 13 NSIA Insurance Company 956,977Limited 13 Royal Exchange Gen. Ins. 904,535Co. Ltd. 13 NSIA Insurance Company866,008 Limited 17 STACO Insurance Plc 693,724 14 Consolidated Hallmark Insurance848,844 Plc14 Old Mutual Insurance Co. Ltd.810,972 14 Regency Alliance Insurance895,064 Plc 14 International Energy Ins. Plc782,640 18 Linkage Assurance Plc 668,878 15 Sovereign Trust Insurance834,984 Plc 15 Regency Alliance Insurance756,665 Plc 15 Old Mutual Insurance Co. 885,727Ltd. 15 Consolidated Hallmark Insurance776,323 Plc 19 Regency Alliance Insurance Plc616,266 16 Royal Exchange Gen. Ins. 824,859Co. Ltd. 16 STACO Insurance Plc 735,074 16 Standard Alliance Insurance816,722 Plc 16 STACO Insurance Plc 755,957 20 Standard Alliance Insurance Plc548,241 17 LASACO Assurance Plc 733,313 17 Royal Exchange Gen. Ins. 723,883Co. Ltd. 17 Cornerstone Insurance Plc777,172 17 Guinea Insurance Plc 725,871 21 FBN General Insurance Limited516,270 18 STACO Insurance Plc 701,166 18 Consolidated Hallmark Insurance672,141 Plc18 STACO Insurance Plc 690,136 18 Royal Exchange Gen. Ins. 697,390Co. Ltd. 22 Guinea Insurance Plc 510,458 19 International Energy ins. Plc557,359 19 Standard Alliance Insurance615,638 Plc 19 International Energy Ins. Plc644,169 19 Standard Alliance Insurance659,869 Plc 23 Saham Unitrust Insurance Nig.445,033 Ltd. 20 Regency Alliance Insurance554,145 Plc 20 LASACO Assurance Plc 613,992 20 Guinea Insurance Plc 608,337 20 Old Mutual Insurance Co. 645,659Ltd. 24 KBL Insurance Ltd. 426,312 21 Linkage Assurance Plc 483,064 21 International Energy Ins. Plc557,359 21 Consolidated Hallmark Insurance601,212 21PlcGoldlink Insurance Plc 571,580 25 Law Union & Rock Ins. Plc 424,202 22 435,712 22 Great Nigeria Insurance Plc516,039 22 LASACO Assurance Plc 572,830 22 Regency Alliance Insurance563,455 Plc 26 Prestige Assurance Plc 424,074 Standard Alliance Insurance Plc 27 Anchor Insurance Company Ltd.399,571 23 KBL Insurance Ltd. 431,696 23 Linkage Assurance Plc 488,403 23 Law Union & Rock Ins. Plc517,469 23 Cornerstone Insurance Plc535,573 28 Sunu Assurances Nig. Plc 352,267 24 Law Union & Rock Ins. Plc 415,877 24 Universal Insurance Plc 432,854 24 Great Nigeria Insurance Plc516,039 24 Wapic Insurance Plc 452,211 29 Ensure Insurance Plc 319,537 25 Goldlink Insurance Plc 396,092 25 FBN General Insurance Limited431,672 25 Linkage Assurance Plc 488,403 25 Equity Assurance Plc 422,544 30 Sterling Assurance Nigeria Ltd.305,822 26 FBN General Insurance Limited391,049 26 Guinea Insurance Plc 421,886 26 Equity Assurance Plc 448,172 26 Union Assurance Co. Ltd. 408,330 31 NICON Insurance Plc 277,791 27 Guinea Insurance Plc 379,806 27 Law Union & Rock Ins. Plc400,833 27 KBL Insurance Ltd. 396,433 27 Law Union & Rock Ins. Plc383,745 Nigeria Insurance Digest2017 32 Great Nigeria Insurance Plc 274,770 28 Saham Unitrust Insurance324,759 Co. Ltd.28 KBL Insurance Ltd. 399,650 28 Goldlink Insurance Plc 396,092 28 Linkage Assurance Plc 359,419 33 Universal Insurance Plc 268,112 29 Great Nigeria Insurance Plc312,521 29 Unitrust Insurance Co. Ltd.398,234 29 UnityKapital Assurance Plc389,484 29 Unitrust Insurance Co. Ltd.355,780 34 Veritas Kapital Assurance Plc201,288 30 Ensure Insurance Plc 292,681 30 Goldlink Insurance Plc 396,092 30 Universal Insurance Plc 385,690 30 Universal Insurance Plc 349,377 35 Fin Insurance Company Ltd. 105,983 31 Industrial & General Insurance276,698 Plc31 Equity Assurance Plc 344,574 31 Ensure Insurance Plc 384,801 31 KBL Insurance Ltd. 330,918 36 Nigerian Agricultural Ins. Corporation55,228 32 Sterling Assurance Nigeria275,057 Ltd. 32 UnityKapital Assurance Plc293,530 32 Unitrust Insurance Co. Ltd.354,179 32 Industrial & General Insurance318,599 Plc 37 Alliance & General Insurance PlcN/A 33 Equity Assurance Plc 259,879 33 Industrial & General Insurance276,698 Plc33 Prestige Assurance Plc 329,091 33 UnityKapital Assurance Plc317,535 38 International Energy Ins. Plc N/A 34 256,744 34 250,683 34 OASIS Insurance Plc 326,142 34 Great Nigeria Insurance Plc312,076 39 Goldlink Insurance Plc N/A Prestige Assurance Plc Sterling Assurance Nigeria Ltd. 40 Industrial & General Insurance PlcN/A 35 Anchor Insurance Company253,739 Ltd. 35 Prestige Assurance Plc 248,706 35 Industrial & General Insurance276,698 Plc35 Sterling Assurance Nigeria239,498 Ltd. 41 Investment & Allied Ins. Plc N/A 36 UnityKapital Assurance Plc229,789 36 Ensure Insurance Plc 235,276 36 Sterling Assurance Nigeria210,521 Ltd. 36 OASIS Insurance Plc 182,070 Total 29,648,003 37 NICON Insurance Plc 136,655 37 Anchor Insurance Company229,763 Ltd. 37 Anchor Insurance Company207,165 Ltd. 37 Anchor Insurance Company172,770 Ltd. TAKAFUL COMPANY 38 Fin Insurance Company Ltd.109,061 38 NICON Insurance Plc 136,655 38 Nigerian Agricultural Ins. 194,709Corporation38 Nigerian Agricultural Ins. Corporation150,711 42 Noor Takaful Insurance Plc 54,843 39 Universal Insurance Plc 108,863 39 Nigerian Agricultural Ins. Corporation57,851 39 NICON Insurance Plc 136,655 39 Fin Insurance Company Ltd.117,316 43 Jaiz Takaful Insurance Plc 37,178 40 Nigerian Agricultural ins. Corporation34,740 40 Fin Insurance Company Ltd.48,225 40 Fin Insurance Company Ltd.63,776 40 NICON Insurance Plc 65,661 TOTAL 92,021 41 Investment & Allied Ins. Plc1,988 41 Investment & Allied Ins. Plc1,988 41 Investment & Allied Ins. Plc1,988 41 Investment & Allied Ins. Plc1,988 035 036 Nigeria Insurance Digest 2017

2017 Ratio Of Gross Claims Paid To Gross Premium Income Of General Accident Business

NAME OF COMPANY GROSS PREMIUM INCOME GROSS CLAIMS PAID RATIO S/NO 000 000 1 AIICO Insurance Plc. 2,316,787 815,293 0.35 2 Alliance & General Insurance Plc N/A N/A N/A 3 Anchor Insurance Company Ltd. 399,571 53,689 0.13 4 AXA Mansard Insurance Plc 1,703,527 558,764 0.33 5 Consolidated Hallmark Insurance Plc 787,789 363,927 0.46 6 Cornerstone Insurance Plc 1,223,072 535,965 0.44 7 Custodian & Allied Insurance Ltd. 1,323,851 317,254 0.24 8 Ensure Insurance Plc 319,537 156,786 0.49 9 FBN General Insurance Limited 516,270 78,956 0.15 10 Fin Insurance Company Ltd. 105,983 23,356 0.22 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 274,770 59,844 0.22 13 Guinea Insurance Plc 510,458 74,759 0.15 14 Industrial & General Insurance Plc N/A N/A N/A 15 International Energy ins. Plc N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A 17 KBL Insurance Ltd. 426,312 133,901 0.31 18 LASACO Assurance Plc 893,404 585,293 0.66 19 Law Union & Rock Ins. Plc 424,202 183,704 0.43 20 Leadway Assurance co. Ltd. 1,087,553 347,378 0.32 21 Linkage Assurance Plc 668,878 149,255 0.22 22 Mutual Benefits Assurance Plc 1,519,573 436,623 0.29 23 NEM Insurance Plc 2,746,736 922,638 0.34 24 NICON Insurance Plc 277,791 14,117 0.05 25 Niger Insurance Plc 967,072 182,893 0.19 26 Nigerian Agricultural Ins. Corporation 55,228 47,677 0.86 27 NSIA Insurance Limited 1,159,065 112,082 0.10 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 711,929 149,222 0.21 29 Prestige Assurance Plc 424,075 199,799 0.47 30 Regency Alliance Insurance Plc 616,266 185,082 0.30 31 Royal Exchange Gen. Ins. Co. Ltd. 696,950 71,863 0.10 32 Saham Unitrust Insurance Nig. Ltd. 445,033 162,361 0.36 33 Sovereign Trust Insurance Plc 793,698 206,324 0.26 34 STACO Insurance Plc 693,724 211,862 0.31 35 Standard Alliance Insurance Plc 548,241 32,126 0.06 36 Sterling Assurance Nigeria Ltd. 305,822 321,081 1.05 37 Sunu Assurances Nig. Plc 352,267 131,670 0.37 38 Universal Insurance Plc 268,112 113,210 0.42 39 Veritas Kapital Assurance Plc 201,288 34,258 0.17 40 Wapic Insurance Plc 1,965,406 366,241 0.19 41 Zenith General Insurance Co.Ltd. 1,917,763 316,038 0.16 TOTAL 29,648,003 8,655,291 0.29 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 37,178 0 0.00 43 Noor Takaful Insurance Plc 54,843 0 0.00 TOTAL 92,021 0 0.00 REINSURANCE COMPANY 44 Continental Reinsurance Plc 2,317,636 636,193 0.27 45 Nigeria Reinsurance Corporation 149,706 56,905 0.38 TOTAL 2,467,342 693,098 0.28 Nigeria Insurance Digest 2017 037

Growth Of General Accident Insurance Premium 2008 - 2017

YEAR PREMIUM '000 2008 22,535,583 2009 23,919,005 2010 28,591,643 2011 29,593,631 2012 29,746,702 2013 27,984,199 2014 29,772,790 2015 30,571,785 2016 30,705,760 2017 29,740,024 CAGR 2.8%

GENERAL ACCIDENT (Billions of Naira) 2.8% CAGR

30,571,78530,705,760 29,593,63129,746,702 29,772,790 29,740,024 28,591,643 27,984,199

23,919,005 22,535,583 GROSS PREMIUM'000 GROSS

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YEARS

Reinsurance Transactions In General Accident Business 2013-2017

The table below shows the reinsurance transactions in General Accident insurance business over a period of five years, reflecting the Gross Premium, reinsurance accepted by way of facultative arrangement from other companies and businesses ceded to reinsurance companies

Ratio of Ratio of Gross Reinsurance Reinsurance Reinsurance Reinsurance General Premium Accepted Ceded Accepted to Ceded to Reinsurance Accident '000 '000 '000 G.P.I G.P.I Ratio 2013 27,984,199 1,599,135 6,433,451 0.06 0.23 0.29 2014 29,772,790 579,250 7,392,279 0.02 0.25 0.27 2015 30,571,785 509,831 7,089,782 0.02 0.23 0.25 2016 30,705,760 358,201 8,662,389 0.01 0.28 0.29 2017 29,740,024 388,917 8,677,627 0.01 0.29 0.30 Total 148,774,558 3,435,334 38,255,528 0.02 0.26 0.28 038 Nigeria Insurance Digest 2017

2017 Marine And Aviation Insurance Premium Income

NET DIRECT REINS GROSS PREMIUM WRITTEN BUSINESS ACCEPTED INCOME REINS. CEDED PREMIUM S/NO NAME OF COMPANY '000 '000 '000 '000 '000 1 AIICO Insurance Plc. 1,246,816 5,668 1,252,484 498,264 754,220 2 Alliance & General Insurance Co. Ltd N/A N/A N/A N/A N/A 3 Anchor Insurance Company Ltd. 112,640 6,212 118,852 31,320 87,532 4 AXA Mansard Insurance Plc 1,362,012 5,718 1,367,730 872,883 494,847 5 Consolidated Hallmark Insurance Plc 1,114,258 2,382 1,116,640 566,640 550,000 6 Cornerstone Insurance Plc 603,601 0 603,601 290,013 313,588 7 Custodian & Allied Insurance Ltd. 1,011,002 0 1,011,002 370,470 640,532 8 Ensure Insurance Plc 2,140,954 4,691 2,145,645 1,895,534 250,111 9 FBN General Insurance Limited 229,279 0 229,279 75,282 153,997 10 Fin Insurance Company Ltd. 389,234 0 389,234 238,421 150,813 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 98,353 0 98,353 45,819 52,534 13 Guinea Insurance Plc 43,937 0 43,937 11,220 32,717 14 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A 17 KBL Insurance Ltd. 181,044 3,423 184,467 118,975 65,492 18 LASACO Assurance Plc 139,152 8,456 147,608 17,549 130,059 19 Law Union & Rock Ins. Plc 420,752 0 420,752 142,816 277,936 20 Leadway Assurance Co. Ltd. 1,528,905 0 1,528,905 464,140 1,064,765 21 Linkage Assurance Plc 335,392 51,803 387,195 180,157 207,038 22 Mutual Benefits Assurance Plc 1,157,516 0 1,157,516 127,021 1,030,495 23 NEM Insurance Plc 1,428,975 35,432 1,464,407 502,936 961,471 24 NICON Insurance Plc 20,722 0 20,722 0 20,722 25 Niger Insurance Plc 39,907 14 39,921 12,859 27,062 26 Nigerian Agricultural Ins. Corporation 5,690 0 5,690 2,814 2,876 27 NSIA Insurance Limited 459,903 0 459,903 350,708 109,195 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 1,048,389 0 1,048,389 862,748 185,641 29 Prestige Assurance Plc 571,257 2,934 574,191 377,708 196,483 30 Regency Alliance Insurance Plc 586,113 5,394 591,507 109,766 481,741 31 Royal Exchange Gen. Ins. Co. Ltd. 739,476 0 739,476 244,071 495,405 32 Saham Unitrust Insurance Nig. Ltd. 159,577 0 159,577 85,865 73,712 33 Sovereign Trust Insurance Plc 881,705 0 881,705 475,579 406,126 34 STACO Insurance Plc 631,055 0 631,055 166,670 464,385 35 Standard Alliance Insurance Plc 784,763 0 784,763 19,472 765,291 36 Sterling Assurances Nigeria Ltd. 206,188 39,721 245,909 73,005 172,904 37 Sunu Assurance Nig. Plc 502,181 2,087 504,268 112,386 391,882 38 Universal Insurance Plc 27,592 7,308 34,900 13,476 21,424 39 Veritas Kapital Assurance Plc 69,587 3,325 72,912 23,786 49,126 40 Wapic Insurance Plc 479,433 72,473 551,906 268,019 283,887 41 Zenith Insurance Company Ltd. 1,084,443 0 1,084,443 472,675 611,768 Total 21,841,803 257,041 22,098,844 10,121,067 11,977,777 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 1,079 0 1,079 843 236 43 Noor Takaful Insurance Plc 2,176 0 2,176 1,200 976 TOTAL 3,255 0 3,255 2,043 1,212 DIRECT REINS GROSS RETROCESSION ' NET BUSINESS ACCEPTED PREMIUM 000 PREMIUM REINSURANCE COMPANY '000 '000 '000 '000 44 Continental Reinsurance Plc 1,731,617 0 1,731,617 99,179 1,632,438 45 Nigeria Reinsurance Corporation 97,964 0 97,964 10,455 87,509 TOTAL 1,829,581 0 1,829,581 109,634 1,719,947

040 Nigeria Insurance Digest 2017 _ '000 58,118 90,197 87,513 16,882 87,500 712,172 GROSS 744,571 601,901 116,825 134,301 552,112 651,377 169,647 167,488 127,035 516,375 194,988 109,092 951,825 352,143 139,636 383,130 274,368 497,902 279,405 497,320 278,929 237,848 337,569 330,270 540,044 632,049 302,809 382,522 950,363 838,305 1,187,072 1,840,819 1,272,850 1,040,259 PREMIUM 2013 Investment & Allied Ins. Plc Nigerian Agricultural Ins. Corporation Nigerian Agricultural Great Nigeria Insurance Plc Nigeria Insurance Great OASIS Insurance Plc OASIS Insurance Plc Guinea Insurance Company Ltd. Fin Insurance LASACO Assurance Plc LASACO Assurance Company Ltd. Anchor Insurance Alliance & General Insurance Co. Ltd Insurance Alliance & General Plc Universal Insurance Nigeria Ltd. Sterling Assurance Sovereign Trust Insurance Plc Trust Insurance Sovereign Plc Alliance Insurance Standard Plc Insurance STACO Plc Consolidated Hallmark Insurance Plc Regency Alliance Insurance Prestige Assurance Plc Assurance Prestige Custodian & Allied Insurance Plc Custodian & Allied Insurance Co. Ltd. Leadway Assurance Company Limited NSIA Insurance Co. Ltd. Old Mutual Insurance Gen. Ins. Co. Ltd. Royal Exchange Plc Insurance Industrial & General Niger Insurance Plc Niger Insurance Zenith Insurance Company Ltd. Zenith Insurance Co. Ltd. Insurance AIICO General Mansard Insurance Plc Insurance Mansard Law Union & Rock Ins. Plc Plc Equity Assurance Plc Goldlink Insurance Ins. Plc International Energy Plc Assurance Linkage NEM Insurance Plc NEM Insurance Plc UnityKapital Assurance Co. Ltd. Union Assurance Co. Ltd. Unitrust Insurance Plc Wapic Insurance Plc NICON Insurance Mutual Benefits Assurance Plc Mutual Benefits Assurance Ltd. KBL Insurance Plc Cornerstone Insurance 1 7 4 9 6 2 8 5 3 11 17 41 14 19 16 21 12 10 18 15 31 13 27 37 24 40 34 29 26 22 20 28 25 39 36 32 23 30 38 35 33 RANK _ '000 7,539 45,718 98,416 721,217 772,101 89,655 181,275 117,353 151,668 GROSS 552,112 537,891 157,500 124,454 614,999 447,287 162,943 816,008 102,663 135,532 542,274 203,748 964,978 670,455 227,680 397,829 320,967 337,408 444,986 459,865 596,526 295,836 608,253 635,366 383,526 1,301,437 1,133,332 1,438,826 1,528,364 1,055,088 1,332,008 PREMIUM 2014 Investment & Allied Ins. Plc Nigerian Agricultural Ins. Corporation Nigerian Agricultural Fin Insurance Company Ltd. Fin Insurance Great Nigeria Insurance Plc Nigeria Insurance Great NICON Insurance Plc NICON Insurance Sovereign Trust Insurance Plc Trust Insurance Sovereign Co. Ltd Insurance Alliance & General Company Ltd. Anchor Insurance Royal Exchange Gen. Ins. Co. Ltd. Royal Exchange Plc Regency Alliance Insurance Equity Assurance Plc Equity Assurance Ins. Plc International Energy Law Union & Rock Ins. Plc Plc Assurance Prestige Plc Guinea Insurance Plc LASACO Assurance Plc Niger Insurance Linkage Assurance Plc Assurance Linkage Standard Alliance Insurance Plc Alliance Insurance Standard Co. Ltd. Old Mutual Insurance Plc Insurance STACO Company Limited NSIA Insurance Plc Mutual Benefits Assurance UnityKapital Assurance Plc UnityKapital Assurance Plc Goldlink Insurance Co. Ltd. Unitrust Insurance Plc OASIS Insurance Plc Universal Insurance Nigeria Ltd. Sterling Assurance AXA Plc Insurance Mansard Plc Consolidated Hallmark Insurance Plc Custodian & Allied Insurance Co. Ltd. Insurance AIICO General Plc Insurance Industrial & General Wapic Insurance Plc Wapic Insurance Plc Insurance Ensure Leadway Assurance Co. Ltd. Leadway Assurance Company Ltd. Zenith Insurance Plc NEM Insurance Ltd. KBL Insurance Cornerstone Insurance Plc Cornerstone Insurance COMPANY 1 7 4 9 6 2 8 5 3 11 17 14 41 19 16 12 21 10 18 15 13 31 27 37 24 40 34 29 26 22 20 28 25 39 36 23 32 30 38 35 33 RANK _ '000 17,844 35,617 98,416 95,194 46,364 85,482 98,205 89,655 GROSS 751,313 191,495 121,504 552,112 138,621 412,766 719,663 752,918 437,831 515,940 662,120 616,820 106,656 183,983 387,357 203,748 397,829 444,986 322,736 284,486 524,692 606,455 549,063 360,290 233,990 1,259,747 1,015,560 1,966,254 1,084,660 1,088,482 1,058,229 1,008,563 PREMIUM 2015 COMPANY Consolidated Hallmark Insurance Plc Consolidated Hallmark Insurance AXA Plc Insurance Mansard Leadway Assurance Co. Ltd. Leadway Assurance NEM Insurance Plc NEM Insurance Plc Custodian & Allied Insurance AIICO General Insurance Co. Ltd. Insurance AIICO General Zenith Insurance Company Ltd. Zenith Insurance Old Mutual Insurance Co. Ltd. Old Mutual Insurance Plc Insurance STACO NSIA Insurance Company Limited NSIA Insurance Gen. Ins. Co. Ltd. Royal Exchange Sovereign Trust Insurance Plc Trust Insurance Sovereign Mutual Benefits Assurance Plc Mutual Benefits Assurance Co. Ltd Insurance Alliance & General Standard Alliance Insurance Plc Alliance Insurance Standard Regency Alliance Insurance Plc Regency Alliance Insurance Law Union & Rock Ins. Plc Plc Assurance Linkage Cornerstone Insurance Plc Cornerstone Insurance Plc Assurance Prestige Industrial & General Insurance Plc Insurance Industrial & General Wapic Insurance Plc Wapic Insurance Equity Assurance Plc Equity Assurance International Energy Ins. Plc International Energy KBL Insurance Ltd. KBL Insurance Ensure Insurance Plc Insurance Ensure Goldlink Insurance Plc Goldlink Insurance Unitrust Insurance Co. Ltd. Unitrust Insurance Sterling Assurance Nigeria Ltd. Sterling Assurance Plc UnityKapital Assurance Universal Insurance Plc Universal Insurance Niger Insurance Plc Niger Insurance Great Nigeria Insurance Plc Nigeria Insurance Great Anchor Insurance Company Ltd. Anchor Insurance Limited Insurance FBN General Plc NICON Insurance Plc LASACO Assurance Guinea Insurance Plc Guinea Insurance Fin Insurance Company Ltd. Fin Insurance Ins. Corporation Nigerian Agricultural Investment & Allied Ins. Plc 1 7 4 9 6 2 8 5 3 11 17 41 14 19 16 21 12 10 18 15 31 13 27 37 24 40 34 29 26 22 20 28 25 39 36 32 23 30 38 35 33 RANK _ '000 17,149 91,928 83,412 57,427 97,720 59,276 89,655 752,191 GROSS 552,112 168,613 144,728 104,792 197,482 440,918 524,241 188,924 184,026 519,452 480,521 551,224 100,452 821,099 273,472 203,748 925,627 728,543 397,829 385,976 366,275 322,736 937,853 990,480 598,224 485,628 439,933 1,849,161 1,193,348 1,150,832 1,075,292 1,044,058 PREMIUM 2016 COMPANY Consolidated Hallmark Insurance Plc Consolidated Hallmark Insurance Plc NEM Insurance co. Ltd. Leadway Assurance Plc Insurance Ensure AXA Plc Insurance Mansard AIICO General Insurance Co. Ltd. Insurance AIICO General Zenith General Insurance Co.Ltd. Insurance Zenith General Mutual Benefits Assurance Plc Mutual Benefits Assurance Custodian & Allied insurance Plc Custodian & Allied insurance Old Mutual Insurance Co. Ltd. Old Mutual Insurance Gen. Ins. Co. Ltd. Royal Exchange Plc Trust Insurance Sovereign Alliance & General Insurance Plc Insurance Alliance & General Plc Wapic Insurance Plc Insurance STACO Cornerstone Insurance Plc Cornerstone Insurance Plc Assurance Linkage Company Limited NSIA Insurance Plc Regency Alliance Insurance Law Union & Rock Ins. Plc Plc Insurance Industrial & General Plc Alliance Insurance Standard Prestige Assurance Plc Assurance Prestige International Energy ins. Plc International Energy Plc Equity Assurance Plc Goldlink Insurance Nigeria Ltd. Sterling Assurance KBL Insurance Ltd. KBL Insurance Niger insurance Plc Niger insurance Limited Insurance FBN General Great Nigeria Insurance Plc Nigeria Insurance Great UnityKapital Assurance Plc UnityKapital Assurance LASACO Assurance Plc LASACO Assurance Company Ltd. Anchor Insurance Saham Unitrust Insurance Co. Ltd. Saham Unitrust Insurance Plc NICON Insurance Fin Insurance Company Ltd. Fin Insurance Universal Insurance Plc Universal Insurance Plc Guinea Insurance ins. Corporation Nigerian Agricultural Investment & Allied Ins. Plc 1 7 4 9 6 2 8 5 3 11 17 14 41 19 16 12 21 10 18 15 13 31 27 37 24 40 34 29 26 22 20 28 25 39 36 23 32 30 38 35 33 RANK N/A N/A N/A N/A N/A 2176 '000 1079 3255 5,690 72,912 39,921 43,937 20,722 34,900 574,191 98,353 GROSS 118,852 159,577 147,608 184,467 591,507 881,705 387,195 739,476 551,906 603,601 631,055 784,763 229,279 420,752 245,909 504,268 459,903 389,234 1,157,516 1,116,640 1,011,002 1,464,407 1,367,730 1,084,443 1,252,484 2,145,645 1,048,389 1,528,905 PREMIUM 22,098,844 Member Companies Ranked In Order Of Gross Premium Income From Income From Premium Of Gross In Order Member Companies Ranked Their Marine And Aviation Insurance Business (2013-2017) Their Marine And Aviation Insurance 2017 COMPANY Ensure Insurance Plc Leadway Assurance co. Ltd. NEM Insurance Plc AXA Mansard Insurance Plc AIICO Insurance Plc. Mutual Benefits Assurance Plc Consolidated Hallmark Insurance Plc Zenith General Insurance Co.Ltd. Old Mutual Gen. Ins. Co. Nig. Ltd. Custodian & Allied Insurance Ltd. Trust Insurance Plc Sovereign Standard Alliance Insurance Plc Royal Exchange Gen. Ins. Co. Ltd. Insurance Plc STACO Cornerstone Insurance Plc Regency Alliance Insurance Plc Prestige Assurance Plc Wapic Insurance Plc Sunu Assurances Nig. Plc NSIA Insurance Limited Law Union & Rock Ins. Plc Fin Insurance Company Ltd. Assurance Plc Linkage Sterling Assurance Nigeria Ltd. FBN General Insurance Limited KBL Insurance Ltd. Saham Unitrust Insurance Nig. Ltd. LASACO Assurance Plc Anchor Insurance Company Ltd. Great Nigeria Insurance Plc Veritas Kapital Assurance Plc Guinea Insurance Plc Niger insurance Plc Universal Insurance Plc NICON Insurance Plc Nigerian Agricultural Ins. Corporation Investment & Allied Ins. Plc International Energy Ins. Plc Industrial & General Insurance Plc Goldlink Insurance Plc Alliance & General Insurance Plc Total COMPANY TAKAFUL Insurance Plc Takaful Noor Jaiz Takaful Insurance Plc Takaful Jaiz TOTAL 1 7 4 9 6 2 8 5 3 11 17 41 14 19 16 21 12 10 18 15 31 13 27 37 42 24 40 43 34 29 26 22 20 28 25 39 36 32 23 30 38 35 33 RANK Nigeria Insurance Digest 2017 041

2017 Ratio Of Gross Claims Paid To Gross Premium Income Of Marine And Aviation Business

NAME OF COMPANY GROSS PREMIUM INCOME GROSS CLAIMS PAID RATIO S/NO 000 000 1 AIICO Insurance Plc. 1,252,484 826,168 0.66 2 Alliance & General Insurance Plc N/A N/A N/A 3 Anchor Insurance Company Ltd. 118,852 13,594 0.11 4 AXA Mansard Insurance Plc 1,367,730 393,633 0.29 5 Consolidated Hallmark Insurance Plc 1,116,640 363,569 0.33 6 Cornerstone Insurance Plc 603,601 304,876 0.51 7 Custodian & Allied Insurance Ltd. 1,011,002 282,819 0.28 8 Ensure Insurance Plc 2,145,645 121,901 0.06 9 FBN General Insurance Limited 229,279 314,594 1.37 10 Fin Insurance Company Ltd. 389,234 6,484 0.02 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 98,353 114,282 1.16 13 Guinea Insurance Plc 43,937 5,130 0.12 14 Industrial & General Insurance Plc N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A 17 KBL Insurance Ltd. 184,467 20,415 0.11 18 LASACO Assurance Plc 147,608 11,478 0.08 19 Law Union & Rock Ins. Plc 420,752 97,442 0.23 20 Leadway Assurance Co. Ltd. 1,528,905 497,132 0.33 21 Linkage Assurance Plc 387,195 37,865 0.10 22 Mutual Benefits Assurance Plc 1,157,516 315,070 0.27 23 NEM Insurance Plc 1,464,407 205,549 0.14 24 NICON Insurance Plc 20,722 0 0.00 25 Niger insurance Plc 39,921 862 0.02 26 Nigerian Agricultural Ins. Corporation 5,690 167 0.03 27 NSIA Insurance Limited 459,903 152,603 0.33 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 1,048,389 96,042 0.09 29 Prestige Assurance Plc 574,191 180,124 0.31 30 Regency Alliance Insurance Plc 591,507 12,576 0.02 31 Royal Exchange Gen. Ins. Co. Ltd. 739,476 121,911 0.16 32 Saham Unitrust Insurance Nig. Ltd. 159,577 24,176 0.15 33 Sovereign Trust Insurance Plc 881,705 126,429 0.14 34 STACO Insurance Plc 631,055 610,231 0.97 35 Standard Alliance Insurance Plc 784,763 142,074 0.18 36 Sterling Assurance Nigeria Ltd. 245,909 38,302 0.16 37 Sunu Assurances Nig. Plc 504,268 218,030 0.43 38 Universal Insurance Plc 34,900 5,955 0.17 39 Veriats Kapital Assurance Plc 72,912 17,539 0.24 40 Wapic Insurance Plc 551,906 90,120 0.16 41 Zenith General Insurance Co. Ltd. 1,084,443 212,684 0.20 TOTAL 22,098,844 5,981,826 0.27 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 1,079 0 0.00 43 Noor Takaful Insurance Plc 2,176 0 0.00 TOTAL 3,255 0 0.00 REINSURANCE COMPANY 44 Continental Reinsurance Plc 1,731,617 615,111 0.36 45 Nigeria Reinsurance Corporation 97,964 26,480 0.27 TOTAL 1,829,581 641,591 0.35 042 Nigeria Insurance Digest 2017

Growth Of Marine & Aviation Insurance Premium 2008 - 2017

YEAR PREMIUM '000 2008 17,231,092 2009 16,727,575 2010 20,097,368 2011 23,400,508 2012 20,967,940 2013 18,685,531 2014 20,715,083 2015 19,527,646 2016 19,596,357 2017 22,102,099 CAGR 2.5%

MARINE & AVIATION(Billions of Naira) 2.5% CAGR

23,400,508 22,102,099 20,967,940 20,715,083 20,097,368 19,527,646 19,596,357 18,685,531 17,231,09216,727,575 GROSS PREMIUM '000 GROSS

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YEARS

Reinsurance Transactions In Marine & Aviation Business 2013-2017

The table below shows the reinsurance transactions in Marine & Aviation insurance business over a period of five years, reflecting the Gross Premium, reinsurance accepted by way of facultative arrangement from other companies and reinsurance cessions both local and overseas.

Ratio of Ratio of Gross Reinsurance Reinsurance Reinsurance Reinsurance Marine & Premium Accepted Ceded Accepted to Ceded to Reinsurance Aviation '000 '000 '000 G.P.I G.P.I Ratio 2013 18,685,531 394,888 6,486,520 0.02 0.35 0.37 2014 20,715,083 362,252 7,652,409 0.02 0.37 0.39 2015 19,527,646 517,865 9,070,880 0.03 0.46 0.49 2016 19,596,357 238,978 8,846,780 0.01 0.45 0.46 2017 22,102,099 257,041 11,978,989 0.01 0.54 0.55 Total 100,626,716 1,771,024 44,035,578 0.02 0.44 0.46 Nigeria Insurance Digest 2017 043

2017 Workmen Compensation Insurance Premium Income

GROSS NET DIRECT REINS PREMIUM REINS. WRITTEN BUSINESS ACCEPTED INCOME CEDED PREMIUM S/NO NAME OF COMPANY '000 '000 '000 '000 '000 1 AIICO Insurance Plc. 145,608 1,332 146,940 46,586 100,354 2 Ensure Insurance Plc 0 0 0 0 0 3 Great Nigeria Insurance Plc 11,174 0 11,174 907 10,267 4 KBL Insurance Ltd. 59 0 59 0 59 5 NICON Insurance Plc 103 0 103 0 103 6 Prestige Assurance Plc 34,718 0 34,718 0 34,718 7 Regency Alliance Insurance Plc 3,199 0 3,199 0 3,199 Total 194,861 1,332 196,193 47,493 148,700 Member Companies Ranked In Order Of Gross Premium Income From Their Workmen Compensation Insurance Business (2013-2017)

2017 GROSS 2016 GROSS 2015 GROSS 2014 GROSS 2013 GROSS

PREMIUM PREMIUM PREMIUM PREMIUM PREMIUM

RANKCOMPANY '000RANKCOMPANY '000RANKCOMPANY '000RANKCOMPANY '000RANKCOMPANY '000

1AIICO Insurance146,940 Plc.1AIICO General166,466 Insurance1AIICO Co.General Ltd. 143,118 Insurance1AIICO Co. General Ltd. 188,863 Insurance1AIICO Co. General Ltd. 225,969 Insurance Co. Ltd.

2Prestige Assurance34,7182 PrestigePlc Assurance33,9452 PrestigePlc Assurance26,3322 EnsurePlc Insurance31,204 Plc2Union Assurance53,062 Co. Ltd.

3Great Nigeria Insurance11,1743Ensure Plc Insurance13,786 Plc3Ensure Insurance18,336 Plc3Prestige Assurance30,2943 PrestigePlc Assurance34,277 Plc

4Regency Alliance3,199 Insurance4Great Nigeria Plc 8,930Insurance4Great Plc Nigeria 8,632Insurance4Great Plc Nigeria Insurance8,6324Regency Plc Alliance20,659 Insurance Plc

5NICON Insurance103 Plc5NICON Insurance5,440 Plc5NICON Insurance5,440 Plc5NICON Insurance5,440 Plc5NICON Insurance17,978 Plc

6KBL Insurance 59Ltd.6Regency Alliance4,621 Insurance6Regency PlcAlliance3,256 Insurance6Regency PlcAlliance5,227 Insurance6Great Nigeria Plc Insurance11,455 Plc

7Ensure Insurance0 Plc7KBL Insurance 87Ltd.7KBL Insurance327 Ltd.7KBL Insurance 389Ltd.7KBL Insurance2,576 Ltd.

Total 196,193 Nigeria Insurance Digest 2017 Insurance Nigeria 044 Nigeria Insurance Digest 2017 045

2017 Ratio Of Gross Claims Paid To Gross Premium Income Of Workmen Compensation

GROSS PREMIUM GROSS S/NO NAME OF COMPANY INCOME CLAIMS PAID RATIO 000 000 1 AIICO Insurance Plc. 146,940 59,145 0.40 2 Ensure Insurance Plc 0 0 0 3 Great Nigeria Insurance Plc 11,174 7,030 0.63 4 KBL Insurance Ltd. 59 0 0.00 5 NICON Insurance Plc 103 0 0.00 6 Prestige Assurance Plc 34,718 22,173 0.64 7 Regency Alliance Insurance Plc 3,199 0 0.00 TOTAL 196,193 88,348 0.45

The table below shows a steady decline in the volume of production of Workmen Compensation & Employers Liability Insurance premium. This is attributable to the regulatory directives of Employee's Compensation ACT, 2010 which effectively transfered the management of Workmen Compensation & Employers Liability insurance to National Social Insurance Trust Fund (NSITF). The figures represent a supplementary benefit

Growth Of Workmen Compensation & Employers Liability Insurance Premium 2008 - 2017

YEAR PREMIUM '000 2008 719,870 2009 1,703,567 2010 903,247 2011 630,823 2012 502,604 2013 365,976 2014 270,749 2015 205,441 2016 233,275 2017 196,193 CAGR -12.2%

WORKEN'S COMPENSATION/EMP. (Billions of Naira)

1,703,567 -12.2% CAGR

903,247 719,870 630,823 502,604 365,976 270,749 GROSS PREMIUM '000 GROSS 205,441 233,275 196,193

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YEARS 046 Nigeria Insurance Digest 2017

Reinsurance Transactions In Workmen Compensation & Employers Liability Business 2013-2017

The table below shows the reinsurance transactions in Workmen Compensation & Employers Liability insurance business over a period of five years, reflecting the Gross Premium, reinsurance accepted by way of facultative arrangement from other companies and businesses ceded to reinsurance companies

Ratio of Ratio of Workmen Gross Reinsurance Reinsurance Reinsurance Reinsurance Compensation/Emp. Premium Accepted Ceded Accepted to Ceded to Reinsurance Liability '000 '000 '000 G.P.I G.P.I Ratio 2013 365,976 1,852 113,764 0.01 0.31 0.32 2014 270,049 478 116,338 0.00 0.43 0.43 2015 205,441 1,270 75,235 0.01 0.37 0.38 2016 233,275 770 54,346 0.00 0.23 0.23 2017 196,193 1,332 47,493 0.01 0.24 0.25 Total 1,270,934 5,702 407,176 0.00 0.32 0.32 Nigeria Insurance Digest 2017 047

2017 Oil And Gas Insurance Premium Income

NET DIRECT REINS GROSS PREMIUM WRITTEN BUSINESS ACCEPTED INCOME REINS. CEDED PREMIUM S/NO NAME OF COMPANY '000 '000 '000 '000 '000 1 AIICO Insurance Plc. 1,342,639 482 1,343,121 884,764 458,357 2 Alliance & General Insurance Co. Ltd N/A N/A N/A N/A N/A 3 Anchor Insurance Company Ltd. 612,258 8,928 621,186 186,691 434,495 4 AXA Mansard Insurance Plc 6,081,580 126 6,081,706 5,055,075 1,026,631 5 Consolidated Hallmark Insurance Plc 1,289,680 14,608 1,304,288 634,878 669,410 6 Cornerstone Insurance Plc 1,574,935 0 1,574,935 1,187,350 387,585 7 Custodian & Allied Insurance Ltd. 9,519,585 0 9,519,585 7,660,542 1,859,043 8 Ensure Insurance Plc 785,916 41,559 827,475 405,014 422,461 9 FBN General Insurance Limited 1,288,686 0 1,288,686 598,892 689,794 10 Fin Insurance Company Ltd. 285,737 0 285,737 139,424 146,313 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 99,325 0 99,325 22,998 76,327 13 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 14 International Energy Ins. Plc N/A N/A N/A N/A N/A 15 KBL Insurance Ltd. 7,153 0 7,153 -612 7,765 16 LASACO Assurance Plc 1,948,057 258,458 2,206,515 1,628,486 578,029 17 Law Union & Rock Ins. Plc 1,106,724 0 1,106,724 490,728 615,996 18 Leadway Assurance Co. Ltd. 12,753,215 0 12,753,215 10,847,184 1,906,031 19 Linkage Assurance Plc 1,476,535 14,650 1,491,185 511,041 980,144 20 Mutual Benefits Assurance Plc 1,076,073 0 1,076,073 192,879 883,194 21 NEM Insurance Plc 1,619,954 1,950 1,621,904 717,983 903,921 22 NICON Insurance Plc 8,761 0 8,761 0 8,761 23 Nigerian Agricultural Ins. Corporation 1,525 0 1,525 0 1,525 24 NSIA Insurance Limited 1,099,725 0 1,099,725 824,239 275,486 25 Old Mutual Gen. Ins. Co. Nig. Ltd. 552,253 0 552,253 275,090 277,163 26 Prestige Assurance Plc 249,561 35,439 285,000 181,638 103,362 27 Regency Alliance Insurance Plc 1,119,643 728 1,120,371 585,293 535,078 28 Royal Exchange Gen. Ins. Co. Ltd. 4,859,666 0 4,859,666 4,016,237 843,429 29 Saham Unitrust Insurance Nig. Ltd. 460,112 0 460,112 383,741 76,371 30 Sovereign Trust Insurance Plc 3,348,894 0 3,348,894 2,584,322 764,572 31 STACO Insurance Plc 808,602 0 808,602 369,671 438,931 32 Standard Alliance Insurance Plc 729,844 0 729,844 331,700 398,144 33 Sterling Assurance Nigeria Ltd. 982,655 3,299 985,954 161,019 824,935 34 Sunu Assurances Nig. Plc 738,268 1,547 739,815 203,747 536,068 35 Universal Insurance Plc 52,178 4,830 57,008 11,244 45,764 36 Veritas Kapital Assurance Plc 1,108,902 1,144 1,110,046 427,618 682,428 37 Wapic Insurance Plc 2,013,466 799 2,014,265 850,756 1,163,509 38 Zenith Insurance Company Ltd. 2,526,496 0 2,526,496 1,372,916 1,153,580 Total 63,528,603 388,547 63,917,150 43,742,548 20,174,602 TAKAFUL COMPANY 39 Jaiz Takaful Insurance Plc 0 0 0 0 0 40 Noor Takaful Insurance Plc 0 0 0 0 0 TOTAL 0 0 0 0 0 DIRECT REINS GROSS RETROCESSION NET REINSURANCE COMPANY BUSINESS ACCEPTED PREMIUM PREMIUM '000 '000 '000 '000 '000 41 Continental Reinsurance Plc 2,146,525 0 2,146,525 631,216 1,515,309 42 Nigeria Reinsurance Corporation 21,808 0 21,808 20,732 1,076 TOTAL 2,168,333 0 2,168,333 651,948 1,516,385

Nigeria Insurance Digest 2017 049 RANK 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 TOTAL Noor Takaful Insurance Plc Jaiz Takaful Insurance Plc TAKAFUL COMPANY Total Alliance & General Insurance Co. Ltd Goldlink Insurance Plc International Energy Ins. Plc Industrial & General Insurance Plc Nigerian Agricultural Ins. Corporation KBL Insurance Ltd. NICON Insurance Plc Universal Insurance Plc Great Nigeria Insurance Plc Prestige Assurance Plc Fin Insurance Company Ltd. Saham Unitrust Insurance Nig. Ltd. Old Mutual Gen. Ins. Co. Nig. Ltd. Anchor Insurance Company Ltd. Standard Alliance Insurance Plc Sunu Assurances Nig. Plc STACO Insurance Plc Ensure Insurance Plc Sterling Assurance Nigeria Ltd. Mutual Benefits Assurance Plc NSIA Insurance Limited Law Union & Rock Ins. Plc Veritas Kapital Assurance Plc Regency Alliance Insurance Plc FBN General Insurance Limited Consolidated Hallmark Insurance Plc AIICO Insurance Plc. Linkage Assurance Plc Cornerstone Insurance Plc NEM Insurance Plc Wapic Insurance Plc LASACO Assurance Plc Zenith Insurance Company Ltd. Sovereign Trust Insurance Plc Royal Exchange Gen. Ins. Co. Ltd. Mansard Insurance Plc AXA Custodian & Allied Insurance Ltd. Leadway Assurance Co. Ltd. COMPANY 2017 63,917,150 PREMIUM 12,753,215 3,348,894 4,859,666 2,526,496 2,206,515 9,519,585 1,288,686 1,304,288 2,014,265 6,081,706 1,099,725 1,574,935 1,076,073 1,621,904 1,106,724 1,343,121 1,491,185 1,110,046 1,120,371 552,253 285,000 808,602 985,954 729,844 285,737 827,475 739,815 621,186 460,112 GROSS 99,325 57,008 1,525 Member Companies Ranked In Order Of Gross Premium Income 7,153 8,761 '000 N/A N/A N/A N/A 0 0 0 RANK 33 35 38 30 32 23 36 39 25 28 20 22 26 29 34 40 24 37 27 31 13 15 18 10 21 12 16 19 41 14 17 11 3 5 8 2 6 9 4 7 1 COMPANY KBL Insurance Ltd. Nigerian Agricultural Ins. Corporation Universal Insurance Plc Alliance & General Insurance Co. Ltd Great Nigeria Insurance Plc NICON Insurance Plc Prestige Assurance Plc Fin Insurance Company Ltd. Saham Unitrust Insurance Co. Ltd. Goldlink Insurance Plc Old Mutual Insurance Co. Ltd. Anchor Insurance Company Ltd. NSIA Insurance Company Limited Equity Assurance Plc STACO Insurance Plc FBN General Insurance Limited Standard Alliance Insurance Plc Law Union & Rock Ins. Plc Consolidated Hallmark Insurance Plc Ensure Insurance Plc Regency Alliance Insurance Plc UnityKapital Assurance Plc NEM Insurance Plc Sterling Assurance Nigeria Ltd. AIICO General Insurance Co. Ltd. Mutual Benefits Assurance Plc Cornerstone Insurance Plc International Energy Ins. Plc Linkage Assurance Plc Zenith Insurance Company Ltd. Wapic Insurance Plc LASACO Assurance Plc Industrial & General Insurance Plc Sovereign Trust Insurance Plc Royal Exchange Gen. Ins. Co. Ltd. Mansard Insurance Plc AXA Custodian & Allied Insurance Plc Leadway Assurance Co. Ltd. From Their Oil And Gas Insurance Business (2013-2017) 2016 PREMIUM 11,625,470 8,049,567 1,368,623 3,813,269 2,235,192 1,626,250 1,569,990 1,449,232 1,940,422 1,023,470 1,028,513 3,415,138 1,319,095 1,081,492 1,461,445 1,901,215 539,222 492,089 527,834 637,458 437,925 286,315 512,360 818,525 391,690 919,529 814,298 139,454 512,987 913,198 788,717 GROSS 88,828 64,245 27,333 110,477 179,161 13,655 6,594 '000 RANK 33 35 38 30 32 23 36 39 25 28 20 22 26 29 34 40 24 37 27 13 31 15 18 10 12 21 16 19 41 14 17 11 3 5 8 2 6 9 4 7 1 COMPANY Custodian & Allied Insurance Plc Mutual Benefits Assurance Plc Leadway Assurance Co. Ltd. International Energy Ins. Plc LASACO Assurance Plc Zenith Insurance Company Ltd. Industrial & General Insurance Plc Wapic Insurance Plc Sovereign Trust Insurance Plc Mansard Insurance Plc AXA UnityKapital Assurance Plc AIICO General Insurance Co. Ltd. Royal Exchange Gen. Ins. Co. Ltd. Cornerstone Insurance Plc NEM Insurance Plc Consolidated Hallmark Insurance Plc Regency Alliance Insurance Plc Sterling Assurance Nigeria Ltd. Standard Alliance Insurance Plc Linkage Assurance Plc Law Union & Rock Ins. Plc Anchor Insurance Company Ltd. NSIA Insurance Company Limited Equity Assurance Plc Old Mutual Insurance Co. Ltd. STACO Insurance Plc Fin Insurance Company Ltd. Unitrust Insurance Co. Ltd. Goldlink Insurance Plc FBN General Insurance Limited Prestige Assurance Plc Ensure Insurance Plc Nigerian Agricultural Ins. Corporation NICON Insurance Plc Great Nigeria Insurance Plc KBL Insurance Ltd. Alliance & General Insurance Co. Ltd 2015 PREMIUM 6,343,753 3,066,764 2,849,497 1,323,998 1,586,309 2,143,563 6,557,647 1,556,846 1,002,465 1,449,232 1,075,338 1,940,422 1,307,037 1,305,778 1,617,242 6,149,174 1,931,881 282,032 820,469 620,499 446,059 240,426 427,890 748,048 225,818 612,508 391,690 694,261 423,173 671,296 713,924 191,303 145,164 GROSS 64,245 110,477 65,671 18,311 '000 RANK 33 35 38 30 32 23 36 39 25 28 20 22 26 29 34 40 24 37 27 31 13 15 18 10 21 12 16 19 41 14 17 11 3 5 8 2 6 9 4 7 1 COMPANY KBL Insurance Ltd. Alliance & General Insurance Co. Ltd Nigerian Agricultural Ins. Corporation NICON Insurance Plc Great Nigeria Insurance Plc Unitrust Insurance Co. Ltd. Prestige Assurance Plc Fin Insurance Company Ltd. Ensure Insurance Plc Anchor Insurance Company Ltd. Old Mutual Insurance Co. Ltd. NSIA Insurance Company Limited Goldlink Insurance Plc OASIS Insurance Plc STACO Insurance Plc Linkage Assurance Plc Regency Alliance Insurance Plc Cornerstone Insurance Plc Equity Assurance Plc Standard Alliance Insurance Plc Law Union & Rock Ins. Plc Consolidated Hallmark Insurance Plc UnityKapital Assurance Plc Sterling Assurance Nigeria Ltd. Wapic Insurance Plc Zenith Insurance Company Ltd. NEM Insurance Plc Royal Exchange Gen. Ins. Co. Ltd. International Energy Ins. Plc AIICO General Insurance Co. Ltd. Industrial & General Insurance Plc LASACO Assurance Plc Sovereign Trust Insurance Plc Mansard Insurance Plc AXA Custodian & Allied Insurance Plc Mutual Benefits Assurance Plc Leadway Assurance Co. Ltd. 2014 PREMIUM 2,346,853 7,045,435 2,724,993 4,337,703 1,330,535 1,059,965 1,228,682 1,522,452 1,924,040 1,940,422 5,914,078 1,748,622 1,075,973 1,125,002 1,321,406 7,719,713 348,396 226,324 354,848 678,895 760,243 474,036 391,690 188,342 998,541 694,261 718,365 270,152 371,944 718,494 712,697 GROSS 231,162 145,164 64,245 110,477 37,254 9,495 '000 RANK 33 35 38 30 32 23 36 39 25 28 20 22 26 29 34 40 24 37 27 13 31 15 18 10 12 21 16 19 14 41 17 11 3 5 8 2 6 9 4 7 1 KBL Insurance Ltd. Nigerian Agricultural Ins. Corporation Alliance & General Insurance Co. Ltd NICON Insurance Plc Fin Insurance Company Ltd. Old Mutual Insurance Co. Ltd. Prestige Assurance Plc NSIA Insurance Company Limited Great Nigeria Insurance Plc OASIS Insurance Plc Union Assurance Co. Ltd. Unitrust Insurance Co. Ltd. Goldlink Insurance Plc Law Union & Rock Ins. Plc Anchor Insurance Company Ltd. UnityKapital Assurance Plc Equity Assurance Plc Standard Alliance Insurance Plc Linkage Assurance Plc Consolidated Hallmark Insurance Plc STACO Insurance Plc Regency Alliance Insurance Plc Cornerstone Insurance Plc Wapic Insurance Plc NEM Insurance Plc Sterling Assurance Nigeria Ltd. LASACO Assurance Plc International Energy Ins. Plc Zenith Insurance Company Ltd. Royal Exchange Gen. Ins. Co. Ltd. AIICO General Insurance Co. Ltd. Industrial & General Insurance Plc Mansard Insurance Plc Sovereign Trust Insurance Plc Custodian & Allied Insurance Plc Leadway Assurance Co. Ltd. 2013 16,969,898 PREMIUM 13,212,078 3,392,039 2,290,068 1,208,333 2,014,556 2,247,879 1,209,845 4,420,221 2,414,206 1,938,870 1,579,479 1,524,120 1,946,641 1,210,519 853,393 230,503 968,055 602,065 908,346 845,982 766,832 576,384 323,794 570,967 210,603 246,133 962,180 284,132 129,980 GROSS 297,131 214,710 49,685 64,245 111,733 18,143 '000 050 Nigeria Insurance Digest 2017

2017 Ratio Of Gross Claims Paid To Gross Premium Income Of Oil And Gas Business

GROSS PREMIUM GROSS CLAIMS INCOME PAID NAME OF COMPANY 000 000 RATIO S/NO 1 AIICO Insurance Plc. 1,343,121 161,754 0.12 2 Alliance & General Insurance Co. Ltd N/A N/A N/A 3 Anchor Insurance Company Ltd. 621,186 103,432 0.17 4 AXA Mansard Insurance Plc 6,081,706 1,298,999 0.21 5 Consolidated Hallmark Insurance Plc 1,304,288 136,110 0.10 6 Cornerstone Insurance Plc 1,574,935 276,259 0.18 7 Custodian & Allied Insurance Ltd. 9,519,585 44,176 0.00 8 Ensure Insurance Plc 827,475 121,249 0.15 9 FBN General Insurance Limited 1,288,686 80,300 0.06 10 Fin Insurance Company Ltd. 285,737 110,782 0.39 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 99,325 9,166 0.09 13 Industrial & General Insurance Plc N/A N/A N/A 14 International Energy Ins. Plc N/A N/A N/A 15 KBL Insurance Ltd. 7,153 0 0.00 16 LASACO Assurance Plc 2,206,515 181,554 0.08 17 Law Union & Rock Ins. Plc 1,106,724 115,989 0.10 18 Leadway Assurance Co. Ltd. 12,753,215 4,094,820 0.32 19 Linkage Assurance Plc 1,491,185 411,621 0.28 20 Mutual Benefits Assurance Plc 1,076,073 308,844 0.29 21 NEM Insurance Plc 1,621,904 162,117 0.10 22 NICON Insurance Plc 8,761 0 0.00 23 Nigerian Agricultural Ins. Corporation 1,525 0 0.00 24 NSIA Insurance Limited 1,099,725 188,855 0.17 25 Old Mutual Gen. Ins. Co. Nig. Ltd. 552,253 114,860 0.21 26 Prestige Assurance Plc 285,000 85,037 0.30 27 Regency Alliance Insurance Plc 1,120,371 295,893 0.26 28 Royal Exchange Gen. Ins. Co. Ltd. 4,859,666 377,463 0.08 29 Saham Unitrust Insurance Nig. Ltd. 460,112 129,822 0.28 30 Sovereign Trust Insurance Plc 3,348,894 436,952 0.13 31 STACO Insurance Plc 808,602 300,781 0.37 32 Standard Alliance Insurance Plc 729,844 153,341 0.21 33 Sterling Assurance Nigeria Ltd. 985,954 229,854 0.23 34 Sunu Assurances Nig. Plc 739,815 32,036 0.04 35 Universal Insurance Plc 57,008 0 0.00 36 Veritas Kapital Assurance Plc 1,110,046 227,755 0.21 37 Wapic Insurance Plc 2,014,265 277,629 0.14 38 Zenith Insurance Company Ltd. 2,526,496 461,913 0.18 TOTAL 63,917,150 10,929,363 0.17 TAKAFUL COMPANY 39 Jaiz Takaful Insurance Plc 0 0 0 40 Noor Takaful Insurance Plc 0 0 0 TOTAL 0 0 0

REINSURANCE COMPANY 41 Continental Reinsurance Plc 2,146,525 1,930,802 0.90 42 Nigeria Reinsurance Corporation 21,808 1,005 0.05 TOTAL 2,168,333 1,931,807 0.89 Nigeria Insurance Digest 2017 051

Growth Of Oil & Gas Insurance Premium 2008 - 2017

YEAR PREMIUM '000 2008 17,402,586 2009 31,577,402 2010 26,095,218 2011 34,121,742 2012 55,754,181 2013 66,813,748 2014 52,870,899 2015 51,120,210 2016 54,130,277 2017 63,917,150 CAGR 13.9%

OIL &GAS (Billions of Naira) 13.9% CAGR 66,813,748 63,917,150

55,754,181 52,870,899 54,130,277 51,120,210

34,121,742 31,577,402 26,095,218

17,402,586 GROSS PREMIUM'000 GROSS

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YEARS Reinsurance Transactions In Oil & Gas Insurance Business 2013-2017

The table below shows the reinsurance transactions in Oil & Gas insurance business over a period of five years, reflecting the Gross Premium, reinsurance accepted by way of facultative arrangement from other companies and reinsurance cessions both local and overseas.

Gross Reinsurance Reinsurance Ratio of Oil Premium Accepted Ceded Reinsurance Ratio of Reinsurance & Gas '000 '000 '000 Accepted Reinsurance Ratio to G.P.I Ceded to G.P.I

2013 66,813,748 1,419,546 33,477,921 0.02 0.50 0.52 2014 52,870,899 240,383 40,946,082 0.00 0.77 0.77 2015 51,120,210 167,387 39,062,691 0.00 0.76 0.76 2016 54,130,277 544,030 38,222,065 0.01 0.71 0.72 2017 63,917,150 388,547 43,742,548 0.01 0.68 0.69 Total 288,852,284 2,759,893 195,451,307 0.01 0.68 0.69 052 Nigeria Insurance Digest 2017

2017 Engineering Insurance Premium Income

REINS NET DIRECT ACCEPTED GROSS PREMIUM REINS. CEDED WRITTEN BUSINESS INCOME PREMIUM S/NO NAME OF COMPANY '000 '000 '000 '000 '000 1 AIICO Insurance Plc. 0 0 0 0 0 2 Alliance & General Insurance Co. Ltd N/A N/A N/A N/A N/A 3 Anchor Insurance Company Ltd. 58,459 19,952 78,411 12,484 65,927 4 AXA Mansard Insurance Plc 1,006,066 3,568 1,009,634 779,540 230,094 5 Consolidated Hallmark Insurance Plc 158,920 4,744 163,664 68,755 94,909 6 Cornerstone Insurance Plc 0 0 0 0 0 7 Custodian & Allied Insurance Ltd. 1,076,563 0 1,076,563 195,567 880,996 8 Ensure Insurance Plc 214,570 7,704 222,274 144,335 77,939 9 FBN General Insurance Limited 214,169 0 214,169 88,313 125,856 10 Fin Insurance Company Ltd. 31,827 0 31,827 49,705 -17,878 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 29,049 0 29,049 15,182 13,867 13 Guinea Insurance Plc 0 0 0 0 0 14 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 15 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A 17 KBL Insurance Ltd. 44,324 3,279 47,603 40,624 6,979 18 LASACO Assurance Plc 228,474 54,115 282,589 61,908 220,681 19 Law Union & Rock Ins. Plc 637,757 0 637,757 389,943 247,814 20 Leadway Assurance Co. Ltd. 1,288,743 0 1,288,743 369,157 919,586 21 Linkage Assurance Plc 137,452 4,130 141,582 75,214 66,368 22 Mutual Benefits Assurance Plc 0 0 0 0 0 23 NEM Insurance Plc 0 0 0 0 0 24 NICON Insurance Plc 11,409 0 11,409 0 11,409 25 Niger Insurance Plc 0 0 0 0 0 26 Nigerian Agricultural Ins. Corporation 4,945 0 4,945 4,260 685 27 NSIA Insurance Limited 316,010 0 316,010 236,649 79,361 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 189,187 0 189,187 288,154 -98,967 29 Prestige Assurance Plc 146,633 10,230 156,863 92,145 64,718 30 Regency Alliance Insurance Plc 279,280 17,572 296,852 207,321 89,531 31 Royal Exchange Gen. Ins. Co. Ltd. 166,300 0 166,300 93,852 72,448 32 Saham Unitrust Insurance Nig. Ltd. 166,573 0 166,573 94,321 72,252 33 Sovereign Trust Insurance Plc 558,703 0 558,703 265,040 293,663 34 STACO Insurance Plc 154,413 0 154,413 94,355 60,058 35 Standard Alliance Insurance Plc 161,665 0 161,665 21,257 140,408 36 Sterling Assurance Nigeria Ltd. 152,443 16,559 169,002 97,170 71,832 37 Sunu Assurances Nig. Plc 116,788 5,582 122,370 29,920 92,450 38 Universal Insurance Plc 29,101 11,368 40,469 24,184 16,285 39 Veritas Kapital Assurance Plc 349,907 5,258 355,165 45,572 309,593 40 Wapic Insurance Plc 309,431 12,656 322,087 232,961 89,126 41 Zenith Insurance Company Ltd. 524,881 0 524,881 461,261 63,620 Total 8,764,042 176,717 8,940,759 4,579,149 4,361,610 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 4,795 0 4,795 1,515 3,280 43 Noor Takaful Insurance Plc 0 0 0 0 0 TOTAL 4,795 0 4,795 1,515 3,280 DIRECT REINS GROSS RETROCESSION NET BUSINESS ACCEPTED PREMIUM '000 PREMIUM REINSURANCE COMPANY '000 '000 '000 0 '000 44 Continental Reinsurance Plc 0 0 0 0 0 45 Nigeria Reinsurance Corporation 0 0 0 0 0 TOTAL 0 0 0 0 0 Member Companies Ranked In Order Of Gross Premium Income From Their Direct Engineering Insurance Business (2015- 2017)

2016 GROSS 2015 GROSS GROSS 2017 PREMIUM PREMIUM PREMIUM COMPANY COMPANY COMPANY S/N '000 S/N '000 '000 S/N 1 AXA Mansard Insurance Plc 1,720,769 1 AXA Mansard Insurance Plc 769,014 1 Leadway Assurance Co. Ltd. 1,288,743 2 Leadway Assurance Co. Ltd. 953,269 2 Leadway Assurance Co. Ltd. 759,775 2 Custodian & Allied Insurance Ltd. 1,076,563 3 Industrial & General Insurance Plc 506,923 3 Custodian & Allied Insurance Plc 580,317 3 AXA Mansard Insurance Plc 1,009,634 4 Regency Alliance Insurance Plc 464,725 4 Industrial & General Insurance Plc 506,923 4 Law Union & Rock Ins. Plc 637,757 5 Law Union & Rock Ins. Plc 426,238 5 Regency Alliance Insurance Plc 339,436 5 Sovereign Trust Insurance Plc 558,703 6 Custodian & Allied Insurance Plc 422,490 6 Zenith Insurance Company Ltd. 299,959 7 Sovereign Trust Insurance Plc 396,883 7 NSIA Insurance Company Limited 289,847 6 Zenith Insurance Company Ltd. 524,881 8 Zenith Insurance Company Ltd. 369,391 8 Sovereign Trust Insurance Plc 287,389 7 Veritas Kapital Assurance Plc 355,165 9 Linkage Assurance Plc 273,019 9 Law Union & Rock Ins. Plc 262,599 8 Wapic Insurance Plc 322,087 10 UnityKapital Assurance Plc 240,644 10 Linkage Assurance Plc 259,243 9 NSIA Insurance Limited 316,010 11 NSIA Insurance Company Limited 233,338 11 UnityKapital Assurance Plc 238,594 10 Regency Alliance Insurance Plc 296,852 12 Royal Exchange Gen. Ins. Co. Ltd. 191,882 12 Unitrust Insurance Co. Ltd. 221,822 11 LASACO Assurance Plc 282,589 13 Ensure Insurance Plc 162,089 13 Royal Exchange Gen. Ins. Co. Ltd. 219,910 12 Ensure Insurance Plc 222,274 14 FBN General Insurance Limited 150,187 14 STACO Insurance Plc 209,850 13 FBN General Insurance Limited 214,169 15 Old Mutual Insurance Co. Ltd. 147,572 15 Consolidated Hallmark Insurance Plc 142,135 17 Wapic Insurance Plc 144,122 17 Alliance & General Insurance Co. Ltd 139,586 14 Old Mutual Gen. Ins. Co. Nig. Ltd. 189,187 18 Consolidated Hallmark Insurance Plc 142,837 18 LASACO Assurance Plc 132,540 15 Sterling Assurance Nigeria Ltd. 169,002 19 Alliance & General Insurance Co. Ltd 139,586 19 Standard Alliance Insurance Plc 132,053 17 Saham Unitrust Insurance Nig. Ltd. 166,573 20 Saham Unitrust Insurance Co. Ltd. 133,162 20 Sterling Assurance Nigeria Ltd. 100,474 18 Royal Exchange Gen. Ins. Co. Ltd. 166,300 21 STACO Insurance Plc 132,228 21 FBN General Insurance Limited 96,163 19 Consolidated Hallmark Insurance Plc 163,664 22 Standard Alliance Insurance Plc 110,572 22 Old Mutual Insurance Co. Ltd. 94,307 20 Standard Alliance Insurance Plc 161,665 23 LASACO Assurance Plc 107,557 23 Wapic Insurance Plc 90,052 21 Prestige Assurance Plc 156,863 24 Sterling Assurance Nigeria Ltd. 82,640 24 Equity Assurance Plc 88,256 22 STACO Insurance Plc 154,413 25 KBL Insurance Ltd. 72,989 25 Ensure Insurance Plc 84,269 26 Goldlink Insurance Plc 69,098 26 KBL Insurance Ltd. 83,197 23 Linkage Assurance Plc 141,582 27 Equity Assurance Plc 68,677 27 Goldlink Insurance Plc 69,098 24 Sunu Assurances Nig. Plc 122,370 28 Prestige Assurance Plc 63,974 28 Prestige Assurance Plc 58,689

25 Anchor Insurance Company Ltd. 78,411 29 Anchor Insurance Company Ltd. 50,323 29 Anchor Insurance Company Ltd. 56,305 Nigeria Insurance Digest2017 26 KBL Insurance Ltd. 47,603 30 Fin Insurance Company Ltd. 39,384 30 Fin Insurance Company Ltd. 38,224 27 Universal Insurance Plc 40,469 31 Universal Insurance Plc 30,539 31 Great Nigeria Insurance Plc 16,003 28 Fin Insurance Company Ltd. 31,827 32 Great Nigeria Insurance Plc 27,306 32 29 Great Nigeria Insurance Plc 29,049 33 Nigerian Agricultural Ins. Corporation 140 33 30 NICON Insurance Plc 11,409 34 NICON Insurance Plc _ 34 31 Nigerian Agricultural Ins. Corporation 4,945 32 Industrial & General Insurance Plc N/A 33 Alliance & General Insurance Co. Ltd N/A 34 Goldlink Insurance Plc N/A Total 8,940,759 TAKAFUL COMPANY 35 Jaiz Takaful Insurance Plc 4,795 36 Noor Takaful Insurance Plc 0 TOTAL 4,795 053 054 Nigeria Insurance Digest 2017

2017 Ratio Of Gross Claims Paid To Gross Premium Income Of Engineering Business

GROSS PREMIUM GROSS CLAIMS INCOME PAID NAME OF COMPANY 000 000 RATIO S/NO 1 Alliance & General Insurance Co. Ltd N/A N/A N/A 2 Anchor Insurance Company Ltd. 78,411 22,652 0.29 3 AXA Mansard Insurance Plc 1,009,634 316,220 0.31 4 Consolidated Hallmark Insurance Plc 163,664 48,802 0.30 5 Custodian & Allied Insurance Ltd. 1,076,563 93,844 0.09 6 Ensure Insurance Plc 222,274 65,428 0.29 7 FBN General Insurance Limited 214,169 15,435 0.07 8 Fin Insurance Company Ltd. 31,827 407 0.01 9 Goldlink Insurance Plc N/A N/A N/A 10 Great Nigeria Insurance Plc 29,049 11,078 0.38 11 Industrial & General Insurance Plc N/A N/A N/A 12 KBL Insurance Ltd. 47,603 7,768 0.16 13 LASACO Assurance Plc 282,589 15,105 0.05 14 Law Union & Rock Ins. Plc 637,757 82,270 0.13 15 Leadway Assurance Co. Ltd. 1,288,743 247,494 0.19 16 Linkage Assurance Plc 141,582 130,656 0.92 17 NICON Insurance Plc 11,409 326 0.03 18 Nigerian Agricultural Ins. Corporation 4,945 0 0.00 19 NSIA Insurance Limited 316,010 30,371 0.10 20 Old Mutual Gen. Ins. Co. Nig. Ltd. 189,187 19,070 0.10 21 Prestige Assurance Plc 156,863 31,922 0.20 22 Regency Alliance Insurance Plc 296,852 8,790 0.03 23 Royal Exchange Gen. Ins. Co. Ltd. 166,300 83,985 0.51 24 Saham Unitrust Insurance Nig. Ltd. 166,573 95,664 0.57 25 Sovereign Trust Insurance Plc 558,703 42,041 0.08 26 STACO Insurance Plc 154,413 73,227 0.47 27 Standard Alliance Insurance Plc 161,665 220,039 1.36 28 Sterling Assurance Nigeria Ltd. 169,002 9,301 0.06 29 Sunu Assurances Nig. Plc 122,370 6,550 0.05 30 Universal Insurance Plc 40,469 131 0.00 31 Veritas Kapital Assurance Plc 355,165 67,842 0.19 32 Wapic Insurance Plc 322,087 36,905 0.11 33 Zenith Insurance Company Ltd. 524,881 44,025 0.08 TOTAL 8,940,759 1,827,348 0.20 TAKAFUL COMPANY 34 Jaiz Takaful Insurance Plc 4,795 0 0.00 35 Noor Takaful Insurance Plc 0 0 0 TOTAL 4,795 0 0.00 REINSURANCE COMPANY 36 Continental Reinsurance Plc 0 0 0.00 37 Nigeria Reinsurance Corporation 0 0 0.00 TOTAL 0 0 0.00 Nigeria Insurance Digest 2017 055

Growth Of Engineering Insurance Premium 2008 - 2017

YEAR PREMIUM '000 2008 - 2009 - 2010 - 2011 - 2012 - 2013 - 2014 - 2015 3,195,688 2016 8,074,553 2017 8,945,554 CAGR 40.9%

ENGINEERING (Billions of Naira) 40.9%CAGR 8,945,554

8,074,553

3,195,688 GROSS PREMIUM '000 GROSS

2015 2016 2017 YEARS Reinsurance Transactions In Engineering Business 2013-2017

The table below shows the reinsurance transactions in Engineering insurance business over a period of five years, reflecting the Gross Premium, reinsurance accepted by way of facultative arrangement from other companies and businesses ceded to reinsurance companies

Ratio of Ratio of Gross Reinsurance Reinsurance Reinsurance Reinsurance Engineering Premium Accepted Ceded Accepted to Ceded to Reinsurance '000 '000 '000 G.P.I G.P.I Ratio

2013 ------2014 ------2015 3,195,688 87,919 3,140,613 0.03 0.98 1.01 2016 8,074,553 162,996 4,028,835 0.02 0.49 0.51 2017 8,945,554 176,717 4,580,664 0.02 0.51 0.53 Total 20,215,795 427,632 11,750,112 0.02 0.58 0.60 056 Nigeria Insurance Digest 2017

2017 Miscellaneous Insurance Premium Income

REINS NET DIRECT ACCEPTED GROSS PREMIUM REINS. CEDED WRITTEN

BUSINESS INCOME PREMIUM S/NO NAME OF COMPANY '000 '000 '000 '000 '000 1 Alliance & General Insurance Co. Ltd N/A N/A N/A N/A N/A

2 Anchor Insurance Company Ltd. 99,262 0 99,262 27,104 72,158 3 AXA Mansard Insurance Plc 16,919 0 16,919 0 16,919 4 Consolidated Hallmark Insurance Plc 70,374 0 70,374 17,647 52,727 5 Custodian & Allied Insurance Ltd. 8,429 0 8,429 3,989 4,440 6 Ensure Insurance Plc 0 0 0 0 0 7 FBN General Insurance Limited 23,263 0 23,263 11,124 12,139 8 Fin Insurance Company Ltd. 5,232 0 5,232 5,998 -766 9 Goldlink Insurance Plc N/A N/A N/A N/A N/A 10 Great Nigeria Insurance Plc 2,182 0 2,182 -263 2,445 11 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 12 KBL Insurance Ltd. 879 0 879 288 591 13 LASACO Assurance Plc 187,669 15,441 203,110 64,826 138,284 14 Law Union & Rock Ins. Plc 3,747 0 3,747 2,293 1,454 15 Leadway Assurance Co. Ltd. 588,153 0 588,153 231,013 357,140 16 Linkage Assurance Plc 0 0 0 0 0 17 Mutual Benefits Assurance Plc 43,519 0 43,519 6,233 37,286 18 NICON Insurance Plc 0 0 0 0 0 19 Nigerian Agricultural Ins. Corporation 1,396,213 0 1,396,213 180,329 1,215,884 20 NSIA Insurance Limited 46,401 0 46,401 20,594 25,807 21 Old Mutual Gen. Ins. Co. Nig. Ltd. 34,695 0 34,695 24,231 10,464 22 Prestige Assurance Plc 289,280 75 289,355 59,898 229,457 23 Regency Alliance Insurance Plc 5,025 0 5,025 251 4,774 24 Royal Exchange Gen. Ins. Co. Ltd. 4,222 0 4,222 2,692 1,530 25 Saham Unitrust Insurance Nig. Ltd. 22,000 0 22,000 10,323 11,677 26 Sovereign Trust Insurance Plc 0 0 0 0 0 27 STACO Insurance Plc 41,037 0 41,037 8,203 32,834 28 Standard Alliance Insurance Plc 64,149 0 64,149 5,410 58,739 29 Sterling Assurance Nigeria Ltd. 106,254 908 107,162 44,150 63,012 30 Sunu Assurances Nig. Plc 34,862 0 34,862 18,917 15,945 31 Universal Insurance Plc 138,264 3,316 141,580 31,639 109,941 32 Veritas Kapital Assurance Plc 6,521 0 6,521 2,448 4,073 33 Wapic Insurance Plc 2,310 0 2,310 1,824 486 34 Zenith Insurance Company Ltd. 523,341 0 523,341 20,031 503,310 Total 3,764,202 19,740 3,783,942 801,192 2,982,750 TAKAFUL COMPANY 35 Jaiz Takaful Insurance Plc 0 0 0 0 0 36 Noor Takaful Insurance Plc 0 0 0 0 0 TOTAL 0 0 0 0 0 DIRECT BUSINESS REINS ACCEPTED GROSS PREMIUM RETROCESSION NET PREMIUM REINSURANCE COMPANY '000 '000 '000 '000 '000 37 Continental Reinsurance Plc 995,698 0 995,698 0 995,698 38 Nigeria Reinsurance Corporation 102,516 0 102,516 0 102,516 TOTAL 1,098,214 1,098,214 1,098,214

058 Nigeria Insurance Digest 2017 '000 81,747 114,113 42,104 60,616 98,135 GROSS 171,787 117,760 58,906 147,312 415,714 112,637 190,414 116,299 180,130 522,175 228,731 341,482 261,224 152,498 477,602 488,123 156,320 380,051 277,846 460,487 345,270 206,278 207,506 342,388 453,580 1,459,975 PREMIUM 2013 COMPANY Leadway Assurance Co. Ltd. Mansard Insurance Plc Unitrust Insurance Co. Ltd. UnityKapital Assurance Plc Nigerian Agricultural Ins. Corporation Anchor Insurance Company Ltd. Regency Alliance Insurance Plc Zenith Insurance Company Ltd. Law Union & Rock Ins. Plc Custodian & Allied Insurance Plc Standard Alliance Insurance Plc Industrial & General Insurance Plc Equity Assurance Plc Trust Insurance Plc Sovereign Royal Exchange Gen. Ins. Co. Ltd. NSIA Insurance Company Limited Insurance Plc STACO Linkage Assurance Plc Linkage Goldlink Insurance Plc Consolidated Hallmark Insurance Plc Union Assurance Co. Ltd. Fin Insurance Company Ltd. Prestige Assurance Plc Alliance & General Insurance Co. Ltd Sterling Assurance Nigeria Ltd. NICON Insurance Plc KBL Insurance Ltd. Wapic Insurance Plc OASIS Insurance Plc Great Nigeria Insurance Plc Old Mutual Insurance Co. Ltd. 1 7 4 9 6 2 8 5 3 11 17 14 19 16 12 21 10 18 15 13 31 27 24 34 29 26 22 20 28 25 23 32 30 33 RANK '000 16,003 181,196 38,798 86,666 52,430 GROSS 214,716 117,095 141,008 196,981 134,521 771,988 174,339 130,347 578,195 287,797 134,406 341,888 130,535 536,447 407,256 267,504 662,440 224,004 299,692 465,334 259,243 364,390 366,206 506,923 1,060,819 1,276,975 1,836,534 PREMIUM 2014 COMPANY Leadway Assurance Co. Ltd. AXA Mansard Insurance Plc Royal Exchange Gen. Ins. Co. Ltd. Nigerian Agricultural Ins. Corporation Standard Alliance Insurance Plc Zenith Insurance Company Ltd. Regency Alliance Insurance Plc Industrial & General Insurance Plc Unitrust Insurance Co. Ltd. Custodian & Allied Insurance Plc Law Union & Rock Ins. Plc Anchor Insurance Company Ltd. Wapic Insurance Plc UnityKapital Assurance Plc Equity Assurance Plc Trust Insurance Plc Sovereign Assurance Plc Linkage STACO Insurance Plc STACO NSIA Insurance Company Limited LASACO Assurance Plc Ensure Insurance Plc Prestige Assurance Plc Alliance & General Insurance Co. Ltd KBL Insurance Ltd. Consolidated Hallmark Insurance Plc Goldlink Insurance Plc Old Mutual Insurance Co. Ltd. Sterling Assurance Nigeria Ltd. Fin Insurance Company Ltd. OASIS Insurance Plc NICON Insurance Plc Great Nigeria Insurance Plc 1 7 4 9 6 2 8 5 3 11 17 14 19 16 21 12 10 18 15 31 13 27 24 34 29 26 22 20 28 25 23 32 30 33 RANK '000 1,420 7,397 4,484 5,549 6,862 3,050 11,580 30,147 61,437 19,640 40,816 91,834 81,508 53,321 52,347 72,896 26,484 GROSS 63,684 20,285 28,893 63,923 112,057 717,068 689,214 106,224 490,982 332,586 PREMIUM 2015 COMPANY Fin Insurance Company Ltd. NSIA Insurance Company Limited Mutual Benefits Assurance Plc Sterling Assurance Nigeria Ltd. Royal Exchange Gen. Ins. Co. Ltd. Consolidated Hallmark Insurance Plc Unitrust Insurance Co. Ltd. KBL Insurance Ltd. FBN General Insurance Limited AXA Mansard Insurance Plc UnityKapital Assurance Plc Custodian & Allied Insurance Plc Alliance & General Insurance Co. Ltd Leadway Assurance Co. Ltd. Nigerian Agricultural Ins. Corporation Zenith Insurance Company Ltd. Anchor Insurance Company Ltd. Prestige Assurance Plc Equity Assurance Plc Regency Alliance Insurance Plc NICON Insurance Plc Old Mutual Insurance Co. Ltd. Standard Alliance Insurance Plc LASACO Assurance Plc Goldlink Insurance Plc Law Union & Rock Ins. Plc Insurance Plc STACO 1 7 4 9 6 2 8 5 3 11 17 14 19 16 12 21 10 18 15 13 31 27 24 34 29 26 22 20 28 25 23 32 30 33 RANK _ _ _ _ 490 300 '000 1,467 1,420 1,069 5,728 6,990 72,161 21,193 61,437 61,657 31,468 13,298 81,508 45,672 28,754 25,437 68,404 20,482 24,065 23,929 714,051 GROSS 114,433 197,803 129,962 108,400 530,762 224,898 1,180,957 1,616,643 PREMIUM 2016 COMPANY Sovereign Trust Insurance Plc Sovereign Law Union & Rock Ins. Plc Fin Insurance Company Ltd. FBN General Insurance Limited AXA Mansard Insurance Plc Regency Alliance Insurance Plc Custodian & Allied Insurance Plc KBL Insurance Ltd. Alliance & General Insurance Co. Ltd Great Nigeria Insurance Plc UnityKapital Assurance Plc Wapic Insurance Plc Ensure Insurance Plc Industrial & General Insurance Plc Assurance Plc Linkage Nigerian Agricultural Ins. Corporation Royal Exchange Gen. Ins. Co. Ltd. Leadway Assurance Co. Ltd. Zenith Insurance Company Ltd. Prestige Assurance Plc Anchor Insurance Company Ltd. LASACO Assurance Plc Equity Assurance Plc Universal Insurance Plc NICON Insurance Plc Sterling Assurance Nigeria Ltd. Old Mutual Insurance Co. Ltd. Standard Alliance Insurance Plc Goldlink Insurance Plc NSIA Insurance Company Limited Consolidated Hallmark Insurance Plc Saham Unitrust Insurance Co. Ltd. Mutual Benefits Assurance Plc Insurance Plc STACO 1 7 4 9 6 2 8 5 3 11 17 14 19 16 12 21 10 18 15 13 31 27 24 34 29 26 22 20 28 25 32 23 30 33 RANK 0 0 0 0 0 0 0 000 879 N/A N/A N/A 6,521 2,182 3,747 2,310 8,429 4,222 5,232 5,025 16,919 Member Companies Ranked In Order Of Gross Premium Income Premium Of Gross In Order Member Companies Ranked From Their Miscellaneous Insurance Business (2013-2017) Their Miscellaneous Insurance From 46,401 64,149 41,037 43,519 70,374 99,262 34,862 34,695 22,000 23,263 INCOME 107,162 141,580 203,110 523,341 588,153 289,355 1,396,213 3,783,942 GROSS PREMIUM 2017 Total COMPANY TAKAFUL Insurance Plc Takaful Jaiz TOTAL Anchor Insurance Company Ltd. AXA Mansard Insurance Plc Alliance & General Insurance Co. Ltd Wapic Insurance Plc Zenith Insurance Company Ltd. Sterling Assurance Nigeria Ltd. Standard Alliance Insurance Plc Sunu Assurances Nig. Plc Saham Unitrust Insurance Nig. Ltd. Insurance Plc STACO Trust Insurance Plc Sovereign Consolidated Hallmark Insurance Plc Old Mutual Gen. Ins. Co. Nig. Ltd. Custodian & Allied Insurance Ltd. Great Nigeria Insurance Plc Goldlink Insurance Plc Universal Insurance Plc Veritas Kapital Assurance Plc Leadway Assurance Co. Ltd. LASACO Assurance Plc Law Union & Rock Ins. Plc Linkage Assurance Plc NAME OF COMPANY Nigerian Agricultural Ins. Corporation Prestige Assurance Plc NSIA Insurance Limited Mutual Benefits Assurance Plc FBN General Insurance Limited Fin Insurance Company Ltd. Regency Alliance Insurance Plc Royal Exchange Gen. Ins. Co. Ltd. KBL Insurance Ltd. NICON Insurance Plc Industrial & General Insurance Plc Insurance Plc Takaful Noor Ensure Insurance Plc 3 9 5 4 8 2 7 6 1 33 35 23 32 31 25 22 21 29 27 36 28 30 26 34 20 13 15 24 12 11 19 17 18 16 10 14 S/NO Nigeria Insurance Digest 2017 059

2017 Ratio Of Gross Claims Paid To Gross Premium Income Of Miscellaneous Business

GROSS PREMIUM GROSS CLAIMS INCOME PAID RATIO

S/NO NAME OF COMPANY ‘000 ‘000 1 Alliance & General Insurance Co. Ltd N/A N/A N/A 2 Anchor Insurance Company Ltd. 99,262 163,277 1.64 3 AXA Mansard Insurance Plc 16,919 0 0.00

4 Consolidated Hallmark Insurance Plc 70,374 7,081 0.10 5 Custodian & Allied Insurance Ltd. 8,429 969 0.11 6 Ensure Insurance Plc 0 0 0 7 FBN General Insurance Limited 23,263 0 0.00 8 Fin Insurance Company Ltd. 5,232 6,095 1.16

9 Goldlink Insurance Plc N/A N/A N/A

10 Great Nigeria Insurance Plc 2,182 0 0.00

11 Industrial & General Insurance Plc N/A N/A N/A 12 KBL Insurance Ltd. 879 0 0.00 13 LASACO Assurance Plc 203,110 0 0.00 14 Law Union & Rock Ins. Plc 3,747 80,896 21.59 15 Leadway Assurance Co. Ltd. 588,153 179,113 0.30 16 Linkage Assurance Plc 0 0 0 17 Mutual Benefits Assurance Plc 43,519 0 0.00 18 NICON Insurance Plc 0 0 0 19 Nigerian Agricultural Ins. Corporation 1,396,213 650,881 0.47 20 NSIA Insurance Limited 46,401 8,689 0.19 21 Old Mutual Gen. Ins. Co. Nig. Ltd. 34,695 0 0.00 22 Prestige Assurance Plc 289,355 211,777 0.73 23 Regency Alliance Insurance Plc 5,025 1,342 0.27 24 Royal Exchange Gen. Ins. Co. Ltd. 4,222 -3,525 -0.83 25 Saham Unitrust Insurance Nig. Ltd. 22,000 0 0.00 26 Sovereign Trust Insurance Plc N/A N/A N/A 27 STACO Insurance Plc 41,037 21,427 0.52 28 Standard Alliance Insurance Plc 64,149 17,825 0.28 29 Sterling Assurance Nigeria Ltd. 107,162 75,439 0.70 30 Sunu Assurances Nig. Plc 34,862 8,145 0.23 31 Universal Insurance Plc 141,580 13,356 0.09

32 Veritas Kapital Assurance Plc 6,521 0 0.00

33 Wapic Insurance Plc 2,310 14,115 6.11

34 Zenith Insurance Company Ltd. 523,341 47,007 0.09

TOTAL 3,783,942 1,503,909 0.40

TAKAFUL COMPANY

35 Jaiz Takaful Insurance Plc 0 0 0

36 Noor Takaful Insurance Plc 0 0 0

TOTAL 0 0 0 REINSURANCE COMPANY

37 Continental Reinsurance Plc 995,698 298,309 0.30 38 Nigeria Reinsurance Corporation 102,516 23,325 0.23

TOTAL 1,098,214 312,634 0.29 060 Nigeria Insurance Digest 2017

Growth Of Miscellaneous Insurance Premium 2007 - 2016

YEAR PREMIUM '000 2008 9,136,857 2009 8,982,019 2010 8,952,187 2011 10,930,711 2012 8,599,721 2013 9,269,958 2014 12,262,676

2015 6,666,029

2016 5,414,838

2017 3,783,942 CAGR -8.4%

MISCELLANEOUS (Billions of Naira)

8.4% CAGR 12,262,676

10,930,711

9,269,958 9,136,857 8,982,019 8,952,187 8,599,721

6,666,029

5,414,838

Gross Premium ‘000 Premium Gross 3,783,942

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YEARS

Reinsurance Transactions In Miscellaneous Business 2013-2017 The table below shows the reinsurance transactions in Miscellaneous insurance business over a period of five years, reflecting the Gross Premium, reinsurance accepted by way of facultative arrangement from other companies and businesses ceded to reinsurance companies

Ratio of Reinsurance Ratio of Gross Reinsurance Reinsurance Accepted to Reinsurance Reinsurance Miscellaneous Premium '000 Accepted '000 Ceddd '000 G.P.I Ceded to G.P.I Ratio

2013 9,269,958 358,092 3,397,992 0.04 0.37 0.41 2014 12,262,676 146,254 4,218,102 0.01 0.34 0.35 2015 6,666,029 4,863 871,697 0.00 0.13 0.13 2016 5,414,838 31,196 1,163,983 0.01 0.21 0.22 2017 3,783,942 19,740 801,192 0.01 0.21 0.22

Total 37,397,443 560,145 10,452,966 0.01 0.28 0.29 Nigeria Insurance Digest 2017 061

Composition Of Non Life Insurance Premium 2017

PRODUCT LINE GROSS PREMIUM

`000 MOTOR 39,295,066 FIRE 35,375,581 GENERAL ACCIDENT 29,740,024 MARINE & AVIATION 22,102,099 WORKMEN`S COMPENSATION 196,193 MISCELLANEOUS 3,783,942 OIL & GAS 63,917,150 ENGINEERING 8,945,554 TOTAL 203,346,389

COMPOSITION OF NON LIFE PREMIUM ‘000

ENGINEERING 4% MOTOR 19% OIL & GAS 32%

FIRE MISCELLANEOUS 17% 2%

WORKMEN’S COMPENSATION 0% MARINE & AVIATION 11%

GENERAL ACCIDENT 15% 062 Nigeria Insurance Digest 2017

Premium Income, Net Claims, Management Expenses, Total Investment And Investment Income Of Non-life Insurance Companies 2017

GROSS INVESTMENT PREMIUM INCOME S/NO '000 '000 1 AIICO Insurance Plc. 2 N/A N/A N/A N/A N/A N/A 3 4 5 6 7 8 9 10 11 N/A N/A N/A N/A N/A N/A 12 13 14 N/A N/A N/A N/A N/A N/A 15 N/A N/A N/A N/A N/A N/A 16 N/A N/A N/A N/A N/A N/A 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Saham Unitrust Insurance Nig. Ltd. 33 34 35 36 37 Sunu Assurances Nig. Plc 38 39 Veritas Kapital Assurance Plc 40 41

42 43

44 45 MOTOR FIRE GEN. ACCIDENT M & A WC OIL AND GAS ENGINEERING MISC. TOTAL INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE GROSS CLAIMS BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS PAID S/NO NAME OF COMPANY '000 '000 '000 '000 '000 '000 ‘000 '000 ‘000

1 AIICO Insurance Plc. 891,616 1,097,519 815,293 826,168 59,145 161,754 0 0 3,851,495 2 Alliance & General Insurance Co. Ltd N/A N/A N/A N/A N/A N/A N/A N/A N/A 3 Anchor Insurance Company Ltd. 107,124 55,816 53,689 13,594 0 103,432 22,652 163,277 519,584 4 AXA Mansard Insurance Plc 2,222,598 3,874,710 558,764 393,633 0 1,298,999 316,220 0 8,664,924 5 Consolidated Hallmark Insurance Plc 616,244 834,439 363,927 363,569 0 136,110 48,802 7,081 2,370,172 6 Cornerstone Insurance Plc 1,632,736 657,374 535,965 304,876 0 276,259 0 0 3,407,210 7 Custodian & Allied Insurance Ltd. 1,200,274 1,709,337 317,254 282,819 0 44,176 93,844 969 3,648,673 8 Ensure Insurance Plc 233,008 187,740 156,786 121,901 0 121,249 65,428 0 886,112 9 FBN General Insurance Limited 243,235 128,939 78,956 314,594 0 80,300 15435 0 861,459 10 Fin Insurance Company Ltd. 45,985 24,919 23,356 6,484 0 110,782 407 6,095 218,028 Gross ClaimsPaidNon-lifeInsurance Business 2017 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 99,665 67,601 59,844 114,282 7,030 9,166 11,078 0 368,666 13 Guinea Insurance Plc 42,859 38,764 74,759 5,130 0 0 0 0 161,512 14 Industrial & General Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 15 International Energy ins. Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 17 KBL Insurance Ltd. 269,037 19,851 133,901 20,415 0 0 7,768 0 450,972 18 LASACO Assurance Plc 82,945 159,370 585,293 11,478 0 181,554 15,105 0 1,035,745 19 Law Union & Rock Ins. Plc 427,371 363,274 183,704 97,442 0 115,989 82,270 80,896 1,350,946 20 Leadway Assurance co. Ltd. 1,983,173 1,942,583 347,378 497,132 0 4,094,820 247,494 179,113 9,291,693 21 Linkage Assurance Plc 313,316 509,465 149,255 37,865 0 411,621 130,656 0 1,552,178 22 Mutual Benefits Assurance Plc 755,021 223,283 436,623 315,070 0 308,844 0 0 2,038,841 23 NEM Insurance Plc 1,966,764 1,871,216 922,638 205,549 0 162,117 0 0 5,128,284 24 NICON Insurance Plc 7,530 8,665 14,117 0 0 0 326 0 30,638 25 Niger insurance Plc 64,546 46,628 182,893 862 0 0 0 0 294,929 26 Nigerian Agricultural ins. Corporation -4,278 -3,430 47,677 167 0 0 0 650,881 691,017 27 NSIA Insurance Limited 265,292 1,641,490 112,082 152,603 0 188,855 30,371 8,689 2,399,382 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 190,976 558,585 149,222 96,042 0 114,860 19,070 0 1,128,755 29 Prestige Assurance Plc 184,507 418,066 199,799 180,124 22,173 85,037 31,922 211,777 1,333,405 30 Regency Alliance Insurance Plc 153,254 52,682 185,082 12,576 0 295,893 8,790 1,342 709,619 31 Royal Exchange Gen. Ins. Co. Ltd. 461,218 1,683,835 71,863 121,911 0 377,463 83,985 -3,525 2,796,750 271,412 312,643 162,361 24,176 129,822 0 996,078 32 Saham Unitrust Insurance Nig. Ltd. 0 95,664 Nigeria Insurance Digest2017 33 Sovereign Trust Insurance Plc 534,608 644,407 206,324 126,429 0 436,952 42,041 0 1,990,761 34 STACO Insurance Plc 427,737 687,451 211,862 610,231 0 300,781 73,227 21,427 2,332,716 35 Standard Alliance Insurance Plc 70 117,947 32,126 142,074 0 153,341 220,039 17,825 683,422 36 Sterling Assurance Nigeria Ltd. 255,342 253,066 321,081 38,302 0 229,854 9,301 75,439 1,182,385 37 Sunu Assurances Nig. Plc 185,173 239,444 131,670 218,030 0 32,036 6,550 8,145 821,048 38 Universal Insurance Plc 26,789 35,535 113,210 5,955 0 0 131 13,356 194,976 39 Veritas Kapital Assurance Plc 73,778 118,227 34,258 17,539 0 227,755 67,842 0 539,399 40 Wapic Insurance Plc 713,131 140,096 366,241 90,120 0 277,629 36,905 14,115 1,638,237 41 Zenith General Insurance Co. Ltd. 709,834 3,155,572 316,038 212,684 0 461,913 44,025 47,007 4,947,073 TOTAL 17,653,890 23,877,109 8,655,291 5,981,826 88,348 10,929,363 1,827,348 1,503,909 70,517,084 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 1,943 290 0 0 0 0 0 2,233 43 Noor Takaful Insurance Plc 3,087 209 0 0 0 0 0 0 3,296 TOTAL 5,030 499 0 0 0 0 0 0 5,529 REINSURANCE COMPANY 063 44 Continental Reinsurance Plc 0 5,346,081 636,193 615,111 0 1,930,802 0 298,309 8,826,496 45 Nigeria Reinsurance Corporation 12,646 267,363 56,905 26,480 0 1,005 0 23,325 387,724 TOTAL 12,646 5,613,444 693,098 641,591 _ 1,931,807 _ 321,634 9,214,220 064 Nigeria Insurance Digest 2017

Ratio Of Gross Claims Paid To Gross Premium Income Of Non Life Member Companies 2017

GROSS PREMIUM GROSS CLAIMS S/NO NAME OF COMPANY INCOME PAID RATIO ‘000 ‘000 1 AIICO Insurance Plc. 8,729,238 3,851,495 0.44 2 Alliance & General Insurance Plc N/A N/A N/A 3 Anchor Insurance Company Ltd. 2,221,838 519,584 0.23 4 AXA Mansard Insurance Plc 17,025,072 8,664,924 0.51 5 Consolidated Hallmark Insurance Plc 5,680,553 2,370,172 0.42 6 Cornerstone Insurance Plc 6,091,662 3,407,210 0.56 7 Custodian & Allied Insurance Ltd. 20,064,233 3,648,673 0.18 8 Ensure Insurance Plc 4,554,345 886,112 0.19 9 FBN General Insurance Limited 3,516,548 861,459 0.24 10 Fin Insurance Company Ltd. 1,300,624 218,028 0.17 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 1,055,156 368,666 0.35 13 Guinea Insurance Plc 967,145 161,512 0.17 14 Industrial & General Insurance Plc N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A 17 KBL Insurance Ltd. 1,971,291 450,972 0.23 18 LASACO Assurance Plc 4,407,590 1,035,745 0.23 19 Law Union & Rock Ins. Plc 4,252,373 1,350,946 0.32 20 Leadway Assurance co. Ltd. 22,901,059 9,291,693 0.41 21 Linkage Assurance Plc 4,102,253 1,552,178 0.38 22 Mutual Benefits Assurance Plc 7,298,974 2,038,841 0.28 23 NEM Insurance Plc 13,416,270 5,128,284 0.38 24 NICON Insurance Plc 624,315 30,638 0.05 25 Niger insurance Plc 1,716,232 294,929 0.17 26 Nigerian Agricultural Ins. Corporation 1,562,027 691,017 0.44 27 NSIA Insurance Limited 4,682,405 2,399,382 0.51 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 3,701,677 1,128,755 0.30 29 Prestige Assurance Plc 3,808,516 1,333,405 0.35 30 Regency Alliance Insurance Plc 3,367,726 709,619 0.21 31 Royal Exchange Gen. Ins. Co. Ltd. 9,698,433 2,796,750 0.29 32 Saham Unitrust Insurance Nig. Ltd. 2,486,736 996,078 0.40 33 Sovereign Trust Insurance Plc 8,513,503 1,990,761 0.23 34 STACO Insurance Plc 5,224,762 2,332,716 0.45 35 Standard Alliance Insurance Plc 2,861,496 683,422 0.24 36 Sterling Assurance Nigeria Ltd. 3,009,865 1,182,385 0.39 37 Sunu Assurances Nig. Plc 2,672,770 821,048 0.31 38 Universal Insurance Plc 753,067 194,976 0.26 39 Veritas Kapital Assurance Plc 2,320,768 539,399 0.23 40 Wapic Insurance Plc 6,388,067 1,638,237 0.26 41 Zenith General Insurance Co. Ltd. 10,152,454 4,947,073 0.49 TOTAL 203,101,043 70,517,084 0.35 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 104,549 2,233 0.02 43 Noor Takaful Insurance Plc 140,797 3,296 0.02 TOTAL 245,346 5,529 0.02 REINSURANCE COMPANY 44 Continental Reinsurance Plc 17,295,784 8,826,497 0.51 45 Nigeria Reinsurance Corporation 742,966 387,724 0.52 TOTAL 18,038,750 9,214,221 0.51 Nigeria Insurance Digest 2017 065

Ratio Of Net Claims Paid To Net Premium Income Of Non Life Member Companies 2017

NET PREMIUM NET CLAIMS S/NO NAME OF COMPANY INCOME PAID RATIO ‘000 ‘000 1 AIICO Insurance Plc. 5,381,915 1,805,888 0.34 2 Alliance & General Insurance Plc N/A N/A N/A 3 Anchor Insurance Company Ltd. 1,895,682 477,107 0.25 4 AXA Mansard Insurance Plc 6,529,086 3,161,879 0.48 5 Consolidated Hallmark Insurance Plc 3,786,121 1,422,944 0.38 6 Cornerstone Insurance Plc 3,637,019 2,198,189 0.60 7 Custodian & Allied Insurance Ltd. 7,748,826 2,145,213 0.28 8 Ensure Insurance Plc 1,704,563 637,926 0.37 9 FBN General Insurance Limited 2,236,577 407,124 0.18 10 Fin Insurance Company Ltd. 682,118 192,121 0.28 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 627,964 128,820 0.21 13 Guinea Insurance Plc 693,774 70,928 0.10 14 Industrial & General Insurance Plc N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A 17 KBL Insurance Ltd. 1,439,707 272,699 0.19 18 LASACO Assurance Plc 2,324,773 536,716 0.23 19 Law Union & Rock Ins. Plc 2,494,999 731,629 0.29 20 Leadway Assurance co. Ltd. 9,339,532 5,179,372 0.55 21 Linkage Assurance Plc 2,756,505 1,393,140 0.51 22 Mutual Benefits Assurance Plc 6,252,687 1,738,107 0.28 23 NEM Insurance Plc 10,186,442 2,398,883 0.24 24 NICON Insurance Plc 614,315 30,638 0.05 25 Niger Insurance Plc 1,470,467 165,585 0.11 26 Nigerian Agricultural Ins. Corporation 1,346,675 622,890 0.46 27 NSIA Insurance Limited 1,849,563 500,746 0.27 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 1,036,299 588,324 0.57 29 Prestige Assurance Plc 1,690,281 431,662 0.26 30 Regency Alliance Insurance Plc 2,251,852 629,357 0.28 31 Royal Exchange Gen. Ins. Co. Ltd. 4,308,610 1,347,490 0.31 32 Saham Unitrust Insurance Nig. Ltd. 1,043,208 552,308 0.53 33 Sovereign Trust Insurance Plc 4,358,842 1,303,145 0.30 34 STACO Insurance Plc 3,767,254 2,115,020 0.56 35 Standard Alliance Insurance Plc 2,380,250 609,018 0.26 36 Sterling Assurance Nigeria Ltd. 2,450,134 851,036 0.35 37 Sunu Assurances Nig. Plc 1,976,062 457,269 0.23 38 Universal Insurance Plc 597,602 171,109 0.29 39 Veritas Kapital Assurance Plc 1,738,992 476,954 0.27 40 Wapic Insurance Plc 3,819,974 1,430,102 0.37 41 Zenith General Insurance Co.Ltd. 5,436,487 2,003,567 0.37 TOTAL 111,855,157 39,184,905 0.35 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 75,949 1,800 0.02 43 Noor Takaful Insurance Plc 106,600 3,296 0.03 TOTAL 182,549 5,096 0.03 REINSURANCE COMPANY 44 Continental Reinsurance Plc 15,819,477 5,729,835 0.36 45 Nigeria Reinsurance Corporation 694,519 387,724 0.56 TOTAL 16,513,996 6,117,559 0.37

Nigeria Insurance Digest 2017 067

Ratio Of Management Expenses To Gross Premium Income Of Non Life Member Companies 2017

GROSS PREMIUM MANAGEMENT S/NO NAME OF COMPANY INCOME EXPENSES ‘000 ‘000 RATIO 1 AIICO Insurance Plc. 8,729,238 2,896,572 0.33 2 Alliance & General Insurance Plc N/A N/A N/A 3 Anchor Insurance Company Ltd. 2,221,838 1,100,898 0.50 4 AXA Mansard Insurance Plc 17,025,072 3,552,170 0.21 5 Consolidated Hallmark Insurance Plc 5,680,553 1,418,513 0.25 6 Cornerstone Insurance Plc 6,091,662 2,497,542 0.41 7 Custodian & Allied Insurance Ltd. 20,064,233 2,603,522 0.13 8 Ensure Insurance Plc 4,554,345 1,683,892 0.37 9 FBN General Insurance Limited 3,516,548 1,226,480 0.35 10 Fin Insurance Company Ltd. 1,300,624 708,352 0.54 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 1,055,156 884,738 0.84 13 Guinea Insurance Plc 967,145 674,731 0.70 14 Industrial & General Insurance Plc N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A 17 KBL Insurance Ltd. 1,971,291 629,421 0.32 18 LASACO Assurance Plc 4,407,590 1,270,441 0.29 19 Law Union & Rock Ins. Plc 4,252,373 1,263,466 0.30 20 Leadway Assurance co. Ltd. 22,901,059 3,220,116 0.14 21 Linkage Assurance Plc 4,102,253 1,609,334 0.39 22 Mutual Benefits Assurance Plc 7,298,974 2,777,629 0.38 23 NEM Insurance Plc 13,416,270 2,960,221 0.22 24 NICON Insurance Plc 624,315 1,029,325 1.65 25 Niger Insurance Plc 1,716,232 1,092,097 0.64 26 Nigerian Agricultural Ins. Corporation 1,562,027 1,050,097 0.67 27 NSIA Insurance Limited 4,682,405 2,158,525 0.46 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 3,701,677 1,410,034 0.38 29 Prestige Assurance Plc 3,808,516 683,933 0.18 30 Regency Alliance Insurance Plc 3,367,726 960,691 0.29 31 Royal Exchange Gen. Ins. Co. Ltd. 9,698,433 1,624,775 0.17 32 Saham Unitrust Insurance Nig. Ltd. 2,486,736 535,291 0.22 33 Sovereign Trust Insurance Plc 8,513,503 1,531,911 0.18 34 STACO Insurance Plc 5,224,762 3,096,792 0.59 35 Standard Alliance Insurance Plc 2,861,496 1,387,005 0.48 36 Sterling Assurance Nigeria Ltd. 3,009,865 1,290,427 0.43 37 Sunu Assurances Nig. Plc 2,672,770 1,280,410 0.48 38 Universal Insurance Plc 753,067 683,320 0.91 39 Veritas Kapital Assurance Plc 2,320,768 1,167,141 0.50 40 Wapic Insurance Plc 6,388,067 3,182,585 0.50 41 Zenith General Insurance Co. Ltd. 10,152,454 2,666,537 0.26 TOTAL 203,101,043 59,808,934 0.29 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 104,549 248 0.00 43 Noor Takaful Insurance Plc 140,797 0 0.00 TOTAL 245,346 248 0.00 REINSURANCE COMPANY 44 Continental Reinsurance Plc 17,295,784 1,917,783 0.11 45 Nigeria Reinsurance Corporation 742,966 373,155 0.50 TOTAL 18,038,750 2,290,938 0.13 068 Nigeria Insurance Digest 2017

Ratio Of Commission To Gross Premium Income Non-life Member Companies 2017

GROSS PREMIUM COMMISSION S/NO NAME OF COMPANY INCOME PAID ‘000 ‘000 RATIO 1 AIICO Insurance Plc. 8,729,238 1,001,088 0.11 2 Alliance & General Insurance Plc N/A N/A N/A 3 Anchor Insurance Company Ltd. 2,221,838 241,737 0.11 4 AXA Mansard Insurance Plc 17,025,072 2,215,258 0.13 5 Consolidated Hallmark Insurance Plc 5,680,553 39,054 0.01 6 Cornerstone Insurance Plc 6,091,662 687,688 0.11 7 Custodian & Allied Insurance Ltd. 20,064,233 1,778,609 0.09 8 Ensure Insurance Plc 4,554,345 460,154 0.10 9 FBN General Insurance Limited 3,516,548 636,549 0.18 10 Fin Insurance Company Ltd. 1,300,624 237,535 0.18 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 1,055,156 150,301 0.14 13 Guinea Insurance Plc 967,145 154,226 0.16 14 Industrial & General Insurance Plc N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A 17 KBL Insurance Ltd. 1,971,291 298,948 0.15 18 LASACO Assurance Plc 4,407,590 403,497 0.09 19 Law Union & Rock Ins. Plc 4,252,373 624,687 0.15 20 Leadway Assurance co. Ltd. 22,901,059 1,617,541 0.07 21 Linkage Assurance Plc 4,102,253 799,297 0.19 22 Mutual Benefits Assurance Plc 7,298,974 1,042,574 0.14 23 NEM Insurance Plc 13,416,270 2,565,119 0.19 24 NICON Insurance Plc 624,315 71,521 0.11 25 Niger Insurance Plc 1,716,232 351,492 0.20 26 Nigerian Agricultural Ins. Corporation 1,562,027 105,149 0.07 27 NSIA Insurance Limited 4,682,405 579,517 0.12 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 3,701,677 628,792 0.17 29 Prestige Assurance Plc 3,808,516 483,596 0.13 30 Regency Alliance Insurance Plc 3,367,726 371,828 0.11 31 Royal Exchange Gen. Ins. Co. Ltd. 9,698,433 705,995 0.07 32 Saham Unitrust Insurance Nig. Ltd. 2,486,736 394,332 0.16 33 Sovereign Trust Insurance Plc 8,513,503 1,148,514 0.13 34 STACO Insurance Plc 5,224,762 0 0.00 35 Standard Alliance Insurance Plc 2,861,496 321,962 0.11 36 Sterling Assurances Nigeria Ltd. 3,009,865 148,626 0.05 37 Sunu Assurance Nig. Plc 2,672,770 540,251 0.20 38 Universal Insurance Plc 753,067 97,438 0.13 39 Veritas Kapital Assurance Plc 2,320,768 153,005 0.07 40 Wapic Insurance Plc 6,388,067 1,476,844 0.23 41 Zenith General Insurance Co. Ltd. 10,152,454 1,180,808 0.12 TOTAL 203,101,043 23,713,532 0.12 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 104,549 11,210 0.11 43 Noor Takaful Insurance Plc 140,797 0 0.00 TOTAL 245,346 11,210 0.05 REINSURANCE COMPANY 44 Continental Reinsurance Plc 17,295,784 661,527 0.04 45 Nigeria Reinsurance Corporation 742,966 219,284 0.30 TOTAL 18,038,750 880,811 0.05 Nigeria Insurance Digest 2017 069

Ratio Of Investment Income To Total Investment Of Non-Life Member Companies 2017

TOTAL INVESTMENT S/NO NAME OF COMPANY INVESTMENT INCOME ‘000 ‘000 RATIO 1 AIICO Insurance Plc. 9,566,300 1,102,241 0.12 2 Alliance & General Insurance Plc N/A N/A N/A 3 Anchor Insurance Company Ltd. 2,862,437 229,406 0.08 4 AXA Mansard Insurance Plc 23,179,069 2,074,278 0.09 5 Consolidated Hallmark Insurance Plc 5,918,410 672,917 0.11 6 Cornerstone Insurance Plc 9,706,193 268,861 0.03 7 Custodian & Allied Insurance Ltd. 22,713,926 1,968,413 0.09 8 Ensure Insurance Plc 8,826,989 170,141 0.02 9 FBN General Insurance Limited 4,558,351 682,607 0.15 10 Fin Insurance Company Ltd. 4,430,043 398,155 0.09 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 3,202,836 243,011 0.08 13 Guinea Insurance Plc 3,053,201 208,316 0.07 14 Industrial & General Insurance Plc N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A 17 KBL Insurance Ltd. 4,318,941 273,489 0.06 18 LASACO Assurance Plc 12,493,268 400,619 0.03 19 Law Union & Rock Ins. Plc 7,543,422 912,504 0.12 20 Leadway Assurance co. Ltd. 53,282,901 2,640,282 0.05 21 Linkage Assurance Plc 20,637,830 3,237,795 0.16 22 Mutual Benefits Assurance Plc 12,528,879 896,167 0.07 23 NEM Insurance Plc 10,453,816 709,944 0.07 24 NICON Insurance Plc 1,797,337 50,346 0.03 25 Niger Insurance Plc 4,079,549 119,660 0.03 26 Nigerian Agricultural Ins. Corporation 8,044,353 560,585 0.07 27 NSIA Insurance Limited 6,522,522 994,255 0.15 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 6,336,908 745,051 0.12 29 Prestige Assurance Plc 8,056,611 830,939 0.10 30 Regency Alliance Insurance Plc 4,475,209 330,264 0.07 31 Royal Exchange Gen. Ins. Co. Ltd. 17,255,993 586,688 0.03 32 Saham Unitrust Insurance Nig. Ltd. 7,424,179 985,446 0.13 33 Sovereign Trust Insurance Plc 5,658,772 326,676 0.06 34 STACO Insurance Plc 3,316,596 182,463 0.06 35 Standard Alliance Insurance Plc 1,876,358 250,434 0.13 36 Sterling Assurance Nigeria Ltd. 3,514,047 296,848 0.08 37 Sunu Assurances Nig. Plc 4,520,920 449,970 0.10 38 Universal Insurance Plc 7,430,804 128,029 0.02 39 Veritas Kapital Assurance Plc 6,305,724 515,504 0.08 40 Wapic Insurance Plc 14,517,083 621,263 0.04 41 Zenith General Insurance Co.Ltd. 27,715,607 4,066,281 0.15 TOTAL 358,125,384 29,129,848 0.08 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 52,436 1,231 0.08 43 Noor Takaful Insurance Plc 74,990 1,032 0.01 TOTAL 127,426 2,263 0.02 REINSURANCE COMPANY 44 Continental Reinsurance Plc 20,404,639 -11,617 0.00 45 Nigeria Reinsurance Corporation 15,106,228 352,774 0.02 TOTAL 35,510,867 341,157 0.01 070 Nigeria Insurance Digest 2017

Gross Premium Income Of Non-life Member Companies (2008-2017)

Gross premium income for this purpose include Takaful and insurance business written by the company itself, or co- insured with other companies or sold through agents and brokers and do not include reinsurance accepted locally and abroad. The table below shows the trend in gross premium income receipt in direct business over a period of ten years, 2008 - 2017 A comparison of 2016 and 2017 shows a slight decrease in Gross Premium Income of Motor, General Accident, Workmen's Compensation and Miscellaneous Insurance while other classes recorded an appreciable growth. The total Gross Premium Income increase from N189.28billion in 2016 to N203.35billion in 2017, an increase of 7.43%.

2008-2017 GROSS PREMIUM INCOME

MARINE & YEAR MOTOR FIRE GENERAL AVIATION WORKMEN`S MISCELLANEOUS OIL & GAS ENGINEERING TOTAL ACCIDENT COMPENSATION `000 `000 `000 `000 `000 `000 `000 000 `000

2008 38,118,374 15,618,399 22,535,583 17,231,092 719,870 9,136,857 17,402,586 _ 120,931,883 2009 45,215,143 16,536,188 23,919,005 16,727,575 1,703,567 8,982,019 31,577,402 _ 144,660,899

2010 42,039,418 19,293,160 28,591,643 20,097,368 903,247 8,952,187 26,095,218 _ 145,969,093 2011 44,652,858 19,863,584 29,593,631 23,400,508 630,823 10,930,711 34,121,742 _ 163,193,857 2012 44,813,708 21,788,018 29,746,702 20,967,940 502,604 8,599,721 55,754,181 _ 182,172,874

2013 39,849,449 24,451,478 27,984,199 18,685,531 365,976 9,269,958 66,813,748 _ 187,419,363 2014 42,905,736 26,170,263 29,772,790 20,715,083 270,049 12,262,676 52,870,899 _ 184,967,767 2015 39,840,893 27,359,389 30,571,785 19,527,646 205,441 6,666,029 51,120,210 3,195,688 178,487,081 2016 40,393,972 30,773,302 30,705,760 19,596,357 233,275 5,414,838 54,130,277 8,074,553 189,279,623 2017 39,295,066 35,375,581 29,740,024 22,102,099 196,193 3,783,942 63,917,150 8,945,554 203,346,389 Nigeria Insurance Digest 2017 071

Member Companies Ranked In Order Of Premium From Their Direct Non - Life Insurance Business (2017)

GROSS PREMIUM MARKET SHARE S/N COMPANY '000 % 1 Leadway Assurance co. Ltd. 22,901,059 11.28 2 Custodian & Allied Insurance Ltd. 20,064,233 9.88 3 AXA Mansard Insurance Plc 17,025,072 8.38 4 NEM Insurance Plc 13,416,270 6.61 5 Zenith General Insurance Co.Ltd. 10,152,454 5.00 6 Royal Exchange Gen. Ins. Co. Ltd. 9,698,433 4.78 7 AIICO Insurance Plc. 8,729,238 4.30 8 Sovereign Trust Insurance Plc 8,513,503 4.19 9 Mutual Benefits Assurance Plc 7,298,974 3.59 10 Wapic Insurance Plc 6,388,067 3.15 11 Cornerstone Insurance Plc 6,091,662 3.00 12 Consolidated Hallmark Insurance Plc 5,680,553 2.80 13 STACO Insurance Plc 5,224,762 2.57 14 NSIA Insurance Limited 4,682,405 2.31 15 Ensure Insurance Plc 4,554,345 2.24 16 LASACO Assurance Plc 4,407,590 2.17 17 Law Union & Rock Ins. Plc 4,252,373 2.09 18 Linkage Assurance Plc 4,102,253 2.02 19 Prestige Assurance Plc 3,808,516 1.88 20 Old Mutual Gen. Ins. Co. Nig. Ltd. 3,701,677 1.82 21 FBN General Insurance Limited 3,516,548 1.73 22 Regency Alliance Insurance Plc 3,367,726 1.66 23 Sterling Assurance Nigeria Ltd. 3,009,865 1.48 24 Standard Alliance Insurance Plc 2,861,496 1.41 25 Sunu Assurances Nig. Plc 2,672,770 1.32 26 Saham Unitrust Insurance Nig. Ltd. 2,486,736 1.22 27 Veritas Kapital Assurance Plc 2,320,768 1.14

28 Anchor Insurance Company Ltd. 2,221,838 1.09

29 KBL Insurance Ltd. 1,971,291 0.97

30 Niger Insurance Plc 1,716,232 0.85 31 Nigerian Agricultural Ins. Corporation 1,562,027 0.77 32 Fin Insurance Company Ltd. 1,300,624 0.64 33 Great Nigeria Insurance Plc 1,055,156 0.52 34 Guinea Insurance Plc 967,145 0.48 35 Universal Insurance Plc 753,067 0.37 36 NICON Insurance Plc 624,315 0.31

37 Industrial & General Insurance Plc 0 0.00 38 International Energy Ins. Plc 0 0.00 39 Goldlink Insurance Plc 0 0.00 40 Alliance & General Insurance Plc 0 0.00 41 Investment & Allied Ins. Plc 0 0.00 203,101,043 100 TAKAFUL COMPANY 42 Noor Takaful Insurance Plc 140,797 57.39 43 Jaiz Takaful Insurance Plc 104,549 42.61 TOTAL 245,346 100 072 Nigeria Insurance Digest 2017

Reinsurance Transactions In Non-life Business 2013 - 2017

2013

Ratio of Ratio of Gross Reinsurance Reinsurance Reinsurance Reinsurance Premium Accepted Ceded Accepted to Ceded to Class '000 ‘000 ‘000 G.P.I G.P.I

Motor 39,849,449 203,136 3,045,884 0.01 0.08 Fire 24,451,478 915,634 10,697,236 0.04 0.44 General Accident 27,984,199 1,599,135 6,433,451 0.06 0.23 Marine & Av iation 18,685,531 394,888 6,486,520 0.02 0.35 WC/Emp.Liability 365,976 1,852 113,764 0.01 0.31 Oil & Gas 66,813,748 1,419,546 33,477,921 0.02 0.50 Misscellaneous 9,269,958 356,092 3,397,992 0.04 0.37 Total 187,419,363 4,890,283 63,652,768 0.03 0.34

2014 Ratio of Ratio of Gross Reinsurance Reinsurance Reinsurance Reinsurance Premium Accepted Ceded Accepted to Ceded to Class '000 ‘000 ‘000 G.P.I G.P.I

Motor 42,905,736 188,789 2,494,676 0.00 0.06

Fire 26,170,263 468,355 12,511,668 0.02 0.48

General Accident 29,772,790 579,250 7,392,279 0.02 0.25

Marine & Av iation 20,715,083 362,252 7,652,409 0.02 0.37

WC/Emp.Liability 270,049 478 116,338 0.00 0.43 52,870,899 240,383 40,946,082 Oil & Gas 0.00 0.77 Misscellaneous 12,262,676 146,254 4,218,102 0.01 0.34 Total 184,967,767 1,985,761 75,331,554 0.01 0.41

2015 Ratio of Ratio of Gross Reinsurance Reinsurance Reinsurance Reinsurance Premium Accepted Ceded Accepted to Ceded to Class '000 ‘000 ‘000 G.P.I G.P.I

Motor 39,840,893 194,010 2,051,349 0.00 0.05 Fire 27,359,389 484,601 14,087,364 0.02 0.51

General Accident 30,571,785 509,831 7,089,782 0.02 0.23

Marine & Av iation 19,527,646 517,865 9,070,880 0.46 0.03 WC/Emp.Liability 205,441 1,270 75,235 0.01 0.37 Oil & Gas 51,120,210 167,387 39,062,691 0.00 0.76

Engineering 3,195,688 87,919 3,140,613 0.03 0.98 Misscellaneous 6,666,029 4,863 871,679 0.00 0.13 Total 178,487,081 1,967,746 75,449,593 0.01 0.42

2016 Ratio of Ratio of Gross Reinsurance Reinsurance Reinsurance Reinsurance Premium Accepted Ceded Accepted to Ceded to Class '000 ‘000 ‘000 G.P.I G.P.I

Motor 40,393,972 263,647 2,280,954 0.01 0.06 Fire 30,773,302 491,497 17,579,101 0.02 0.57

General Accident 30,705,760 358,201 8,662,389 0.01 0.28 Marine & Av iation 19,596,357 238,978 8,846,780 0.01 0.45

WC/Emp.Liability 233,275 770 54,346 0.00 0.23 Oil & Gas 54,130,277 544,030 38,222,065 0.01 0.71

Engineering 8,074,553 162,996 4,028,835 0.02 0.49

Misscellaneous 5,414,838 31,196 1,163,983 0.01 0.21

Total 189,279,623 2,091,315 80,838,453 0.01 0.43

2017

Gross Reinsurance Reinsurance Ratio of Ratio of Re- Premium Accepted Cedded Reinsurance Reinsurance Insurance Class '000 '000 '000 Accepted to G.P.I Cedded to G.P.I Ratio Motor 39,295,066 333,591 2,582,879 0.01 0.07 0.07 Fire 35,375,581 450,448 20,752,900 0.01 0.59 0.60 General Accident 29,740,024 388,917 8,677,627 0.01 0.29 0.30 Marine & Aviation 22,102,099 257,041 11,978,989 0.01 0.54 0.55 WC/Emp.Liability 196,193 1,332 47,493 0.01 0.24 0.25 Oil & Gas 63,917,150 388,547 43,742,548 0.01 0.68 0.69 Engineering 8,945,554 176,717 4,580,664 0.02 0.51 0.53 Misscellaneous 3,783,942 19,740 801,192 0.01 0.21 0.22 Total 203,346,389 2,016,333 93,164,292 0.01 0.46 0.47 Nigeria Insurance Digest 2017 073

Comparative Statistics Of Gross Premium Income, Claims And Management Expenses Of Non - Life Insurance Companies (2013-2017)

The table below shows the analysis of gross premium income, gross claims paid, management expenses, claims ratio and expenses ratio in non-life business for five consecutive years.

The gross premium includes contribution from Takaful Business 2017, Motor, Fire, General Accident, Marine and Aviation, Oil and

Gas, Workmen Compensation and Miscellaneous Insurance Business Between 2013 to 2017.

Management expenses includes underwriting expenses, salaries, rents and others excluding commissions to agents. A total of

N203.35billion was generated as gross premium in 2017 compared to N189.28billion in 2016 representing a percentage increase of

7.43%.

The gross claims increased from N57.76billion in 2016 to N70.52billion in 2017 representing a percentage increase of 22.10% while management expenses decreased from 61.39billion in 2016 to 59.81billion in 2017 representing a percentage decrease of -2.58%.

MANAGEMENT EXPENSES RATIO GROSS PREMIUM GROSS CLAIM PAID EXPENSES CLAIMS RATIO YEAR '000 '000 '000 % % 2013 187,419,363 58,644,860 48,591,646 31.29 25.93 2014 184,967,767 51,061,483 52,124,880 27.61 28.18 2015 178,487,081 54,649,328 53,830,445 30.62 30.16 2016 189,279,623 57,757,978 61,393,421 30.51 32.44 2017 203,346,389 70,522,613 59,809,182 34.68 29.41

GROSS PREMIUM '000 203,346,389 189,279,623

187,419,363 GROSS CLAIM PAID '000 184,967,767 178,487,081 MANAGEMENT EXPENSES '000 70,522,613 61,393,421 58,644,860 59,809,182 57,757,978 54,649,328 53,830,445 52,124,880 51,061,483 48,591,646

2013 2016 2017 2014 2015 YEARS Assets ofNon-LifeInsurance Companies2017 074

CASH AND CASH DEBTORS AND TRADE REINSURANCE PROPERTY AND STATUTORY OTHER EQUIVALENT FINANCIAL ASSETS PREPAYMENT RECEIVABLES ASSETS EQUIPMENT DEPOSIT ASSETS TOTAL S/NO NAME OF COMPANY ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 1 AIICO Insurance Plc. 1,888,290 6,535,278 423,133 59,106 3,340,583 1,789,556 300,000 1,978,590 16,314,536 Nigeria Insurance Digest2017 2 Alliance & General Insurance plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 3 Anchor Insurance Company Ltd. 785,345 2,077,092 78,490 28,802 127,498 1,846,822 315,000 980,130 6,239,179 4 AXA Mansard Insurance Plc 4,261,365 15,398,131 1,067,012 143,147 9,096,297 1,430,895 300,000 3,686,270 35,383,117 5 Consolidated Hallmark Insurance Plc 1,850,387 2,732,023 423,731 150,356 1,655,890 926,483 300,000 1,354,458 9,393,328 6 Cornerstone Insurance Plc 1,854,899 4,896,546 616,701 396 2,230,651 699,461 300,000 3,228,252 13,826,906 7 Custodian & Allied Insurance Ltd. 3,909,124 15,263,802 781,234 85,218 6,452,705 170,032 300,000 3,555,566 30,517,681 8 Ensure Insurance Plc 8,269,017 557,972 592,941 47,651 1,311,615 195,093 300,000 0 11,274,289 9 FBN General Insurance Limited 413,003 4,045,348 259,172 40,027 916,684 1,134,710 300,000 133,617 7,242,561 10 Fin Insurance Company Ltd. 960,318 1,716,897 100,402 475 276,527 1,405,102 300,000 1,758,081 6,517,802 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 588,579 382,328 77,805 6,025 474,436 782,849 300,000 2,384,760 4,996,782 13 Guinea Insurance Plc 889,005 394,196 70,155 24,027 205,047 715,864 333,654 1,770,998 4,402,946 14 Industrial & General Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 17 KBL Insurance Ltd. 1,786,193 367,748 119,306 25,541 273,564 115,250 300,000 2,225,280 5,212,882 18 LASACO Assurance Plc 5,206,171 2,152,097 410,431 11,600 966,516 858,370 300,000 5,139,981 15,045,166 19 Law Union & Rock Ins. Plc 3,019,528 3,121,498 217,068 28,193 1,077,005 776,463 373,000 1,419,019 10,031,774 20 Leadway Assurance Co. Ltd. 21,593,197 27,837,901 2,298,725 218,192 33,934,899 3,249,805 300,000 4,290,826 93,723,545 21 Linkage Assurance Plc 1,843,757 18,659,073 415,051 13,741 558,813 1,356,278 300,000 161,445 23,308,158 22 Mutual Benefits Assurance Plc 3,249,277 5,223,602 872,864 278,159 1,086,826 2,925,601 300,000 4,784,083 18,720,412 23 NEM Insurance Plc 3,325,340 5,916,920 770,999 723,535 2,382,458 2,861,500 320,000 1,305,131 17,605,883 24 NICON Insurance Plc 62,842 1,136,265 221,580 0 0 8,677,060 300,000 598,231 10,995,978 25 Niger Insurance Plc 113,727 1,960,849 172,089 0 602,422 846,464 300,000 2,930,603 6,926,154 26 Nigerian Agricultural Ins. Corporation 389,508 3,702,663 334,164 618,249 531,013 132,370 300,000 3,972,262 9,980,229 27 NSIA Insurance Limited 1,252,480 3,771,524 234,432 160,459 1,234,900 3,398,350 300,000 1,525,804 11,877,949 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 705,840 4,691,068 244,366 0 730,558 61,303 320,000 940,000 7,693,135 29 Prestige Assurance Plc 1,010,492 4,607,117 154,149 6,517 1,705,937 1,266,758 300,000 2,724,583 11,775,553 30 Regency Alliance Insurance Plc 1,580,186 1,951,585 184,136 11,571 909,635 1,333,229 300,000 977,675 7,248,017 31 Royal Exchange Gen. Ins. Co. Ltd. 11,333,888 1,842,965 3,503,902 35,646 2,212,548 1,814,563 340,000 4,574,632 25,658,144 32 Saham Unitrust Insurance Nig. Ltd. 597,985 6,440,040 889,698 15,431 2,318,208 1,786,834 315,000 391,310 12,754,506 33 Sovereign Trust Insurance Plc 3,400,291 1,025,722 489,223 329,648 2,500,761 1,386,862 315,000 1,370,168 10,817,675 34 STACO Insurance Plc 1,076,586 392,074 1,612,499 60,137 1,060,294 2,970,730 300,000 2,116,783 9,589,103 35 Standard Alliance Insurance Plc 242,397 313,961 121,188 18,045 380,564 4,721,348 335,000 1,325,356 7,457,859 36 Sterling Assurance Nigeria Ltd. 1,069,645 1,384,402 235,969 3,147 1,317,999 463,082 300,150 1,060,000 5,834,394 37 Sunu Assurances Nig. Plc 3,012,534 537,106 478,518 13,535 1,491,852 3,075,245 300,000 1,776,922 10,685,712 38 Universal Insurance Plc 271,230 2,856,058 1,784,243 6,773 375,503 2,808,784 335,000 4,324,066 12,761,657 39 Veritas Kapital Assurance Plc 3,756,993 92,230 433,801 6,678 216,302 2,849,945 355,000 2,524,879 10,235,828 40 Wapic Insurance Plc 911,023 4,356,929 1,189,070 486,997 838,139 3,521,507 300,000 9,725,275 21,328,940 41 Zenith Insurance Company Ltd. 5,639,133 21,676,474 702,683 79,976 4,417,899 1,137,993 300,002 412,206 34,366,366 Total 102,119,575 180,017,484 22,580,930 3,737,000 89,212,548 65,492,561 11,156,806 83,427,242 557,744,146 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 52,436 0 2,536 0 11,366 0 0 0 66,338 43 Noor Takaful Insurance Plc 64,348 10,642 10,593 0 7,080 0 0 37,486 130,149 TOTAL 116,784 10,642 13,129 0 18,446 0 0 37,486 196,487 REINSURANCE COMPANY 44 Continental Reinsurance Plc 6,680,113 8,594,942 1,501,752 6,184,435 1,877,676 2,379,583 1,000,000 5,905,559 34,124,060 45 Nigeria Reinsurance Corporation 1,651,249 1,622,729 283,221 0 0 23,000 735,000 11,973,998 16,289,197 TOTAL 8,331,362 10,217,671 1,784,973 6,184,435 1,877,676 2,402,583 1,735,000 17,879,557 50,413,257

076 Nigeria Insurance Digest 2017

Distribution Of Assets Of Non-life Insurance Companies (2015-2017)

The table below is an analysis of Assets of Non-Life Insurance Companies from 2015-2017. It shows an increase of 8.18% in Assets of Non-Life Insurance Companies from 2015-2017.

2015 2016 2017 Assets '000 ‘000 ‘000

107,344,793 99,408,054 102,236,359 Cash & Cash Equivalent (23.12) (19.27) (18.32) 112,734,487 158,220,244 180,028,126 Financial Assets (24.28) (30.68) (32.27) 23,383,224 17,233,891 22,594,059 Debtors and Prepayment (5.04) (3.34) (4.05) 5,077,656 5,641,639 3,737,000 Trade Receivable (1.09) (1.09) (0.67) 50,809,933 60,694,427 89,230,994 Reinsurance Assets (10.94) (11.77) (15.99) 58,669,607 67,169,627 65,492561 Property and Equipment (12.64) (13.02) (11.74) 12,924,502 12,924,502 11,156,806 Statutory Deposits (2.78) (2.51) (2.00)

93,305,223 93,959,099 83,464,248 Other Assets (20.10) (18.22) (14.96)

464,249,425 515,739,666 557,940,633 Total (100) (100) (100)

2017 ASSETS OF NON-LIFE INSURANCE COMPANIES

OTHER ASSETS CASH & CASH STATUTORY 15% EQUIVALENT DEPOSITS 18% 2%

PROPERTY AND EQUIVALENT 12%

REINSURANCE ASSETS 16% FINANCIAL ASSETS 32% TRADE RECIVABLE DEBTORS AND 1% PREPAYMENT 4% INSURANCE B0RROWING TRADE SHARE RESERVES SHARE OTHER OTHER TOTAL LIABILITIES PAYABLE CAPITAL PREMIUM LIABILITIES LIABILITIES LIABILITIES S/NO NAME OF COMPANY ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 1 AIICO Insurance Plc. 5,985,896 0 562,237 1,626,240 3,269,383 778,317 4,092,462 4,092,462 16,314,535 2 Alliance & General Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 3 Anchor Insurance Company Ltd. 607,436 0 36,057 2,245,000 2,351,449 475,200 524,039 524,039 6,239,181 4 AXA Mansard Insurance Plc 12,544,878 0 7,888,101 4,250,000 5,888,742 3,643,453 1,167,943 1,167,943 35,383,117 5 Consolidated Hallmark Insurance Plc 3,532,408 0 26,483 3,000,000 1,601,752 0 1,232,686 1,232,686 9,393,329 6 Cornerstone Insurance Plc 6,533,080 0 892,253 7,425,333 7 Custodian & Allied Insurance Ltd. 10,908,515 0 1,221,983 3,500,000 12,614,694 84,607 2,187,882 2,187,882 30,517,681 8 Ensure Insurance Plc 2,672,956 119,863 462,201 2,225,454 -2,687,268 417,838 8,063,245 8,063,245 11,274,289 9 FBN General Insurance Limited 2,119,275 0 95,204 3,751,753 318,753 410,961 546,615 546,615 7,242,561 10 Fin Insurance Company Ltd. 1,217,882 _ 205,261 3,300,000 1,049,946 93,878 650,835 650,835 6,517,802 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 913,687 0 4,387 1,292,982 -857,884 2,016,905 1,626,703 1,626,703 4,996,780 13 Guinea Insurance Plc 540,047 0 41,738 3,070,000 -1,410 337,545 415,026 415,026 4,402,946 14 Industrial & General Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A Liabilities ofNon-LifeInsurance Companies2017 15 International Energy Ins. Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 17 KBL Insurance Ltd. 1,033,494 0 111,269 3,586,051 310,864 0 171,204 171,204 5,212,882 18 LASACO Assurance Plc 2,676,832 0 3,431,913 3,667,172 2,555,931 940,612 1,772,697 1,772,697 15,045,157 19 Law Union & Rock Ins. Plc 2,682,434 _ 222,959 2,148,165 2,839,988 1,477,073 661,155 661,155 10,031,774 20 Leadway Assurance Co. Ltd. 59,823,081 0 10,027,205 3,139,798 19,061,102 387,826 1,284,531 1,284,531 93,723,543 21 Linkage Assurance Plc 2,443,857 0 107,346 3,999,999 15,223,789 729,044 804,123 804,123 23,308,158 22 Mutual Benefits Assurance Plc 4,352,606 6,509,170 1,028,272 4,000,000 1,467,093 _ 1,363,271 1,363,271 18,720,412 23 NEM Insurance Plc 6,518,667 0 73,694 2,640,251 6,843,477 272,551 1,257,244 1,257,244 17,605,884 24 NICON Insurance Plc 810,605 0 155,596 2,271,796 -1,028,669 7,719,871 1,066,779 1,066,779 10,995,978 25 Niger Insurance Plc 1,532,986 0 192,095 2,907,095 684,779 672,489 936,708 936,708 6,926,152 26 Nigerian Agricultural Ins. Corporation 1,686,357 0 0 2,500,000 4,954,369 0 839,503 839,503 9,980,229 27 NSIA Insurance Limited 2,055,164 0 407,383 2,821,061 4,409,485 1,045,203 1,139,652 1,139,652 11,877,948 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 2,677,305 0 130,183 3,000,000 38,665 782,290 1,064,692 1,064,692 7,693,135 29 Prestige Assurance Plc 2,643,592 72,078 467,266 2,685,216 3,695,306 1,127,599 1,084,496 1,084,496 11,775,553 30 Regency Alliance Insurance Plc 1,856,530 0 0 3,334,375 1,609,856 0 447,257 447,257 7,248,018 31 Royal Exchange Gen. Ins. Co. Ltd. 5,446,009 379,567 9,910,957 5,366,667 1,894,283 802,737 1,857,924 1,857,924 25,658,144 32 Saham Unitrust Insurance Nig. Ltd. 3,372,753 0 344,795 3,300,000 4,465,963 0 1,270,995 1,270,995 12,754,506 33 Sovereign Trust Insurance Plc 3,260,519 940,816 710,333 4,170,412 1,184,649 116,843 434,103 434,103 10,817,675

34 STACO Insurance Plc 3,299,495 0 87,653 4,670,544 -2,014,859 434,164 3,112,106 3,112,106 9,589,103 Nigeria Insurance Digest2017 35 Standard Alliance Insurance Plc 2,079,144 1,304,290 73,846 3,755,515 -7,229,167 6,313,299 1,160,933 1,160,933 7,457,860 36 Sterling Assurance Nigeria Ltd. 1,531,862 0 44,027 4,050,351 -130,256 70,393 268,017 268,017 5,834,394 37 Sunu Assurances Nig. Plc 3,377,937 2,644,867 152 7,000,000 -4,204,976 1,023,465 844,267 844,267 10,685,712 38 Universal Insurance Plc 787,275 0 22,900 8,000,000 672,133 825,018 2,454,331 2,454,331 12,761,657 39 Veritas Kapital Assurance Plc 1,687,090 0 43,520 6,933,333 296,149 663,600 612,136 612,136 10,235,828 40 Wapic Insurance Plc 3,817,332 415,414 6,691,369 2,474,189 6,194,983 1,735,653 1,735,653 21,328,940 41 Zenith Insurance Company Ltd. 8,445,320 0 1,620,646 1,450,000 16,778,622 4,138,423 1,933,355 1,933,355 34,366,366 Total 177,474,306 11,970,651 41,065,329 126,350,599 100,400,922 43,996,187 50,084,568 50,084,568 551,342,562 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 52,890 0 16,785 0 0 0 -3,338 -3,338 66,337 43 Noor Takaful Insurance Plc 85,576 0 0 0 4,224 0 40,349 40,349 130,149 TOTAL 138,466 0 16,785 0 4,224 0 37,011 37,011 196,486 REINSURANCE COMPANY 44 Continental Reinsurance Plc 12,470,590 0 0 5,186,372 8,301,096 3,915,451 4,250,554 4,250,554 34,124,063 45 Nigeria Reinsurance Co. 416,694 0 0 3,182,106 10,691,310 1,942,770 56,316 56,316 16,289,196 077 TOTAL 12,887,284 _ _ 8,368,478 18,992,406 5,858,221 4,306,870 4,306,870 50,413,259 078 Nigeria Insurance Digest 2017

Distribution Of Liabilities Of Non-life Insurance Companies (2015-2017)

2015 2016 2017 Liabilities '000 '000 '000

129,404,229 145,185,031 177,612,772 Insurance Liabilities (27.87) (28.15) (32.20) 14,324,413 14,231,062 11,970,651 Borrowing (3.09) (2.76) (2.17) 17,972,814 30,658,855 41,082,114 Trade Payable (3.87) (5.94) (7.45) 156,141,188 126,350,599 Share Capital 154,501,163 (33.28) (30.28) (22.91)

51,923,940 100,405,146 Reserves 40,050,896 (8.63) (10.07) (18.20)

52,622,966 43,996,187 Share Premium 53,458,423 (11.51) (10.20) (7.98) 61,863,593 50,121,579 Other Liabilities 54,547,163 (11.75) (12.00) (9.09) 515,739,890 551,539,048 Total 464,259,101 (100) (100) (100)

Note: The Table from Excel, Assets and Liabilities Non-life worksheet

2017 LIABILITIES OF NON-LIFE INSURANCE COMPANIES

OTHER LIABILITIES 9%

SHARE PREMIUM INSURANCE 8% LIABILITIES 32%

RESERVES 18%

BORROWING 2%

TRADE PAYABLE SHARE CAPITAL 8% 23% MOTOR FIRE GEN. ACCIDENT M & A WC OIL AND GAS ENGINEERING MISC. TOTAL INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE UNDERWRITING BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS BUSINESS PROFIT S/NO NAME OF COMPANY '000 '000 '000 '000 '000 '000 '000 '000 ‘000 1 AIICO Insurance Plc. 644,553 -99,513 691,053 604,174 260,896 255,529 0 0 2,356,692 2 Alliance & General Insurance Co. Ltd N/A N/A N/A N/A N/A N/A N/A N/A N/A 3 Anchor Insurance Company Ltd. 599,059 25,933 225,872 32,942 0 215,502 11,218 -116,661 993,865 4 AXA Mansard Insurance Plc 740,022 457,125 725,668 112,174 0 554,215 125,551 15,541 2,730,296 5 Consolidated Hallmark Insurance Plc 618,729 -89,538 265,594 141,645 0 225,114 65,548 15,785 1,242,877 6 Cornerstone Insurance Plc -332,085 314,864 108,274 64,249 0 -1,602,036 -1,446,734 900,288 203,923 594,684 425,845 0 1,694,376 142,178 2,020 3,963,314 7 Custodian & Allied Insurance Ltd. Underwriting Profit ofNon-lifeMemberCompanies2017 8 Ensure Insurance Plc 146,637 69,485 189,101 296,387 0 -49,402 -41,150 5,050 616,108 9 FBN General Insurance Limited 232,992 153,769 174,994 68,950 0 133,706 97,373 11,085 872,869 10 Fin Insurance Company Ltd. 132,121 5,416 122,284 49,561 0 -504,192 -62530 -18,378 -275,718 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 161,264 21,586 140,962 24,047 -449 88,793 10668 -1,065 445,806 13 Guinea Insurance Plc 215,291 56,568 228,665 596 0 0 0 0 501,120 14 Industrial & General Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 15 International Energy Ins. Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 16 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 17 KBL Insurance Ltd. 411,929 71,682 45,064 6,294 58 5,326 5,527 14,556 560,436 18 LASACO Assurance Plc 209,420 -159,319 281,005 -67,534 0 488,202 91,377 212,022 1,055,173 19 Law Union & Rock Ins. Plc 560,804 72,013 122,379 192,850 0 135,896 127,594 -28,660 1,182,876 20 Leadway Assurance co. Ltd. 488,278 -60,822 784,270 872,132 0 -4,204,325 503,864 -79,544 -1,696,147 21 Linkage Assurance Plc 208,992 51,050 126,191 32,526 0 73,320 -35,216 0 456,863 22 Mutual Benefits Assurance Plc 763,231 337,575 476,205 542,408 0 396,694 0 30,112 2,546,225 23 NEM Insurance Plc 1,156,416 1,395,730 937,353 819,297 0 203,759 0 0 4,512,555 24 NICON Insurance Plc 403,571 107,462 382,049 174,365 -3,780 365,854 11,813 0 1,441,334 25 Niger insurance Plc 200,255 155,233 607,210 108,459 0 0 0 0 1,071,157 26 Nigerian Agricultural Ins. Corporation 85,499 29,249 58,377 5,628 0 31,014 -37,085 655,702 828,384 27 NSIA Insurance Limited 359,145 213,453 207,794 295,843 0 44,578 105,373 26,274 1,252,460 28 Old Mutual Gen. Ins. Co. Nig. Ltd. 144,008 143,112 176,699 32,342 0 67,833 -89,645 -130,476 343,873 29 Prestige Assurance Plc 109,322 23,246 10,382 271,995 5,709 -9,173 45,551 -121,647 335,385 30 Regency Alliance Insurance Plc 246,303 106,674 36,670 188,375 1,935 98,068 95,594 1,288 774,907 31 Royal Exchange Gen. Ins. Co. Ltd. 797,369 -31,260 514,630 136,339 0 -181,131 94,954 3,426 1,334,327 32 Saham Unitrust Insurance Nig. Ltd. 73,347 -89,438 136,980 4,002 0 138,155 -31,201 9,543 241,388 33 Sovereign Trust Insurance Plc 261,693 262,964 281,782 7,147 0 70,180 326,542 0 1,210,308 34 STACO Insurance Plc 808,236 -39,875 266,657 -248,023 0 194,537 -6,652 151,244 1,126,124 Nigeria Insurance Digest2017 35 Standard Alliance Insurance Plc 437,542 272,690 229,023 466,417 0 65,202 -93,432 28,268 1,405,710 36 Sterling Assurance Nigeria Ltd. 429,991 -39,974 -22,981 144,273 0 629,586 150,828 -17,870 1,273,853 37 Sunu Assurances Nig. Plc 261,989 67,101 126,010 221,517 0 236,670 45,707 26,118 985,112 38 Universal Insurance Plc 70,254 36,633 89,541 17,565 0 55,945 38,540 -17,123 291,355 39 Veritas Kapital Assurance Plc 283,394 -48,341 56,805 -51,262 0 -277,848 113,954 51 76,753 40 Wapic Insurance Plc 167,430 46,058 510,591 1,946 0 519,738 -52,896 5,540 1,198,407 41 Zenith General Insurance Co.Ltd. 637,158 -388,483 877,316 340,831 0 132,168 166,020 199,480 1,964,490 TOTAL 13,634,447 3,654,031 10,785,153 6,336,302 264,369 291,853 1,925,967 881,681 37,773,803 TAKAFUL COMPANY 42 Jaiz Takaful Insurance Plc 2,632 6,618 15,339 275 0 0 2,066 0 26,930 43 Noor Takaful Insurance Plc -4,615 9,547 8,672 368 0 0 0 0 13,972 TOTAL -1,983 16,165 24,011 643 0 0 2,066 0 40,902 REINSURANCE COMPANY 0 44 Continental Reinsurance Plc 0 667,332 832,719 -5,156 0 -440,663 0 413,318 1,467,550 45 Nigeria Reinsurance Corporation 22,652 -51,729 40,921 98,740 0 -7,044 0 47,938 151,478 TOTAL 22,652 615,603 873,640 93,584 _ -447,707 _ 461,256 1,619,028 079 080 Nigeria Insurance Digest 2017

Growth Of Non-life Premium 2008 -2017

PREMIUM YEAR '000 2008 120,931,883 2009 144,660,899 2010 145,969,093 2011 163,193,857 2012 182,172,874 2013 187,419,363

2014 184,967,767

2015 178,487,081 2016 189,279,623 2017 203,346,389 CAGR 5.3%

NON-LIFE (BILLIONS OF NAIRA) 5.3%CAGR 250000000

200000000

150000000

100000000

50000000

0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Nigeria Insurance Digest 2017 081

Operating Performance Of Life Companies 082 Nigeria Insurance Digest 2017

Member Companies Transacting Life Insurance Business As At December, 2017

NAME OF COMPANY

1 AFRICAN ALLIANCE INSURANCE PLC 2 AIICO INSURANCE Plc 3 ALLIANCE & GENERAL LIFE ASSURANCE PLC 4 ARM LIFE PLC 5 AXA MANSARD INSURANCE PLC 6 CAPITAL EXPRESS ASSURANCE LTD. 7 CORNERSTONE INSURANCE PLC 8 CUSTODIAN LIFE INSURANCE LTD. 9 ENSURE INSURANCE PLC. 10 FBN INSURANCE LIMITED 11 GOLDLINK INSURANCE PLC 12 GREAT NIGERIA LIFE ASS. LTD. 13 INDUSTRIAL & GENERAL INSURANCE PLC 14 LASACO ASSURANCE PLC 15 LEADWAY ASSURANCE CO. LTD 16 MUTUAL BENEFITS LIFE ASS. CO. LTD 17 NICON INSURANCE PLC 18 NIGER INSURANCE PLC 19 NSIA INSURANCE COMPANY LIMITED 20 METROPOLITAN LIFE INS. NIG. LTD. 21 OLD MUTUAL LIFE ASSURANCE CO. LTD. 22 PRUDENTIAL ZENITH LIFE INSURANCE LTD. 23 ROYAL EXCHANGE PRUDENTIAL LIFE INS. CO. LTD. 24 SPRINGLIFE ASSURANCE PLC. 25 STANDARD ALLIANCE LIFE ASS. CO.LTD. 26 UNIC INSURANCE PLC 27 WAPIC LIFE ASS. LTD. TAKAFUL COMPANY 1 JAIZ TAKAFUL INSURANCE PLC 2 NOOR TAKAFUL INSURANCE PLC REINSURANCE COMPANY

1 CONTINENTAL REINSURANCE PLC 2 NIGERIA REINSURANCE CORPORATION Nigeria Insurance Digest 2017 083

Life Insurance Premium Income,2017

GROSS NET DIRECT REINS PREMIUM REINS. WRITTEN S/NO NAME OF COMPANY BUSINESS ACCEPTED INCOME CEDED PREMIUM '000 '000 '000 '000 '000 1 African Alliance Insurance Plc N/A N/A N/A N/A N/A 2 AIICO Insurance Plc 21,678,158 0 21,678,158 443,508 21,234,650 3 Alliance & General Life Assurance Plc N/A N/A N/A N/A N/A 4 Arm Life Plc 4,539,175 0 4,539,175 198,681 4,340,494 5 AXA Mansard Insurance Plc 3,577,146 0 3,577,146 1,104,191 2,472,955 6 Capital Express Assurance Ltd. 2,297,253 0 2,297,253 35,011 2,262,242 7 Cornerstone Insurance Plc 1,808,739 0 1,808,739 490,880 1,317,859 8 Custodian Life Assurance Ltd. 12,161,883 0 12,161,883 869,773 11,292,110 9 Ensure Insurance Plc 3,112,913 0 3,112,913 2,483,117 629,796 10 FBN Insurance Limited 19,580,871 0 19,580,871 1,593,030 17,987,841 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 1,821,463 0 1,821,463 6,983 1,814,480 13 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 14 LASACO Assurance Plc 2,266,062 0 2,266,062 903,832 1,362,230 15 Leadway Assurance Co. Ltd 61,288,021 0 61,288,021 1,094,270 60,193,751 16 Metropolitan Life Ins. Nig. Ltd. 2,059,801 0 2,059,801 345,265 1,714,536 17 Mutual Benefits Life Ass. Ltd 4,963,517 0 4,963,517 761,363 4,202,154 18 NICON Insurance Plc 79,640 0 79,640 0 79,640 19 Niger Insurance Plc 6,869,550 0 6,869,550 2,023,203 4,846,347 20 NSIA Insurance Limited 783,308 0 783,308 121,009 662,299 21 Old Mutual Nig. Life Assurance Co. Ltd. 1,929,091 0 1,929,091 500,082 1,429,009 22 Prudential Zenith Life Insurance Ltd. 3,684,406 0 3,684,406 938,256 2,746,150 23 Royal Exchange Prudential Life Plc 3,059,338 0 3,059,338 353,946 2,705,392 24 SpringLife AssurancePlc. N/A N/A N/A N/A N/A 25 Standard Alliance Ins Plc 1,983,396 0 1,983,396 234,243 1,749,153 26 UNIC Insurance Plc N/A N/A N/A N/A N/A 27 Wapic Life Ass. Ltd. 2,051,248 0 2,051,248 631,476 1,419,772 TOTAL 161,594,979 0 161,594,979 15,132,119 146,462,860 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 13,740 0 13,740 1,092 12,648 29 Noor Takaful Insurance Plc 102,286 0 102,286 2,622 99,664 TOTAL 116,026 0 116,026 3,714 112,312 REINSURANCE COMPANY 30 Continental Reinsurance Plc 3,088,308 0 3,088,308 467,428 2,620,880 31 Nigeria Reinsurance Corporation 259,524 0 259,524 1,095 258,429 TOTAL 3,347,832 0 3,347,832 468,523 2,879,309

Nigeria Insurance Digest 2017 085

Individual Life Insurance Premium Income, 2017

GROSS NET DIRECT REINS PREMIUM REINS. WRITTEN S/NO NAME OF COMPANY BUSINESS ACCEPTED INCOME CEDED PREMIUM '000 '000 '000 '000 '000 1 African Alliance Insurance Plc N/A N/A N/A N/A N/A 2 AIICO Insurance Plc 16,412,628 0 16,412,628 16,449 16,396,179 3 Alliance & General Life Assurance Plc N/A N/A N/A N/A N/A 4 Arm Life Plc 990,129 0 990,129 1,458 988,671 5 AXA Mansard Insurance Plc 783,098 0 783,098 165,059 618,039 6 Capital Express Assurance Ltd. 240,962 0 240,962 0 240,962 7 Cornerstone Insurance Plc 285,066 0 285,066 24,368 260,698 8 Custodian Life Assurance Ltd. 2,123,608 0 2,123,608 2,141 2,121,467 9 Ensure Insurance Plc 295,571 0 295,571 7,715 287,856 10 FBN Insurance Limited 9,328,614 0 9,328,614 26,441 9,302,173 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 144,111 0 144,111 254 143,857 13 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 14 LASACO Assurance Plc 261,555 0 261,555 16,621 244,934 15 Leadway Assurance Co. Ltd 2,547,303 0 2,547,303 23,477 2,523,826 16 Metropolitan Life Ins. Nig. Ltd. 272,379 0 272,379 12,389 259,990 17 Mutual Benefits Life Ass. Ltd 1,289,494 0 1,289,494 11,534 1,277,960 18 NICON Insurance Plc 0 0 0 0 0 19 Niger Insurance Plc 2,349,721 0 2,349,721 550,033 1,799,688 20 NSIA Insurance Limited 234,567 0 234,567 15,137 219,430 21 Old Mutual Nig. Life Assurance Co. Ltd. 530,122 0 530,122 0 530,122 22 Prudential Zenith Life Insurance Ltd. 39,755 0 39,755 37,268 2,487 23 Royal Exchange Prudential Life Plc 861,320 0 861,320 99,649 761,671 24 SpringLife Assurance Plc. N/A N/A N/A N/A N/A 25 Standard Alliance Ins Plc 74,381 0 74,381 0 74,381 26 UNIC Insurance Plc N/A N/A N/A N/A N/A 27 Wapic Life Ass. Ltd. 106,317 0 106,317 16,201 90,116 TOTAL 39,170,701 0 39,170,701 1,026,194 38,144,507 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 11,157 0 11,157 381 10,776 29 Noor Takaful Insurance Plc 93,258 0 93,258 316 92,942 TOTAL 104,415 0 104,415 697 103,718 REINSURANCE COMPANY 30 Continental Reinsurance Plc 243,576 0 243,576 36,536 207,040 31 Nigeria Reinsurance Corporation 35,122 0 35,122 396 34,726 TOTAL 278,698 - 278,698 36,932 241,766 086 Nigeria Insurance Digest 2017

Group Life Insurance Premium Income, 2017

GROSS NET DIRECT REINS PREMIUM REINS. WRITTEN S/NO NAME OF COMPANY BUSINESS ACCEPTED INCOME CEDED PREMIUM '000 '000 '000 '000 '000 1 African Alliance Insurance Plc N/A N/A N/A N/A N/A 2 AIICO Insurance Plc 2,043,273 0 2,043,273 427,060 1,616,213 3 Alliance & General Life Assurance Plc N/A N/A N/A N/A N/A 4 Arm Life Plc 821,843 0 821,843 197,223 624,620 5 AXA Mansard Insurance Plc 2,535,929 0 2,535,929 939,133 1,596,796 6 Capital Express Assurance Ltd. 2,056,291 0 2,056,291 35,011 2,021,280 7 Cornerstone Insurance Plc 1,523,673 0 1,523,673 466,512 1,057,161 8 Custodian Life Assurance Ltd. 2,320,600 0 2,320,600 867,632 1,452,968 9 Ensure Insurance Plc 2,816,940 0 2,816,940 2,475,402 341,538 10 FBN Insurance Limited 3,488,190 0 3,488,190 1,566,589 1,921,601 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 1,660,368 0 1,660,368 6,729 1,653,639 13 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 14 LASACO Assurance Plc 1,935,771 0 1,935,771 887,211 1,048,560 15 Leadway Assurance Co. Ltd 2,583,617 0 2,583,617 1,070,793 1,512,824 16 Metropolitan Life Ins. Nig. Ltd. 1,787,423 0 1,787,423 332,876 1,454,547 17 Mutual Benefits Life Ass. Ltd 3,674,023 0 3,674,023 749,829 2,924,194 18 NICON Insurance Plc 0 0 0 0 0 19 Niger Insurance Plc 4,383,980 0 4,383,980 1,473,170 2,910,810 20 NSIA Insurance Limited 548,741 0 548,741 105,872 442,869 21 Old Mutual Nig. Life Assurance Co. Ltd. 1,398,969 0 1,398,969 500,082 898,887 22 Prudential Zenith Life Insurance Ltd. 3,644,651 0 3,644,651 900,988 2,743,663 23 Royal Exchange Prudential Life Plc 2,180,002 0 2,180,002 254,297 1,925,705 24 SpringLife AssurancePlc. N/A N/A N/A N/A N/A 25 Standard Alliance Ins Plc 1,225,097 0 1,225,097 234,243 990,854 26 UNIC Insurance Plc N/A N/A N/A N/A N/A 27 Wapic Life Ass. Ltd. 1,944,931 0 1,944,931 615,275 1,329,656 TOTAL 44,574,312 0 44,574,312 14,105,927 30,468,385 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 2,583 0 2,583 711 1,872 29 Noor Takaful Insurance Plc 9,028 0 9,028 2,307 6,721 TOTAL 11,611 0 11,611 3,018 8,593 REINSURANCE COMPANY 30 Continental Reinsurance Plc 2,844,732 0 2,844,732 430,892 2,413,840 31 Nigeria Reinsurance Corporation 224,402 0 224,402 700 223,702 TOTAL 3,069,134 - 3,069,134 431,592 2,637,542 Nigeria Insurance Digest 2017 087

Annuity Insurance Premium Income, 2017

GROSS NET DIRECT REINS PREMIUM REINS. WRITTEN S/NO NAME OF COMPANY BUSINES ACCEPTED INCOME CEDED PREMIUM '000 '000 '000 '000 '000 1 African Alliance Insurance Plc N/A N/A N/A N/A N/A 2 AIICO Insurance Plc 3,222,258 0 3,222,258 0 3,222,258 3 Alliance & General Life Assurance Plc N/A N/A N/A N/A N/A 4 Arm Life Plc 2,727,203 0 2,727,203 0 2,727,203 5 AXA Mansard Insurance Plc 258,119 0 258,119 0 258,119 6 Capital Express Assurance Ltd. 0 0 0 0 0 7 Cornerstone Insurance Plc 0 0 0 0 0 8 Custodian Life Assurance Ltd. 7,717,675 0 7,717,675 0 7,717,675 9 Ensure Insurance Plc 402 0 402 0 402 10 FBN Insurance Limited 6,764,067 0 6,764,067 0 6,764,067 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 16,984 0 16,984 0 16,984 13 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 14 LASACO Assurance Plc 68,736 0 68,736 0 68,736 15 Leadway Assurance Co. Ltd 56,157,101 0 56,157,101 0 56,157,101 16 Metropolitan Life Ins. Nig. Ltd. 0 0 0 0 0 17 Mutual Benefits Life Ass. Ltd 0 0 0 0 0 18 NICON Insurance Plc 0 0 0 0 0 19 Niger Insurance Plc 135,849 0 135,849 0 135,849 20 NSIA Insurance Limited 0 0 0 0 0 21 Old Mutual Nig. Life Assurance Co. Ltd. 0 0 0 0 0 22 Prudential Zenith Life Insurance Ltd. 0 0 0 0 0 23 Royal Exchange Prudential Life Plc 18,016 0 18,016 0 18,016 24 SpringLife AssurancePlc. N/A N/A N/A N/A N/A 25 Standard Alliance Ins Plc 683,918 0 683,918 0 683,918 26 UNIC Insurance Plc N/A N/A N/A N/A N/A 27 Wapic Life Ass. Ltd. 0 0 0 0 0 TOTAL 77,770,328 0 77,770,328 0 77,770,328 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 0 0 0 0 0 29 Noor Takaful Insurance Plc 0 0 0 0 0 TOTAL 0 0 0 0 0 REINSURANCE COMPANY 0 0 30 Continental Reinsurance Plc 0 0 0 0 0 31 Nigeria Reinsurance Corporation 0 0 0 0 0 TOTAL 0 0 0 0 0 088 Nigeria Insurance Digest 2017

Composition Of Life Insurance Premium 2017

PRODUCT LINE GROSS PREMIUM '000 INDIVIDUAL LIFE 39,275,116 GROUP LIFE 44,585,923 ANNUITY 77,770,328

LIFE INSURANCE PREMIUM '000 INDIVIDUAL LIFE 39,275,116 (24%)

ANNUITY, 77,770,328 (48%)

GROUP LIFE 44,585,923 (28%)

Member Companies Ranked In Order Of Premium From Their Direct Life Insurance Business (2017) GROSS MARKET S/N COMPANY PREMIUM SHARE '000 % 1 Leadway Assurance Co. Ltd 61,288,021 37.93 2 AIICO Insurance Plc 21,678,158 13.42 3 FBN Insurance Limited 19,580,871 12.12 4 Custodian Life Assurance Ltd. 12,161,883 7.53 5 Niger Insurance Plc 6,869,550 4.25 6 Mutual Benefits Life Ass. Ltd 4,963,517 3.07 7 Arm Life Plc 4,539,175 2.81 8 Prudential Zenith Life Insurance Ltd. 3,684,406 2.28 9 AXA Mansard Insurance Plc 3,577,146 2.21 10 Ensure Insurance Plc 3,112,913 1.93 11 Royal Exchange Prudential Life Plc 3,059,338 1.89 12 Capital Express Assurance Ltd. 2,297,253 1.42 13 LASACO Assurance Plc 2,266,062 1.40 14 Metropolitan Life Ins. Nig. Ltd. 2,059,801 1.27 15 Wapic Life Ass. Ltd. 2,051,248 1.27 16 Standard Alliance Ins Plc 1,983,396 1.23 17 Old Mutual Nig. Life Assurance Co. Ltd. 1,929,091 1.19 18 Great Nigeria Ins Plc 1,821,463 1.13 19 Cornerstone Insurance Plc 1,808,739 1.12 20 NSIA Insurance Limited 783,308 0.48 21 NICON Insurance Plc 79,640 0.05 22 African Alliance Insurance Plc N/A N/A 23 Industrial & General Insurance Plc N/A N/A 24 Alliance & General Life Assurance Plc N/A N/A 25 Goldlink Insurance Plc N/A N/A 26 UNIC Insurance Plc N/A N/A 27 SpringLife AssurancePlc. N/A N/A TOTAL 161,594,979 100 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 13,740 11.84 29 Noor Takaful Insurance Plc 102,286 88.16 TOTAL 116,026 100 Nigeria Insurance Digest 2017 089

Ratio Of Gross Claims Paid To Gross Premium Income Of Life Member Companies 2017

GROSS PREMIUM GROSS CLAIMS S/NO NAME OF COMPANY INCOME PAID RATIO ‘000 ‘000 1 African Alliance Insurance Plc N/A N/A N/A 2 AIICO Insurance Plc 21,678,158 17,701,141 0.82 3 Alliance & General Life Assurance Plc N/A N/A N/A 4 Arm Life Plc 4,539,175 570,249 0.13 5 AXA Mansard Insurance Plc 3,577,146 2,020,787 0.56 6 Capital Express Assurance Ltd. 2,297,253 1,598,175 0.70 7 Cornerstone Insurance Plc 1,808,739 1,371,913 0.76 8 Custodian Life Assurance Ltd. 12,161,883 4,463,550 0.37 9 Ensure Insurance Plc 3,112,913 3,343,900 1.07 10 FBN Insurance Limited 19,580,871 4,212,475 0.22 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 1,821,463 651,123 0.36 13 Industrial & General Insurance Plc N/A N/A N/A 14 LASACO Assurance Plc 2,266,062 1,861,318 0.82 15 Leadway Assurance Co. Ltd 61,288,021 17,806,933 0.29 16 Metropolitan Life Ins. Nig. Ltd. 2,059,801 1,487,033 0.72 17 Mutual Benefits Life Ass. Ltd 4,963,517 2,183,572 0.44 18 NICON Insurance Plc 79,640 N/A 0.00 19 Niger Insurance Plc 6,869,550 3,240,439 0.47 20 NSIA Insurance Limited 783,308 648,014 0.83 21 Old Mutual Nig. Life Assurance Co. Ltd. 1,929,091 1,417,980 0.74 22 Prudential Zenith Life Insurance Ltd. 3,684,406 3,319,350 0.90 23 Royal Exchange Prudential Life Plc 3,059,338 2,322,441 0.76 24 SpringLife AssurancePlc. N/A N/A N/A 25 Standard Alliance Ins Plc 1,983,396 1,110,606 0.56 26 UNIC Insurance Plc N/A N/A N/A 27 Wapic Life Ass. Ltd. 2,051,248 913,018 0.45 TOTAL 161,594,979 72,244,017 0.45 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 13,740 0 0.00 29 Noor Takaful Insurance Plc 102,286 63,492 0.62 TOTAL 116,026 63,492 0.55 REINSURANCE COMPANY 30 Continental Reinsurance Plc 3,088,308 1,406,524 0.46 31 Nigeria Reinsurance Corporation 259,524 233,570 0.90 TOTAL 3,347,832 1,640,094 0.49 090 Nigeria Insurance Digest 2017

Ratio Of Net Claims Paid To Net Premium Income Of Life Member Companies 2017

NET PREMIUM NET CLAIMS S/NO NAME OF COMPANY INCOME PAID RATIO ‘000 ‘000 1 African Alliance Insurance Plc N/A N/A N/A 2 AIICO Insurance Plc 21,234,650 17,075,168 0.80 3 Alliance & General Life Assurance Plc N/A N/A N/A 4 Arm Life Plc 4,340,494 432,082 0.10 5 AXA Mansard Insurance Plc 2,472,955 1,395,349 0.56 6 Capital Express Assurance Ltd. 2,262,242 1,598,175 0.71 7 Cornerstone Insurance Plc 1,317,859 1,060,445 0.80 8 Custodian Life Assurance Ltd. 11,292,110 4,491,461 0.40 9 Ensure Insurance Plc 629,796 648,660 1.03 10 FBN Insurance Limited 17,987,841 3,551,200 0.20 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 1,814,480 643,364 0.35 13 Industrial & General Insurance Plc N/A N/A N/A 14 LASACO Assurance Plc 1,362,230 1,291,984 0.95 15 Leadway Assurance Co. Ltd 60,193,751 17,355,671 0.29 16 Metropolitan Life Ins. Nig. Ltd. 1,714,536 1,135,366 0.66 17 Mutual Benefits Life Ass. Ltd 4,202,154 751,042 0.18 18 NICON Insurance Plc 79,640 N/A N/A 19 Niger Insurance Plc 4,846,347 2,915,699 0.60 20 NSIA Insurance Limited 662,299 342,023 0.52 21 Old Mutual Nig. Life Assurance Co. Ltd. 1,429,009 631,208 0.44 22 Prudential Zenith Life Insurance Ltd. 2,746,150 1,238,449 0.45 23 Royal Exchange Prudential Life Plc 2,705,392 1,868,641 0.69 24 SpringLife AssurancePlc. N/A N/A N/A 25 Standard Alliance Ins Plc 1,749,153 1,258,024 0.72 26 UNIC Insurance Plc N/A N/A N/A 27 Wapic Life Ass. Ltd. 1,419,772 778,663 0.55 TOTAL 146,462,860 60,462,674 0.41 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 12,648 0 0.00 29 Noor Takaful Insurance Plc 99,664 60,641 0.61 TOTAL 112,312 60,641 0.54 REINSURANCE COMPANY 30 Continental Reinsurance Plc 2,620,880 1,195,545 0.46 31 Nigeria Reinsurance Corporation 258,429 233,570 0.90 TOTAL 2,879,309 1,429,115 0.50 Nigeria Insurance Digest 2017 091

Ratio Of Management Expenses To Gross Premium Income Of Life Member Companies 2017

GROSS PREMIUM MANAGEMENT S/NO NAME OF COMPANY INCOME EXPENSES ‘000 ‘000 RATIO 1 African Alliance Insurance Plc N/A N/A N/A 2 AIICO Insurance Plc 21,678,158 3,471,851 0.16 3 Alliance & General Life Assurance Plc N/A N/A N/A 4 Arm Life Plc 4,539,175 1,169,188 0.26 5 AXA Mansard Insurance Plc 3,577,146 1,652,911 0.46 6 Capital Express Assurance Ltd. 2,297,253 953,151 0.41 7 Cornerstone Insurance Plc 1,808,739 78,275 0.04 8 Custodian Life Assurance Ltd. 12,161,883 1,324,000 0.11 9 Ensure Insurance Plc 3,112,913 1,560,344 0.50 10 FBN Insurance Limited 19,580,871 3,269,619 0.17 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 1,821,463 469,670 0.26 13 Industrial & General Insurance Plc N/A N/A N/A 14 LASACO Assurance Plc 2,266,062 471,259 0.21 15 Leadway Assurance Co. Ltd 61,288,021 3,596,498 0.06 16 Metropolitan Life Ins. Nig. Ltd. 2,059,801 1,135,760 0.55 17 Mutual Benefits Life Ass. Ltd 4,963,517 1,672,491 0.34 18 NICON Insurance Plc 79,640 110,764 1.39 19 Niger Insurance Plc 6,869,550 1,418,265 0.21 20 NSIA Insurance Limited 783,308 617,251 0.79 21 Old Mutual Nig. Life Assurance Co. Ltd. 1,929,091 1,799,776 0.93 22 Prudential Zenith Life Insurance Ltd. 3,648,406 561,783 0.15 23 Royal Exchange Prudential Life Plc 3,095,338 1,060,945 0.34 24 SpringLife AssurancePlc. N/A N/A N/A 25 Standard Alliance Ins Plc 1,983,396 63,698 0.03 26 UNIC Insurance Plc N/A N/A N/A 27 Wapic Life Ass. Ltd. 2,051,248 594,850 0.29 TOTAL 161,594,979 27,052,349 0.17 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 13,740 31 0.00 29 Noor Takaful Insurance Plc 102,286 0 0.00 TOTAL 116,026 31 0.00 REINSURANCE COMPANY 30 Continental Reinsurance Plc 3,088,308 347,435 0.11 31 Nigeria Reinsurance Corporation 259,524 58,228 0.22 TOTAL 3,347,832 405,663 0.12 092 Nigeria Insurance Digest 2017

Ratio Of Commission To Gross Premium Income Life Member Companies 2017

GROSS PREMIUM COMMISSION S/NO NAME OF COMPANY INCOME PAID ‘000 ‘000 RATIO 1 African Alliance Insurance Plc N/A N/A N/A 2 AIICO Insurance Plc 21,678,158 1,572,525 0.07 3 Alliance & General Life Assurance Plc N/A N/A N/A 4 Arm Life Plc 4,539,175 183,135 0.07 5 AXA Mansard Insurance Plc 3,577,146 331,669 0.04 6 Capital Express Assurance Ltd. 2,297,253 140,623 0.06 7 Cornerstone Insurance Plc 1,808,739 275,928 0.15 8 Custodian Life Assurance Ltd. 12,161,883 928,516 0.08 9 Ensure Insurance Plc 3,112,913 263,463 0.08 10 FBN Insurance Limited 19,580,871 3,095,316 0.16 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 1,821,463 162,589 0.09 13 Industrial & General Insurance Plc N/A N/A N/A 14 LASACO Assurance Plc 2,266,062 239,789 0.11 15 Leadway Assurance Co. Ltd 61,288,021 2,326,632 0.04 16 Metropolitan Life Ins. Nig. Ltd. 2,059,801 224,533 0.11 17 Mutual Benefits Life Ass. Ltd 4,963,517 188,045 0.04 18 NICON Insurance Plc 79,640 9,108 0.11 19 Niger Insurance Plc 6,869,550 273,024 0.04 20 NSIA Insurance Limited 783,308 108,092 0.14 21 Old Mutual Nig. Life Assurance Co. Ltd. 1,929,091 101,704 0.05 22 Prudential Zenith Life Insurance Ltd. 3,684,406 530,415 0.14 23 Royal Exchange Prudential Life Plc 3,059,338 300,724 0.10 24 SpringLife AssurancePlc. N/A N/A N/A 25 Standard Alliance Ins Plc 1,983,396 353,758 0.18 26 UNIC Insurance Plc N/A N/A N/A 27 Wapic Life Ass. Ltd. 2,051,248 239,021 0.12 TOTAL 161,594,979 11,848,609 0.07 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 13,740 185 0.01 29 Noor Takaful Insurance Plc 102,286 0 0.00 TOTAL 116,026 185 0.00 REINSURANCE COMPANY 30 Continental Reinsurance Plc 3,088,308 2,151 0.00 31 Nigeria Reinsurance Corporation 259,524 0 0.00 TOTAL 3,347,832 2,151 0.00

094 Nigeria Insurance Digest 2017

Ratio Of Investment Income To Total Investment Of Life Member Companies 2017

TOTAL INVESTMENT S/NO NAME OF COMPANY INVESTMENT INCOME ‘000 ‘000 RATIO 1 African Alliance Insurance Plc N/A N/A N/A 2 AIICO Insurance Plc 65,244,470 7,782,452 0.12 3 Alliance & General Life Assurance Plc N/A N/A N/A 4 Arm Life Plc 15,418,342 1,288,787 0.08 5 AXA Mansard Insurance Plc 14,439,679 832,369 0.06 6 Capital Express Assurance Ltd. 5,420,405 136,781 0.03 7 Cornerstone Insurance Plc 5,094,682 203,742 0.04 8 Custodian Life Assurance Ltd. 28,897,771 2,746,063 0.10 9 Ensure Insurance Plc 3,224,242 23,681 0.01 10 FBN Insurance Limited 44,417,225 3,000,083 0.07 11 Goldlink Insurance Plc N/A N/A N/A 12 Great Nigeria Insurance Plc 4,570,276 135,803 0.03 13 Industrial & General Insurance Plc N/A N/A N/A 14 LASACO Assurance Plc 4,075,601 474,055 0.12 15 Leadway Assurance Co. Ltd 173,041,315 14,177,519 0.08 16 Metropolitan Life Ins. Nig. Ltd. 6,101,152 1,038,537 0.17 17 Mutual Benefits Life Ass. Ltd 37,512,061 646,222 0.02 18 NICON Insurance Plc 19,999,493 9,874 0.00 19 Niger Insurance Plc 7,734,333 405,230 0.05 20 NSIA Insurance Limited 2,849,045 323,231 0.11 21 Old Mutual Nig. Life Assurance Co. Ltd. 5,678,387 694,921 0.12 22 Prudential Zenith Life Insurance Ltd. 8,948,100 1,367,904 0.15 23 Royal Exchange Prudential Life Plc 5,784,449 611,753 0.11 24 SpringLife AssurancePlc. N/A N/A N/A 25 Standard Alliance Ins Plc 3,540,060 112,746 0.03 26 UNIC Insurance Plc N/A N/A N/A 27 Wapic Life Ass. Ltd. 4,605,823 682,392 0.15 TOTAL 466,596,911 36,694,145 0.08 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 12,343 0 0.00 29 Noor Takaful Insurance Plc 30,104 1,244 0.04 TOTAL 42,447 1,244 0.03 REINSURANCE COMPANY 30 Continental Reinsurance Plc 0 0 0.00 31 Nigeria Reinsurance Corporation 3,740,762 39,807 0.01 TOTAL 3,740,762 39,807 0.01 Nigeria Insurance Digest 2017 095

Premium Income, Net Claims , Management Expenses , Total Investment And Investment Income Of Life Insurance Companies 2017

NET WRITTEN MANAGEMENT TOTAL INVESTMENT GROSS PREMIUM PREMIUM NET CLAIM EXPENSES INVESTMENT INCOME S/NO NAME OF COMPANY '000 '000 '000 '000 '000 '000 1 African Alliance Insurance Plc N/A N/A N/A N/A N/A N/A 2 AIICO Insurance Plc 21,678,158 21,234,650 17,075,168 3,471,851 65,244,470 7,782,452 3 Alliance & General Life Assurance Plc N/A N/A N/A N/A N/A N/A 4 Arm Life Plc 4,539,175 4,340,494 432,082 1,169,188 15,418,342 1,288,787 5 AXA Mansard Insurance Plc 3,577,146 2,472,955 1,395,349 1,652,911 14,439,679 832,369 6 Capital Express Assurance Ltd. 2,297,253 2,262,242 1,598,175 953,151 5,420,405 136,781 7 Cornerstone Insurance Plc 1,808,739 1,317,859 1,060,445 78,275 5,094,682 203,742 8 Custodian Life Assurance Ltd. 12,161,883 11,292,110 4,491,461 1,324,000 28,897,771 2,746,063 9 Ensure Insurance Plc 3,112,913 629,796 648,660 1,560,344 3,224,242 23,681 10 FBN Insurance Limited 19,580,871 17,987,841 3,551,200 3,269,619 44,417,225 3,000,083 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A N/A 12 Great Nigeria Ins Plc 1,821,463 1,814,480 643,364 469,670 4,570,276 135,803 13 Industrial & General Insurance Plc N/A N/A N/A N/A N/A N/A 14 LASACO Assurance Plc 2,266,062 1,362,230 1,291,984 471,259 4,075,601 474,055 15 Leadway Assurance Co. Plc 61,288,021 60,193,751 17,355,671 3,596,498 173,041,315 14,177,519 16 Metropolitan Life Ins. Nig. Ltd. 2,059,801 1,714,536 1,135,366 1,135,760 6,101,152 1,038,537 17 Mutual Benefits Life Assurance Ltd. 4,963,517 4,202,154 751,042 1,672,491 37,512,061 646,222 18 NICON Insurance Plc 79,640 79,640 N/A 110,764 19,999,493 9,874 19 Niger Insurance Plc 6,869,550 4,846,347 2,915,699 1,418,265 7,734,333 405,230 20 NSIA Insurance Limited 783,308 662,299 342,023 617,251 2,849,045 323,231 21 Old Mutual Nig. Life Assurance Co. Ltd. 1,929,091 1,429,009 631,208 1,799,776 5,678,387 694,921 22 Prudential Zenith Life Insurance Ltd. 3,684,406 2,746,150 1,238,449 561,783 8,948,100 1,367,904 23 Royal Exchange Prudential Life Plc 3,059,338 2,705,392 1,868,641 1,060,945 5,784,449 611,753 24 SpringLife Assurance Plc N/A N/A N/A N/A N/A N/A 25 Standard Alliance Ins Plc 1,983,396 1,749,153 1,258,024 63,698 3,540,060 112,746 26 UNIC Insurance Plc N/A N/A N/A N/A N/A N/A 27 Wapic Life Ass. Ltd. 2,051,248 1,419,772 778,663 594,850 4,605,823 682,392 Total 161,594,979 146,462,860 60,462,674 27,052,349 466,596,911 36,694,145 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 13,740 12,648 0 31 12,343 0 29 Noor Takaful Insurance Plc 102,286 99,664 60,641 0 30,104 1,244 TOTAL 116,026 112,312 60,641 31 42,447 1,244 REINSURANCE COMPANY 30 Continental Reinsurance Plc 3,088,308 2,620,880 1,195,545 347,435 0 0 31 Nigeria Reinsurance Corporation 259,524 258,429 233,570 58,228 3,740,762 39,807 TOTAL 3,347,832 2,879,309 1,429,115 405,663 3,740,762 39,807 096 Nigeria Insurance Digest 2017

Comparative Statistics Of Gross Premium Income, Claims And Management Expenses Of Life Insurance Companies (2013-2017)

The table below shows the analysis of gross premium income, gross claims paid, management expenses, claims ratio and expenses ratio in life business for five consecutive years. The gross premium includes contribution from Family Takaful, Individual Life, Group Life with inclusion of various amount collected on deposit administrative schemes/secured funds between 2013 to 2017. Management expenses includes underwriting expenses, salaries, rents and others excluding commissions to agents. A total of N161.71billion was generated as gross premium in 2017 compared to N126.70billion in 2016 representing a percentage increase of 27.64%. The gross claims increased from N61.87billion in 2016 to N72.31billion in 2017 representing a percentage increase of 16.86% while management expenses slightly increased from N26.74billion in 2016 to N27.05billion in 2017 representing a percentage increase of 1.18%

GROSS PREMIUM GROSS CLAIMS PAID MANAGEMENT CLAIMS RATIO EXPENSES RATIO EXPENSES % % YEAR '000 '000 '000 2013 80,415,942 34,306,234 20,938,650 42.66 26.04 2014 108,576,192 35,946,322 23,596,768 33.11 21.73 2015 134,067,982 50,567,904 23,082,801 37.72 17.22 2016 126,696,315 61,874,540 26,738,065 48.84 21.10 2017 161,711,005 72,307,509 27,052,380 44.71 16.73 161,711,005 134,067,982 126,696,315 108,576,192

GROSS PREMIUM '000 80,415,942

72,307,509 GROSS CLAIMS PAID '000 61,874,540 MANAGEMENT EXPENSES '000 50,567,904 34,306,234 35,946,322 27,052,380 26,738,065 23,082,801 23,596,768 20,938,650

2013 2014 2015 2016 2017 YEARS CASH AND PROPERTY CASH FINANCIALDEBTORS AND TRADEREINSURANCE AND STATUTORY OTHER S/NO NAME OF COMPANY EQUIVALENT ASSETS PREPAYMENTS RECEIVABLES ASSETSEQUIPMENT DEPOSIT ASSETS '000 '000 '000 '000 '000 '000 '000 '000 TOTAL 1 African Alliance Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 2 AIICO Insurance Plc. 2,061,352 61,435,160 3,080,270 0 303,906 4,431,407 230,000 1,944,34173,486,436 3 Alliance & General Life Assurance PlcN/A N/A N/A N/A N/A N/A N/A N/A N/A 4 Arm Life Plc 1,678,427 11,733,915 133,690 13,064 288,728 78,265 200,000 2,006,275 16,132,364 5 AXA Mansard Insurance Plc 518,500 13,521,179 63,211 108,236 1,018,945 7,065 200,000 452,075 15,889,211 6 Capital Express Assurance Ltd. 334,904 2,583,056 117,727 171,814 152,599 828,837 215,000 2,521,386 6,925,323 7 Cornerstone Insurance Plc 180,128 3,649,241 54,214 0 318,015 4,350 200,000 1,590,424 5,996,372 8 Custodian Life Assurance Ltd. 3,079,54824,834,798 607,739 6,627 768,598 2,568,749 200,000 1,094,54433,160,603 9 Ensure Insurance Plc 358,506 271,636 4,000,192 59 2,484,034 6,009 200,000 2,780,173 10,100,609 10 FBN Insurance Limited 1,153,50939,162,843 495,246 2,592 735,168 972,879 200,000 4,223,19146,945,428 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A

12 Great Nigeria Insurance Plc 1,068,186 737,389 2,338,836 99,625 3,587 4,556 200,000 2,764,701 7,216,880 Assets OfLifeInsurance Companies,2017 13 Industrial & General Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 14 LASACO Assurance Plc 1,619,199 2,281,402 1,189,763 94,212 818,955 10,981 200,000 175,000 6,389,512 15 Leadway Assurance Co. Ltd 6,207,041152,084,817 3,784,933 13,795 1,300,454 579,134 200,000 14,989,764179,159,938 16 Metropolitan Life Ins. Nig. Ltd. 779,518 5,315,962 70,120 0 331,166 135,664 200,000 478 6,832,908 17 Mutual Benefits Life Ass. Ltd 4,151,58423,953,496 622,639 0 1,070,169 364,573 200,000 9,489,74339,852,204 18 NICON Insurance Plc 1,465,918 657,187 0 0 0 6,963,606 200,000 17,876,38827,163,099 19 Niger Insurance Plc 132,413 847,670 57,135 0 1,262 1,187,179 200,000 12,871,082 15,296,741 20 NSIA Insurance Limited 244,972 2,604,073 28,629 205,256 135,291 281,482 200,000 0 3,699,703 21 Old Mutual Nig. Life Assurance Co.482,158 Ltd. 5,196,209 120,615 422 890,836 105,466 200,000 20 6,995,726 22 Prudential Zenith Life Insurance1,505,706 Ltd. 7,442,394 185,997 34,435 1,280,571 48,800 200,000 453,761 11,151,664 23 Royal Exchange Prudential Life Plc1,145,992 3,007,077 1,516,549 5,485 581,937 197,635 215,000 2,605,776 9,275,451 24 SpringLife AssurancePlc. N/A N/A N/A N/A N/A N/A N/A N/A N/A Nigeria Insurance Digest2017 25 Standard Alliance Ins Plc 786,872 138,599 105,373 0 250,547 1,586,463 200,000 2,618,489 5,686,343 26 UNIC Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 27 Wapic Life Ass. Ltd. 502,949 4,102,874 643,192 220,491 273,383 155,374 200,000 46 6,098,309 TOTAL 29,457,382365,560,977 19,216,070 976,113 13,008,15120,518,4744,260,00080,457,657533,454,824 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 12,343 0 688 0 813 0 0 0 13,844 29 Noor Takaful Insurance Plc 27,070 3,034 9,598 0 3,562 0 0 1,164 44,428 TOTAL 39,413 3,034 10,286 0 4,375 0 0 1,164 58,272 REINSURANCE COMPANY 30 Continental Reinsurance Plc 0 0 0 0 0 0 0 0 0 31 Nigeria Reinsurance Corporation 282,190 18,572 0 0 9,890 265,000 3,452,520 4,028,172

0 097 TOTAL 282,190 18,572 0 _ _ 9,890 265,000 3,452,520 4,028,172 098 Nigeria Insurance Digest 2017

Distribution Of Assets Of Life Insurance Companies (2015 - 2017)

The table below is an analysis of Assets of Life Insurance Companies from 2015-2017. It shows an increase of 11.98% in Assets of Life Insurance Companies from 2016-2017.

2015 2016 2017

ASSETS '000 '000 '000

59,968,046 41,075,049 29,496,795

CASH & CASH EQUIVALENT (13.92) (8.62) (5.53)

213,454,939 277,766,737 365,564,011

FINANCIAL ASSETS (49.56) (58.30) (68.52)

17,430,160 18,426,567 19,226,536 DEBTORS AND PREPAYMENTS (4.05) (3.87) (3.60)

435,973 962,938 976,113 TRADE RECEIVABLE (0.10) (0.20) (0.18)

8,634,680 8,833,841 13,012,526 REINSURANCE ASSETS (2.00) (1.85) (2.44)

36,812,031 37,224,501 20,518,474 PROPERTY AND EQUIPMENT (8.55) (7.81) (3.85)

5,500,000 5,499,000 4,260,000 STATUTORY DEPOSIT (1.28) (1.15) (0.80)

88,485,273 85,631,434 80,458,821 OTHER ASSETS (20.54) (17.97) (15.08)

430,721,102 476,450,676 533,513,096 TOTAL (100) (100) (100)

Assets Of Life Insurance Companies 2017

OTHER ASSETS 15%

STATUTORY CASH & CASH DEPOST EQUIVALENT 1% 6% PROPERTY AND EQUIPMENT 4% REINSURANCE ASSETS 0%

REINSURANCE 0%

DEBTORS AND PREPAYMENTS 6%

FINANCIAL ASSETS 68% INSURANCEINVESTMENT TRADE SHARE SHARE OTHER S/NO NAME OF COMPANY LIABILITIESLIABILITIES BORROWING PAYABLE CAPITAL RESERVES PREMIUM LIABILITIES TOTAL '000 '000 '000 '000 '000 '000 '000 '000 '000 1 African Alliance Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 2 AIICO Insurance Plc 53,780,464 10,909,624 2,182,289 1,148,982 1,838,863 763,358 2,046,073 816,78473,486,437 3 Alliance & General Life Assurance PlcN/A N/A N/A N/A N/A N/A N/A N/A N/A 4 Arm Life Plc 9,690,314 2,530,003 0 13,298 3,857,115 -1,418,501 795,325 664,840 16,132,394 5 AXA Mansard Insurance Plc 5,279,293 6,380,312 0 623,501 1,000,000 973,371 800,000 832,734 15,889,211 6 Capital Express Assurance Ltd. 2,748,523 1,640,668 0 7,543 2,116,595 39,597 0 372,397 6,925,323 7 Cornerstone Insurance Plc 2,757,894 2,576,612 0 126,153 0 0 0 0 5,460,659 8 Custodian Life Assurance Ltd. 22,922,415 3,514,935 0 6,548 2,000,000 3,091,791 184,717 1,440,19733,160,603 9 Ensure Insurance Plc 4,768,496 1,055,087 134,345 80,169 1,532,095 -585,334 447,064 2,668,68710,100,609

10 FBN Insurance Limited 19,614,971 13,398,544 _ 304,096 5,336,450 2,668,836 1,930,708 3,691,82346,945,428 LiabilitiesOfLifeInsurance Companies,2017 11 Goldlink Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 12 Great Nigeria Insurance Plc 1,937,397 619,394 0 29,371 620,760 1,679,158 1,093,759 1,237,041 7,216,880 13 Industrial & General Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 14 LASACO Assurance Plc 2,511,059 686,560 0 105,869 2,000,000 992,612 0 94,422 6,390,522 15 Leadway Assurance Co. Ltd 124,159,462 22,532,309 0 7,467,902 1,542,653 18,883,2684,045,922 528,421179,159,937 16 Metropolitan Life Ins. Nig. Ltd. 2,293,372 53,440 0 0 1,000,000 590,021 2,494,862 401,213 6,832,908 17 Mutual Benefits Life Ass. Ltd 5,156,574 26,551,455 0 1,661,962 250,000 1,605,947 3,750,000 876,26639,852,204 18 NICON Insurance Plc 3,614,328 17,425,872 0 0 1,533,333 -2,375,1426,958,334 6,376 27,163,101 19 Niger Insurance Plc 8,489,806 1,040,319 350,573 136,941 962,652 2,053,079 119,002 2,144,369 15,296,741 20 NSIA Insurance Limited 835,201 92,551 0 243,558 1,746,299 38,417 647,500 96,177 3,699,703 21 Old Mutual Nig. Life Assurance Co.1,806,123 Ltd. 874,101 0 296,557 4,086,490 -3,222,0132,903,691 250,777 6,995,726 22 Prudential Zenith Life Insurance3,089,229 Ltd. 449,136 0 136,319 3,000,000 4,177,679 0 299,301 11,151,664 23 Royal Exchange Prudential Life Plc5,709,261 293,555 0 94,671 3,461,339 -1,594,446 404,494 906,577 9,275,451

24 SpringLife AssurancePlc. N/A N/A N/A N/A N/A N/A N/A N/A N/A Nigeria Insurance Digest2017 25 Standard Alliance Ins Plc 2,558,220 580,445 0 142,710 2,700,000 -1,696,875 1,171,656 230,185 5,686,341 26 UNIC Insurance Plc N/A N/A N/A N/A N/A N/A N/A N/A N/A 27 Wapic Life Ass. Ltd. 2,250,873 1,063,860 0 16,834 2,700,000 -261,188 0 327,930 6,098,309 TOTAL 285,973,275114,268,782 2,667,20712,642,98443,284,644 26,403,63529,793,10717,886,517532,920,151 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 11,695 0 0 2,251 0 0 0 -101 13,845 29 Noor Takaful Insurance Plc 4,150 31,023 0 1,700 0 1,023 0 6,531 44,427 TOTAL 15,845 31,023 0 3,951 0 1,023 0 6,430 58,272 REINSURANCE COMPANY 30 Continental Reinsurance Plc 0 0 0 0 0 0 0 0 0 31 Nigeria Reinsurance Corporation 117,412 0 0 0 1,222,174 -27,294 2,556,597 159,282 4,028,171 099 TOTAL 117,412 _ _ _ 1,222,174 -27,294 2,556,597 159,282 4,028,171 100 Nigeria Insurance Digest 2017

Distribution Of Liabilities Of Life Insurance Companies 2015 - 2017

2015 2016 2017 LIABILITIES '000 '000 '000

208,248,469 234,884,393 285,989,120 INSURANCE FUNDS LIABILITIES (48.35) (49.30) (53.66) 101,602,568 120,112,272 114,299,805 INVESTMENT LIABILITIES (23.59) (25.21) (21.45)

2,283,459 2,757,595 2,667,207 BORROWING (0.53) (0.58) (0.50)

6,019,976 6,036,060 12,646,935 TRADE PAYABLE (1.40) (1.27) (2.37)

61,727,948 59,200,176 43,284,644 SHARE CAPITAL (14.33) (12.43) (8.12)

-12,107,163 -21,733,147 26,404,658 RESERVES ( -2.81) (- 4.56) (4.95)

42,289,633 52,640,921 29,793,107 SHARE PREMIUM (9.82) (11.05) (5.59)

20,645,588 22,550,973 17,892,947 OTHER LIABILITIES (4.79) (4.73) (3.36)

430,710,478 476,449,236 532,978,423 TOTAL (100) (100) (100)

Liabilities Of Life Insurance Companies 2017

SHARE PREMIUM OTHER LIABILITIES RESERVES 6% 5% 3%

SHARE CAPITAL 8%

TRADE PAYABLE 2%

BORROWING 1%

INSURANCE FUNDS LIABILITIES INVESTMENT 54% LIABILITIES 21% Nigeria Insurance Digest 2017 101

Underwriting Profit Of Life Insurance Business 2017

INDIVIDUAL GROUP LIFE ANNUITY TOTAL LIFE INSURANCE INSURANCE INSURANCE UNDERWRITING BUSINESS BUSINESS BUSINESS PROFIT NAME OF COMPANY '000 '000 '000 '000 1 African Alliance Insurance Plc N/A N/A N/A N/A 2 AIICO Insurance Plc -1,668,152 -18,417 -6,313,869 -8,000,438 3 Alliance & General Life Assurance Plc N/A N/A N/A N/A 4 Arm Life Plc 66,925 98,009 -286,708 -121,774 5 AXA Mansard Insurance Plc 118,087 572,898 57,690 748,675 6 Capital Express Assurance Ltd. -114,955 168,437 0 53,482 7 Cornerstone Insurance Plc 125,585 -435,562 0 -309,977 8 Custodian Life Assurance Ltd. -26,062 -272,348 -823,429 -1,121,839 9 Ensure Insurance Plc -99,167 135,951 -24,063 12,721 10 FBN Insurance Limited 2,642,122 414,504 324,626 3,381,252 11 Goldlink Insurance Plc N/A N/A N/A N/A 12 Great Nigeria Ins Plc -129,602 -86,207 18,892 -196,917 13 Industrial & General Insurance Plc N/A N/A N/A N/A 14 LASACO Assurance Plc 283,097 -84,722 53 198,428 15 Leadway Assurance Co. Ltd 733,427 -247,124 11,594,056 12,080,359 16 Metropolitan Life Ins. Nig. Ltd. -122,929 232,257 0 109,328 17 Mutual Benefits Life Assurance Ltd. 507,378 -143,700 0 340,238 18 NICON Insurance Plc N/A N/A N/A N/A 19 Niger Insurance Plc -1,147,256 1,092,365 85,492 30,601 20 NSIA Insurance Limited 115,787 -129,886 0 -14,099 21 Old Mutual Nig. Life Assurance Co. Ltd. 160,055 173,219 0 333,274 22 Prudential Zenith Life Insurance Ltd. -5,179 3,495,700 0 3,490,521 23 Royal Exchange Prudential Life Plc -695,735 588,156 15,858 -91,721 24 SpringLife Assurance Plc N/A N/A N/A N/A 25 Standard Alliance Ins Plc 183,892 -802,623 597,298 -21,433 26 UNIC Insurance Plc N/A N/A N/A N/A 27 Wapic Life Ass. Ltd. 3,717 66,463 0 70,180 Total 931,035 4,817,370 5,245,896 10,970,861 TAKAFUL COMPANY 28 Jaiz Takaful Insurance Plc 1,452 392 0 1,844 29 Noor Takaful Insurance Plc 3,238 3,614 0 6,852 TOTAL 4,690 4,006 0 8,696 REINSURANCE COMPANY 30 Continental Reinsurance Plc 107,491 -133,047 0 -25,556 31 Nigeria Reinsurance Corporation -6,922 -37,205 0 -44,127 TOTAL 100,569 -170,252 0 -69,683

Nigeria Insurance Digest 2017 103

Growth of Life Insurance Premium 2008 - 2017

LIFE PREMIUM YEAR `000

2008 29,327,684 2009 34,291,951 2010 39,760,889 2011 54,554,151 2012 69,965,203 2013 80,415,942 2014 108,576,192 2015 134,067,982 2016 126,696,315 2017 161,711,005 CAGR 18.62%

LIFE (BILLIONS OF NAIRA) 18.62%CAGR 180000000

160000000

140000000

120000000

100000000

80000000

60000000

40000000

20000000

0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 104 Nigeria Insurance Digest 2017

Analysis Of Industry Performance Nigeria Insurance Digest 2017 105

Underwriting Performance Of Member Companies Gross Premium, Net Premium, Profit/loss Before And Aer Tax, Total Assets (2017)

GROSS NET PROFIT/LOSS PROFIT/LOSS TOTAL PREMIUM PREMIUM BEFORE TAX AFTER TAX ASSETS 2017 2017 2017 2017 2017 S/NO NAME OF COMPANY ‘000 ‘000 ‘000 ‘000 ‘000 1 African Alliance Insurance Plc N/A N/A N/A N/A N/A 2 AIICO Insurance Plc 30,407,396 26,616,565 2,924,825 1,471,254 89,800,972 3 Alliance & General Insurance plc N/A N/A N/A N/A N/A 4 Alliance & General Life Assurance Plc N/A N/A N/A N/A N/A 5 Anchor Insurance Company Ltd. 2,221,838 1,895,682 180,284 133,333 6,239,181 6 Arm Life Plc 4,539,175 3,423,119 486,961 453,658 16,132,394 7 AXA Mansard Insurance Plc 20,602,218 9,002,041 1,446,155 1,367,821 51,272,328 8 Capital Express Assurance Ltd. 2,297,253 2,262,242 -344,981 -353,710 6,925,323 9 Consolidated Hallmark Insurance Plc 5,680,553 3,786,121 564,679 354,751 9,393,328 10 Cornerstone Insurance Plc 7,900,401 4,954,878 -2,801,173 -2,577,503 20,804,553 11 Custodian & Allied Insurance Ltd. 20,064,233 7,748,826 5,035,234 4,452,376 30,517,681 12 Custodian Life Assurance Ltd. 12,161,883 11,292,110 1,247,772 1,014,602 33,160,603 13 Ensure Insurance Plc 7,667,258 2,875,414 -773,461 -834,083 16,888,584 14 FBN General Insurance Limited 3,516,548 2,236,577 322,844 290,933 7,242,561 15 FBN Insurance Limited 19,580,871 17,987,841 4,262,284 3,381,251 46,945,428 16 Fin Insurance Company Ltd. 1,300,624 682,118 -514,426 -672,300 6,517,802 17 Goldlink Insurance Plc N/A N/A N/A N/A N/A 18 Great Nigeria Insurance Plc 2,876,620 2,442,444 450,494 406,624 12,213,662 19 Guinea Insurance Plc 967,145 693,774 237,849 251,033 4,402,946 20 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 21 International Energy Ins. Plc N/A N/A N/A N/A N/A 22 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A 23 KBL Insurance Ltd. 1,971,291 1,439,707 409,112 378,671 5,212,883 24 LASACO Assurance Plc 6,673,652 3,687,003 854,273 661,878 21,434,678 25 Law Union & Rock Ins. Plc 4,252,373 2,494,999 1,099,198 910,707 10,031,774 26 Leadway Assurance Co. Ltd. 84,189,079 69,533,282 13,448,965 12,796,661 271,948,636 27 Linkage Assurance Plc 4,102,253 2,756,505 2,996,101 2,891,268 23,308,158 28 Metropolitan Life Ins. Nig. Ltd. 2,059,801 1,714,536 156,264 141,832 6,832,908 29 Mutual Benefits Assurance Ltd 7,298,974 6,252,687 849,091 605,276 18,720,412 30 Mutual Benefits Life Assurance Ltd 4,963,517 4,202,154 346,807 314,857 39,852,204 31 NEM Insurance Plc 13,416,270 10,186,442 3,082,619 2,763,120 17,605,884 32 NICON Insurance Plc 703,955 693,955 517,740 442,894 38,159,078 33 Niger Insurance Plc 8,585,782 6,440,142 -932,397 -988,738 22,222,895 34 Nigerian Agricultural Ins. Corporation 1,562,027 1,346,675 -23,373 -23,373 9,980,229 35 NSIA Insurance Limited 5,465,713 2,511,862 640,752 402,358 15,577,652 36 Old Mutual Gen. Ins. Co. Nig. Ltd. 3,701,677 1,036,299 -358,933 -455,528 7,693,135 37 Old Mutual Nig. Life Assurance Co. Ltd. 1,929,091 1,429,009 -753,737 -787,248 6,995,726 38 Prestige Assurance Plc 3,808,516 1,690,281 697,989 531,841 11,775,553 39 Prudential Zenith Life Insurance Ltd. 3,684,406 2,746,150 1,834,356 1,592,795 11,151,664 40 Regency Alliance Insurance Plc 3,367,726 2,251,852 252,866 196,475 7,248,018 41 Royal Exchange Gen. Ins. Co. Ltd. 9,698,433 4,308,610 449,679 265,719 25,658,144 42 Royal Exchange Prudential Life Plc 3,059,338 2,705,392 -637,665 -684,319 9,275,451 43 Saham Unitrust Insurance Nig. Ltd. 2,486,736 1,043,208 814,543 425,442 12,754,506 44 Sovereign Trust Insurance Plc 8,513,503 4,358,842 202,694 157,869 10,817,675 45 Spring Life Assurance Plc. N/A N/A N/A N/A N/A 46 STACO Insurance Plc 5,224,762 3,767,2543,767,254 -782,284-782,284 -817,284-817,284 9,589,103 47 Standard Alliance Insurance Plc 4,844,892 4,129,403 65,559 58,553 13,088,310 48 Sterling Assurance Nigeria Ltd. 3,009,865 2,450,134 414,469 372,974 5,834,394 49 Sunu Assurances Nig. Plc 2,672,770 1,976,062 28,585 -3,733 10,685,712 50 UNIC Insurance Plc N/A N/A N/A N/A N/A 51 Universal Insurance Plc 753,067 597,602 666,208 634,184 12,761,657 52 Veritas Kapital Assurance Plc 2,320,768 1,738,992 -744,269 -862,102 10,235,828 53 Wapic Insurance Plc 6,388,067 3,819,974 230,625 315,644 21,328,940 54 Wapic Life Ass. Ltd. 2,051,248 1,419,772 359,817 182,915 6,098,309 55 Zenith General Insurance Co.Ltd. 10,152,454 5,436,487 4,927,757 3,968,417 34,366,366 TOTAL 364,696,022 258,065,024 43,838,751 35,530,065 1,086,703,228

TAKAFUL COMPANY 56 Jaiz Takaful Insurance Plc 118,289 88,597 0 0 80,182 57 Noor Takaful Insurance Plc 243,083 213,343 -183,234 -183,234 174,576 TOTAL 361,372 301,940 -183,234 -183,234 254,758 REINSURANCE COMPANY 58 Continental Reinsurance Plc 20,384,092 18,440,357 4,427,541 3,257,310 34,124,060 59 Nigeria Reinsurance Corporation 1,002,490 952,948 -335,411 -266,312 20,317,366 TOTAL 21,386,582 19,393,305 4,092,130 2,990,998 54,441,426 106 Nigeria Insurance Digest 2017

Underwriting Performance Of Member Companies Gross Premium Income (2015 - 2017)

GROSS GROSS GROSS MARKET % PREMIUM PREMIUM PREMIUM SHARE INCREASE / 2015 2016 2017 RANKED % DECREASE S/NO NAME OF COMPANY ‘000 ‘000 ‘000 2017 2016-2017 1 Leadway Assurance Co. Ltd. 46,648,918 52,718,567 84,189,079 23.08 59.70 2 AIICO Insurance Plc 32,449,277 26,428,520 30,407,396 8.34 15.06 3 AXA Mansard Insurance Plc 15,009,324 17,330,219 20,602,218 5.65 18.88 4 Custodian & Allied Insurance Ltd. 14,356,339 17,207,056 20,064,233 5.50 16.60 5 FBN Insurance Limited 10,307,383 9,909,681 19,580,871 5.37 97.59 6 NEM Insurance Plc 10,346,291 10,757,674 13,416,270 3.68 24.71 7 Custodian Life Assurance Ltd. 7,846,174 12,601,041 12,161,883 3.33 -3.49 8 Zenith General Insurance Co.Ltd. 8,171,513 8,441,433 10,152,454 2.78 20.27 9 Royal Exchange Gen. Ins. Co. Ltd. 6,888,637 8,995,530 9,698,433 2.66 7.81 10 Niger Insurance Plc 10,496,778 5,962,510 8,585,782 2.35 44.00 11 Sovereign Trust Insurance Plc 7,132,224 6,399,854 8,513,503 2.33 33.03 12 Cornerstone Insurance Plc 7,211,936 8,389,950 7,900,401 2.17 -5.83 13 Ensure Insurance Plc 2,876,443 4,194,782 7,667,258 2.10 82.78 14 Mutual Benefits Assurance Ltd 10,541,503 6,586,848 7,298,974 2.00 10.81 15 LASACO Assurance Plc 5,102,097 6,041,590 6,673,652 1.83 10.46 16 Wapic Insurance Plc 5,212,598 5,375,429 6,388,067 1.75 18.84 17 Consolidated Hallmark Insurance Plc 6,039,452 5,826,950 5,680,553 1.56 -2.51 18 NSIA Insurance Limited 5,617,226 4,516,545 5,465,713 1.50 21.02 19 STACO Insurance Plc 5,730,161 4,794,411 5,224,762 1.43 8.98 20 Mutual Benefits Life Assurance Ltd 3,337,711 4,351,455 4,963,517 1.36 14.07 21 Standard Alliance Insurance Plc 5,235,571 4,378,185 4,844,892 1.33 10.66 22 Arm Life Plc 3,337,916 2,753,913 4,539,175 1.24 64.83 23 Law Union & Rock Ins. Plc 3,858,097 3,935,578 4,252,373 1.17 8.05 24 Linkage Assurance Plc 3,054,745 4,032,083 4,102,253 1.12 1.74 25 Prestige Assurance Plc 2,430,533 2,614,264 3,808,516 1.04 45.68 26 Old Mutual Gen. Ins. Co. Nig. Ltd. 3,104,096 3,385,923 3,701,677 1.02 9.33 27 Prudential Zenith Life Insurance Ltd. 3,363,440 3,270,883 3,684,406 1.01 12.64 28 FBN General Insurance Linited 1,811,112 2,193,274 3,516,548 0.96 60.33 29 Regency Alliance Insurance Plc 3,329,094 3,100,740 3,367,726 0.92 8.61 30 Royal Exchange Prudential Life Plc 3,570,916 3,350,588 3,059,338 0.84 -8.69 31 Sterling Assurance Nigeria Ltd. 2,480,611 2,716,279 3,009,865 0.83 10.81 32 Great Nigeria Insurance Plc 2,753,809 2,124,553 2,876,620 0.79 35.40 33 Sunu Assurances Nig. Plc 2,476,047 2,014,077 2,672,770 0.73 32.70 34 Saham Unitrust Insurance Nig. Ltd. 2,456,292 1,929,287 2,486,736 0.68 28.89 35 Veritas Kapital Assurance Plc 2,651,719 2,042,788 2,320,768 0.64 13.61 36 Capital Express Assurance Ltd. 4,931,955 2,237,599 2,297,253 0.63 2.67 37 Anchor Insurance Company Ltd. 2,342,038 2,049,087 2,221,838 0.61 8.43 38 Metropolitan Life Ins. Nig. Ltd. 2,289,935 2,036,522 2,059,801 0.56 1.14 39 Wapic Life Ass. Ltd. 1,221,346 1,455,472 2,051,248 0.56 40.93 40 KBL Insurance Ltd. 1,801,328 1,935,725 1,971,291 0.54 1.84 41 Old Mutual Nig. Life Assurance Co. Ltd. 1,741,115 1,300,184 1,929,091 0.53 48.37 42 Nigerian Agricultural Ins. Corporation 1,037,268 1,836,363 1,562,027 0.43 -14.94 43 Fin Insurance Company Ltd. 757,594 800,683 1,300,624 0.36 62.44 44 Guinea Insurance Plc 870,287 906,692 967,145 0.27 6.67 45 Universal Insurance Plc 728,685 536,526 753,067 0.21 40.36 46 NICON Insurance Plc 1,039,295 1,039,295 703,955 0.19 -32.27 47 African Alliance Insurance Plc 10,131,775 12,963,414 N/A N/A N/A 48 Industrial & General Insurance Plc 5,423,549 5,423,549 N/A N/A N/A 49 International Energy ins. Plc 3,847,583 3,847,583 N/A N/A N/A 50 Goldlink Insurance Plc 3,127,981 3,127,981 N/A N/A N/A 51 Alliance & General Insurance plc 2,368,997 2,368,997 N/A N/A N/A 52 Alliance & General Life Assurance Plc 1,362,639 1,362,639 N/A N/A N/A 53 UNIC Insurance Plc 259,313 38,768 N/A N/A N/A 54 SpringLife AssurancePlc. 32,000 32,000 N/A N/A N/A 55 Investment & Allied Ins. Plc 4,399 4,399 N/A N/A N/A TOTAL 312,555,065 315,975,938 364,696,022 100 15.42

TAKAFUL COMPANY 56 Jaiz Takaful Insurance Plc 0 0 118,289 32.73 0 57 Noor Takaful Insurance Plc 0 0 243,083 67.27 0 TOTAL 0 0 361,372 100 0 REINSURANCE COMPANY 58 Continental Reinsurance Plc 15,366,113 17,374,826 20,384,092 95.31 17.32 59 Nigeria Reinsurance Corporation 700,700 625,111 1,002,490 4.69 60.37 TOTAL 16,066,813 17,999,937 21,386,582 100 18.81 Nigeria Insurance Digest 2017 107

Underwriting Performance Of Member Companies Net Premium Income (2013-2017)

NET NET NET NET NET PREMIUM PREMIUM PREMIUM PREMIUM PREMIUM 2013 2014 2015 2016 2017 S/NO NAME OF COMPANY ‘000 ‘000 ‘000 ‘000 ‘000 1 African Alliance Insurance Co. Ltd 6,559,254 10,065,669 10,065,669 12,952,501 N/A 2 AIICO Insurance Plc 18,049,958 28,568,226 28,787,115 23,086,756 26,616,565 3 Alliance & General Insurance Co Ltd 2,070,797 2,070,797 2,070,797 2,070,797 N/A 4 Alliance & General Life Assurance Plc 1,362,467 1,362,467 1,362,467 1,362,467 N/A 5 Anchor Insurance Company Ltd. 1,495,180 1,599,206 1,879,377 1,745,995 1,895,682 6 Arm Life Plc 863,336 3,175,200 3,180,364 2,605,385 3,423,119 7 AXA Mansard Insurance Plc 7,901,757 9,009,841 8,056,811 8,030,193 9,002,041 8 Capital Express Assurance Ltd. 3,346,234 1,870,907 3,412,559 1,760,925 2,262,242 9 Consolidated Hallmark Insurance Plc 2,727,450 2,649,526 3,381,960 3,738,925 3,786,121 10 Cornerstone Insurance Plc 2,872,479 3,392,157 5,323,487 5,444,570 4,954,878 11 Custodian & Allied Insurance Ltd. 10,284,842 4,426,287 5,746,710 7,679,664 7,748,826 12 Custodian Life Assurance Ltd. 2,297,055 2,517,091 7,563,570 11,966,833 11,292,110 13 Ensure Insurance Plc 2,701,856 3,129,268 2,176,010 2,110,963 2,875,414 14 FBN General Insurance Limited 1,017,426 1,315,470 1,068,219 1,334,039 2,236,577 15 FBN Insurance Limited 3,673,182 6,856,077 9,942,935 9,594,280 17,987,841 16 Fin Insurance Company Ltd. 652,932 598,727 478,136 515,849 682,118 17 Goldlink Insurance Plc 3,630,930 2,732,472 2,732,472 2,732,472 N/A 18 Great Nigeria Insurance Plc 2,543,563 2,413,804 2,413,804 1,640,642 2,442,444 19 Guinea Insurance Plc 985,182 850,603 617,517 642,875 693,774 20 Industrial & General Insurance Plc 4,521,813 3,794,327 3,794,327 3,794,327 N/A 21 International Energy Ins. Plc 4,019,639 4,096,283 2,671,766 2,671,766 N/A 22 Investment & Allied Ins. Plc 4,399 4,399 4,399 4,399 N/A 23 KBL Insurance Ltd. 1,224,404 1,537,673 1,294,307 1,274,172 1,439,707 24 LASACO Assurance Plc 3,609,819 3,151,034 1,758,699 1,783,590 3,687,003 25 Law Union & Rock Ins. Plc 2,538,774 2,924,633 2,713,526 2,547,494 2,494,999 26 Leadway Assurance Co. Ltd. 31,128,445 26,798,248 35,523,511 40,320,170 69,533,282 27 Linkage Assurance Plc 2,143,276 1,876,534 1,876,534 2,907,558 2,756,505 28 Metropolitan Life Ins. Nig. Ltd. 1,435,114 1,558,407 2,022,538 1,668,278 1,714,536 29 Mutual Benefits Assurance Plc 4,448,312 5,283,657 4,581,656 5,071,372 6,252,687 30 Mutual Benefits Life Ass. Ltd 2,458,683 3,432,971 3,242,425 4,178,274 4,202,154 31 NEM Insurance Plc 7,936,798 7,936,798 8,270,205 8,641,958 10,186,442 32 NICON Insurance Plc 1,343,514 941,814 941,814 941,814 693,955 33 Niger Insurance Plc 9,455,675 10,556,891 10,178,783 5,552,405 6,440,142 34 Nigerian Agricultural Ins. Corporation 717,584 1,039,360 864,783 1,575,734 1,346,675 35 NSIA Insurance Limited 2,934,509 3,730,608 3,340,895 2,405,098 2,511,862 36 Old Mutual Gen. Ins. Co. Nig. Ltd. 900,682 1,296,008 1,245,958 1,417,700 1,036,299 37 Old Mutual Nig. Life Assurance Co. Ltd. 461,616 571,251 956,252 1,150,857 1,429,009 38 Prestige Assurance Plc 1,242,162 1,207,615 924,893 1,184,657 1,690,281 39 Prudential Zenith Life Insurance Ltd. 1,280,425 1,749,252 2,710,288 2,582,593 2,746,150 40 Regency Alliance Insurance Plc 2,303,363 2,094,967 2,269,002 1,654,588 2,251,852 41 Royal Exchange Gen. Ins. Co. Ltd. 4,349,550 4,671,692 4,631,228 4,655,633 4,308,610 42 Royal Exchange Prudential Life Plc 1,940,992 2,030,024 3,158,151 3,068,144 2,705,392 43 Saham Unitrust Insurance Nig. Ltd. 1,608,822 1,623,476 1,277,468 995,633 1,043,208 44 Sovereign Trust Insurance Plc 5,545,186 4,235,913 4,074,106 3,620,280 4,358,842 45 SpringLife AssurancePlc. 31,718 31,718 31,718 31,718 N/A 46 STACO Insurance Plc 4,970,001 4,494,824 4,262,680 3,241,226 3,767,254 47 Standard Alliance Insurance Plc 4,421,368 4,879,207 3,896,276 3,686,170 4,129,403 48 Sterling Assurance Nigeria Ltd. 2,399,293 1,796,253 1,831,272 2,075,311 2,450,134 49 Sunu Assurances Nig. Plc 2,523,266 2,476,894 1,486,929 1,320,620 1,976,062 50 UNIC Insurance Plc 249,754 249,754 249,754 37,562 N/A 51 Universal Insurance Plc 580,000 646,485 586,369 455,296 597,602 52 Veritas Kapital Assurance Plc 2,335,910 2,425,821 2,063,127 1,407,397 1,738,992 53 Wapic Insurance Plc 1,619,973 2,377,254 3,345,501 2,679,203 3,819,974 54 Wapic Life Ass. Ltd. 599,566 545,882 1,057,160 1,139,275 1,419,772 55 Zenith General Insurance Co.Ltd. 3,911,661 4,423,786 4,821,182 4,701,243 5,436,487 TOTAL 198,231,946 211,095,508 228,219,461 227,459,646 258,065,024

TAKAFUL COMPANY 56 Jaiz Takaful Insurance Plc 0 0 0 0 88,597 57 Noor Takaful Insurance Plc 0 0 0 0 213,343 TOTAL 0 0 0 0 301,940 REINSURANCE COMPANY 58 Continental Reinsurance Plc 12,462,846 11,531,613 13,611,310 14,773,735 18,440,357 59 Nigeria Reinsurance Corporation 405,971 727,003 625,220 565,039 952,948 TOTAL 12,868,817 12,258,616 14,236,530 15,338,774 19,393,305 108 Nigeria Insurance Digest 2017

Underwriting Performance Of Member Companies Profit/loss Before Tax, (2013-2017)

PROFIT/LOSS PROFIT/LOSS PROFIT/LOSS PROFIT/LOSS PROFIT/LOSS BEFORE TAX BEFORE TAX BEFORE TAX BEFORE TAX BEFORE TAX 2013 2014 2015 2016 2017 S/NO NAME OF COMPANY ‘000 ‘000 ‘000 ‘000 ‘000 1 African Alliance Insurance Co. Ltd -2,961,883 764,481 764,481 3,808,015 N/A 2 AIICO Insurance Plc -1,510,962 3,110,192 1,448,082 11,195,787 2,924,825 3 Alliance & General Insurance Co Ltd -450,596 -450,596 -450,596 -450,596 N/A 4 Alliance & General Life Assurance Plc -160,001 -160,001 -160,001 -160,001 N/A 5 Anchor Insurance Company Ltd. 288,012 389,995 301,127 321,018 180,284 6 Arm Life Plc -839,880 -902,935 -493,928 123,212 486,961 7 AXA Mansard Insurance Plc 867,338 1,026,336 689,243 1,263,784 1,446,155 8 Capital Express Assurance Ltd. -99,364 16,008 54,871 -323,619 -344,981 9 Consolidated Hallmark Insurance Plc -193,149 188,048 686,997 361,281 564,679 10 Cornerstone Insurance Plc 916,891 1,373,643 -341,874 -1,516,213 -2,801,173 11 Custodian & Allied Insurance Ltd. 2,543,208 2,662,281 3,543,724 4,561,184 5,035,234 12 Custodian Life Assurance Ltd. 78,982 1,003,983 15,496 1,035,753 1,247,772 13 Ensure Insurance Plc -894,336 -1,629,634 -705,377 1,092,271 -773,461 14 FBN General Insurance Limited -60,656 271,530 234,784 194,661 322,844 15 FBN Insurance Limited 520,451 1,125,478 1,844,023 3,156,748 4,262,284 16 Fin Insurance Company Ltd. 240,822 -136,438 274,667 217,837 -514,426 17 Goldlink Insurance Plc -346,987 -414,652 -414,652 -414,652 N/A 18 Great Nigeria Insurance Plc 1,275,503 -67,953 -67,953 -444,589 450,494 19 Guinea Insurance Plc 300,282 -14,372 46,906 138,205 237,849 20 Industrial & General Insurance Plc -2,188,231 -3,786,630 -3,786,630 -3,786,630 N/A 21 International Energy Ins. Plc 330,045 -1,871,233 -698,383 -698,383 N/A 22 Investment & Allied Ins. Plc -127,779 -127,779 -127,779 -127,779 N/A 23 KBL Insurance Ltd. 226,631 147,072 125,024 -168,153 409,112 24 LASACO Assurance Plc 412,807 525,856 404,113 1,142,880 854,273 25 Law Union & Rock Ins. Plc 459,938 259,830 328,498 658,643 1,099,198 26 Leadway Assurance Co. Ltd. 2,732,306 3,394,792 6,484,945 7,361,449 13,448,965 27 Linkage Assurance Plc 563,062 580,846 580,846 942,682 2,996,101 28 Metropolitan Life Ins. Nig. Ltd. 328,182 255,008 695,901 -68,783 156,264 29 Mutual Benefits Assurance Plc 665,282 2,605,488 901,266 -1,248,946 849,091 30 Mutual Benefits Life Ass. Ltd 126,693 590,863 151,832 156,861 346,807 31 NEM Insurance Plc 506,889 1,740,084 559,362 2,186,057 3,082,619 32 NICON Insurance Plc -60,252 -11,505,122 -11,505,122 -11,505,122 517,740 33 Niger Insurance Plc 674,305 638,465 703,946 93,819 -932,397 34 Nigerian Agricultural Ins. Corporation 685,892 394,950 -194,264 200,859 -23,373 35 NSIA Insurance Limited 1,048,507 1,326,945 812,176 253,363 640,752 36 Old Mutual Gen. Ins. Co. Nig. Ltd. -4,447 147,815 13,043 -858,748 -358,933 37 Old Mutual Nig. Life Assurance Co. Ltd. -370,231 -1,200,586 -405,360 -1,172,351 -753,737 38 Prestige Assurance Plc 127,484 176,755 20,339 340,394 697,989 39 Prudential Zenith Life Insurance Ltd. 981,553 1,373,090 867,407 1,006,642 1,834,356 40 Regency Alliance Insurance Plc 705,141 304,407 494,695 532,928 252,866 41 Royal Exchange Gen. Ins. Co. Ltd. 539,520 159,413 140,798 285,414 449,679 42 Royal Exchange Prudential Life Plc 130,482 162,909 -818,526 -616,221 -637,665 43 Saham Unitrust Insurance Nig. Ltd. 1,892,738 1,897,686 1,312,715 1,315,299 814,543 44 Sovereign Trust Insurance Plc 274,859 326,021 454,846 44,975 202,694 45 SpringLife AssurancePlc. -365,555 -365,555 -365,555 -365,555 N/A 46 STACO Insurance Plc 570,017 137,683 62,340 -1,783,598 -782,284 47 Standard Alliance Insurance Plc -1,196,652 -3,491,070 847,936 -1,343,962 65,559 48 Sterling Assurance Nigeria Ltd. -544,889 -123,012 130,359 385,965 414,469 49 Sunu Assurances Nig. Plc -752,133 161,050 -695,571 -188,967 28,585 50 UNIC Insurance Plc -205,852 -205,852 -205,852 -394,625 N/A 51 Universal Insurance Plc 345,404 -447,789 -447,789 121,680 666,208 52 Veritas Kapital Assurance Plc 222,471 175,023 411,081 268,953 -744,269 53 Wapic Insurance Plc -209,850 274,828 1,036,327 514,553 230,625 54 Wapic Life Ass. Ltd. -378,138 423,046 40,027 -58,420 359,817 55 Zenith General Insurance Co.Ltd. 2,191,950 3,152,978 5,734,785 7,064,083 4,927,757 TOTAL 9,851,824 6,363,669 11,333,796 24,651,342 43,838,751

TAKAFUL COMPANY 56 Jaiz Takaful Insurance Plc 0 0 0 0 0 57 Noor Takaful Insurance Plc 0 0 0 0 -183,234 TOTAL 0 0 0 0 -183,234 REINSURANCE COMPANY 58 Continental Reinsurance Plc 2,001,410 1,279,994 2,540,244 3,835,712 4,427,541 59 Nigeria Reinsurance Corporation 191,654 73,066 526,340 923,132 -335,411 TOTAL 2,193,064 1,353,060 3,066,584 4,758,844 4,092,130 Nigeria Insurance Digest 2017 109

Underwriting Performance Of Member Companies Profit/loss Aer Tax, (2013-2017)

PROFIT/LOSS PROFIT/LOSS PROFIT/LOSS PROFIT/LOSS PROFIT/LOSS AFTER TAX AFTER TAX AFTER TAX AFTER TAX AFTER TAX 2013 2014 2015 2016 2017 S/NO NAME OF COMPANY ‘000 ‘000 ‘000 ‘000 ‘000 1 African Alliance Insurance Co. Ltd -3,022,867 630,161 630,161 3,537,386 N/A 2 AIICO Insurance Plc -930,157 2,131,893 966,465 9,682,116 1,471,254 3 Alliance & General Insurance Co Ltd -450,596 -450,596 -450,596 -450,596 N/A 4 Alliance & General Life Assurance Plc -171,158 -171,158 -171,158 -171,158 N/A 5 Anchor Insurance Company Ltd. 268,837 309,906 204,766 227,540 133,333 6 Arm Life Plc -934,809 -1,042,428 -529,245 106,826 453,658 7 AXA Mansard Insurance Plc 959,868 640,455 466,108 1,040,377 1,367,821 8 Capital Express Assurance Ltd. -109,245 4,330 444 -337,236 -353,710 9 Consolidated Hallmark Insurance Plc -207,112 185,053 534,279 197,923 354,751 10 Cornerstone Insurance Plc 908,135 1,265,825 -545,248 -1,889,787 -2,577,503 11 Custodian & Allied Insurance Ltd. 2,065,076 2,197,842 2,801,671 3,383,525 4,452,376 12 Custodian Life Assurance Ltd. 79,109 1,014,485 -176,834 915,753 1,014,602 13 Ensure Insurance Plc -1,203,956 -1,668,104 -726,758 1,052,743 -834,083 14 FBN General Insurance Limited -71,836 167,555 188,578 132,793 290,933 15 FBN Insurance Limited 433,599 953,186 1,671,213 2,232,189 3,381,251 16 Fin Insurance Company Ltd. 20,729 -130,440 288,604 123,085 -672,300 17 Goldlink Insurance Plc -362,806 -529,207 -529,207 -529,207 N/A 18 Great Nigeria Insurance Plc 903,096 -101,697 -101,697 -475,087 406,624 19 Guinea Insurance Plc 39,835 -81,898 -7,227 2,520 251,033 20 Industrial & General Insurance Plc -2,333,199 -3,172,422 -3,172,422 -3,172,422 N/A 21 International Energy Ins. Plc 330,045 -2,164,762 -710,009 -710,009 N/A 22 Investment & Allied Ins. Plc -205,708 -205,708 -205,708 -205,708 N/A 23 KBL Insurance Ltd. 90,711 176,150 -97,984 -141,560 378,671 24 LASACO Assurance Plc 275,340 445,745 283,320 944,461 661,878 25 Law Union & Rock Ins. Plc 485,432 125,435 280,919 561,851 910,707 26 Leadway Assurance Co. Ltd. 1,718,079 2,809,577 6,379,933 6,661,957 12,796,661 27 Linkage Assurance Plc 414,282 324,997 324,997 544,564 2,891,268 28 Metropolitan Life Ins. Nig. Ltd. 318,764 239,139 674,889 -80,968 141,832 29 Mutual Benefits Assurance Plc 530,083 2,243,768 652,613 -1,390,527 605,276 30 Mutual Benefits Life Ass. Ltd 77,420 569,090 107,246 70,094 314,857 31 NEM Insurance Plc 368,908 1,507,179 685,460 1,848,616 2,763,120 32 NICON Insurance Plc -60,252 -11,362,126 -11,362,126 -11,362,126 442,894 33 Niger Insurance Plc 599,472 538,775 569,188 50,654 -988,739 34 Nigerian Agricultural Ins. Corporation 685,892 394,950 -194,264 200,859 -23,373 35 NSIA Insurance Limited 876,568 1,109,841 538,314 277,018 402,358 36 Old Mutual Gen. Ins. Co. Nig. Ltd. -30,872 103,143 -62,947 -964,427 -455,528 37 Old Mutual Nig. Life Assurance Co. Ltd. -444,676 -1,274,501 -431,982 -1,296,415 -787,248 38 Prestige Assurance Plc -90,836 14,187 145,295 221,992 531,841 39 Prudential Zenith Life Insurance Ltd. 840,830 1,131,927 1,040,737 754,755 1,592,795 40 Regency Alliance Insurance Plc 403,603 294,908 333,329 470,594 196,475 41 Royal Exchange Gen. Ins. Co. Ltd. 611,578 57,109 -203,660 84,064 265,719 42 Royal Exchange Prudential Life Plc 78,027 140,430 -847,330 -630,370 -684,319 43 Saham Unitrust Insurance Nig. Ltd. 1,380,958 1,392,909 1,236,959 786,905 425,442 44 Sovereign Trust Insurance Plc 346,930 294,943 582,209 23,592 157,869 45 SpringLife AssurancePlc. -371,567 -371,567 -371,567 -371,567 N/A 46 STACO Insurance Plc 481,334 95,980 14,393 -1,888,598 -817,284 47 Standard Alliance Insurance Plc -1,307,243 -3,612,855 916,377 -1,470,727 58,553 48 Sterling Assurance Nigeria Ltd. -595,354 -165,343 96,016 341,756 372,974 49 Sunu Assurances Nig. Plc -773,660 87,657 -745,930 -251,785 -3,733 50 UNIC Insurance Plc -234,128 -234,128 -234,128 -416,964 N/A 51 Universal Insurance Plc 303,955 -472,170 -472,170 90,043 634,184 52 Veritas Kapital Assurance Plc 264,021 141,476 340,503 214,670 -862,102 53 Wapic Insurance Plc 31,476 5,217 624,185 91,974 315,644 54 Wapic Life Ass. Ltd. -189,314 106,574 60,854 -214,953 182,915 55 Zenith General Insurance Co.Ltd. 1,906,936 2,667,589 4,843,598 6,568,492 3,968,417 TOTAL 4,997,577 -691,724 6,133,426 15,021,490 35,530,064

TAKAFUL COMPANY 56 Jaiz Takaful Insurance Plc 0 0 0 0 0 57 Noor Takaful Insurance Plc 0 0 0 0 -183,234 TOTAL 0 0 0 0 -183,234 REINSURANCE COMPANY 58 Continental Reinsurance Plc 1,586,457 661,523 1,934,387 2,514,962 3,257,310 59 Nigeria Reinsurance Corporation 108,959 89,112 537,647 848,989 -266,312 TOTAL 1,695,416 750,635 2,472,034 3,363,951 2,990,998 110 Nigeria Insurance Digest 2017

Share Capital Of Member Companies (2013 - 2017)

SHARE SHARE SHARE SHARE SHARE CAPITAL CAPITAL CAPITAL CAPITAL CAPITAL 2013 2014 2015 2016 2017 S/NO NAME OF COMPANY `000 `000 `000 `000 `000 1 African Alliance Insurance Plc 10,292,500 10,292,500 10,292,500 10,292,500 N/A 2 AIICO Insurance Plc 3,465,102 3,465,102 3,465,102 3,465,102 3,465,102 3 Alliance & General Insurance Co Ltd 3,000,000 3,000,000 3,000,000 3,000,000 N/A 4 Alliance & General Life Assurance Plc 2,000,000 2,000,000 2,000,000 2,000,000 N/A 5 Anchor Insurance Company Ltd. 2,245,000 2,245,000 2,245,000 2,245,000 2,245,000 6 Arm Life Plc 2,892,836 2,892,836 2,892,836 3,857,115 3,857,115 7 AXA Mansard Insurance Plc 5,000,000 5,250,000 5,250,000 5,250,000 5,250,000 8 Capital Express Assurance Ltd. 2,000,000 2,000,000 2,000,000 2,116,595 2,116,595 9 Consolidated Hallmark Insurance Plc 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 10 Cornerstone Insurance Plc 4,410,005 4,410,005 4,410,005 7,364,754 7,364,754 11 Custodian & Allied Insurance Ltd. 3,080,353 3,500,000 3,500,000 3,500,000 3,500,000 12 Custodian Life Assurance Ltd. 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000 13 Ensure Insurance Plc 3,757,549 3,757,549 3,757,549 3,757,549 3,757,549 14 FBN General Insurance Limited 3,251,753 3,251,753 3,751,753 3,751,753 3,751,753 15 FBN Insurance Limited 3,480,000 3,480,000 5,336,450 5,336,450 5,336,450 16 Fin Insurance Company Ltd. 3,300,000 3,300,000 3,300,000 3,300,000 3,300,000 17 Goldlink Insurance Plc 2,274,974 2,274,974 2,274,974 2,274,974 N/A 18 Great Nigeria Insurance Plc 1,913,742 1,913,742 1,913,742 1,913,742 1,913,742 19 Guinea Insurance Plc 3,070,000 3,070,000 3,070,000 3,070,000 3,070,000 20 Industrial & General Insurance Plc 7,115,619 7,115,619 7,115,619 7,115,619 N/A 21 International Energy Ins. Plc 642,043 642,043 642,043 642,043 N/A 22 Investment & Allied Ins. Plc 14,000,000 14,000,000 14,000,000 14,000,000 N/A 23 KBL Insurance Ltd. 3,586,051 3,586,051 3,586,051 3,586,051 3,586,051 24 LASACO Assurance Plc 5,667,172 5,667,172 5,667,172 5,667,172 5,667,172 25 Law Union & Rock Ins. Plc 1,718,665 1,718,665 1,718,665 1,718,665 2,148,165 26 Leadway Assurance Co. Ltd. 4,389,798 4,389,798 4,389,798 4,682,450 4,682,450 27 Linkage Assurance Plc 3,999,396 3,999,396 3,999,396 3,999,999 3,999,999 28 Metropolitan Life Ins. Nig. Ltd. 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 29 Mutual Benefits Assurance Plc 4,000,000 4,000,000 3,999,750 4,000,000 4,000,000 30 Mutual Benefits Life Ass. Ltd 150,000 150,000 150,000 250,000 250,000 31 NEM Insurance Plc 2,640,251 2,640,251 2,640,251 2,640,251 2,640,251 32 NICON Insurance Plc 3,666,667 3,805,129 3,805,129 3,805,129 3,805,129 33 Niger Insurance Plc 3,869,747 3,869,747 3,869,747 3,869,747 3,869,747 34 Nigerian Agricultural Ins. Corporation 2,500,000 2,500,000 2,500,000 2,500,000 2,500,000 35 NSIA Insurance Limited 4,567,350 4,567,360 4,567,360 4,567,360 4,567,360 36 Old Mutual Gen. Ins. Co. Nig. Ltd. 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 37 Old Mutual Nig. Life Assurance Co. Ltd. 2,001,000 2,001,000 5,786,490 2,000,000 4,086,490 38 Prestige Assurance Plc 1,254,157 1,254,157 2,685,216 2,685,216 2,685,216 39 Prudential Zenith Life Insurance Ltd. 2,000,000 2,000,000 2,000,000 2,000,000 3,000,000 40 Regency Alliance Insurance Plc 3,334,375 3,334,375 3,334,375 3,334,375 3,334,375 41 Royal Exchange Gen. Ins. Co. Ltd. 3,716,667 4,366,667 4,366,667 4,366,667 5,366,667 42 Royal Exchange Prudential Life Plc 2,161,339 2,161,339 2,161,339 2,161,339 3,461,339 43 Saham Unitrust Insurance Nig. Ltd. 3,000,000 3,300,000 3,300,000 3,300,000 3,300,000 44 Sovereign Trust Insurance Plc 3,435,879 3,435,879 4,146,052 4,170,412 4,170,412 45 SpringLife AssurancePlc. 1,500,000 1,500,000 1,500,000 1,500,000 N/A 46 STACO Insurance Plc 3,070,544 3,070,544 3,070,544 4,670,544 4,670,544 47 Standard Alliance Insurance Plc 8,696,587 8,696,587 8,696,587 8,696,587 6,455,515 48 Sterling Assurance Nigeria Ltd. 3,711,345 4,034,857 4,050,351 4,050,351 4,050,351 49 Sunu Assurances Nig. Plc 4,423,649 4,423,649 7,000,000 7,000,000 7,000,000 50 UNIC Insurance Plc 1,291,148 1,291,148 1,291,148 1,291,148 N/A 51 Universal Insurance Plc 8,000,000 8,000,000 8,000,000 8,000,000 8,000,000 52 Veritas Kapital Assurance Plc 6,933,333 6,933,333 6,933,333 6,933,333 6,933,333 53 Wapic Insurance Plc 6,691,369 6,691,369 6,691,369 6,691,369 6,691,369 54 Wapic Life Ass. Ltd. 2,500,000 2,700,000 2,700,000 2,700,000 2,700,000 55 Zenith General Insurance Co.Ltd. 1,450,000 1,450,000 1,450,000 1,450,000 1,450,000 TOTAL 200,117,965 202,399,596 213,274,363 215,541,361 176,999,995 TAKAFUL COMPANY 56 Jaiz Takaful Insurance Plc 0 0 0 0 200,000 57 Noor Takaful Insurance Plc 0 0 0 0 200,000 TOTAL 0 0 0 0 400,000 REINSURANCE COMPANY 58 Continental Reinsurance Plc 5,186,372 5,186,372 5,186,372 5,186,372 5,186,372 59 Nigeria Reinsurance Corporation 2,258,605 3,387,908 4,404,280 4,404,280 4,404,280 TOTAL 7,444,977 8,574,280 9,590,652 9,590,652 9,590,652

112 Nigeria Insurance Digest 2017

Shareholders' Fund Of Member Companies (2013 -2017)

SHARE SHARE SHARE SHARE SHARE HOLDERS’ HOLDERS’ HOLDERS’ HOLDERS’ HOLDERS' FUNDS FUNDS FUNDS FUNDS FUNDS 2013 2014 2015 2016 2017 S/NO NAME OF COMPANY ‘000 ‘000 ‘000 ‘000 ‘000 1 African Alliance Insurance Plc 4,584,380 5,270,215 5,270,215 3,602,751 N/A 2 AIICO Insurance Plc 10,642,161 11,634,729 9,444,775 7,932,941 10,322,233 3 Alliance & General Insurance Co Ltd 5,281,617 5,281,617 5,281,617 5,281,617 N/A 4 Alliance & General Life Assurance Plc 2,743,620 2,743,620 2,743,620 2,743,620 N/A 5 Anchor Insurance Company Ltd. 4,147,465 4,390,021 4,522,386 4,749,926 5,071,649 6 Arm Life Plc 1,943,361 2,289,181 1,740,046 2,751,618 3,233,939 7 AXA Mansard Insurance Plc 13,524,632 14,047,595 15,396,659 14,581,745 16,555,566 8 Capital Express Assurance Ltd. 2,080,320 2,057,659 2,075,812 2,164,210 2,156,192 9 Consolidated Hallmark Insurance Plc 3,629,746 2,297,047 6,964,201 4,367,001 4,601,752 10 Cornerstone Insurance Plc 6,966,265 6,966,265 10,142,477 8,309,516 6,196,001 11 Custodian & Allied Insurance Ltd. 10,082,995 10,494,326 11,968,436 13,818,260 16,199,301 12 Custodian Life Assurance Ltd. 3,194,718 3,194,718 3,611,029 4,046,023 5,276,508 13 Ensure Insurance Plc 3,261,665 5,292,724 5,195,123 6,227,584 5,411,457 14 FBN General Insurance Limited 3,191,803 3,555,395 3,978,886 4,104,659 4,481,467 15 FBN Insurance Limited 3,681,627 4,245,601 9,495,858 7,783,583 9,935,994 16 Fin Insurance Company Ltd. 4,783,510 4,861,858 4,952,067 4,985,223 4,443,824 17 Goldlink Insurance Plc 6,338,862 -3,901,836 -3,901,836 -3,901,836 N/A 18 Great Nigeria Insurance Plc 5,352,912 5,318,376 5,318,376 5,425,282 5,845,681 19 Guinea Insurance Plc 2,982,953 2,896,428 2,899,952 2,897,745 3,406,135 20 Industrial & General Insurance Plc 13,546,071 10,729,931 10,729,931 10,729,931 N/A 21 International Energy Ins. Plc 575,184 -1,522,561 -2,121,064 -2,121,064 N/A 22 Investment & Allied Ins. Plc -955,259 -955,259 -955,259 -955,259 N/A 23 KBL Insurance Ltd. 3,660,607 3,926,643 3,787,381 3,518,360 3,896,915 24 LASACO Assurance Plc 7,875,917 8,418,094 8,578,795 9,851,942 8,156,327 25 Law Union & Rock Ins. Plc 4,172,200 4,182,419 4,458,665 5,039,730 6,465,226 26 Leadway Assurance Co. Ltd. 15,467,171 15,962,793 20,305,202 31,530,745 47,060,563 27 Linkage Assurance Plc 15,367,958 15,587,689 15,587,689 16,533,292 19,952,832 28 Metropolitan Life Ins. Nig. Ltd. 3,109,990 3,349,129 4,024,018 3,943,051 4,084,883 29 Mutual Benefits Assurance Plc 3,305,130 5,548,649 6,201,262 4,810,735 5,466,843 30 Mutual Benefits Life Ass. Ltd 2,567,357 3,136,446 3,220,996 5,291,090 5,605,947 31 NEM Insurance Plc 4,685,323 5,900,713 6,207,334 7,431,968 9,756,280 32 NICON Insurance Plc 11,821,621 16,589,592 16,589,592 16,589,592 15,079,522 33 Niger Insurance Plc 7,881,587 7,945,647 8,225,282 8,178,851 7,399,098 34 Nigerian Agricultural Ins. Corporation 6,004,549 7,764,182 7,050,515 7,342,555 7,454,369 35 NSIA Insurance Limited 8,332,895 9,205,894 8,917,573 9,645,978 10,707,966 36 Old Mutual Gen. Ins. Co. Nig. Ltd. 4,438,425 4,691,567 4,558,620 3,594,193 3,822,665 37 Old Mutual Nig. Life Assurance Co. Ltd. 2,618,814 3,030,803 4,648,140 3,351,725 3,775,445 38 Prestige Assurance Plc 4,413,343 4,576,147 5,991,827 6,228,262 7,508,121 39 Prudential Zenith Life Insurance Ltd. 3,985,934 4,357,999 3,803,776 4,547,415 7,177,679 40 Regency Alliance Insurance Plc 4,114,095 4,114,026 4,673,522 4,946,288 4,944,231 41 Royal Exchange Gen. Ins. Co. Ltd. 6,230,543 7,179,726 6,786,357 6,982,822 8,263,959 42 Royal Exchange Prudential Life Plc 3,158,460 3,165,713 2,317,147 1,502,506 2,271,387 43 Saham Unitrust Insurance Nig. Ltd. 6,831,980 7,107,193 7,173,425 7,517,000 7,765,963 44 Sovereign Trust Insurance Plc 3,483,497 4,160,855 5,025,195 5,235,428 5,471,904 45 SpringLife Assurance Plc. -351,123 -351,123 -351,123 -351,123 N/A 46 STACO Insurance Plc 3,009,111 3,197,509 3,409,596 3,761,977 3,089,849 47 Standard Alliance Insurance Plc 6,851,416 4,138,400 5,059,258 4,929,594 5,011,575 48 Sterling Assurance Nigeria Ltd. 3,067,847 3,100,465 3,125,558 3,493,877 3,990,488 49 Sunu Assurances Nig. Plc 3,339,064 3,426,856 5,172,550 4,921,015 3,818,489 50 UNIC Insurance Plc 2,701,096 2,701,096 2,701,096 587,667 N/A 51 Universal Insurance Plc 8,868,656 8,260,596 8,260,596 8,855,152 9,497,151 52 Veritas Kapital Assurance Plc 9,008,178 9,194,655 9,383,860 10,111,654 7,893,082 53 Wapic Insurance Plc 14,547,612 14,391,074 14,573,682 15,033,489 15,360,541 54 Wapic Life Ass. Ltd. 2,186,112 4,463,181 2,553,540 2,273,520 2,438,812 55 Zenith General Insurance Co.Ltd. 12,485,563 14,347,995 16,828,501 21,874,572 22,367,045 TOTAL 310,821,536 317,960,273 343,602,734 358,629,998 378,692,856 TAKAFUL COMPANY 56 Jaiz Takaful Insurance Plc 0 0 0 0 548,961 57 Noor Takaful Insurance Plc 0 0 0 0 -113,468 TOTAL 0 0 0 0 435,493 REINSURANCE COMPANY 58 Continental Reinsurance Plc 14,147,335 13,626,659 14,216,623 15,606,099 17,402,917 59 Nigeria Reinsurance Corporation 17,726,010 17,787,544 18,888,713 19,788,094 19,567,663 TOTAL 31,873,345 31,414,203 33,105,336 35,394,193 36,970,580 Nigeria Insurance Digest 2017 113

Total Assets Of Member Companies (2013-2017)

TOTAL TOTAL TOTAL TOTAL TOTAL ASSETS ASSETS ASSETS ASSETS ASSETS 2013 2014 2015 2016 2017 S/NO NAME OF COMPANY ‘000 ‘000 ‘000 ‘000 ‘000 1 African Alliance Insurance Plc 16,058,408 23,127,708 23,127,708 41,354,390 N/A 2 AIICO Insurance Plc 41,718,939 58,766,470 80,724,025 75,818,527 89,800,972 3 Alliance & General Insurance Co Ltd 6,904,784 6,904,784 6,904,784 6,904,784 N/A 4 Alliance & General Life Assurance Plc 6,498,808 6,498,808 6,498,808 6,498,808 N/A 5 Anchor Insurance Company Ltd. 4,927,209 5,091,177 5,427,503 5,781,004 6,239,181 6 Arm Life Plc 4,808,884 7,887,380 10,083,867 12,708,038 16,132,394 7 AXA Mansard Insurance Plc 28,789,781 34,263,778 37,863,833 42,218,006 51,272,328 8 Capital Express Assurance Ltd. 6,973,312 5,449,127 7,070,463 6,248,448 6,925,323 9 Consolidated Hallmark Insurance Plc 6,130,358 6,111,846 6,964,210 7,392,513 9,393,328 10 Cornerstone Insurance Plc 14,771,874 15,817,231 17,255,166 18,368,251 20,804,553 11 Custodian & Allied Insurance Ltd. 29,176,148 27,574,450 27,874,257 29,684,634 30,517,681 12 Custodian Life Assurance Ltd. 9,790,885 11,762,637 17,307,389 24,667,057 33,160,603 13 Ensure Insurance Plc 9,097,997 12,806,400 15,431,220 13,567,459 16,888,584 14 FBN General Insurance Limited 3,999,201 4,757,880 5,338,441 6,062,904 7,242,561 15 FBN Insurance Limited 11,323,551 15,454,829 20,926,548 29,505,399 46,945,428 16 Fin Insurance Company Ltd. 6,007,501 6,495,847 6,096,461 6,099,678 6,517,802 17 Goldlink Insurance Plc 9,738,923 3,471,409 3,471,409 3,471,409 N/A 18 Great Nigeria Insurance Plc 8,611,737 10,913,183 10,913,183 10,982,614 12,213,662 19 Guinea Insurance Plc 4,213,959 4,564,728 4,116,103 3,982,125 4,402,946 20 Industrial & General Insurance Plc 33,136,171 33,447,162 33,447,162 33,447,162 N/A 21 International Energy Ins. Plc 9,448,579 8,735,758 8,071,742 8,071,742 N/A 22 Investment & Allied Ins. Plc 354,285 354,285 354,285 354,285 N/A 23 KBL Insurance Ltd. 5,219,051 5,302,873 5,161,292 4,706,867 5,212,883 24 LASACO Assurance Plc 16,052,567 17,597,160 19,166,697 19,298,231 21,434,678 25 Law Union & Rock Ins. Plc 6,908,473 7,293,571 8,273,420 8,580,876 10,031,774 26 Leadway Assurance Co. Ltd. 97,341,534 101,013,364 137,965,090 166,063,523 271,948,636 27 Linkage Assurance Plc 17,738,500 17,976,222 17,976,222 20,332,447 23,308,158 28 Metropolitan Life Ins. Nig. Ltd. 5,889,932 5,988,749 6,750,736 6,376,037 6,832,908 29 Mutual Benefits Assurance Plc 14,448,462 14,488,600 15,798,729 16,579,092 18,720,412 30 Mutual Benefits Life Ass. Ltd 20,181,393 28,277,534 32,604,357 36,176,763 39,852,204 31 NEM Insurance Plc 9,627,877 10,977,314 12,087,666 14,531,978 17,605,884 32 NICON Insurance Plc 58,120,864 39,394,235 39,394,235 39,394,235 38,159,078 33 Niger Insurance Plc 24,181,641 22,214,614 20,386,496 21,881,113 22,222,895 34 Nigerian Agricultural Ins. Corporation 7,170,821 8,668,734 8,540,096 9,263,161 9,980,229 35 NSIA Insurance Limited 13,302,805 13,743,735 13,430,124 13,147,593 15,577,652 36 Old Mutual Gen. Ins. Co. Nig. Ltd. 6,198,180 6,632,268 6,617,656 7,448,972 7,693,135 37 Old Mutual Nig. Life Assurance Co. Ltd. 4,538,060 5,680,842 7,186,540 5,763,582 6,995,726 38 Prestige Assurance Plc 10,134,493 11,893,946 10,367,741 9,689,587 11,775,553 39 Prudential Zenith Life Insurance Ltd. 5,606,729 7,353,899 8,898,320 9,147,052 11,151,664 40 Regency Alliance Insurance Plc 5,976,545 6,387,239 6,726,540 6,855,691 7,248,018 41 Royal Exchange Gen. Ins. Co. Ltd. 13,034,746 18,548,181 18,383,126 22,610,442 25,658,144 42 Royal Exchange Prudential Life Plc 6,346,647 6,089,707 7,083,833 7,809,733 9,275,451 43 Saham Unitrust Insurance Nig. Ltd. 12,389,940 12,045,374 10,959,063 11,540,867 12,754,506 44 Sovereign Trust Insurance Plc 8,649,295 8,492,846 9,264,869 9,511,560 10,817,675 45 SpringLife Assurance Plc. 869,568 869,568 869,568 869,568 N/A 46 STACO Insurance Plc 8,363,376 9,766,320 10,485,099 10,150,325 9,589,103 47 Standard Alliance Insurance Plc 15,693,036 11,443,351 12,361,284 13,652,535 13,088,310 48 Sterling Assurance Nigeria Ltd. 4,800,538 4,819,693 4,819,208 5,451,417 5,834,394 49 Sunu Assurances Nig. Plc 8,262,385 8,159,079 10,027,716 9,571,905 10,685,712 50 UNIC Insurance Plc 5,294,939 5,294,939 5,294,939 4,172,243 N/A 51 Universal Insurance Plc 11,563,217 10,834,813 10,834,813 11,896,152 12,761,657 52 Veritas Kapital Assurance Plc 10,484,882 10,546,124 10,728,219 11,346,628 10,235,828 53 Wapic Insurance Plc 19,679,892 19,815,163 20,163,859 20,594,061 21,328,940 54 Wapic Life Ass. Ltd. 4,344,056 4,463,181 5,017,965 5,055,265 6,098,309 55 Zenith General Insurance Co.Ltd. 20,027,989 22,651,897 25,981,162 33,322,025 34,366,366 TOTAL 750,923,727 794,982,012 894,875,247 985,980,763 1,086,703,228 TAKAFUL COMPANY 56 Jaiz Takaful Insurance Plc 0 0 0 0 80,182 57 Noor Takaful Insurance Plc 0 0 0 0 174,576 TOTAL 0 0 0 0 254,758 REINSURANCE COMPANY 58 Continental Reinsurance Plc 25,042,296 24,884,501 26,531,472 33,166,591 34,124,060 59 Nigeria Reinsurance Corporation 18,713,753 18,680,908 19,871,356 20,533,432 20,317,366 TOTAL 43,756,049 43,565,409 46,402,828 53,700,023 54,441,426 114 Nigeria Insurance Digest 2017

Investment Income And Management Expenses Of Member Companies (2015-2017)

INVESTMENT INVESTMENT INVESTMENT MANAGEMENT MANAGEMENT MANAGEMENT INCOME INCOME INCOME EXPENSES EXPENSES EXPENSES 2015 2016 2017 2015 2016 2017 S/NO NAME OF COMPANY ‘000 ‘000 ‘000 ‘000 ‘000 ‘000 1 African Alliance Insurance Plc 493,261 3,067,525 N/A 1,545,501 1,498,653 N/A 2 AIICO Insurance Plc 5,501,023 6,952,345 8,884,693 5,194,597 6,576,670 6,368,423 3 Alliance & General Insurance Co Ltd 21,346 21,346 N/A 371,185 371,185 N/A 4 Alliance & General Life Assurance Plc 76,542 76,542 N/A 26,216 26,216 N/A 5 Anchor Insurance Company Ltd. 176,561 202,955 229,406 843,877 924,608 1,100,898 6 Arm Life Plc 294,616 277,363 1,288,787 1,142,920 1,040,205 1,169,188 7 AXA Mansard Insurance Plc 1,711,907 1,870,769 2,906,647 2,569,445 4,649,307 5,205,081 8 Capital Express Assurance Ltd. 163,076 96,480 136,781 957,989 855,778 953,151 9 Consolidated Hallmark Insurance Plc 402,048 472,290 672,917 1,126,381 1,281,059 1,418,513 10 Cornerstone Insurance Plc 770,025 371,652 526,567 2,247,151 2,771,273 2,659,185 11 Custodian & Allied Insurance Ltd. 1,735,971 1,584,089 1,968,413 1,999,057 2,325,008 2,603,522 12 Custodian Life Assurance Ltd. 868,669 1,828,167 2,746,063 856,472 1,696,433 1,324,000 13 Ensure Insurance Plc 179,311 238,642 193,822 1,882,315 1,827,414 3,244,236 14 FBN General Insurance Limited 270,645 321,902 682,607 707,745 858,996 1,226,480 15 FBN Insurance Limited 1,695,224 1,671,034 3,000,083 2,007,522 2,361,065 3,269,619 16 Fin Insurance Company Ltd. 622,192 393,592 398,155 679,403 670,124 708,352 17 Goldlink Insurance Plc 34,110 34,110 N/A 1,396,451 1,396,451 N/A 18 Great Nigeria Insurance Plc 328,134 297,560 380,877 1,015,027 1,156,555 1,354,408 19 Guinea Insurance Plc 200,721 215,525 208,316 705,954 598,819 674,731 20 Industrial & General Insurance Plc 528,421 528,421 N/A 1,832,702 1,832,702 N/A 21 International Energy Ins. Plc 62,971 62,971 N/A 1,670,949 1,670,949 N/A 22 Investment & Allied Ins. Plc 40,945 40,945 N/A 169,499 169,499 N/A 23 KBL Insurance Ltd. 393,598 274,843 273,489 700,302 717,454 629,421 24 LASACO Assurance Plc 661,527 441,141 874,674 1,509,798 2,458,056 1,741,700 25 Law Union & Rock Ins. Plc 489,128 687,297 912,504 1,338,616 1,236,849 1,263,466 26 Leadway Assurance Co. Ltd. 9,954,794 10,490,455 16,817,799 5,049,639 6,275,763 6,816,612 27 Linkage Assurance Plc 1,011,788 357,811 3,237,795 1,005,490 1,079,203 1,609,334 28 Metropolitan Life Ins. Nig. Ltd. 765,267 777,203 1,038,537 152,406 187,980 1,135,760 29 Mutual Benefits Assurance Plc 729,417 560,027 896,167 2,690,917 2,825,666 2,777,629 30 Mutual Benefits Life Ass. Ltd 234,633 492,251 646,222 2,114,172 1,971,241 1,672,491 31 NEM Insurance Plc 676,398 479,472 709,944 2,139,140 2,308,456 2,960,221 32 NICON Insurance Plc 276,884 276,884 60,219 1,325,993 1,325,993 1,140,089 33 Niger Insurance Plc 606,951 458,614 524,890 3,082,518 2,747,880 2,510,362 34 Nigerian Agricultural Ins. Corporation 394,889 385,445 560,585 1,104,912 1,132,832 1,050,097 35 NSIA Insurance Limited 955,081 863,474 1,317,486 1,422,111 2,493,552 2,775,776 36 Old Mutual Gen. Ins. Co. Nig. Ltd. 354,376 438,171 745,051 1,292,341 1,211,314 1,410,034 37 Old Mutual Nig. Life Assurance Co. Ltd. 392,644 354,226 694,921 1,610,814 1,838,495 1,799,776 38 Prestige Assurance Plc 532,637 417,824 830,939 417,995 435,394 683,933 39 Prudential Zenith Life Insurance Ltd. 890,406 685,314 1,367,904 273,190 730,343 561,783 40 Regency Alliance Insurance Plc 191,826 187,494 330,264 821,864 838,064 960,691 41 Royal Exchange Gen. Ins. Co. Ltd. 313,784 272,338 586,688 1,626,810 1,893,996 1,624,775 42 Royal Exchange Prudential Life Plc 124,146 41,834 611,753 1,052,572 1,033,099 1,060,945 43 Saham Unitrust Insurance Nig. Ltd. 907,596 647,725 985,446 593,211 399,018 535,291 44 Sovereign Trust Insurance Plc 258,866 281,288 326,676 1,425,791 1,589,164 1,531,911 45 SpringLife AssurancePlc. 33,618 33,618 N/A 105,282 105,282 N/A 46 STACO Insurance Plc 293,970 129,671 182,463 2,021,335 3,212,006 3,096,792 47 Standard Alliance Insurance Plc 284,844 280,844 363,180 1,481,114 1,515,825 1,450,703 48 Sterling Assurance Nigeria Ltd. 118,717 299,951 296,848 935,406 1,015,950 1,290,427 49 Sunu Assurances Nig. Plc 409,581 306,444 449,970 1,832,542 1,652,175 1,280,410 50 UNIC Insurance Plc 437,574 18,596 N/A 742,813 244,929 N/A 51 Universal Insurance Plc 166,866 87,407 128,029 579,242 739,449 683,320 52 Veritas Kapital Assurance Plc 497,674 476,513 515,504 1,060,031 973,986 1,167,141 53 Wapic Insurance Plc 746,137 741,965 621,263 2,454,948 2,867,935 3,182,585 54 Wapic Life Ass. Ltd. 432,915 346,964 682,392 641,263 486,394 594,850 55 Zenith General Insurance Co.Ltd. 3,701,210 2,099,251 4,066,281 1,360,308 2,112,551 2,666,537 TOTAL 44,417,461 45,318,580 65,880,017 76,913,244 88,215,263 86,944,649 TAKAFUL COMPANY 56 Jaiz Takaful Insurance Plc 0 0 1,231 0 0 279 57 Noor Takaful Insurance Plc 0 0 2,276 0 0 0 TOTAL 0 0 3,507 0 0 279 REINSURANCE COMPANY 58 Continental Reinsurance Plc 902,941 623,082 -11,617 2,177,238 1,999,364 2,265,218 59 Nigeria Reinsurance Corporation 291,180 411,368 392,581 409,142 355,540 431,383 TOTAL 1,194,121 1,034,450 380,964 2,586,380 2,354,904 2,696,601 Nigeria Insurance Digest 2017 115

Underwriting Performance Of Member Companies Gross Premium, Net Premium, Risk Retention Ratio, Earning Per Share(kobo), And Total Assets (2017)

TOTAL GROSS NET RISK EARNING ASSETS PREMIUM PREMIUM RETENTION PER SHARE 2017 S/NO NAME OF COMPANY ‘000 ‘000 RATIO (Kobo) ‘000 1 African Alliance Insurance Plc N/A N/A N/A N/A N/A 2 AIICO Insurance Plc 30,407,396 15,902,637 0.52 21 89,800,972 3 Alliance & General Insurance Co Ltd N/A N/A N/A N/A N/A 4 Alliance & General Life Assurance Plc N/A N/A N/A N/A N/A 5 Anchor Insurance Company Ltd. 2,221,838 1,968,858 0.89 5.94 6,239,181 6 Arm Life Plc 4,539,175 3,382,302 0.75 6 16,132,394 7 AXA Mansard Insurance Plc 20,602,218 8,955,599 0.43 13.25 51,272,328 8 Capital Express Assurance Ltd. 2,297,253 2,335,409 1.02 -17 6,925,323 9 Consolidated Hallmark Insurance Plc 5,680,553 3,683,192 0.65 5.91 9,393,328 10 Cornerstone Insurance Plc 7,900,401 4,733,725 0.60 -18 20,804,553 11 Custodian & Allied Insurance Ltd. 20,064,233 7,341,916 0.37 64 30,517,681 12 Custodian Life Assurance Ltd. 12,161,883 11,470,430 0.94 25.37 33,160,603 13 Ensure Insurance Plc 7,667,258 2,112,418 0.28 -11.1 16,888,584 14 FBN General Insurance Limited 3,516,548 2,080,496 0.59 4 7,242,561 15 FBN Insurance Limited 19,580,871 17,927,198 0.92 63 46,945,428 16 Fin Insurance Company Ltd. 1,300,624 655,300 0.50 N/A 6,517,802 17 Goldlink Insurance Plc N/A N/A N/A N/A N/A 18 Great Nigeria Insurance Plc 2,876,620 2,260,839 0.79 10.62 12,213,662 19 Guinea Insurance Plc 967,145 747,071 0.77 4.09 4,402,946 20 Industrial & General Insurance Plc N/A N/A N/A N/A N/A 21 International Energy Ins. Plc N/A N/A N/A N/A N/A 22 Investment & Allied Ins. Plc N/A N/A N/A N/A N/A 23 KBL Insurance Ltd. 1,971,291 1,413,966 0.72 11 5,212,883 24 LASACO Assurance Plc 6,673,652 3,674,095 0.55 12 21,434,678 25 Law Union & Rock Ins. Plc 4,252,373 2,615,453 0.62 21 10,031,774 26 Leadway Assurance Co. Ltd. 84,189,079 69,823,794 0.83 139 271,948,636 27 Linkage Assurance Plc 4,102,253 2,840,378 0.69 36.6 23,308,158 28 Metropolitan Life Ins. Nig. Ltd. 2,059,801 1,691,537 0.82 14.18 6,832,908 29 Mutual Benefits Assurance Plc 7,298,974 5,939,986 0.81 8 18,720,412 30 Mutual Benefits Life Ass. Ltd 4,963,517 3,876,107 0.78 126 39,852,204 31 NEM Insurance Plc 13,416,270 9,801,951 0.73 52 17,605,884 32 NICON Insurance Plc 703,955 820,084 1 12 38,159,078 33 Niger Insurance Plc 8,585,782 5,170,409 0.60 -12.78 22,222,895 34 Nigerian Agricultural Ins. Corporation 1,562,027 1,346,675 0.86 N/A 9,980,229 35 NSIA Insurance Limited 5,465,713 2,384,364 0.44 4 15,577,652 36 Old Mutual Gen. Ins. Co. Nig. Ltd. 3,701,677 1,086,661 0.29 -15 7,693,135 37 Old Mutual Nig. Life Assurance Co. Ltd. 1,929,091 1,128,896 0.59 -19 6,995,726 38 Prestige Assurance Plc 3,808,516 1,448,481 0.38 9.9 11,775,553 39 Prudential Zenith Life Insurance Ltd. 3,684,406 2,603,943 0.71 64 11,151,664 40 Regency Alliance Insurance Plc 3,367,726 2,028,469 0.60 2.95 7,248,018 41 Royal Exchange Gen. Ins. Co. Ltd. 9,698,433 4,235,774 0.44 N/A 25,658,144 42 Royal Exchange Prudential Life Plc 3,059,338 2,705,392 0.88 N/A 9,275,451 43 Saham Unitrust Insurance Nig. Ltd. 2,486,736 998,847 0.40 13 12,754,506 44 Sovereign Trust Insurance Plc 8,513,503 3,852,522 0.45 1.89 10,817,675 45 SpringLife AssurancePlc. N/A N/A N/A N/A N/A 46 STACO Insurance Plc 5,224,762 3,874,917 0.74 -7 9,589,103 47 Standard Alliance Insurance Plc 4,844,892 4,282,274 0.88 0.45 13,088,310 48 Sterling Assurance Nigeria Ltd. 3,009,865 2,426,441 0.81 4.6 5,834,394 49 Sunu Assurances Nig. Plc 2,672,770 2,596,543 0.97 0 10,685,712 50 UNIC Insurance Plc N/A N/A N/A N/A N/A 51 Universal Insurance Plc 753,067 583,742 0.78 3.96 12,761,657 52 Veritas Kapital Assurance Plc 2,320,768 1,702,612 0.73 -0.12 10,235,828 53 Wapic Insurance Plc 6,388,067 3,752,138 0.59 2 21,328,940 54 Wapic Life Ass. Ltd. 2,051,248 1,096,729 0.53 7 6,098,309 55 Zenith General Insurance Co.Ltd. 10,152,454 5,729,379 0.56 274 34,366,366 TOTAL 364,696,022 243,089,949 0.67 1,086,703,228 TAKAFUL COMPANY 56 Jaiz Takaful Insurance Plc 118,289 57,029 0.48 -1.71 80,182 57 Noor Takaful Insurance Plc 243,083 153,644 0.63 N/A 174,576 TOTAL 361,372 210,673 1 254,758 REINSURANCE COMPANY 58 Continental Reinsurance Plc 20,384,092 15,926,585 0.78 31 34,124,060 59 Nigeria Reinsurance Corporation 1,002,490 948,422 0.95 -3 20,317,366 TOTAL 21,386,582 16,875,007 0.79 54,441,426 116 Nigeria Insurance Digest 2017

Summary Of Gross Premium Income And Total Investment (2008 - 2017)

% % YEAR GROSS PREMIUM TOTAL INCOME INCREASE/DECREASE INVESTMENT INCREASE/DECREASE 2008 150,259,567 49.33 427,571,377 12.5 2009 179,940,788 19.09 327,481,989 -23.4 2010 185,729,982 3.22 321,140,325 -1.7 2011 217,748,008 17.24 288,497,860 -10.16 2012 252,138,077 15.79 399,373,199 36.27 2013 267,835,305 6.23 506,241,456 26.76 2014 293,543,959 9.60 566,931,849 11.99 2015 312,555,065 6.48 651,630,334 14.94 2016 315,975,938 1.09 737,189,407 13.13 2017 365,057,394 15.53 824,892,168 11.90

900000000 800000000 700000000 600000000 500000000 400000000 GROSS PREMIUM INCOME 300000000 TOTAL INVESTMENT 200000000 100000000 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YEARS Nigeria Insurance Digest 2017 117

Gross Premium Income By Class of Business (2008 - 2017) _ '000 2017 (100) (1.04) (8.15) (9.69) (0.05) (6.05) (2.45) (17.51) (10.76) 196,193 (44.30) 3,783,942 8,945,554 63,917,150 161,711,005 39,375,581 35,375,581 22,102,099 29,740,024 29,740,024 365,057,394 _ '000 2016 (1.71) (100) (9.74) (9.72) (0.07) (6.20) (2.56) (17.13) (12.78) (40.10) 233,275 5,414,838 8,074,553 8,074,553 54,130,277 19,596,357 30,705,760 30,773,302 40,393,972 126,696,315 315,975,938 _ '000 2015 (100) (1.02) (2.13) (9.78) (0.07) (8.75) (6.25) (12.75) (16.36) (42.89) 205,441 3,195,688 51,120,210 6,666,029 30,571,785 19,527,646 27,359,389 39,840,893 134,067,982 312,555,065 _ _ 2014 (100) (4.18) (7.06) (0.09) (8.92) (10.14) (18.01) (14.62) (36.99) 270,049 26,170,263 20,715,083 12,262,676 29,772,790 52,870,899 42,905,736 108,576,192 293,543,959

_ _ 2013 (100) (0.14) (9.13) (3.46) (6.98) (14.88) (10.45) (24.95) (30.02) 365,976 9,269,958 18,685,531 24,451,478 24,451,478 66,813,748 66,813,748 27,984,199 80,415,942 39,849,449 267,835,305 _ _ 2012 (100) (0.20) (27.75) 502,604 69,965,203 252,138,077 8,599,721 (3.42) 21,788,018 (8.64) 55,754,181 (22.11) 44,813,708 (17.76) 20,967,940 (8.32) 29,746,702 (11.80) 29,746,702 _ _ 2011

(100) (0.29) (5.02) (15.67) (20.51) (13.59) (25.05) 630,823 10,930,711 34,121,742 34,121,742 54,554,151 29,593,631 44,652,858 217,748,008 217,748,008 19,863,584 (9.12) 23,400,508 (10.74) _ _ 2010 (0.49) (14.05) (10.82) (15.39) (10.38) (22.63) 903,247 903,247 19,293,160 42,039,418 28,591,643 26,092,070 20,097,368 185,729,982 (100) 8,945,187 (4.82) 39,760,889 (21.41) _ _ 9.24 0.95 5.02 9.35 19.17 (100) 2009 17.65 13.36 25.27 1,703,567 8,982,019 34,291,951 45,215,143 16,727,575 16,536,188 31,577,402 23,912,005 178,952,850 _ _ 6.07 11.64 11.58 0 .47 (100) 2008 25.41 14.99 10.39 (19.54) 719,870 9,136,857 38,118,374 38,118,374 17,231,092 15,618,399 17,402,580 29,327,684 22,535,583 150,259,567 WC LIFE FIRE MISC. TOTAL MOTOR OTHERS OIL & GAS ENGINEERING GEN. ACCIDENT MARINE & AVIATION CLASS OF BUSINESS 118 Nigeria Insurance Digest 2017

Distribution Of Gross Premium By Class Of Business 2017

In 2017, Life business accounted for 44.30% of the industry's total gross premium compared to 40.10% in 2016. The Oil & Gas Class of Insurance increased from 17.13% in 2016 to 17.51% in 2017.

Total contribution of other classes to the gross premium income of the market increases from 30.63% in 2016 to 38.19% in 2017.

2017 GROSS PREMIUM BY CLASS OF BUSINESS

FIRE 10%

MOTOR 11%

GEN. ACCIDENT 8%

LIFE 44% MARINE & AVIATION 6%

OTHERS 0%

WC 0% ENGINEERING OIL & GAS MSC. 18% 2% 1% Nigeria Insurance Digest 2017 119

Evolution Of Non-life/life Insurance Premium 2008-2017

YEAR NON-LIFE PREMIUM LIFE PREMIUM `000 `000

2008 120,931,883 29,327,684 2009 144,660,899 34,291,951 2010 145,969,093 39,760,889 2011 163,193,857 54,554,151 2012 182,172,874 69,965,203 2013 187,419,363 80,415,942 2014 184,967,767 108,576,192 2015 178,487,081 134,067,982 2016 189,279,623 126,696,315 2017 203,346,389 161,711,005 CAGR 5.33 18.62

EVOLUTION OF NON - LIFE/LIFE PREMIUM (BILLIONS OF NAIRA)

250000000

200000000

150000000 NON-LIFE PREMIUM `000

100000000 LIFE PREMIUM `000

50000000

0 20082009 2010 2011 2012 2013 2014 2015 2016 2017 YEARS 120 Nigeria Insurance Digest 2017

Insurance Large Claims (3.5 Million & Above) Paid In 2016 By Portfolio

122 Nigeria Insurance Digest 2017

Motor Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

1 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 11,700,000.00 21/02/2017 2 AXA MANSARD INS PLC BELLINGS GLOBAL CO LTD ACCIDENT 10,260,000.00 20/12/2017 3 AXA MANSARD INS PLC CENTRE FOR INTEGRATED HEALTH PROGRAMS ACCIDENT 10,204,425.00 20/06/2017 4 AXA MANSARD INS PLC BABA SOLOMON ACCIDENT 9,698,000.00 16/06/2017 5 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 9,250,000.00 09/03/2017 6 AXA MANSARD INS PLC AROKODARE TIMILEHIN ACCIDENT 9,000,000.00 17/07/2017 7 AXA MANSARD INS PLC MATRIX ENERGY LTD ACCIDENT 8,532,000.00 03/11/2017 8 AXA MANSARD INS PLC GULF GAS PLANT AND SUPPLIES LTD ACCIDENT 8,512,350.00 29/12/2017 9 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 8,508,000.00 02/08/2017 10 AXA MANSARD INS PLC ADENIRAN ADEMOLA ACCIDENT 8,455,000.00 19/06/2017 11 AXA MANSARD INS PLC MATRIX ENERGY LTD ACCIDENT 8,325,000.00 04/04/2017 12 AXA MANSARD INS PLC AMODU ANTHONY ACCIDENT 8,313,690.76 09/11/2017 13 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 8,000,000.00 10/08/2017 14 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 7,500,000.00 31/05/2017 15 AXA MANSARD INS PLC EIGBOBO NAPOLEON ACCIDENT 7,377,150.00 04/04/2017 16 AXA MANSARD INS PLC OLAWALE FESTUS FULANI ACCIDENT 7,125,000.00 31/05/2017 17 AXA MANSARD INS PLC NURAT LAWAL ACCIDENT 7,125,000.00 07/09/2017 18 AXA MANSARD INS PLC JOZA GLOBAL LOGISTICS ACCIDENT 7,124,500.00 18/10/2017 19 AXA MANSARD INS PLC IBRAHIM ZIBIRI ACCIDENT 7,082,825.93 19/12/2017 20 AXA MANSARD INS PLC NOVARTIS PHARMA SERVICES ACCIDENT 6,985,350.00 21/07/2017 21 AXA MANSARD INS PLC OBOH SATURDAY PRINCEWILL ACCIDENT 6,740,000.00 02/02/2017 22 AXA MANSARD INS PLC AHONSI PATRICK EWANLE ACCIDENT 6,650,000.00 28/06/2017 23 AXA MANSARD INS PLC ABASS ALESINLOYE KOLAWOLE ACCIDENT 6,650,000.00 10/10/2017 24 AXA MANSARD INS PLC BRICKSMOON REAL ESTATE LIMITED ACCIDENT 6,542,250.00 24/02/2017 25 AXA MANSARD INS PLC REHOBOTH CRYSTALS LTD ACCIDENT 6,498,000.00 05/04/2017 26 AXA MANSARD INS PLC OMAS BLAZE GLOBAL RESOURCES LTD ACCIDENT 6,075,000.00 21/12/2017 27 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 6,000,000.00 13/06/2017 28 AXA MANSARD INS PLC KINGSLEY CHIBUNINE ACCIDENT 5,985,000.00 08/12/2017 29 AXA MANSARD INS PLC LEGATUS LOGISTICS ACCIDENT 5,670,000.00 23/01/2017 30 AXA MANSARD INS PLC STERLING BANK PLC/VANNI INT SEC SYSTEM LIMITED ACCIDENT 5,568,375.00 06/03/2017 31 AXA MANSARD INS PLC KADRI ADENIYI IBRAHEEM ACCIDENT 5,560,000.00 09/06/2017 32 AXA MANSARD INS PLC 1004 ESTATE LIMITED THEFT 5,557,500.00 02/11/2017 33 AXA MANSARD INS PLC EDOSOMWAN CHARLES ACCIDENT 5,534,000.00 16/03/2017 34 AXA MANSARD INS PLC AIRTIGHT OIL AND GAS NIG LTD ACCIDENT 5,481,000.00 08/02/2017 35 AXA MANSARD INS PLC CONTAINER & TRANSPORT ENG. NIG. LTD. ACCIDENT 5,450,490.00 24/10/2017 36 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 5,450,000.00 24/10/2017 37 AXA MANSARD INS PLC AKANLE TAIWO ADENIKE ACCIDENT 5,409,531.00 23/08/2017 38 AXA MANSARD INS PLC NTS LOGISTICS LIMITED ACCIDENT 5,400,000.00 19/05/2017 39 AXA MANSARD INS PLC ADEKOYE IBILEYE MUSTAPHA ACCIDENT 5,225,000.00 25/07/2017 40 AXA MANSARD INS PLC OLAGUNJU KAYODE ADEBAYO ACCIDENT 5,225,000.00 15/06/2017 41 AXA MANSARD INS PLC EVOLVE STRATEGIES AND INV. LTD ACCIDENT 5,130,000.00 11/08/2017 42 AXA MANSARD INS PLC ONUOHA CHIEDOZIE OKECHUKWU ACCIDENT 5,000,000.00 16/08/2017 43 AXA MANSARD INS PLC EWE ELIJAH ESSIEN ACCIDENT 4,860,000.00 27/09/2017 44 AXA MANSARD INS PLC NIGER DELTA PET. RESOURCES THEFT 4,847,850.00 10/03/2017 45 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 4,750,000.00 27/07/2017 46 AXA MANSARD INS PLC HARRISON OKORIE ACCIDENT 4,675,681.84 19/06/2017 47 AXA MANSARD INS PLC ABAYOMI BALOGUN ACCIDENT 4,574,250.00 20/02/2017 48 AXA MANSARD INS PLC LAWAL JIMOH .O ACCIDENT 4,565,000.00 10/07/2017 49 AXA MANSARD INS PLC ABIODUN ADEKUNLE ONIDARE ACCIDENT 4,501,575.00 31/03/2017 50 AXA MANSARD INS PLC OGUNPEKAN OLUFEMI ACCIDENT 4,500,000.00 02/03/2017 51 AXA MANSARD INS PLC OGUNKA ONYEKACHI EMMANUEL ACCIDENT 4,500,000.00 22/11/2017 52 AXA MANSARD INS PLC NORSKOG COMPANY LTD ACCIDENT 4,446,420.50 24/02/2017 53 AXA MANSARD INS PLC ADEWUYI ADEFUYI OLAYEMI ACCIDENT 4,389,997.50 20/02/2017 54 AXA MANSARD INS PLC CIEQUAL LIMITED ACCIDENT 4,215,200.47 28/04/2017 55 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 4,200,500.00 13/10/2017 56 AXA MANSARD INS PLC GUARANTY TRANSPORT AND INV. LTD ACCIDENT 4,100,000.00 13/07/2017 57 AXA MANSARD INS PLC ORHUE FORTUNE EMOKARO THEFT 4,037,500.00 08/03/2017 58 AXA MANSARD INS PLC ALIN ANEKE ACCIDENT 3,998,000.00 12/12/2017 59 AXA MANSARD INS PLC SOLUTION MEDIA AND INFOTECH LTD ACCIDENT 3,997,500.00 29/03/2017 60 AXA MANSARD INS PLC MADU KINGSLEY NONYE-PAUL ACCIDENT 3,893,850.00 09/02/2017 Nigeria Insurance Digest 2017 123

Motor Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

61 AXA MANSARD INS PLC BILANCO LOGISTICS SERVICES ACCIDENT 3,850,000.00 27/07/2017 62 AXA MANSARD INS PLC ONAYIGA OLUWASEUN ACCIDENT 3,847,500.00 08/09/2017 63 AXA MANSARD INS PLC BUILDWELL PLANTS & EQUIPMENT INDUSTRY LIMITED ACCIDENT 3,817,944.77 27/03/2017 64 AXA MANSARD INS PLC CHIEF ADENIYI FELIX ADEGBENGA ACCIDENT 3,800,000.00 24/02/2017 65 AXA MANSARD INS PLC RAZAK WASIU AYINDE ACCIDENT 3,800,000.00 25/08/2017 66 AXA MANSARD INS PLC GODWIN CHUKWUEMEKA JUMBO ACCIDENT 3,800,000.00 25/08/2017 67 AXA MANSARD INS PLC FISAYO OLADAPO-DAVID ACCIDENT 3,750,000.00 13/03/2017 68 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 3,700,500.00 08/09/2017 69 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 3,600,000.00 28/03/2017 70 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 3,600,000.00 25/07/2017 71 AXA MANSARD INS PLC ENEJO PETER ONYIDO ACCIDENT 3,600,000.00 18/08/2017 72 AXA MANSARD INS PLC IFIOK IKPA ACCIDENT 3,573,007.22 11/04/2017 73 AXA MANSARD INS PLC BUILDWELL PLANTS & EQUIPMENT INDUSTRY LIMITED ACCIDENT 3,510,000.00 01/07/2017 74 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 3,500,000.00 01/11/2017 75 CHI PLC SEEDZ COOPERATIVE MULTIPURPOSE ACCIDENT 3,780,000.00 21/02/2017 76 CHI PLC BUSOL GLOBAL VENTURES FIRE ACCIDENT 3,825,000.00 28/03/2017 77 CHI PLC FIDELITY BANK PLC/COMMONWEALTH ACCIDENT 3,858,107.37 08/09/2017 78 CHI PLC TRANSNATIONAL HAULAGE LTD./ECOBANK PLC ACCIDENT 4,070,000.00 17/02/2017 79 CHI PLC JAN DE NUL n.v FZE ACCIDENT AND 3RD PARTY 5,220,000.00 02/05/2017 80 CHI PLC PETER IJIYEMI ACCIDENT 5,300,000.00 20/03/2017 81 CHI PLC OLAKUNLE JEBUTU INVESTMENT LTD ACCIDENT 3,545,167.00 15/05/2017 82 CHI PLC HON. UDI CHRISTOPHER ACCIDENT 4,275,000.00 28/03/2017 83 CHI PLC NEW AGE ENERGY LIMITED ACCIDENT 4,275,000.00 07/12/2017 84 CHI PLC N-GENE LOGISTICS SERVICES FIRE INCIDENT 4,563,000.00 07/06/2017 85 CHI PLC CFS FINANCIAL SERVICES LTD ACCIDENT 4,734,000.00 23/08/2017 86 CHI PLC MR. SAMUEL OLUWATOSIN KUKOYI ACCIDENTAL DAMAGE 4,750,000.00 18/09/2017 87 CHI PLC TICALGA INVESTMENT LTD/UNITY BANK PLC ACCIDENT 4,924,800.00 21/07/2017 88 CHI PLC G4S SECURE SOLUTIONS NIGERIA LTD STOLEN TOYOTA HILUX 5,070,625.05 03/05/2017 89 CHI PLC AJAYI JACOB ABOLADE ACCIDENT 5,221,125.00 08/09/2017 90 CHI PLC MR. OLANIPEKUN OREKOYA ADEBUTU ACCIDENT 5,389,732.82 15/05/2017 91 CHI PLC ABC TRANSPORT / FIDELITY BANK PLC ACCIDENT 5,403,600.00 10/04/2017 92 CHI PLC NASBELL LOGISTIC SERVICES ACCIDENT 5,411,250.00 29/06/2017 93 CHI PLC FIRST BANK PLC/PATONIA RESOURCES LTD. ACCIDENT 5,413,030.00 05/10/2017 94 CHI PLC FIRST BANK PLC/PATONIA RESOURCES LTD. ACCIDENT AND THIRD PARTY 6,726,500.00 13/09/2017 95 CHI PLC FIRST BANK PLC/PATONIA RESOURCES LTD. ACCIDENT 6,726,500.00 13/09/2017 96 CHI PLC ADEBAYO ODETAYO THEFT OF LANDROVER JEEP 7,200,000.00 31/01/2017 97 CHI PLC FIDELITY BANK PLC/GPC ENERGY & LOGISTICS ACCIDENT 7,202,518.34 31/08/2017 98 CHI PLC BIOFEM PHARMACEUTICALS NIGERIA LTD ACCIDENT 7,800,000.00 30/06/2017 99 CHI PLC NOCLINK VENTURES LIMITED ACCIDENT 9,675,000.00 18/07/2017 100 CHI PLC KAURA MOTORS LIMITED ACCIDENT 11,200,000.00 25/04/2017 101 CHI PLC TRANSNATIONAL HAULAGE LTD. ACCIDENT 12,825,000.00 03/11/2017 102 CHI PLC P. G. S. GEOPHYSICAL NIGERIA LIMITED ACCIDENT 16,243,698.96 14/07/2017 103 CONTINENTAL REINS PLC SUPREME LIBERIA INC., ACCIDENT 3,977,654.63 20/03/2017 104 CONTINENTAL REINS PLC Ven. Dr. Ayo Fagbemi ACCIDENT 3,679,725.00 24/08/2017 105 CONTINENTAL REINS PLC REV. DR OLAJIDE AWOSEDO ACCIDENT 3,500,000.00 08/11/2017 106 CORNERSTONE INS PLC OLUWADAMILOLA OLAJIDE-AWOSEDO ACCIDENT 4,050,000.00 03/01/2017 107 CORNERSTONE INS PLC DANGOTE CEMENT PLC- GBOKO DANGOTE CEMENT OBAJANA 4,797,500.00 03/01/2017 108 CORNERSTONE INS PLC DANGOTE SUGAR REFINERY PLC ACCIDENT & THIRD PARTY 5,750,000.00 04/01/2017 109 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 6,900,000.00 16/01/2017 110 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 18,000,000.00 16/01/2017 111 CORNERSTONE INS PLC DANGOTE CEMENT PLC- BENUE ACCIDENT AND THIRD PARTY 9,583,750.00 17/01/2017 112 CORNERSTONE INS PLC KAREEM BAMIDELE ACCIDENTAL DAMAGE 5,087,500.00 19/01/2017 113 CORNERSTONE INS PLC OLUFUNMILOLA OGUNSANYA ACCIDENT 4,470,000.00 20/01/2017 114 CORNERSTONE INS PLC MR JOHN EZE ACCIDENT 5,940,000.00 20/01/2017 115 CORNERSTONE INS PLC OMITAOMU HAASAN ACCIDENT 6,300,000.00 20/01/2017 116 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 7,075,000.00 27/01/2017 117 CORNERSTONE INS PLC DANGOTE SUGAR REFINERY PLC ACCIDENT AND THIRD PARTY 3,750,000.00 01/02/2017 118 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 3,560,000.00 13/02/2017 119 CORNERSTONE INS PLC CHUDDY N SYSTEM/FCMB BANK PLC ACCIDENT 4,275,537.00 15/02/2017 120 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA DANGOTE CEMENT OBAJANA 6,000,000.00 15/02/2017 124 Nigeria Insurance Digest 2017

Motor Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

121 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 3,560,000.00 16/02/2017 122 CORNERSTONE INS PLC ATOFARATI ADESANYA O ACCIDENT 6,120,000.00 17/02/2017 123 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 10,760,000.00 23/02/2017 124 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA DANGOTE CEMENT OBAJANA 6,000,000.00 02/03/2017 125 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 5,850,000.00 06/03/2017 126 CORNERSTONE INS PLC DANGOTE CEMENT PLC - BENUE ACCIDENT 15,000,000.00 07/03/2017 127 CORNERSTONE INS PLC DANGOTE CEMENT PLC-IBESE PLANT ACCIDENT AND THIRD PARTY 3,722,350.00 10/03/2017 128 CORNERSTONE INS PLC MRS OLUDOLAPO ADEGBEMILE TOTAL LOSS OF FORD EXPLORER 5,737,500.00 10/03/2017 129 CORNERSTONE INS PLC ME OLATUNDE ADEGBEMILE TOTAL LOSS OF TOYOTA CAMRY 6,475,000.00 10/03/2017 130 CORNERSTONE INS PLC ULO CONSULTANTS LIMITED THEFT 6,604,500.00 14/03/2017 131 CORNERSTONE INS PLC DIGITAL FORENCICS LIMITED ACCIDENTAL DAMAGE 3,564,000.00 17/03/2017 132 CORNERSTONE INS PLC JOHNSON MAYOWA ACCIDENTAL DAMAGE 5,418,025.00 23/03/2017 133 CORNERSTONE INS PLC DANGOTE CEMENT PLC-GYPSUM ACCIDENT AND THIRD PARTY 5,100,000.00 24/03/2017 134 CORNERSTONE INS PLC DANGOTE CEMENT PLC-IBESE PLANT ACCIDENT AND THIRD PARTY 3,960,000.00 28/03/2017 135 CORNERSTONE INS PLC ODUNSI SIKIRU ALADE RTA 7,600,000.00 28/03/2017 136 CORNERSTONE INS PLC ADEYEMI OLABIMPE A ACCIDENT 3,520,000.00 06/04/2017 137 CORNERSTONE INS PLC DANGOTE INDUSTRIES LIMITED ACCIDENT 10,785,000.00 06/04/2017 138 CORNERSTONE INS PLC DANGOTE CEMENT IBESE ACCIDENT AND THIRD PARTY 4,355,000.00 19/04/2017 139 CORNERSTONE INS PLC NASCON PLC ACCIDENT AND THIRD PARTY 5,393,750.00 19/04/2017 140 CORNERSTONE INS PLC NASCON PLC ACCIDENT AND THIRD PARTY 5,272,250.00 20/04/2017 141 CORNERSTONE INS PLC DANGOTE CEMENT PLC - IBESE PLANT ACCIDENT AND THIRD PARTY 4,047,624.87 25/04/2017 142 CORNERSTONE INS PLC DANGOTE CEMENT PLC - IBESE PLANT ACCIDENT AND THIRD PARTY 3,997,624.87 26/04/2017 143 CORNERSTONE INS PLC I I T A RTA 4,200,000.00 26/04/2017 144 CORNERSTONE INS PLC KAURA MOTORS NIGERIA LIMITED ACCIDENT 4,480,000.00 26/04/2017 145 CORNERSTONE INS PLC DANGOTE CEMENT PLC – IBESE PLANT ACCIDENT AND THIRD PARTY 20,155,000.00 28/04/2017 146 CORNERSTONE INS PLC OLUWATOSIN OLAMIDAYO OLUKOGA ACCIDENT 5,400,000.00 08/05/2017 147 CORNERSTONE INS PLC DANGOTE CEMENT PLC-LPFO ACCIDENT AND THIRD PARTY 8,000,000.00 17/05/2017 148 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 3,730,000.00 30/05/2017 149 CORNERSTONE INS PLC DANGOTE CEMENT PLC-IBESE ACCIDENT AND THIRD PARTY 4,450,000.00 31/05/2017 150 CORNERSTONE INS PLC DANGOTE CEMENT PLC-IBESE ACCIDENT AND THIRD PARTY 3,750,000.00 02/06/2017 151 CORNERSTONE INS PLC DANGOTE CEMENT PLC-LPFO/GYPSUM ACCIDENT AND THIRD PARTY 12,073,600.00 05/06/2017 152 CORNERSTONE INS PLC ADEKUNLE LAWAL ACCIDENT AND THIRD PARTY 8,748,600.00 08/06/2017 153 CORNERSTONE INS PLC PWAN HOMES LIMITED ACCIDENTAL DAMAGE 3,960,000.00 14/06/2017 154 CORNERSTONE INS PLC DANGOTE CEMENT PLC – IBESE PLANT ACCIDENT AND THIRD PARTY 6,000,000.00 14/06/2017 155 CORNERSTONE INS PLC DANGOTE CEMENT IBESE ACCIDENT AND THIRD PARTY 6,000,000.00 21/06/2017 156 CORNERSTONE INS PLC DANGOTE CEMENT PLC-IBSE PLANT ACCIDENT AND THIRD PARTY 3,750,000.00 05/07/2017 157 CORNERSTONE INS PLC DANGOTE CEMENT PLC – IBESE PLANT ACCIDENT AND THIRD PARTY 10,350,000.00 07/07/2017 158 CORNERSTONE INS PLC BABATUNDE&MOTUNRAYO FARO ACCIDENTAL DAMAGE 5,600,000.00 20/07/2017 159 CORNERSTONE INS PLC DANGOTE OIL REFINING CO. LTD. ACCIDENT AND THIRD PARTY 4,134,400.00 24/07/2017 160 CORNERSTONE INS PLC DANGOTE CEMENT PLC – IBESE PLANT ACCIDENT AND THIRD PARTY 5,013,800.00 28/07/2017 161 CORNERSTONE INS PLC DANGOTE CEMENT PLC- BENUE ACCIDENT AND THIRD PARTY 5,100,000.00 28/07/2017 162 CORNERSTONE INS PLC DANGOTE CEMENT PLC – IBESE PLANT ACCIDENT AND THIRD PARTY 3,750,000.00 02/08/2017 163 CORNERSTONE INS PLC DANGOTE CEMENT PLC- BENUE ACCIDENT AND THIRD PARTY 5,300,000.00 02/08/2017 164 CORNERSTONE INS PLC FCMB LTD/TOYEEB AWE ACCIDENT 8,338,500.00 10/08/2017 165 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 8,000,000.00 17/08/2017 166 CORNERSTONE INS PLC FAGBUYI FOLUKE MOTUNRAYO FIRE INCIDENT 4,500,000.00 21/08/2017 167 CORNERSTONE INS PLC DANGOTE CEMENT PLC-OBAJANA ACCIDENT AND THIRD PARTY 13,990,000.00 30/08/2017 168 CORNERSTONE INS PLC DANGOTE CEMENT PLC - IBESE PLANT ACCIDENT AND THIRD PARTY 3,500,000.00 06/09/2017 169 CORNERSTONE INS PLC DANGOTE CEMENT PLC – IBESE PLANT ACCIDENT AND THIRD PARTY 3,600,000.00 14/09/2017 170 CORNERSTONE INS PLC WILLIAMS MICHEAL FIRE INCIDENT 7,200,000.00 19/09/2017 171 CORNERSTONE INS PLC OLUWAIITAJANA AYODEJI SEUN FIRE DAMAGE 5,040,000.00 27/09/2017 172 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 11,740,000.00 06/10/2017 173 CORNERSTONE INS PLC INTERSWITCH LIMITED ACCIDENT 5,021,493.75 18/10/2017 174 CORNERSTONE INS PLC DANGOTE CEMENT PLC - IBESE P[LANT ACCIDENT AND THIRD PARTY 6,000,000.00 25/10/2017 175 CORNERSTONE INS PLC HUAWEI TECHNOLOGIES NIGERIA LTD ACCIDENTAL DAMAGE 7,677,500.00 26/10/2017 176 CORNERSTONE INS PLC MR OLADIPO ADISA MOHAMMED ACCIDENTAL DAMAGE 4,250,000.00 30/10/2017 177 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 4,280,597.30 30/10/2017 178 CORNERSTONE INS PLC INTERSWITCH LIMITED ACCIDENT 5,021,493.75 30/10/2017 179 CORNERSTONE INS PLC DANGOTE CEMENT PLC-LPFO/GYPSUM ACCIDENT AND THIRD PARTY 4,556,188.79 08/11/2017 180 CORNERSTONE INS PLC ONYEMALI IFEAKACHUKWU COLLINS FIRE DAMAGE 6,425,000.00 17/11/2017 Nigeria Insurance Digest 2017 125

Motor Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

181 CORNERSTONE INS PLC DANGOTE CEMENT PLC – IBESE PLANT ACCIDENT AND THIRD PARTY 4,795,395.84 28/11/2017 182 CORNERSTONE INS PLC DANGOTE CEMENT PLC-IBESE PLANT ACCIDENT AND THIRD PARTY 3,500,000.00 29/11/2017 183 CORNERSTONE INS PLC DANGOTE SUGAR REFINERY PLC ACCIDENT 9,000,000.00 29/11/2017 184 CORNERSTONE INS PLC DANGOTE CEMENT PLC- GBOKO ACCIDENT AND THIRD PARTY 5,000,000.00 30/11/2017 185 CORNERSTONE INS PLC DANGOTE CEMENT PLC- GBOKO ACCIDENT AND THIRD PARTY 5,000,000.00 05/12/2017 186 CORNERSTONE INS PLC DANGOTE CEMENT PLC- GBOKO ACCIDENT AND THIRD PARTY 5,100,000.00 06/12/2017 187 CORNERSTONE INS PLC DANGOTE CEMENT PLC-IBESE PLANT ACCIDENT AND THIRD PARTY 7,563,816.20 06/12/2017 188 CORNERSTONE INS PLC DANGOTE CEMENT PLC- BENUE ACCIDENT AND THIRD PARTY 5,300,000.00 13/12/2017 189 CORNERSTONE INS PLC EDOZIE NWANNENAH FIRE INCIDENT 6,555,000.00 19/12/2017 190 CORNERSTONE INS PLC DANGOTE CEMENT PLC-LPFO ACCIDENT AND THIRD PARTY 3,800,000.00 21/12/2017 191 CORNERSTONE INS PLC MRS LAWAL OLABISI OLUWATOYIN ACCIDENTAL DAMAGE 5,362,500.00 21/12/2017 192 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT 7,578,645.00 21/12/2017 193 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT 7,578,645.00 21/12/2017 194 CORNERSTONE INS PLC DANGOTE CEMENT PLC - OBAJANA DAMAGE 7,765,448.61 21/12/2017 195 CORNERSTONE INS PLC DANGOTE CEMENT OBAJANA ACCIDENT AND THIRD PARTY 14,136,805.00 27/12/2017 196 CUST. & ALLIED INS LTD IBADAN ELECTRICITY DIST. PLC THEFT OF TOYOTA PRADO 10,890,000.00 05/01/2017 197 CUST. & ALLIED INS LTD NNPC THEFT 4,719,000.00 19/01/2017 198 CUST. & ALLIED INS LTD FIDELITY BANK PLC/BIOFEM PHRMACEUTICALS ACCIDENT 3,800,000.00 19/01/2017 199 CUST. & ALLIED INS LTD STANBIC IBTC PENSION MANAGERS LTD DAMAGE 5,448,250.00 06/02/2017 200 CUST. & ALLIED INS LTD NIGERIAN AGIP OIL COMPANY ACCIDENT 4,770,000.00 17/02/2017 201 CUST. & ALLIED INS LTD SO AVIATION LIMITED FIRE DAMAGE 3,579,750.00 22/02/2017 202 CUST. & ALLIED INS LTD NIGERIAN AGIP OIL COMPANY FIRE DAMAGE 4,750,000.00 14/03/2017 203 CUST. & ALLIED INS LTD IGHODALO-OJIE AMIEHI TOLULOPE ABIKE ACCIDENT 3,952,771.79 30/03/2017 204 CUST. & ALLIED INS LTD STANBIC IBTC PENSION MANAGERS LIMITED DAMAGE 5,457,500.00 08/05/2017 205 CUST. & ALLIED INS LTD ARM HOLDING COMPANY LIMITED THEFT 4,320,000.00 12/05/2017 206 CUST. & ALLIED INS LTD MR. DONALD NWANKWO FIRE DAMAMGE 3,746,250.00 16/05/2017 207 CUST. & ALLIED INS LTD EZEKIEL OLUKAYODE OJO ACCIDENT 4,050,000.00 25/05/2017 208 CUST. & ALLIED INS LTD ROCK FOUNDATION LOGISTICS CO.LTD ACCIDENT 6,840,000.00 12/07/2017 209 CUST. & ALLIED INS LTD ROCK FOUNDATION LOGISTICS CO.LTD FIRE DAMAMGE 5,985,000.00 12/07/2017 210 CUST. & ALLIED INS LTD ETERNA PLC THEFT 15,300,000.00 13/07/2017 211 CUST. & ALLIED INS LTD CORNERSTONE INSURANCE PLC ACCIDENT 4,401,458.13 14/07/2017 212 CUST. & ALLIED INS LTD CRESEADA INTERNATIONAL LIMITED ACCIDENT 8,581,418.34 26/07/2017 213 CUST. & ALLIED INS LTD CRESEADA INTERNATIONAL LIMITED ACCIDENT 8,000,000.00 26/07/2017 214 CUST. & ALLIED INS LTD MARTINS IDOWU (MR) FIRE DAMAMGE 4,600,000.00 02/08/2017 215 CUST. & ALLIED INS LTD TRANSNATIONAL HAULAGE LIMITED ACCIDENT 6,156,000.00 02/08/2017 216 CUST. & ALLIED INS LTD GLOBE WILLIAMS FACILITY MGT LIMIT THEFT 3,969,000.00 16/08/2017 217 CUST. & ALLIED INS LTD STERLING BANK PLC/MAHINDRA W/A ACCIDENT 4,827,208.27 21/08/2017 218 CUST. & ALLIED INS LTD ABIOLA ONAKOYA FIRE 6,723,000.00 23/08/2017 219 CUST. & ALLIED INS LTD BLUEBIRD COMMUNICATION LIMITED THEFT 12,825,000.00 25/08/2017 220 CUST. & ALLIED INS LTD UAC FOODS ACCIDENT 4,471,480.00 30/08/2017 221 CUST. & ALLIED INS LTD SAHARA GROUP LIMITED ACCIDENT 5,187,000.00 21/09/2017 222 CUST. & ALLIED INS LTD FLOUR MILLS OF NIGERIA PLC & SUBSIDIARIE ACCIDENT 8,506,099.45 21/09/2017 C/O GLANVILL ENTHOVEN 223 CUST. & ALLIED INS LTD TRANSNATIONAL HAULAGE LIMITED ACCIDENT 5,743,184.40 28/09/2017 224 CUST. & ALLIED INS LTD NNPC ACCIDENT 7,932,500.00 11/10/2017 225 CUST. & ALLIED INS LTD NNPC ACCIDENT 7,101,250.00 18/10/2017 226 CUST. & ALLIED INS LTD STANBIC IBTC BANK PLC DAMAGE 5,886,801.60 01/11/2017 227 CUST. & ALLIED INS LTD NIGERIAN AGIP OIL COMPANY ACCIDENTAL DAMAGE 4,933,829.37 02/11/2017 228 CUST. & ALLIED INS LTD EMPLOYEES OF AIRTEL NETWORKS LTD ACCIDENT 3,510,000.00 06/11/2017 229 CUST. & ALLIED INS LTD MDS LOGISITICS PLC ACCIDENT AND THIRD PARTY 5,621,678.40 09/11/2017 230 CUST. & ALLIED INS LTD CADBURY NIGERIA PLC RTA 6,852,037.50 14/11/2017 231 CUST. & ALLIED INS LTD OLADIPUPO ESTHER ADEDOYIN ACCIDENT 11,988,000.00 21/11/2017 232 CUST. & ALLIED INS LTD FLOUR MILLS OF NIGERIA PLC & SUBSIDIARIE ACCIDENT 7,256,688.13 28/11/2017 C/O GLANVILL ENTHOVEN 233 CUST. & ALLIED INS LTD NNPC ACCIDENT 4,069,000.00 04/12/2017 234 CUST. & ALLIED INS LTD NIGERIAN AGIP OIL COMPANY ACCIDENT 10,273,500.00 08/12/2017 235 CUST. & ALLIED INS LTD PASTOR BENJAMIN U. OKOLO-EBUBE ACCIDENT 4,397,500.00 20/12/2017 236 ENSURE INS PLC TEMPO PETROLEUM LIMITED ACCIDENTAL DAMAGE 8,100,000.00 21/06/17 237 ENSURE INS PLC AKINWEKOMI OLUTOYIN FIRE DAMAGE 8,000,000.00 28/03/17 238 ENSURE INS PLC WALMIC SERVICES LIMITED ACCIDENTAL DAMAGE 4,914,000.00 05/11/17 239 ENSURE INS PLC ALEXANDRE QUAM AQUEREBURU ACCIDENTAL DAMAGE 4,136,299.51 09/12/17 240 ENSURE INS PLC GP GLOBAL STANDARD MOTORS ACCIDENTAL DAMAGE 4,050,000.00 28/04/17 126 Nigeria Insurance Digest 2017

Motor Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT DATE PAID PAID 241 ENSURE INS PLC NOCACO LIMITED ACCIDENTAL DAMAGE 3,948,750.00 26/04/17 242 ENSURE INS PLC GULF MOTOR NIGERIA LIMITED/ SARA ROSE NIG. LTD. ACCIDENTAL DAMAGE 3,870,000.00 20/04/17 243 ENSURE INS PLC INTERCONTRA INITIATIVES LIMITED ACCIDENTAL DAMAGE 3,597,046.75 22/05/17 244 ENSURE INS PLC ARK INSURANCE BROKERS LIMITED ACCIDENTAL DAMAGE 3,510,000.00 12/11/17 245 ENSURE INS PLC AKINWEKOMI OLUTOYIN FIRE INCIDENT 8,000,000.00 28/03/17 246 ENSURE INS PLC DAIRO OLUKEMISOLA YETUNDE THEFT 3,900,000.00 28/02/17 247 GNI PLC AYEPOLA FOLUSHO FIRE INCIDENT 3,538,125.00 25/07/2017 248 GNI PLC NAFDAC ACCIDENT 5,012,253.00 31/10/2017 249 GNI PLC CHRIST THE KING CATHOLIC COLLEGE ACCIDENT 6,142,500.00 25/05/2017 250 GNI PLC EMEX OIL NDAWTA NIGERIA LIMITED ACCIDENT 7,401,974.02 15/11/2017 251 GUINEA INS PLC RINGARDAS NIGERIA LTD ACCIDENT 3,555,000.00 24/05/2017 252 GUINEA INS PLC RINGARDAS NIGERIA LTD ACCIDENT 4,443,750.00 24/05/2017 253 IEI PLC G. U. OKEKE TRANSPORT SERVICES CO. LTD ACCIDENT 4,376,380.00 14/02/2017 254 IEI PLC NNPC ACCIDENTAL DAMAGE 6,480,000.00 02/03/2017 255 IEI PLC ABUBAKAR YAHAYA/NNPC ACCIDENTAL DAMAGE 4,512,500.00 01/03/2017 256 IEI PLC NNPC ACCIDENTAL DAMAGE 4,512,500.00 27/12/2017 257 IEI PLC A.O. OLUSI MOTORS NIGERIA ACCIDENTAL DAMAGE 3,922,013.50 27/12/2017 258 IEI PLC NNPC ACCIDENTAL DAMAGE 4,525,000.00 28/12/2017 259 IEI PLC EMEKA OBIKE ACCIDENTAL DAMAGE 4,300,000.00 27/12/2017 260 KBL INS LTD FIDELITY BANK/GPC ENERGY & LOGISTICS ACCIDENT AND THIRD PARTY 13,024,460.23 13/07/2017 261 KBL INS LTD NORTHBRIDGE ENERGY LIMITED ACCIDENT AND THIRD PARTY 4,500,000.00 14/07/2017 262 KBL INS LTD FLYMASTER EXPRESS LTD/KEYSTONE LTD ROBBERY/ACCIDENT 4,374,000.00 19/12/2017 263 KBL INS LTD GLOBE MOTORS HOLDINGS NIG./ EXCEEDING GRACE TRANSIT ACCIDENT 4,241,000.00 28/03/2017 264 KBL INS LTD SINOSTAR INT'L LTD ACCIDENT 4,234,500.00 27/02/2017 265 KBL INS LTD LUKUMAN HAMIDU ACCIDENT 4,182,100.00 28/08/2017 266 KBL INS LTD FIDELITY BANK PLC/ GPC ENERGY & LOGISTIC ACCIDENT AND THIRD PARTY 3,970,442.50 29/12/2017 267 KBL INS LTD PUTTY STONES LIMITED ACCIDENT AND THIRD PARTY 3,740,000.00 18/04/2017 268 KBL INS LTD DAVISON N. ORIAHI BURNT CASE OF TOYOTA HILUX 3,600,000.00 19/12/2017 269 KBL INS LTD INTERKEL NIGERIA LIMITED ACCIDENT 6,696,156.60 10/01/2017 270 KBL INS LTD EB LTD/ORCHID HOTEL LTD ACCIDENT 6,592,000.00 18/01/2017 271 LASACO ASS PLC FIDELITY BANK PLC/VO LOGISTICS LIMITED ACCIDENT 4,957,000.00 16/01/2017 272 LASACO ASS PLC SAGITTARIUS NIGERIA LIMITED ACCIDENT 3,632,000.00 16/03/2017 273 LASACO ASS PLC TES AIME BENOIT SERGE ACCIDENT 4,424,500.00 18/08/2017 274 LASACO ASS PLC PPP FLUID MECHANICS LIMITED ACCIDENT 4,579,953.25 20/09/2017 275 LASACO ASS PLC INLAND PETROLEUM & GAS LTD ACCIDENT 4,000,000.00 20/12/2017 276 LAW UNION & ROCK INS PLC SKYE BANK PLC/ ENTERPRISE TRANSPORT & LOGISTICS LTD ACCIDENTAL DAMAGE 3,035,975.00 06/09/2017 277 LAW UNION & ROCK INS PLC CHIDI NDUPU ENTERPRISE LIMITED ACCIDENTAL DAMAGE 3,150,000.00 08/12/2017 278 LAW UNION & ROCK INS PLC NIYYA FOOD AND DRINKS COMPANY LIMITED ACCIDENTAL DAMAGE 3,358,479.15 06/07/2017 279 LAW UNION & ROCK INS PLC JAMES A. ASHOKEJI ACCIDENTAL DAMAGE 3,600,000.00 04/01/2017 280 LAW UNION & ROCK INS PLC SWEDE CONTROL INTERTEK LTD ACCIDENTAL DAMAGE 3,804,750.00 07/02/2017 281 LAW UNION & ROCK INS PLC SKYE BANK PLC. / JAWURA ENVIRONMENTAL SERVICES LTD ACCIDENTAL DAMAGE 4,410,000.00 12/04/2017 282 LAW UNION & ROCK INS PLC SINOSTAR INT'L NIG LTD ACCIDENTAL DAMAGE 4,700,000.00 29/03/2017 283 LAW UNION & ROCK INS PLC SAFE ARRIVAL TRANSPORTATION AND LOGISTICS CO LTD ACCIDENTAL DAMAGE 4,823,568.00 11/05/2017 284 LAW UNION & ROCK INS PLC CONTINENTAL TRANSFERT TECHNIQUE LTD ACCIDENTAL DAMAGE 5,103,000.00 06/07/2017 285 LAW UNION & ROCK INS PLC CHEVRON EMPLOYEES MULTIPURPOSE CO-OPERATIVE SOCIETY ACCIDENTAL DAMAGE 5,258,799.05 03/01/2017 286 LAW UNION & ROCK INS PLC PAMELA OGBOGU BIQUILLON ACCIDENTAL DAMAGE 5,550,000.00 28/11/2017 287 LAW UNION & ROCK INS PLC ROCAD CONSTRUCTION LTD/SKYE BANK PLC ACCIDENTAL DAMAGE 5,725,683.40 23/01/2017 288 LAW UNION & ROCK INS PLC SFS CAPITAL NIGERIA LIMITED The 5,832,000.00 05/12/2017 289 LAW UNION & ROCK INS PLC INTERNATIONAL TRAUMA & CRITICAL CARE LTD/SKYE BANK PLC ACCIDENTAL DAMAGE 6,123,600.00 24/07/2017 290 LAW UNION & ROCK INS PLC SKYE BANK PLC. / JAWURA ENVIRONMENTAL SERVICES LTD ACCIDENTAL DAMAGE 6,820,000.00 02/06/2017 291 LAW UNION & ROCK INS PLC ABRAHAM OLUYEMISI JOHN The 9,918,000.00 23/11/2017 292 LAW UNION & ROCK INS PLC UNION BANK/GPC ENERGY & LOGISTICS LTD ACCIDENTAL DAMAGE 11,360,000.00 09/03/2017 293 LAW UNION & ROCK INS PLC FIDELITY BANK PLC/GPC ENERGY & LOGISTICS LTD ACCIDENTAL DAMAGE 11,759,318.35 07/03/2017 294 LEADWAY ASS CO LTD REYNOLDS CONSTRUCTION COMPANY NIGERIA LIMITED ACCIDENT 3,505,287.50 12/07/2017 295 LEADWAY ASS CO LTD MR ABIDEMI ABASS ACCIDENT 3,510,000.00 23/03/2017 296 LEADWAY ASS CO LTD C.U .MBAJI & SONS LIMITED ACCIDENT AND T/PARTY 3,510,000.00 13/03/2017 297 LEADWAY ASS CO LTD MR ADETOLA ODUKOMAIYA ACCIDENT 3,556,517.00 06/09/2017 298 LEADWAY ASS CO LTD MR AMBROSE FEESE ASULA ACCIDENT AND T/PARTY 3,600,000.00 28/03/2017 299 LEADWAY ASS CO LTD ACTIONAID NIGERIA ACCIDENT 3,600,000.00 30/03/2017 300 LEADWAY ASS CO LTD NIGERIAN BAR ASSOCIATION ACCIDENT 3,624,075.00 10/07/2017 Nigeria Insurance Digest 2017 127

Motor Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

301 LEADWAY ASS CO LTD MRS NURAT LAWAL ACCIDENTAL DAMAGE 3,705,000.00 31/05/2017 302 LEADWAY ASS CO LTD JB FARMS LIMITED ACCIDENT 3,727,238.50 03/04/2017 303 LEADWAY ASS CO LTD WORLD WIDE COMMERCIAL VENTURES LIMITED ACCIDENT 3,743,609.99 02/06/2017 304 LEADWAY ASS CO LTD TOTAL E AND P NIGERIA LIMITED ACCIDENTAL DAMAGE 3,760,500.00 07/08/2017 305 LEADWAY ASS CO LTD REYNOLDS CONSTRUCTION COMPANY NIGERIA LIMITED ACCIDENTAL DAMAGE 3,769,375.00 03/04/2017 306 LEADWAY ASS CO LTD BISWAL LIMITED ACCIDENT 3,800,000.00 23/08/2017 307 LEADWAY ASS CO LTD MR EDOHEN OMOROGIEVA ACCIDENT 3,809,750.00 02/02/2017 308 LEADWAY ASS CO LTD MR G ALEGE ACCIDENTAL DAMAGE 3,847,500.00 04/08/2017 309 LEADWAY ASS CO LTD GLOBACOM LIMITED ACCIDENT 4,016,250.00 20/03/2017 310 LEADWAY ASS CO LTD MR ADEKUNLE RASHEED AYOADE ACCIDENTAL DAMAGE 4,035,508.12 17/11/2017 311 LEADWAY ASS CO LTD K. O. B VENTURES NIGERIA LIMITED FIRE 4,050,000.00 04/01/2017 312 LEADWAY ASS CO LTD MRS TITILOPE ADETOLA OLALEYE ACCIDENT 4,050,000.00 13/12/2017 313 LEADWAY ASS CO LTD MR ADELAJA SULIAMON ADELE FIRE DAMAGE 4,124,250.00 03/05/2017 314 LEADWAY ASS CO LTD MR AFOLABI VINCENT AYESA ACCIDENTAL DAMAGE 4,212,000.00 06/02/2017 315 LEADWAY ASS CO LTD MISS RASHIDAT OLAYINKA MOMODU THEFT 4,275,000.00 15/03/2017 316 LEADWAY ASS CO LTD NIGERIAN BREWERIES PLC ACCIDENT 4,428,124.99 21/08/2017 317 LEADWAY ASS CO LTD REYNOLDS CONSTRUCTION COMPANY NIGERIA LIMITED LONE ACCIDENT 4,491,772.25 12/07/2017 318 LEADWAY ASS CO LTD BENIN ELECTRICITY DISTRIBUTION COMPANY FIRE DAMAGE 4,567,500.00 15/05/2017 319 LEADWAY ASS CO LTD STANDARD CHARTERED BANK NIGERIA LIMITED ACCIDENTAL DAMAGE 4,675,000.00 20/02/2017 320 LEADWAY ASS CO LTD NIGERIAN BREWERIES PLC ACCIDENT 4,707,000.00 25/10/2017 321 LEADWAY ASS CO LTD MR OLUWOLE OLUDURO ACCIDENTAL DAMAGE 4,875,000.00 23/03/2017 322 LEADWAY ASS CO LTD MISS OGONNA YVONNE AMOBI ACCIDENT 4,902,500.00 05/07/2017 323 LEADWAY ASS CO LTD MR WASIU ADEKUNLE ADEOJE ACCIDENTAL DAMAGE 5,265,000.00 19/05/2017 324 LEADWAY ASS CO LTD TRULUCK INTERNATIONAL NIGERIA LIMITED ACCIDENT 5,375,741.00 08/08/2017 325 LEADWAY ASS CO LTD TRULUCK INTERNATIONAL NIGERIA LIMITED ACCIDENTAL DAMAGE 5,728,500.00 03/01/2017 326 LEADWAY ASS CO LTD BRITISH AMERICAN TOBACCO NIGERIA LIMITED ACCIDENT 5,830,743.75 30/10/2017 327 LEADWAY ASS CO LTD DILE NIGERIA LIMITED ACCIDENTAL DAMAGE 5,985,000.00 25/07/2017 328 LEADWAY ASS CO LTD MOT DESIGNS THEFT 5,994,000.00 20/02/2017 329 LEADWAY ASS CO LTD CUSTODIAN AND ALLIED INSURANCE LIMITED ACCIDENT 6,243,750.00 29/09/2017 330 LEADWAY ASS CO LTD MR AL-AFEES OLANIYI BALOGUN ACCIDENT 6,400,000.00 25/09/2017 331 LEADWAY ASS CO LTD MR OBIORA OBI ACCIDENT AND THIRD PARTY 6,500,000.00 19/10/2017 332 LEADWAY ASS CO LTD MR ADEDAYO AZEEZ ADEYEMI FIRE DAMAGE 6,600,000.00 05/07/2017 333 LEADWAY ASS CO LTD AMERICAN TOWERS CORPORATION THEFT 6,837,468.76 02/08/2017 334 LEADWAY ASS CO LTD AMERICAN TOWERS CORPORATION THEFT 6,842,500.00 18/09/2017 335 LEADWAY ASS CO LTD EDDYSONS TRANSPORT (NIG) LIMITED ACCIDENT 7,901,550.00 20/11/2017 336 LEADWAY ASS CO LTD MR ODUWOLE AHMED ACCIDENTAL DAMAGE 8,075,000.00 09/03/2017 337 LEADWAY ASS CO LTD MOTHERCAT LIMITED ACCIDENTAL DAMAGE 8,255,520.00 07/08/2017 338 LEADWAY ASS CO LTD PEUGEOT AUTOMOBILE NIGERIA LIMITED ACCIDENTAL DAMAGE 8,344,040.00 15/06/2017 339 LEADWAY ASS CO LTD MR OLUTOSIN OMOKORE ACCIDENT 9,900,000.00 28/08/2017 340 LEADWAY ASS CO LTD CONSOLIDATED DISCOUNTS LIMITED ACCIDENT 10,500,000.00 21/11/2017 341 LEADWAY ASS CO LTD MR EBITIMI TABAI ACCIDENTAL DAMAGE 12,150,000.00 17/05/2017 342 LEADWAY ASS CO LTD MRS FLORENCE KALTUNGO ACCIDENTAL DAMAGE 13,365,000.00 13/07/2017 343 LEADWAY ASS CO LTD MOTHERCAT LIMITED ACCIDENTAL DAMAGE 18,830,700.00 02/08/2017 344 LEADWAY ASS CO LTD HONOURABLE AHMED BABBA ACCIDENTAL DAMAGE 26,550,000.00 03/08/2017 345 LEADWAY ASS CO LTD NIGERIA CIVIL AVIATION AUTHORITY ACCIDENT 33,750,000.00 12/05/2017 346 MBA PLC BOVAS AND COMPANY LIMITED ACCIDENT 3,525,000.00 09/10/2017 347 MBA PLC ELO B INDUSTIRES LIMITED ACCIDENT AND THIRD PARTY 3,600,000.00 11/10/2017 348 MBA PLC AROUND 'D' CLOCK SECURITY CO. LIMITED FIRE INCIDENT 3,667,187.50 12/05/2017 349 MBA PLC FRIESLANDCAMPINA WAMCO NIGERIA PLC. ACCIDENT 3,653,049.25 25/05/2017 350 MBA PLC MRS ABIMBOLA OLAMUYIWA ACCIDENT 3,809,500.00 16/08/2017 351 MBA PLC FCMB PLC/FIRST CHOICE LEASING ACCIDENT 3,849,500.00 18/08/2017 352 MBA PLC STANBIC IBTC BANK PLC. ACCIDENT 3,909,500.00 26/05/2017 353 MBA PLC TRANSNATIONAL HAULAGE LIMITED LONE ACCIDENT 3,991,946.31 14/12/2017 354 MBA PLC TRANSNATIONAL HAULAGE LIMITED LONE ACCIDENT 4,181,500.00 08/12/2017 355 MBA PLC NIGERIAN NATIONAL PETROLEUM CORPORATION. DAMAGE 4,331,977.50 25/08/2017 356 MBA PLC TREVO AFRICA CONCEPT LIMITED ACCIDENT AND THIRD PARTY 4,631,500.00 17/11/2017 357 MBA PLC ERNST & YOUNG ACCIDENT AND THIRD PARTY 4,404,380.00 26/01/2017 358 MBA PLC MOBIL PRODUCING NIGERIA UNLIMITED REIMBURSEMENT 4,663,616.75 14/07/2017 359 MBA PLC MRS. GANIYAT OMOTOLA AWOYEMI ACCIDENT 5,091,000.00 28/07/2017 360 MBA PLC WEST AFRICA ENERGY FIRE INCIDENT 5,130,000.00 25/04/2017 128 Nigeria Insurance Digest 2017

Motor Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

361 MBA PLC JNC INTERNATIONAL LIMITED ACCIDENT AND THIRD PARTY 5,364,500.00 10/01/2017 362 MBA PLC TRANSNATIONAL HAULAGE LIMITED LONE ACCIDENT 5,470,775.00 23/11/2017 363 MBA PLC OLABIMTAN SHINA MUSTAPHA FIRE DAMAGE 5,567,000.00 23/05/2017 364 MBA PLC UGBOR IFEANYI NKIRU FLOOD DAMAGE 5,850,000.00 16/08/2017 365 MBA PLC BOVAS AND COMPANY LIMITED ACCIDENT 6,007,700.00 06/11/2017 366 MBA PLC TRANSNATIONAL HAULAGE LIMITED LONE ACCIDENT 6,373,800.00 29/12/2017 367 MBA PLC MR LEONARD NWANNENAH ACCIDENT 6,564,500.00 27/04/2017 368 MBA PLC GALOOLI ADVANCED SOLUTIONS LIMITED ACCIDENT 6,752,500.00 14/11/2017 369 MBA PLC BOVAS AND COMPANY LIMITED FIRE INCIDENT 6,951,800.00 19/07/2017 370 MBA PLC FUNSHO LOGISTICS LIMITED ACCIDENT 6,958,578.20 12/04/2017 371 MBA PLC PROVIDUS BANK PLC ACCIDENT 7,134,500.00 19/01/2017 372 MBA PLC TRANSNATIONAL HAULAGE LIMITED LONE ACCIDENT 7,662,480.00 06/11/2017 373 MBA PLC TRANSNATIONAL HAULAGE LIMITED/ECOBANK PLC ACCIDENT AND THIRD PARTY 8,242,130.00 20/06/2017 374 MBA PLC MUTUAL MODEL TRANSPORT LIMITED FIRE INCIDENT 9,421,032.11 19/05/2017 375 MBA PLC TRANSNATIONAL HAULAGE LIMITED LONE ACCIDENT 11,287,282.50 06/11/2017 376 MBA PLC TRANSNATIONAL HAULAGE LIMITED ACCIDENT 12,377,005.63 18/10/2017 377 MBA PLC TRANSNATIONAL HAULAGE LIMITED DAMAGE 13,392,175.00 25/01/2017 378 MBA PLC TRANSNATIONAL HAULAGE LIMITED/ECOBANK LTD MULTIPLE ACCIDENT 13,420,000.00 06/09/2017 379 MBA PLC HAULAGE SPECIALIST LONE ACCIDENT 16,454,500.00 19/05/2017 380 MBA PLC HAULAGE SPECIALIST ACCIDENT 18,211,500.00 19/04/2017 381 NAIC HARTLAND NIGERIA LTD 3,855,600.00 06/12/2017 382 NAIC OLUWASEGUN ADEBAYO THEFT 3,762,000.00 29/12/2017 383 NEM INSURANCE PLC SETRACO NIGERIA LTD. ACCIDENT 3,505,500.00 JUNE, 2017 384 NEM INSURANCE PLC OLAREWAJU AWUJUOOLA NIGERIA LIMITED ACCIDENT 3,520,000.00 OCTOBER, 2017 385 NEM INSURANCE PLC JATTO JOY ACCIDENT 3,536,695.71 AUGUST, 2017 386 NEM INSURANCE PLC SETRACO NIGERIA LTD. ACCIDENT 3,548,250.00 JUNE, 2017 387 NEM INSURANCE PLC GMT HAULAGE & DIST. LTD./MPZ TRUCKING LTD. ACCIDENT 3,549,696.21 JANUARY, 2017 388 NEM INSURANCE PLC DANGOTE CEMENT PLC - OBAJANA & IBESE ACCIDENT 3,590,491.88 DECEMBER, 2017 389 NEM INSURANCE PLC MR. HASSAN OMOWUNMI MURTALA ACCIDENT 3,600,000.00 JANUARY, 2017 390 NEM INSURANCE PLC AFRICAN MECHANICAL & SUPERLIFT LIMITED ACCIDENT 3,600,000.00 FEBRUARY, 2017 391 NEM INSURANCE PLC NEW AGE ENERGY LIMITED ACCIDENTAL DAMAGE 3,610,000.00 JANUARY, 2017 392 NEM INSURANCE PLC FEDERAL INLAND REVENUE SERVICES ACCIDENT 3,632,186.25 OCTOBER, 2017 393 NEM INSURANCE PLC JOHNSON BEULAH TOKUNBO ACCIDENT 3,791,769.15 FEBRUARY, 2017 394 NEM INSURANCE PLC TRULUCK INTERNATIONAL NIGERIA LTD. ACCIDENT 3,867,557.00 MARCH, 2017 395 NEM INSURANCE PLC RCCG, THE TEMPLE OF GOD PARISH CHURCH ACCIDENT 3,871,928.00 SEPTEMBER, 2017 396 NEM INSURANCE PLC SINGEOBI TRANSPORT LIMITED ACCIDENT 3,884,350.00 DECEMBER, 2017 397 NEM INSURANCE PLC INTELS NIGERIA LTD ACCIDENT 3,897,000.00 SEPTEMBER, 2017 398 NEM INSURANCE PLC WEST AFRICAN SEASONING CO.LIMITED ACCIDENT 3,910,200.00 OCTOBER, 2017 399 NEM INSURANCE PLC IFE IRON & STEEL NIGERIA FIRE INCIDENT 3,917,043.00 NOVEMBER, 2017 400 NEM INSURANCE PLC ELALAN CONSTRUCTION CO. NIG. LTD. ACCIDENT 3,943,687.50 DECEMBER, 2017 401 NEM INSURANCE PLC JULIUS BERGER NIGERIA PLC ACCIDENT 4,000,000.00 FEBRUARY, 2017 402 NEM INSURANCE PLC JULIUS BERGER NIGERIA PLC ACCIDENT 4,000,000.00 SEPTEMBER, 2017 403 NEM INSURANCE PLC ATIAT INVESTMENTS LIMITED ACCIDENT 4,006,000.00 DECEMBER, 2017 404 NEM INSURANCE PLC DIAMOND PEARLS AGRO ALLIED LTD ACCIDENT 4,050,000.00 SEPTEMBER, 2017 405 NEM INSURANCE PLC THOM-LEE NIGERIA LIMITED ACCIDENT 4,057,500.00 SEPTEMBER, 2017 406 NEM INSURANCE PLC DANGOTE CEMENT PLC - OBAJANA & IBESE ACCIDENT 4,087,500.00 JUNE, 2017 407 NEM INSURANCE PLC SMINMETALS TRANSPORT COMPANY LIMITED ACCIDENT 4,113,100.00 FEBRUARY, 2017 408 NEM INSURANCE PLC EMECHETA OFONDU ACCIDENT 4,124,308.98 AUGUST, 2017 409 NEM INSURANCE PLC RIVERSIDE TRANSPORT LIMITED ACCIDENT 4,130,437.24 OCTOBER, 2017 410 NEM INSURANCE PLC LIVINGSPRING BULK PURCHASE LTD THEFT 4,131,000.00 SEPTEMBER, 2017 411 NEM INSURANCE PLC TRANSMED DISTR. & LOGISTICS NIG LTD. ACCIDENT 4,133,692.93 MAY,2017 412 NEM INSURANCE PLC FEDERAL INLAND REVENUE SERVICES ACCIDENT 4,214,361.60 OCTOBER, 2017 413 NEM INSURANCE PLC ALHAJI OWOLABI ABBAS ACCIDENT 4,275,000.00 MAY, 2017 414 NEM INSURANCE PLC CLEAREDGE MEDIA LIMITED THEFT 4,293,000.00 JANUARY, 2017 415 NEM INSURANCE PLC SIEMENS LIMITED NIGERIA THEFT 4,302,000.00 SEPTEMBER, 2017 416 NEM INSURANCE PLC SINGEOBI TRANSPORT LIMITED ACCIDENT 4,318,850.00 OCTOBER, 2017 417 NEM INSURANCE PLC FAN MILK PLC ACCIDENT 4,319,154.52 NOVEMBER, 2017 418 NEM INSURANCE PLC RUSY TWIENER NIG LTD ACCIDENT 4,325,000.00 JULY, 2017 419 NEM INSURANCE PLC SCIB MOTOR FLEET SCHEME FIRE DAMAGE 4,480,000.00 AUGUST,2017 420 NEM INSURANCE PLC KAMELDOR RESOURCES NIG. LTD BURNT VEHICLE 4,576,500.00 JANUARY, 2017 Nigeria Insurance Digest 2017 129

Motor Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

421 NEM INSURANCE PLC ASIABABOR TAWO (HON) FIRE ACCIDENT 4,617,000.00 OCTOBER, 2017 422 NEM INSURANCE PLC NATIONAL JUDICIAL COUNCIL ACCIDENT 4,621,276.80 DECEMBER, 2017 423 NEM INSURANCE PLC JULIUS BERGER NIGERIA PLC ACCIDENT 4,650,000.00 MAY, 2017 424 NEM INSURANCE PLC GASLINK NIGERIA LIMITED DAMAGE 4,664,425.58 AUGUST, 2017 425 NEM INSURANCE PLC WEST AFRICAN SEASONING CO.LIMITED ACCIDENT 4,769,000.00 AUGUST, 2017 426 NEM INSURANCE PLC MR. RAJI MODIBBO TUKUR ACCIDENT 4,860,000.00 JUNE, 2017 427 NEM INSURANCE PLC CHIEF ABIMBOLA BODE THOMAS ACCIDENT 4,875,000.00 SEPTEMBER, 2017 428 NEM INSURANCE PLC DANGOTE CEMENT PLC - OBAJANA & IBESE ACCIDENT 4,912,500.00 DECEMBER, 2017 429 NEM INSURANCE PLC MR. HASSAN OMOWUMI MURTALA ACCIDENT 4,914,748.08 NOVEMBER, 2017 430 NEM INSURANCE PLC EJIOGU, PATRICK LIBERTY THEFT 4,950,000.00 JANUARY, 2017 431 NEM INSURANCE PLC BALFOUR LOGISTICS LIMITED ACCIDENT 5,130,000.00 JULY, 2017 432 NEM INSURANCE PLC SINOSTAR INT'L NIGERIA LIMITED ACCIDENT 5,175,500.00 JANUARY, 2017 433 NEM INSURANCE PLC BOVAS & COMPANY LIMITED ACCIDENT 5,211,000.00 JULY, 2017 434 NEM INSURANCE PLC NIPCO PLC ACCIDENT 5,220,000.00 JANUARY, 2017 435 NEM INSURANCE PLC BUSINESS OBJECTS LTD THEFT 5,258,250.00 JANUARY, 2017 436 NEM INSURANCE PLC NOVEL UNIVERSAL RESOURCES NIGERIA LTD ACCIDENT 5,265,000.00 JANUARY, 2017 437 NEM INSURANCE PLC SIEMENS NIGERIA LIMITED ACCIDENT 5,415,000.00 JANUARY, 2017 438 NEM INSURANCE PLC MIDWAVE LOGISTICS LIMITED ACCIDENT 5,444,829.25 JULY, 2017 439 NEM INSURANCE PLC COASTWISE LIMITED ACCIDENT 5,450,000.00 APRIL, 2017 440 NEM INSURANCE PLC JUBAILI BROS ( ENGINEERING) LIMITED ACCIDENT 5,588,599.32 NOVEMBER, 2017 441 NEM INSURANCE PLC SMINMETALS TRANSPORT COMPANY LIMITED ACCIDENT 5,593,980.00 JUNE, 2017 442 NEM INSURANCE PLC NOVEL UNIVERSAL RESOURCES NIGERIA LTD ACCIDENT 5,665,000.00 MAY, 2017 443 NEM INSURANCE PLC INTELS NIGERIA LTD. ACCIDENT 5,693,200.00 DECEMBER, 2017 444 NEM INSURANCE PLC MIDFIELD INSURANCE BROKERS LTD ACCIDENT 5,700,000.00 JULY, 2017 445 NEM INSURANCE PLC LECON FINANCIAL SERVICES LIMITED ACCIDENT 5,760,000.00 AUGUST, 2017 446 NEM INSURANCE PLC ADEOYE ODERINDE ACCIDENT 5,850,000.00 FEBRUARY, 2017 447 NEM INSURANCE PLC TOTAL NIG PLC ACCIDENT 6,331,500.00 AUGUST, 2017 448 NEM INSURANCE PLC CUMMINS WEST AFRICA INCLUDING CONTROLLED, ACCIDENT 6,462,800.00 JUNE, 2017 SUBSIDIARY AND/OR 449 NEM INSURANCE PLC INTEGRATED MOTORS INDUSTRIES LTD ACCIDENT 6,480,000.00 JUNE, 2017 450 NEM INSURANCE PLC AZURA POWER WEST AFRICA ACCIDENT 6,660,000.00 MARCH, 2017 451 NEM INSURANCE PLC IBG INVESTMENT CO.LTD. 6,723,750.00 APRIL, 2017 452 NEM INSURANCE PLC SMINMETALS TRANSPORT COMPANY LTD ACCIDENT 6,852,483.05 SEPTEMBER, 2017 453 NEM INSURANCE PLC NWAMU OMEKANNAYA CHUK ACCIDENT 6,885,000.00 FEBRUARY, 2017 454 NEM INSURANCE PLC NOVEL UNIVERSAL RESOURCES NIGERIA LTD ACCIDENT 7,065,000.00 OCTOBER, 2017 455 NEM INSURANCE PLC ILF ENGINEERS NIGERIA LIMITED ACCIDENT 7,079,295.60 15/12/2017 456 NEM INSURANCE PLC CFS FINANCIAL SERVICES LIMITED RTA 7,101,000.00 SEPTEMBER, 2017 457 NEM INSURANCE PLC A.G LEVENTIS (NIG) P.L.C ACCIDENT 7,134,058.53 18/01/2017 458 NEM INSURANCE PLC CRYSTALTEK SOLUTIONS & SERVICE LIMITED ACCIDENT 7,312,500.00 OCTOBER, 2017 459 NEM INSURANCE PLC OMNIK LIMITED DAMAGE 7,891,386.82 NOVEMBER, 2017 460 NEM INSURANCE PLC MRS MODUPE, AYODEJI EDEKE-MFON ACCIDENT 8,034,000.00 NOVEMBER, 2017 461 NEM INSURANCE PLC DON TREASURE NIGERIA LTD BURNT VEHICLE 8,100,000.00 SEPTEMBER, 2017 462 NEM INSURANCE PLC EROTON EXPLORATION AND PRODUCTION CO.LTD ACCIDENT 8,351,797.41 DECEMBER, 2017 463 NEM INSURANCE PLC BAYO ADEYEMO & SONS LIMITED ACCIDENT 8,473,698.00 FEBRUARY, 2017 464 NEM INSURANCE PLC SUNTORY BEVERAGE & FOODS NIGERIA LIMITED ACCIDENT 8,687,250.00 SEPTEMBER, 2017 465 NEM INSURANCE PLC RIVERSIDE TRANSPORT LIMITED ACCIDENT 9,205,500.00 MARCH,2017 466 NEM INSURANCE PLC RIVERSIDE TRANSPORT LIMITED FIRE ACCIDENT 9,690,000.00 JUNE, 2017 467 NEM INSURANCE PLC DIGITAL INTERNATIONAL HAULAGE ACCIDENT 9,828,000.00 SEPTEMBER, 2017 468 NEM INSURANCE PLC FAN MILK PLC ACCIDENT 10,321,000.00 NOVEMBER, 2017 469 NEM INSURANCE PLC NIPCO PLC ACCIDENT 11,000,000.00 SEPTEMBER, 2017 470 NEM INSURANCE PLC AMO GROUP ACCIDENT 11,816,896.48 JUNE, 2017 471 NEM INSURANCE PLC AMO GROUP ACCIDENT 11,816,896.48 SEPTEMBER, 2017 472 NEM INSURANCE PLC SETRACO NIGERIA LTD. ACCIDENT 12,646,232.51 MARCH,2017 473 NEM INSURANCE PLC JUKEE LOGISTICS COMPANY ACCIDENT 12,830,500.00 OCTOBER, 2017 474 NEM INSURANCE PLC LANRE SHITTU MOTORS NIGERIA LTD ACCIDENT 12,937,462.78 JANUARY, 2017 475 NEM INSURANCE PLC MIDWAVE LOGISTICS LIMITED ACCIDENT 13,108,766.67 JUNE, 2017 476 NEM INSURANCE PLC HONEYWELL OIL & GAS LTD ACCIDENT 13,376,000.00 DECEMBER, 2017 477 NEM INSURANCE PLC MURPHY SHIPPING AND COMMERCIAL SERVICES ACCIDENT 14,624,862.66 JANUARY, 2017 478 NEM INSURANCE PLC CHINONSO ORAELOSI ACCIDENT 14,625,000.00 AUGUST, 2017 479 NICON INS PLC NIGER DELTA POWER HOLDING COMPANY ACCIDENTAL DAMAGE 5,400,000.00 12/04/2017 480 NIGER INS PLC DE-DEMAK NIG. LTD ACCIDENT 4,698,000.00 27/01/2017 130 Nigeria Insurance Digest 2017

Motor Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT DATE PAID PAID 481 NIGER INS PLC TRUSTFUND PENSIONS PLC ACCIDENT 3,938,879.83 24/01/2017 482 NIGER INS PLC NATIONAL FILM & VIDEO CENSORS BOARD THEFT 5,663,520.00 14/07/2017 483 NSIA INS CO LTD 3DMATIC ATELIER LTD/DIAMOND BANK PLC ACCIDENT 5,240,810.05 18/12/2017 484 NSIA INS CO LTD MICHEAL CHUKWUDI EZEIFEKA / DIIAMOND BANK PLC ACCIDENT 5,103,000.00 26/05/2017 485 NSIA INS CO LTD MUSHAFAU ADEDOKUN QUADRI ACCIDENT 4,702,050.00 07/06/2017 486 NSIA INS CO LTD NATIONAL UNION OF TEXTILE GARMENT AND TAILORING WORKERS ACCIDENT 4,483,350.00 06/07/2017 487 NSIA INS CO LTD BAZUCHY INTERIORS ACCIDENT 3,854,236.25 27/03/2017 488 NSIA INS CO LTD Mr ADESAYAN OLALEKAN ATOFARATI ACCIDENT 8,970,000.00 29/06/2017 489 NSIA INS CO LTD Mr IDOWU AROGUNDADE ACCIDENT 4,972,000.00 16/01/2017 490 NSIA INS CO LTD STANDARD PLATFORM GLOBAL LIMITED ACCIDENT 4,957,875.00 28/02/2017 491 NSIA INS CO LTD OLUCHUKWU OIL & GAS NIG LTD ACCIDENT 4,168,125.00 21/03/2017 492 NSIA INS CO LTD STERLING BANK PLC ACCIDENT 3,882,000.00 23/05/2017 493 NSIA INS CO LTD LEKKI GARDENS ESTATE LIMITED ACCIDENT 3,501,225.00 31/10/2017 494 OLD MUTUAL GEN NES AFRICA LIMITED22847 ACCIDENT 3,738,158.20 03/05/2017 495 OLD MUTUAL GEN EDC REGISTRARS LIMITED ACCIDENT 3,918,180.03 26/01/2017 496 OLD MUTUAL GEN ECOBANK NIGERIA LTD./ BRAND REG ACCIDENT 4,988,756.25 07/12/2017 497 OLD MUTUAL GEN MANDILAS ENTERPRISES /RAND MERC ACCIDENT 15,262,500.00 24/10/2017 498 OLD MUTUAL GEN ELIM MOTORS NIGERIA LIMITED/ECO ACCIDENT 19,708,650.00 05/07/2017 499 OLD MUTUAL GEN ELIM MOTORS NIGERIA LIMITED/ECO ACCIDENT 49,271,625.00 05/07/2017 500 PRESTIGE ASS PLC BLACKWELL ENERGY LIMITED FIRE ACCIDENT 8,500,000.00 05/12/2017 501 PRESTIGE ASS PLC STONEHOOD LIMITED ACCIDENT 6,088,775.78 14/03/2017 502 PRESTIGE ASS PLC TATA AFRICA SERVICES NIGERIA LTD ACCIDENT 6,000,000.00 23/11/2017 503 PRESTIGE ASS PLC WEST AFRICAN TOBACCO CO. LIMITED THEFT 4,556,000.00 30/11/2017 504 PRESTIGE ASS PLC WEST AFRICAN TOBACCO CO. LIMITED FIRE DAMAGE 4,210,000.00 30/11/2017 505 PRESTIGE ASS PLC CHUKWUEMEKA NWAMU ACCIDENT 4,000,000.00 15/12/2017 506 PRESTIGE ASS PLC STALLION MOTORS LTD & ASSOCIATED & GROUP COYS ACCIDENT 3,950,000.00 11/12/2017 507 PRESTIGE ASS PLC MARENELLO COMMODITIES LIMITED ACCIDENT 3,600,000.00 21/03/2017 508 REGENCY ALLIANCE INS PLC VENERABLE. DR. AYO FAGBEMI THEFT 13,513,500.00 25/08/2017 509 REGENCY ALLIANCE INS PLC AZEEZ BUKOYE OWOLEWA FIRE DAMAGE 6,560,000.00 28/09/2017 510 REGENCY ALLIANCE INS PLC CENTRAL BANK OF NIGERIA ACCIDENT 6,480,000.00 07/09/2017 511 REGENCY ALLIANCE INS PLC MR ALAUSA CLIENTS ACCIDENT 5,681,250.00 01/02/2017 512 REGENCY ALLIANCE INS PLC BANK OF AGRICULTURE LIMITED THEFT 3,690,750.00 19/01/2017 513 SA INS PLC UNITY BANK/TRULUCK INT'L NIGERIA LTD ACCIDENT 4,195,260.00 08/05/2017 514 SA INS PLC MR. DAN OKEKE ACCIDENT 8,200,000.00 13/01/2017 515 SUNU ASS. NIG PLC S.P UMOLO/E.T.B DR. ACCIDENT 8,028,900.00 24/10/2017 516 SUNU ASS. NIG PLC RIVERSIDE TRANSPORT LIMITED ACCIDENT 6,783,000.00 31/05/2017 517 SUNU ASS. NIG PLC RIVERSIDE TRANSPORT LIMITED ACCIDENT 6,443,850.00 16/02/2017 518 SUNU ASS. NIG PLC INTEGRATED MOTORS INDUSRTIES LTD. ACCIDENT 5,467,200.00 19/07/2017 519 SUNU ASS. NIG PLC KEN MADUAKOR GROUP LIMITED ACCIDENT 5,291,000.00 07/11/2017 520 SUNU ASS. NIG PLC ONITSHA SOUTH URBAN MASS TRANSIT LTD/FBN PLC ACCIDENT 4,883,500.00 10/05/2017 521 SUNU ASS. NIG PLC ONITSHA SOUTH URBAN MASS TRANSIT LTD/FBN PLC ACCIDENT 4,883,000.00 12/05/2017 522 SUNU ASS. NIG PLC FIN. & COMMERCIAL SERV. LTD ACCIDENT 4,816,550.00 12/04/2017 523 SUNU ASS. NIG PLC G. U. OKEKE TRANSPORT SERV. CO. LTD ACCIDENT 4,376,280.00 11/01/2017 524 SUNU ASS. NIG PLC FIDELITY BANK PLC/JOZA GLOBAL LOGISTICS LIMITED ACCIDENT & 3RD PARTY 4,098,750.00 07/11/2017 525 SUNU ASS. NIG PLC CROSS COUNTRY LIMITED THEFT 4,000,000.00 04/07/2017 526 SUNU ASS. NIG PLC NNAMDI AZIKIWE UNIVERSITY FIRE DAMAGED 3,728,400.00 16/05/2017 527 SAHAM UNITRUST SOUTH ENERGYX NIGERIA LTD ACCIDENT & 3RD PARTY 4,649,419.66 05/09/2017 528 SAHAM UNITRUST SOUTH ENERGYX NIGERIA LTD ACCIDENT 4,915,662.61 24/03/2017 529 SAHAM UNITRUST CONSOLIDATED CONTRACTORS OIL, GAS AND WATER LTD. ACCIDENT & 3RD PARTY 5,000,000.00 19/01/2017 530 SAHAM UNITRUST SOUTH ENERGYX NIGERIA LTD ACCIDENT 5,130,000.00 23/05/2017 531 SAHAM UNITRUST SOUTH ENERGYX NIGERIA LTD ACCIDENT 5,546,153.46 24/03/2017 532 SAHAM UNITRUST SOUTH ENERGYX NIGERIA LTD ACCIDENT 5,850,000.00 27/11/2017 533 SAHAM UNITRUST AFRICAN TRUCKERS LTD. ACCIDENT 6,000,000.00 10/03/2017 534 SAHAM UNITRUST SOUTH ENERGYX NIG LTD (IBADAN DEPOT) ACCIDENT 7,662,575.00 27/01/2017 535 SAHAM UNITRUST CCC CONSTRUCTION NIG LTD. ACCIDENT 10,000,000.00 08/12/2017 536 SAHAM UNITRUST AFRICAN TRUCKERS LTD. ACCIDENT 11,750,000.00 31/03/2017 537 SAHAM UNITRUST UNITED INTEGRATED CONST.LTD. ACCIDENT 12,268,909.00 30/03/2017 538 VERITAS KAPITAL ASS PLC ACCIDENT & 3RD PARTY 4,593,000.00 20/01/2017 539 WAPIC INS PLC TAYO OYETIBO & CO ACCIDENTAL DAMAGE 3,610,000.00 30/03/2017 540 WAPIC INS PLC ACCESS BANK PLC/ GUINNESS NIG. PLC ACCIDENTAL DAMAGE 3,863,700.00 18/04/2017

132 Nigeria Insurance Digest 2017

Motor Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

541 WAPIC INS PLC ACCESS BANK PLC/ GUINNESS NIG. PLC ACCIDENTAL DAMAGE 3,876,200.00 18/04/2017 542 WAPIC INS PLC BERACHAH AGROVET INT CONSULT/ ACCESS BANK PLC ACCIDENTAL DAMAGE 4,414,314.25 24/07/2017 543 WAPIC INS PLC ACCESS BANK PLC/ FEMPAC LIMITED ACCIDENTAL DAMAGE 4,674,000.00 30/06/2017 544 WAPIC INS PLC Mrs. KOFOWOROLA .O AKANDE THEFT 4,680,000.00 22/06/2017 545 WAPIC INS PLC ANITA CHIZOBA UCHEBO/ ACCESS BANK PLC ACCIDENTAL DAMAGE 4,730,275.00 20/07/2017 546 WAPIC INS PLC ALHAJI AJAO TRIMISIYU ADEKUNLE ACCIDENTAL DAMAGE 4,760,000.00 05/05/2017 547 WAPIC INS PLC ACCESS BANK PLC ACCIDENTAL DAMAGE 4,959,093.75 12/07/2017 548 WAPIC INS PLC ACCESS BANK PLC/ RADIAL CIRCLE MARINE SERVICES LIMITED ACCIDENTAL DAMAGE 5,017,950.00 25/05/2017 549 WAPIC INS PLC TEMITOPE AKINPELU / ACCESS BANK PLC ACCIDENTAL DAMAGE 6,318,000.00 18/04/2017 550 WAPIC INS PLC ACCESS BANK PLC/ COLOR SENSE LTD ACCIDENTAL DAMAGE 6,355,000.00 13/02/2017 551 WAPIC INS PLC ACCESS BANK PLC ACCIDENTAL DAMAGE 6,716,022.40 09/03/2017 552 WAPIC INS PLC LOGIK FIELD LIMITED ACCIDENTAL DAMAGE 9,805,755.66 12/05/2017 553 WAPIC INS PLC MR. OYEWUSI ANTHONIO SIJI ACCIDENTAL DAMAGE 13,510,000.00 09/06/2017 554 WAPIC INS PLC STERLING BANK PLC ACCIDENTAL DAMAGE 15,000,000.00 04/05/2017 555 WAPIC INS PLC BIG JOE VENTURES LIMITED ACCIDENT 6,422,500.00 30/10/2017 556 WAPIC INS PLC BELLEZA CONCEPTS SERVICES LTD ACCIDENTAL DAMAGE 3,655,000.00 06/12/2017 557 WAPIC INS PLC SAMSON MR. SOKUNBI SAMSON FIRE INCIDENT 5,410,000.00 20/12/2017 Nigeria Insurance Digest 2017 133

Fire & Special Perils Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

1 AXA MANSARD INS PLC DANGOTE CEMENT PLC - IBESE PLANT TERRORISM 167,951,111.11 24/02/2017 2 AXA MANSARD INS PLC NIGERIAN BREWERIES PLC FIRE 87,994,522.97 04/07/2017 3 AXA MANSARD INS PLC DANGOTE CEMENT PLC - IBESE PLANT MACHINERY BREAKDOWN 75,775,023.02 18/08/2017 4 AXA MANSARD INS PLC DANGOTE CEMENT PLC - IBESE PLANT FIRE 63,824,153.99 18/08/2017 5 AXA MANSARD INS PLC CONVERTERS NIGERIA LTD FIRE 25,152,985.49 07/03/2017 6 AXA MANSARD INS PLC NASCO INVESTMENT FIRE 24,506,740.50 23/10/2017 7 AXA MANSARD INS PLC NIGERIAN AGIP OIL COMPANY LIMITED STORM DAMAGE 19,288,575.15 30/05/2017 8 AXA MANSARD INS PLC IHS NIGERIA LIMITED FIRE 13,054,437.01 06/10/2017 9 AXA MANSARD INS PLC TSL LOGISTICS LIMITED LIGHTNING 7,554,834.40 28/06/2017 10 AXA MANSARD INS PLC GUARANTY TRUST BANK PLC FIRE 5,749,200.00 07/12/2017 11 AXA MANSARD INS PLC AFRICAN INDUSTRIES LTD PROPERTY DAMAGE 5,740,217.21 16/05/2017 12 AXA MANSARD INS PLC AFRICAN INDUSTRIES LTD FLOOD 5,018,458.27 10/07/2017 13 AXA MANSARD INS PLC SCAO NIGERIA LIMITED THEFT 4,846,453.50 14/11/2017 14 AXA MANSARD INS PLC BELFARM INTEGRATED SERVICES & AGRO-ALLIED LTD FIRE 4,614,597.90 30/08/2017 15 AXA MANSARD INS PLC OKEKE VINCENT PROPERTY DAMAGE 4,590,000.00 13/03/2017 16 AXA MANSARD INS PLC NASCO INVESTMENT WINDSTORM 4,568,312.60 16/08/2017 17 AXA MANSARD INS PLC DANGOTE CEMENT PLC - IBESE PLANT MACHINERY BREAKDOWN 4,382,487.80 15/05/2017 18 AXA MANSARD INS PLC UNILEVER NIGERIA PLC. FIRE 4,296,712.25 27/02/2017 19 AXA MANSARD INS PLC AVALON INTERCONTINENTAL NIGERIA LIMITED WATER DAMAGE 4,078,696.59 28/12/2017 20 AXA MANSARD INS PLC FEMI & BOLANLE OKEGBENRO FLOOD 3,969,093.83 25/08/2017 21 AXA MANSARD INS PLC BLACK PELICAN LIMITED BURST PIPE 3,839,207.47 09/05/2017 22 AXA MANSARD INS PLC ORANGE DRUG WINDSTORM 3,608,331.00 08/12/2017 23 AXA MANSARD INS PLC HOUSE TO HOME FLOOD 3,597,710.20 17/08/2017 24 AXA MANSARD INS PLC MALBIM NIGERIA LTD FIRE 19,000,000.00 22/05/2017 25 AXA MANSARD INS PLC STRASBORG INTERNATIONAL PLC FIRE 6,530,000.00 23/11/2017 26 AXA MANSARD INS PLC OLUYOLE OLUFEMI ROTIMI FIRE 4,681,872.10 30/03/2017 27 AXA MANSARD INS PLC E MART INTERNATIONAL LTD FIRE 3,847,500.00 27/07/2017 28 AXA MANSARD INS PLC OMOSHALEWA BASIRAT OLOLADE FIRE 3,800,000.00 06/10/2017 29 CONSOLIDATED HALLMARK INS PLC TRANSPORTERS OF FORTE OIL PLC LOSS OF PRODUCT 3,710,000.00 18/01/2017 30 CONSOLIDATED HALLMARK INS PLC TRANSPORTERS OF FORTE OIL PLC ACCIDENT 5,000,000.00 09/03/2017 31 CONSOLIDATED HALLMARK INS PLC TRANSPORTERS OF FORTE OIL PLC LOSS OF PRODUCT 5,000,000.00 08/03/2017 32 CONSOLIDATED HALLMARK INS PLC TRANSPORTERS OF FORTE OIL PLC ACCIDENT 5,000,000.00 24/05/2017 33 CONSOLIDATED HALLMARK INS PLC TRANSPORTERS OF FORTE OIL PLC FIRE ACCIDENT 5,000,000.00 11/09/2017 34 CONSOLIDATED HALLMARK INS PLC TRANSPORTERS OF FORTE OIL PLC ACCIDENT 5,000,000.00 12/09/2017 35 CONSOLIDATED HALLMARK INS PLC FLOUR MILLS GROUP DEATH OF MR. ABE 5,023,907.60 10/08/2017 36 CONSOLIDATED HALLMARK INS PLC FRIESLANDCAMPINA WAMCO NIGERIA PLC FRAUD 5,727,355.25 11/09/2017 37 CONSOLIDATED HALLMARK INS PLC NIGERIAN BREWERIES PLC/ CHAMPION BREWERIES FIRE INCIDENT 7,856,653.84 05/07/2017 38 CONSOLIDATED HALLMARK INS PLC TRIDENT MARKETING LIMITED STORM DAMAGE 9,046,974.62 30/11/2017 39 CONSOLIDATED HALLMARK INS PLC VODACOM BUSINESS AFRICA (NIG.) LTD. FLOOD DAMAGE 17,089,039.08 10/11/2017 40 CONSOLIDATED HALLMARK INS PLC PROMASIDOR NIGERIA LIMITED FIRE INCIDENT 6,061,870.20 06/11/2017 41 CONSOLIDATED HALLMARK INS PLC MAYOR ENGINEERING CO. LTD. FIRE DAMAGE 6,917,400.00 20/11/2017 42 CONSOLIDATED HALLMARK INS PLC UBA PLC/KISS INTERNATIONAL LTD FIRE INCIDENT 10,728,745.13 06/11/2017 43 CONSOLIDATED HALLMARK INS PLC UNIVERSAL LUGGAGES INDUSTRIES LIMITED FIRE INCIDENT 12,500,000.00 20/09/2017 44 CONSOLIDATED HALLMARK INS PLC UCHEAMAKA POLY IND. LTD FIRE INCIDENT 22,000,000.00 09/10/2017 45 CONSOLIDATED HALLMARK INS PLC ATLANTIC SHRIMPERS LIMITED - FARM DIVISION FIRE INCIDENT 33,243,204.15 19/10/2017 46 CONSOLIDATED HALLMARK INS PLC CONTOUR GLOBAL SOLUTIONS NIGERIA LIMITED MACHINERY BREAKDOWN 3,706,463.78 28/07/2017 47 CONSOLIDATED HALLMARK INS PLC WANDEL INTERNATIONAL NIGERIA LIMITED FLOOD DAMAGE 3,750,000.00 01/03/2017 48 CONSOLIDATED HALLMARK INS PLC VEEVEE PAPERS PRODUCTS LIMITED FIRE INCIDENT 3,757,320.02 01/11/2017 49 CONSOLIDATED HALLMARK INS PLC IHS NIGERIA PLC THEFT OF BATTERIES & GEN 3,966,549.15 06/06/2017 50 CONSOLIDATED HALLMARK INS PLC CADBURY NIGERIA PLC FIRE INCIDENT 4,244,588.48 01/08/2017 51 CONSOLIDATED HALLMARK INS PLC NIGERDOCK ACCIDENTAL DAMAGE 4,293,661.77 16/01/2017 52 CONSOLIDATED HALLMARK INS PLC BETA GLASS PLC (DELTA PLANT) DAMAGE TO BROOMWADE 4,526,197.98 20/11/2017 53 CONSOLIDATED HALLMARK INS PLC FEDERAL AIRPORTS AUTHORITY OF NIGERIA (FAAN) FIRE INCIDENT 4,764,834.01 30/10/2017 54 CONSOLIDATED HALLMARK INS PLC GASLINK NIGERIA LIMITED BUSINESS INTERRUPTION 5,263,087.40 13/04/2017 ( BUSINESS INTERRUPTION & PL) 55 CONSOLIDATED HALLMARK INS PLC SARA PRODUCTS LIMITED BUSINESS INTERRUPTION 5,401,693.63 05/12/2017 56 CONSOLIDATED HALLMARK INS PLC WHOLESALERS OF BRITISH AMERICAN TOBACCO FIRE INCIDENT 5,438,650.00 30/05/2017 MARKETING NIGERIA LIMITED 57 CONSOLIDATED HALLMARK INS PLC TOTAL NIGERIA PLC FIRE INCIDENT 6,297,949.35 22/12/2017 58 CONSOLIDATED HALLMARK INS PLC SILVERBIRD SHOWTIME LIMITED BURGLARY INCIDENT 6,373,192.56 24/11/2017 59 CONSOLIDATED HALLMARK INS PLC APM TERMINALS APAPA LIMITED/ OR NIGERIAN PORT ACCIDENTAL DAMAGE 9,116,688.08 22/06/2017 AUTHORITY AND/OR OTHER PARTIES FOR THEIR RESPECTIVE RI 60 CONSOLIDATED HALLMARK INS PLC IHS NIGERIA PLC FIRE INCIDENT 11,062,561.79 03/11/2017 134 Nigeria Insurance Digest 2017

Fire & Special Perils Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT DATE PAID PAID 61 CONSOLIDATED HALLMARK INS PLC JULIUS BERGER NIGERIA PLC & OTHERS DAMAGE 11,773,708.25 05/04/2017 62 CONSOLIDATED HALLMARK INS PLC BETA GLASS PLC (DELTA PLANT) FURNACE LIKEAGE 14,558,631.89 19/09/2017 63 CONSOLIDATED HALLMARK INS PLC ALAUSA POWER LTD DAMAGE TO ENGINES 21,184,009.74 21/08/2017 64 CONSOLIDATED HALLMARK INS PLC ALAUSA POWER LTD DAMAGE TO ENGINES 21,184,009.74 16/11/2017 65 CONSOLIDATED HALLMARK INS PLC BRISTOW HELICOPTERS NIGERIA LTD. FIRE INCIDENT 25,925,977.28 14/03/2017 66 CONSOLIDATED HALLMARK INS PLC DANGOTE NOODLES LIMITED FIRE INCIDENT 30,264,178.29 08/02/2017 67 CONSOLIDATED HALLMARK INS PLC DANGOTE GROUP OF COMPANIES FIRE INCIDENT 30,264,178.29 02/05/2017 68 CONSOLIDATED HALLMARK INS PLC FRIESLANDCAMPINA WAMCO NIGERIA PLC FIRE INCIDENT 189,556,767.45 28/07/2017 69 CONSOLIDATED HALLMARK INS PLC SEPHINE EDEFE NIGERIA LIMITED FIRE DAMAGE 10,330,506.83 08/06/2017 70 CONTINENTAL REINS PLC Various NATURAL PERILS 12,585,706.49 02/02/2017 71 CONTINENTAL REINS PLC Various NATURAL PERILS 3,846,319.55 02/02/2017 72 CONTINENTAL REINS PLC MAINSTREAM ENERGY SOLUTIONS LTD FIRE INCIDENCE 4,749,534.58 09/02/2017 73 CONTINENTAL REINS PLC Various FIRE SPLS 12,095,443.28 10/02/2017 74 CONTINENTAL REINS PLC Various FIRE SPLS 9,573,645.84 10/02/2017 75 CONTINENTAL REINS PLC Various FIRE SPLS 7,229,004.00 14/02/2017 76 CONTINENTAL REINS PLC Various FIRE BASIC 24,425,553.26 16/02/2017 77 CONTINENTAL REINS PLC Various FIRE N/PERILS 12,754,848.24 16/02/2017 78 CONTINENTAL REINS PLC Various FIRE SPLS 7,398,568.70 16/02/2017 79 CONTINENTAL REINS PLC Various FIRE SPLS 10,724,475.71 17/02/2017 80 CONTINENTAL REINS PLC Various ENG SPLS 9,814,245.46 17/02/2017 81 CONTINENTAL REINS PLC MELCOM GROUP OF COMPANIES FIRE INCIDENT 24,080,350.23 20/02/2017 82 CONTINENTAL REINS PLC Various FIRE SPLS 6,126,010.00 23/02/2017 83 CONTINENTAL REINS PLC Various FIRE SPLS 50,290,463.16 02/03/2017 84 CONTINENTAL REINS PLC Various FIRE SPLS 17,367,497.38 07/03/2017 85 CONTINENTAL REINS PLC Various FIRE SURPLUS 10,614,456.13 14/03/2017 86 CONTINENTAL REINS PLC Various PRIORITY QUOTA SHARE (FIRE) 3,751,636.40 14/03/2017 87 CONTINENTAL REINS PLC Automotive Springs FIRE CLAIM 3,873,023.15 17/03/2017 88 CONTINENTAL REINS PLC Various FIRE SPLS 5,533,820.56 21/03/2017 89 CONTINENTAL REINS PLC Various FIRE&CON SPLS 9,822,612.31 22/03/2017 90 CONTINENTAL REINS PLC Various ENG SPLS 4,234,527.45 22/03/2017 91 CONTINENTAL REINS PLC Various FIRE&A/PERILS 3,838,900.52 22/03/2017 92 CONTINENTAL REINS PLC Various FIRE SPLS 6,240,412.31 23/03/2017 93 CONTINENTAL REINS PLC Various FIRE SPLS BASIC 3,634,944.47 23/03/2017 94 CONTINENTAL REINS PLC Various FIRE SPLS 7,995,469.65 30/03/2017 95 CONTINENTAL REINS PLC Various FIRE SPLS -4,289,144.36 31/03/2017 96 CONTINENTAL REINS PLC Various FIRE SPLS 7,739,107.55 07/04/2017 97 CONTINENTAL REINS PLC Caledonian Suites Ltd FIRE DAMAGE 45,980,672.26 18/04/2017 98 CONTINENTAL REINS PLC Various ENGINEERING SPLS 4,433,874.24 18/04/2017 99 CONTINENTAL REINS PLC O.P. Properties RAINSTORM DAMAGE 6,570,571.38 27/04/2017 100 CONTINENTAL REINS PLC Various ENG SPLS 8,455,094.36 02/05/2017 101 CONTINENTAL REINS PLC Various FIRE SPLS 17,253,816.31 03/05/2017 102 CONTINENTAL REINS PLC Various FIRE SPLS 6,245,181.05 04/05/2017 103 CONTINENTAL REINS PLC Various ENG.SPLS 6,920,816.08 09/05/2017 104 CONTINENTAL REINS PLC GHANA ELECTROMETER LTD FLOOD DAMAGE 38,852,536.72 10/05/2017 105 CONTINENTAL REINS PLC Various FIRE SPLS 4,149,627.10 11/05/2017 106 CONTINENTAL REINS PLC Various ENG.SPLS 3,838,455.45 11/05/2017 107 CONTINENTAL REINS PLC Various FIRE SPLS 21,530,766.77 12/05/2017 108 CONTINENTAL REINS PLC Various FIRE SPLS 3,968,382.05 12/05/2017 109 CONTINENTAL REINS PLC Various FIRE & HOUSEHOLDERS SPLS 3,528,808.33 15/05/2017 110 CONTINENTAL REINS PLC Various FIRE SPLS 6,932,019.51 16/05/2017 111 CONTINENTAL REINS PLC Various FIRE SPLS 3,997,622.57 16/05/2017 112 CONTINENTAL REINS PLC Various FIRE SPLS 7,866,206.62 18/05/2017 113 CONTINENTAL REINS PLC Various FIRE SPLS 3,454,967.83 23/05/2017 114 CONTINENTAL REINS PLC Various FIRE AND SPECIAL PERIL 10,228,243.75 24/05/2017 115 CONTINENTAL REINS PLC Various FIRE SPLS 13,067,582.83 26/05/2017 116 CONTINENTAL REINS PLC Various FIRE TERRORISM & ENG. SPLS 28,071,686.95 30/05/2017 117 CONTINENTAL REINS PLC Various FIRE INCLUD TERRORISM & ENG.SPLS 14,069,021.08 30/05/2017 118 CONTINENTAL REINS PLC Various FIRE INCUDING TERRORISM & ENG.SPLS 7,736,938.62 30/05/2017 119 CONTINENTAL REINS PLC Various FIRE SPLS 7,288,883.03 30/05/2017 120 CONTINENTAL REINS PLC Various FIRE SPLS 4,062,362.30 02/06/2017 Nigeria Insurance Digest 2017 135

Fire & Special Perils Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

121 CONTINENTAL REINS PLC Various FIRE SPLS 7,598,895.22 07/06/2017 122 CONTINENTAL REINS PLC Various FIRE SPLS 14,060,869.99 15/06/2017 123 CONTINENTAL REINS PLC Various FIRE SPLS -41,343,815.34 16/06/2017 124 CONTINENTAL REINS PLC Various FIRE & ALLIED PERILS 7,840,484.42 20/06/2017 125 CONTINENTAL REINS PLC JULIUS BERGER NIGERIA PLC DAMAGE 4,773,319.06 23/06/2017 126 CONTINENTAL REINS PLC Various FIRE SPLS 17,972,327.63 29/06/2017 127 CONTINENTAL REINS PLC Various FIRE & ALLIED 14,298,708.33 29/06/2017 128 CONTINENTAL REINS PLC Various ENG.SPLS 3,948,727.07 07/07/2017 129 CONTINENTAL REINS PLC Various FIRE SPLS 5,335,070.35 21/07/2017 130 CONTINENTAL REINS PLC Various FIRE & CON SPLS 18,271,566.30 24/07/2017 131 CONTINENTAL REINS PLC Various FIRE SPLS 4,034,610.19 27/07/2017 132 CONTINENTAL REINS PLC Various FIRE SPLS -11,670,338.12 28/07/2017 133 CONTINENTAL REINS PLC Various FIRE SPLS -6,061,194.00 28/07/2017 134 CONTINENTAL REINS PLC Various FIRE SPLS 24,435,932.46 02/08/2017 135 CONTINENTAL REINS PLC Various FIRE SPLS 13,156,318.18 02/08/2017 136 CONTINENTAL REINS PLC Various FIRE BASIC 20,053,804.80 08/08/2017 137 CONTINENTAL REINS PLC Various FIRE SPLS 4,821,837.81 08/08/2017 138 CONTINENTAL REINS PLC Various FIRE SPLS -9,397,414.25 09/08/2017 139 CONTINENTAL REINS PLC Various FIRE SPLS -4,693,674.65 09/08/2017 140 CONTINENTAL REINS PLC Various FIRE SPLS 31,107,337.43 15/08/2017 141 CONTINENTAL REINS PLC Various FIRE SPLS 7,353,511.70 15/08/2017 142 CONTINENTAL REINS PLC Various FIRE SPLS 6,478,554.89 15/08/2017 143 CONTINENTAL REINS PLC Various FIRE SPLS 24,657,898.87 22/08/2017 144 CONTINENTAL REINS PLC Various FIRE SPLS 9,035,975.68 25/08/2017 145 CONTINENTAL REINS PLC Various FIRE SPLS 3,736,489.66 25/08/2017 146 CONTINENTAL REINS PLC Various FIRE SPLS 6,481,363.94 29/08/2017 147 CONTINENTAL REINS PLC Various FIRE SPLS 8,658,888.32 06/09/2017 148 CONTINENTAL REINS PLC Various M.CARGO SPLS 9,158,524.61 12/09/2017 149 CONTINENTAL REINS PLC Various FIRE SPLS 6,249,272.49 12/09/2017 150 CONTINENTAL REINS PLC Various FIRE &ALLIED SPLS 8,971,654.70 13/09/2017 151 CONTINENTAL REINS PLC Various FIRE SPLS 14,416,613.35 21/09/2017 152 CONTINENTAL REINS PLC Various FIRE SPLS 19,478,226.99 28/09/2017 153 CONTINENTAL REINS PLC Various ENG 1ST SPLS 7,975,485.69 28/09/2017 154 CONTINENTAL REINS PLC Various FIRE SPLS 5,566,881.54 29/09/2017 155 CONTINENTAL REINS PLC Various FIRE SPLS 75,304,024.97 18/10/2017 156 CONTINENTAL REINS PLC Various FIRE & CON SPLS 22,704,908.20 18/10/2017 157 CONTINENTAL REINS PLC Various FIRE SPLS 19,331,478.60 18/10/2017 158 CONTINENTAL REINS PLC Various ENG SPLS 11,240,626.24 18/10/2017 159 CONTINENTAL REINS PLC Various ENG SPLS 7,054,666.40 18/10/2017 160 CONTINENTAL REINS PLC Various FIRE SPLS 36,068,123.78 27/10/2017 161 CONTINENTAL REINS PLC Various ENG SPLS 9,644,393.56 27/10/2017 162 CONTINENTAL REINS PLC Various FIRE SPLS 24,092,748.03 30/10/2017 163 CONTINENTAL REINS PLC Various FAC OBLIG 11,292,469.27 30/10/2017 164 CONTINENTAL REINS PLC Various FIRE SPLS -131,671,676.03 06/11/2017 165 CONTINENTAL REINS PLC Various FIRE SPLS 8,323,409.57 06/11/2017 166 CONTINENTAL REINS PLC Various FIRE SPLS 32,962,374.15 09/11/2017 167 CONTINENTAL REINS PLC Various FIRE SPLS 6,854,273.14 09/11/2017 168 CONTINENTAL REINS PLC Various FIRE SPLS 5,574,506.85 09/11/2017 169 CONTINENTAL REINS PLC Various FIRE SPLS 4,671,214.71 09/11/2017 170 CONTINENTAL REINS PLC Various ENG SPLS 3,786,558.70 09/11/2017 171 CONTINENTAL REINS PLC Various FIRE SPLS 4,116,334.35 10/11/2017 172 CONTINENTAL REINS PLC GHANA NATIONAL GAS COMPANY LTD CONTIGENT LOSS OF PRODUCTIONS 52,459,245.82 15/11/2017 173 CONTINENTAL REINS PLC Various FIRE SPLS 10,705,863.12 20/11/2017 174 CONTINENTAL REINS PLC Various FIRE SPLS 4,183,333.52 20/11/2017 175 CONTINENTAL REINS PLC Various FIRE SPLS 6,959,072.06 21/11/2017 176 CONTINENTAL REINS PLC Various FIRE SPLS 25,145,275.78 22/11/2017 177 CONTINENTAL REINS PLC Various FIRE SPLS 19,937,616.38 22/11/2017 178 CONTINENTAL REINS PLC Various FIRE SPLS 8,262,196.33 22/11/2017 179 CONTINENTAL REINS PLC Various ENG.SPLS 5,496,019.31 22/11/2017 180 CONTINENTAL REINS PLC Various FIRE SPLS 47,805,135.95 23/11/2017 136 Nigeria Insurance Digest 2017

Fire & Special Perils Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

181 CONTINENTAL REINS PLC Various FIRE SPLS 5,629,974.50 24/11/2017 182 CONTINENTAL REINS PLC Various FIRE SPLS 4,806,470.43 28/11/2017 183 CONTINENTAL REINS PLC Various FIRE SPLS 4,585,174.42 28/11/2017 184 CONTINENTAL REINS PLC Various BOND QS 4,128,930.22 28/11/2017 185 CONTINENTAL REINS PLC Various FIRE SPLS 23,425,032.35 29/11/2017 186 CONTINENTAL REINS PLC Various FIRE SPLS 4,131,342.22 30/11/2017 187 CONTINENTAL REINS PLC Gambia Coral Beach Hotel & Spa FIRE INCIDENCE 5,770,144.58 04/12/2017 188 CONTINENTAL REINS PLC Various FIRE SPLS 98,780,269.56 04/12/2017 189 CONTINENTAL REINS PLC AFRICELL HOLDING SAL COLLAPSE OF THE CEILLING 8,127,752.25 06/12/2017 190 CONTINENTAL REINS PLC Various FIRE SPLS 14,460,635.41 19/12/2017 191 CONTINENTAL REINS PLC Various FIRE SPLS 19,575,368.15 21/12/2017 192 CONTINENTAL REINS PLC Various FIRE & HOUSEHOLD SPLS 29,901,656.24 22/12/2017 193 CONTINENTAL REINS PLC Globe X-Corporarion FIRE AT CLARA TOWN PREMISES 4,267,953.55 14/02/2018 194 CONTINENTAL REINS PLC Globe X-Corporarion FIRE AT CLARA TOWN PREMISES 17,784,385.97 14/02/2018 195 CORNERSTONE INS PLC FIRST CITY MONUMENTAL BANK LIMITED FIRE INCIDENT 15,475,031.10 03/01/2017 196 CORNERSTONE INS PLC DISTRIBUTORS OF MOUKA FOAM/A.IBIDAPO NIG. ENT FIRE INCIDENT 4,000,000.00 03/01/2017 197 CORNERSTONE INS PLC FCMB/JEBILLS LIMITED FIRE INCIDENT 17,350,060.00 04/01/2017 198 CORNERSTONE INS PLC Chief IDERA OSHINUSI FIRE INCIDENT 37,209,465.07 04/01/2017 199 CORNERSTONE INS PLC FIRST CITY MONUMENTAL BANK LIMITED FIRE INCIDENT 4,538,550.00 18/01/2017 200 CORNERSTONE INS PLC Chief IDERA OSHINUSI FIRE INCIDENT 33,431,425.31 24/01/2017 201 CORNERSTONE INS PLC FIRST CITY MONUMENTAL BANK LIMITED THUNDERSTORM 4,499,595.00 03/02/2017 202 CORNERSTONE INS PLC CLEAR ESSENCE CALIFORNIA SPA & WELLNESS RESORT FIRE INCIDENCE 4,657,547.91 08/02/2017 203 CORNERSTONE INS PLC DANGOTE NOODLES LTD FIRE INCIDENT 70,616,416.00 08/02/2017 204 CORNERSTONE INS PLC UNION BANK PLC FIRE DAMAGE 4,881,546.00 15/02/2017 205 CORNERSTONE INS PLC UNILEVER NIGERIA PLC FIRE 6,138,160.36 01/03/2017 206 CORNERSTONE INS PLC UNION BANK OF NIGERIA PLC FIRE OUTBREAK 6,316,758.00 10/03/2017 207 CORNERSTONE INS PLC BRISTOW GROUP LTD FIRE INCIDENT 25,259,977.28 16/03/2017 208 CORNERSTONE INS PLC PHILL-HALLMARK (NIGERIA) LTD FIRE INCIDENT 24,111,238.34 02/06/2017 209 CORNERSTONE INS PLC PHASE3 TELECOMS FIRE INCIDENT 4,884,180.00 12/06/2017 210 CORNERSTONE INS PLC INFINITY SNACKS AND BEVERAGES LIMITED FIRE INCIDENT 5,210,454.75 19/06/2017 211 CORNERSTONE INS PLC UAC FOODS LIMITED FIRE 16,679,251.03 28/06/2017 212 CORNERSTONE INS PLC UNION BANK OF NIGERIA PLC FIRE INCIDENT 9,250,800.00 18/07/2017 213 CORNERSTONE INS PLC CONSERVERIA AFRICANA LIMITED FIRE DAMAGE 6,850,778.30 27/07/2017 214 CORNERSTONE INS PLC TANGO NIGERIA LIMITED BURGLARY INCIDENT 9,853,476.82 08/08/2017 215 CORNERSTONE INS PLC HONEYWELL GROUP FIRE INCIDENT 7,439,448.33 21/09/2017 216 CORNERSTONE INS PLC PROMASIDOR NIGERIA LIMITED FIRE INCIDENT 5,051,558.50 06/10/2017 217 CORNERSTONE INS PLC I I T A FIRE OUTBREAK 10,044,317.62 11/10/2017 218 CORNERSTONE INS PLC ATLANTIC SHRIMPERS LIMITED FIRE INCIDENCE 22,162,136.10 17/10/2017 219 CORNERSTONE INS PLC VEEVEE PAPER PRODUCT LIMITED FIRE 5,635,980.02 01/11/2017 220 CORNERSTONE INS PLC DANGOTE FLOUR MILLS PLC FIRE INCIDENCE 4,218,000.00 17/11/2017 221 CORNERSTONE INS PLC DISTRIBUTORS OF MOUKA FOAM LIMITED Fire Incidence 6,054,211.19 28/11/2017 222 CORNERSTONE INS PLC DANGOTE SUGAR WAREHOUSE FIRE INCIDENCE 12,621,206.09 27/12/2017 223 CUST. & ALLIED INS LTD GRAND PRODUCT COMPANY LIMITED FIRE INCIDENT 4,486,442.84 25/01/2017 224 CUST. & ALLIED INS LTD FIRST PAPERS NIG. LTD. MARS PAPERS NIG. LTD. MATHS WATER DAMAGE 4,505,852.74 25/01/2017 225 CUST. & ALLIED INS LTD MDS LOGISITICS PLC FIRE 10,255,168.88 25/01/2017 226 CUST. & ALLIED INS LTD LEADWAY ASSURANCE COMPANY LIMITED FIRE 3,521,000.00 27/01/2017 227 CUST. & ALLIED INS LTD TIGER BRANDS AND SUBSIDIARIES FIRE 50,440,297.14 08/02/2017 228 CUST. & ALLIED INS LTD FLOUR MILLS OF NIGERIA PLC AND/OR BUHLER/ DAMAGE 10,781,731.00 16/02/2017 EL-ALAN &/OR ASS. COYS 229 CUST. & ALLIED INS LTD UNITED BANK FOR AFRICA PLC FIRE INCIDENT 8,518,663.41 21/02/2017 230 CUST. & ALLIED INS LTD UNILEVER NIGERIA PLC FIRE 3,682,896.22 27/02/2017 231 CUST. & ALLIED INS LTD ENL CONSORTIUM LTD. RAINSTORM DAMAGE 4,938,465.00 28/02/2017 232 CUST. & ALLIED INS LTD WANDEL INTERNATIONAL LTD & ASSOCIATES FLOOD DAMAGE 14,831,205.37 01/03/2017 233 CUST. & ALLIED INS LTD GRANGE SCHOOL THUNDERSTORM DAMAGE 5,000,000.00 03/03/2017 234 CUST. & ALLIED INS LTD FAR EAST MERCANTILE COMPANY LIMITED WATER DAMAGE 15,683,838.37 10/03/2017 235 CUST. & ALLIED INS LTD BRISTOW HELICOPTERS NIGERIA LIMITED FIRE INCIDENT 17,283,984.85 13/03/2017 236 CUST. & ALLIED INS LTD MTN COMMUNICATIONS NIGERIA LTD.& OTHERS FLOOD INCIDENT 10,372,290.53 10/04/2017 237 CUST. & ALLIED INS LTD HYGEIA NIGERIA LIMITED-LAGOON HOSPITALS DAMAGE 4,000,000.00 21/04/2017 238 CUST. & ALLIED INS LTD AFRICAN INDUSTRIES GROUP AND ASSOCIATES ACCIDENT 19,134,057.37 26/04/2017 239 CUST. & ALLIED INS LTD MAIN DATA NIGERIA LTD FIRE INCIDENT 3,618,600.84 27/04/2017 240 CUST. & ALLIED INS LTD GLAD TIDINGS ENTERPRISES LTD FIRE INCIDENT 4,414,600.00 28/04/2017 Nigeria Insurance Digest 2017 137

Fire & Special Perils Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

241 CUST. & ALLIED INS LTD DANGOTE CEMENT PLC - IBESE PLANT & OBAJANA PLANT TURBINE LUBE OIL LEAKAGE 4,003,763.12 28/04/2017 242 CUST. & ALLIED INS LTD ASDIA NIGERIA LIMITED/EXP MARKETING NIG. STORM DAMAGE 4,067,817.34 02/05/2017 243 CUST. & ALLIED INS LTD GRAND BEE LIMITED FIRE INCIDENT 6,668,251.17 09/05/2017 244 CUST. & ALLIED INS LTD TULIP COCOA PROCESSING LTD FIRE DAMAGE 24,074,346.96 18/05/2017 245 CUST. & ALLIED INS LTD AFRICAN STEEL MILLS NIGERIA LIMITED FLOOD DAMAGE 25,092,291.34 30/05/2017 246 CUST. & ALLIED INS LTD UAC FOODS FIRE INCIDENT 12,972,750.81 21/06/2017 247 CUST. & ALLIED INS LTD IKEJA HOTELS PLC/LAGOS SHERATON HOTELS FIRE INCIDENT 3,775,734.50 28/06/2017 248 CUST. & ALLIED INS LTD NIGERIAN BREWERIES PLC FIRE INCIDENT 7,856,653.84 28/06/2017 249 CUST. & ALLIED INS LTD INTERSWITCH LIMITED DAMAGES 8,548,236.98 17/07/2017 250 CUST. & ALLIED INS LTD CONSERVERIA AFRICA LTD FIRE DAMAGE 5,138,083.73 20/07/2017 251 CUST. & ALLIED INS LTD CADBURY NIGERIA PLC CONSEQUENTIAL LOSS 6,366,882.72 31/07/2017 252 CUST. & ALLIED INS LTD FRIESLAND FOODS WAMCO FIRE 157,963,972.87 01/08/2017 253 CUST. & ALLIED INS LTD FRIESLAND FOODS WAMCO FIRE 157,963,972.87 01/08/2017 254 CUST. & ALLIED INS LTD GUINESS NIGERIA PLC GAS TANK EXPLOSION 4,562,088.10 22/08/2017 255 CUST. & ALLIED INS LTD ARVEE INDUSTRIES LIMITED IMPACT DAMAGE 4,446,000.00 31/08/2017 256 CUST. & ALLIED INS LTD UNIQUE PHARMACEUTICAL LTD & ASSOCIATES BURGLARY INCIDENT 4,444,428.49 21/09/2017 257 CUST. & ALLIED INS LTD IHS NIGERIA PLC FIRE INCIDENT 5,524,940.80 25/09/2017 258 CUST. & ALLIED INS LTD EMEL HOUSEWARE LIMITED & ASSOCIATES CHINA UNITY WAREHOUSE FLOOD 7,449,724.20 25/09/2017 259 CUST. & ALLIED INS LTD FLOUR MILLS OF NIGERIA PLC AND/OR BUHLER/ FLOOD 6,937,105.30 06/10/2017 EL-ALAN &/OR ASS. COYS 260 CUST. & ALLIED INS LTD PROMASIDOR NIGERIA LIMITED FIRE INCIDENT 10,103,117.00 09/10/2017 261 CUST. & ALLIED INS LTD STERLING BANK PLC FIRE INCIDENT 4,275,601.93 27/10/2017 262 CUST. & ALLIED INS LTD VEEVEE PAPERS PRODUCTS LIMITED FIRE INCIDENT 11,271,960.05 31/10/2017 263 CUST. & ALLIED INS LTD D2H SERVICES LIMITED & ASSOCIATES FLOOD DAMAGE 16,638,260.10 03/11/2017 264 CUST. & ALLIED INS LTD MTN NIGERIA COMMUMNICATIONS LTD & OTHERS COLLAPSE OF TOWER 6,062,796.41 06/11/2017 265 CUST. & ALLIED INS LTD MAYOR ENGINEERING CO.LTD FIRE DAMAGE 13,834,800.00 14/11/2017 266 CUST. & ALLIED INS LTD ATLANTIC HALL EDUCATIONAL TRUST COUNCIL DAMAGE 3,700,000.00 20/11/2017 267 CUST. & ALLIED INS LTD FLOUR MILLS OF NIGERIA PLC AND/OR BUHLER/ COLLAPSE 4,832,912.40 23/11/2017 EL-ALAN &/OR ASS. COYS 268 CUST. & ALLIED INS LTD ARTEE INDUSTRIES LIMITED & ASSOCIATES FIDELITY GUARANTY CLAIM 9,005,314.38 27/11/2017 269 CUST. & ALLIED INS LTD FRIESLAND FOODS WAMCO BURNT GENERATING SET 5,387,508.57 30/11/2017 270 CUST. & ALLIED INS LTD VIK INDUSTRIES LTD FLOOD DAMAGE 6,028,863.99 06/12/2017 271 CUST. & ALLIED INS LTD IKEJA HOTELS PLC/LAGOS SHERATON HOTELS DAMAGE TO GENERATORS N/A 7,628,689.50 11/12/2017 272 CUST. & ALLIED INS LTD DANGOTE GROUP OF COMPANIES AND SUBSIDIARIES FIRE INCIDENCE 8,414,137.39 21/12/2017 273 CUST. & ALLIED INS LTD MTN NIGERIA COMMUMNICATIONS LTD & OTHERS EQUIPMENT FAILURE 9,241,654.50 28/12/2017 274 ENSURE FEDERAL AIRPORT AUTHORITY OF NIGERIA FIRE INCIDENT 9,529,668.02 11/09/17 275 ENSURE MEHDI GLOBAL SERVICES LIMITED THEFT OF STOCK & CASH 3,815,315.18 08/11/17 276 GNI PLC MAYOR ENGINEERING CO. LTD FIRE DAMAGE 6,917,400.00 28/11/2017 277 GNI PLC GRAND BEE SUITES FIRE INCIDENT 10,002,376.76 17/05/2017 278 GNI PLC LAGOS AIRPORT HOTEL LTD FIRE INCIDENT 12,893,373.77 09/02/2017 279 GUINEA FRIESLAND CAMPINA WAMCO NIGERIA PLC FIRE INCIDENT 7,582,270.70 10/10/2017 280 IEI PLC RANONA LIMITED FIRE INCIDENT 80,000,000.00 26/04/2017 281 IEI PLC SARA PRODUCTS NIGERIA LIMITED AND OTHERS FIRE DAMAGE 13,252,386.19 02/08/2017 282 IEI PLC SARA PRODUCTS NIGERIA LIMITED AND OTHERS FIRE DAMAGE 13,252,386.19 21/09/2017 283 IEI PLC FEDERAL AIRPORTS AUTHORITY OF NIGERIA (FAAN) FIRE INCIDENT 4,845,381.30 03/11/2017 284 IEI PLC SARA PRODUCTS NIGERIA LIMITED AND OTHERS FIRE DAMAGE 13,252,386.19 27/12/2017 285 KBL INS LTD WEAFRI WELL SERVICES CO. LTD FIRE DAMAGE 5,306,739.47 23/01/2017 286 KBL INS LTD NIGERIAN BREWRIES/CHAMPION FIRE INCIDENT 62,853,230.69 05/07/2017 287 LASACO ASS PLC GBODE VENTURES (NIG) LIMITED FIRE INCIDENT 3,837,528.89 26/04/2017 288 LASACO ASS PLC FRIESLAND CAMPINA WAMPCO NIG. PLC FIRE INCIDENT 126,371,178.30 31/08/2017 289 LAW UNION & ROCK INS PLC SCOA MOTORS DAMAGE TO PREMISES 21,392,836.65 23/01/2017 290 LAW UNION & ROCK INS PLC BETA GLASS PLC MALICIOUS DAMAGE 3,017,465.30 09/11/2017 291 LAW UNION & ROCK INS PLC CUMMINS POWER GENERATION (NIGERIA)/POWER BREAKDOWN 3,110,790.10 16/02/2017 GLOBAL INVESTMENT NIGERIA LIMITEDLIMITED 292 LAW UNION & ROCK INS PLC CADBURY NIGERIA PLC MALICIOUS DAMAGE 3,183,441.35 31/07/2017 293 LAW UNION & ROCK INS PLC DANGOTE OBAJANA CEMENT PLC/DANGOTE FIBRE OPTIC FIRE OR LIGHTNING 3,365,654.95 20/12/2017 CABLES/DANGOTE INTEGRATED STEEL/NATIONAL SALT/ DANCOM TRANSMISSION/SAVANNAH SUGAR/DANGOTE AGROSACKS/DANGOTE SUGAR REFINERIES 294 LAW UNION & ROCK INS PLC CONSERVERIA AFRICANA LIMITED FIRE OR LIGHTNING 3,425,389.00 31/07/2017 295 LAW UNION & ROCK INS PLC SECURE ID LIMITED FIRE OR LIGHTNING 3,660,481.85 12/04/2017 296 LAW UNION & ROCK INS PLC EMEL ENTERPRISES LIMITED & ASSOCIATE COMPANIES BURGLARY OR HOUSEBREAKING 3,724,862.10 20/10/2017 297 LAW UNION & ROCK INS PLC NIGERIAN BREWERIES PLC FIRE OR LIGHTNING 3,928,326.90 22/06/2017 298 LAW UNION & ROCK INS PLC INFINITY SNACKS AND BEVERAGES LIMITED FIRE OR LIGHTNING 5,210,454.75 13/06/2017 299 LAW UNION & ROCK INS PLC INFINITY SNACKS AND BEVERAGES LIMITED FIRE OR LIGHTNING 5,210,454.75 14/06/2017 300 LAW UNION & ROCK INS PLC INFINITY SNACKS AND BEVERAGES LIMITED FIRE OR LIGHTNING 5,210,454.75 13/06/2017 138 Nigeria Insurance Digest 2017

Fire & Special Perils Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

301 LAW UNION & ROCK INS PLC INFINITY SNACKS AND BEVERAGES LIMITED FIRE OR LIGHTNING 5,210,454.75 15/06/2017 302 LAW UNION & ROCK INS PLC SARA PRODUCTS & ASSOCIATED COMPANY FIRE OR LIGHTNING 5,401,693.65 23/11/2017 303 LAW UNION & ROCK INS PLC VEEVEE PAPERS PRODUCTS LTD FIRE OR LIGHTNING 5,635,980.00 01/11/2017 304 LAW UNION & ROCK INS PLC SILVERBIRD SHOWTIME LIMITED BURGLARY OR HOUSEBREAKING 6,373,192.55 09/11/2017 305 LAW UNION & ROCK INS PLC IHS NIGERIA PLC FIRE OR LIGHTNING 8,296,924.40 07/09/2017 306 LAW UNION & ROCK INS PLC BETA GLASS PLC MALICIOUS DAMAGE 9,705,754.60 14/09/2017 307 LAW UNION & ROCK INS PLC WANDEL INTERNATIONAL LIMITED FLOOD 51,909,218.80 28/02/2017 308 LAW UNION & ROCK INS PLC PULKIT ALLOY AND STEEL LIMITED FIRE OR LIGHTNING 63,663,948.80 17/10/2017 309 LAW UNION & ROCK INS PLC FRIESLAND FOODS WAMCO NIGERIA PLC. ACCIDENTAL DAMAGE 126,371,178.30 24/07/2017 310 LEADWAY ASS CO LTD Flour Mills Of Nigeria Plc collapse of E4 pellet silo 3,624,684.30 09/10/2017 311 LEADWAY ASS CO LTD Mr TAIYE EYEWUOMA INCIDENT INVOLVING FIRE 4,094,120.50 05/10/2017 312 LEADWAY ASS CO LTD Cadbury Nigeria Plc BUSINESS INTERRUPTION 4,244,588.48 28/07/2017 313 LEADWAY ASS CO LTD Arvee Indusrial Limited IMPACT DAMAGE 4,446,000.00 29/08/2017 314 LEADWAY ASS CO LTD SCIB NIG AND CO 4,500,000.00 22/02/2017 315 LEADWAY ASS CO LTD BETA GLASS PLC (DELTA PLANT) FIRE DAMAGE 4,526,197.98 13/11/2017 316 LEADWAY ASS CO LTD KABOJI FARMS LIMITED EXTENSIVE CROP DAMAGE 4,585,173.37 03/10/2017 317 LEADWAY ASS CO LTD Aiteo Energy Resources Limited FIRE INCIDENT 5,000,000.00 02/08/2017 318 LEADWAY ASS CO LTD Dangote Industries Limited FIRE INCIDENCE 5,048,482.44 20/12/2017 319 LEADWAY ASS CO LTD Conserveria Africana Limited FIRE DAMAGE 5,138,083.73 26/07/2017 320 LEADWAY ASS CO LTD PLANTATION INDUSTRIES LIMITED STORM DAMAGE 5,442,822.97 27/10/2017 321 LEADWAY ASS CO LTD Apex Paints Limited BURGLARY INCIDENT 5,460,972.83 07/09/2017 322 LEADWAY ASS CO LTD University Of Jos STORM DAMAGE 5,491,067.79 29/06/2017 323 LEADWAY ASS CO LTD Federal Ministry Of Education WINDSTORM DAMAGE 5,601,611.70 27/02/2017 324 LEADWAY ASS CO LTD Nisalee Industries Limited FIRE INCIDENT 5,641,080.97 03/02/2017 325 LEADWAY ASS CO LTD Mtn Nigeria Communications Limited EQUIPMENT FAILURE 5,647,677.75 27/12/2017 326 LEADWAY ASS CO LTD Addax Petroleum Development Nigeria Limited FIRE DAMAGE 5,762,448.00 11/09/2017 327 LEADWAY ASS CO LTD Facal Property Company Limited FIRE DAMAGE 5,916,242.35 01/03/2017 328 LEADWAY ASS CO LTD Cfao Nigeria Plc & Associated Company FIRE DAMAGE 6,228,373.78 29/03/2017 329 LEADWAY ASS CO LTD Mtn Nigeria Communications Limited FLOOD INCIDENT 6,338,621.99 10/04/2017 330 LEADWAY ASS CO LTD Unilever Nigeria Plc FIRE INCIDENT 6,751,976.40 24/02/2017 331 LEADWAY ASS CO LTD Business And Management Skills Limited LIGHTNING DAMAGE TO EQUIPMENT 7,285,382.10 09/02/2017 332 LEADWAY ASS CO LTD M. L. Lee Group FIRE DAMAGE 7,312,500.00 02/05/2017 333 LEADWAY ASS CO LTD Emel Enterprises Limited FLOOD INCIDENT 7,449,724.20 09/10/2017 334 LEADWAY ASS CO LTD Cement Company Of Northern Nigeria DAMAGE 7,486,624.44 22/11/2017 335 LEADWAY ASS CO LTD Federal Ministry Of Education DAMAGE 7,640,216.50 08/11/2017 336 LEADWAY ASS CO LTD Nigerian Breweries Plc Champions Breweries FIRE INCIDENT 7,856,653.84 22/06/2017 337 LEADWAY ASS CO LTD Federal Ministry Of Education DAMAGES 7,992,414.00 12/05/2017 338 LEADWAY ASS CO LTD Business And Management Skills Limited LIGHTNING STRIKE 7,995,260.52 22/12/2017 339 LEADWAY ASS CO LTD Cement Company Of Northern Nigeria DAMAGE TO CLINKER SHADE 8,565,630.38 25/04/2017 340 LEADWAY ASS CO LTD Flour Mills Of Nigeria Plc FLOOD INCIDENT 8,671,381.63 14/08/2017 341 LEADWAY ASS CO LTD First Bank Of Nig. Plc FIRE DAMAGE 9,214,876.46 07/04/2017 342 LEADWAY ASS CO LTD Converters Nigeria Limited FIRE DAMAGE 10,061,194.19 17/03/2017 343 LEADWAY ASS CO LTD Gaslink Nigeria Limited BUSINESS INTERRUPTION 10,526,174.80 29/03/2017 344 LEADWAY ASS CO LTD Flour Mills Of Nigeria Plc RAINSTORM DAMAGE 13,477,163.75 17/01/2017 345 LEADWAY ASS CO LTD BETA GLASS PLC (DELTA PLANT) FURNACE LEAKAGE 14,558,631.89 14/09/2017 346 LEADWAY ASS CO LTD Veevee Paper Products Limited FIRE INCIDENT 15,029,280.00 31/10/2017 347 LEADWAY ASS CO LTD Golden Silk Nigeria Limited FLOOD DAMAGE 17,783,461.58 22/08/2017 348 LEADWAY ASS CO LTD KHS MACHINES NIGERIA LIMITED STORM DAMAGE 19,940,501.04 15/02/2017 349 LEADWAY ASS CO LTD RANONA LIMITED FIRE INCIDENT 27,170,922.21 04/08/2017 350 LEADWAY ASS CO LTD Federal Ministry Of Education FIRE DISASTER 29,636,676.30 04/08/2017 351 LEADWAY ASS CO LTD Phil Hallmark Shopping Plaza FIRE DAMAGE 38,615,482.69 31/05/2017 352 LEADWAY ASS CO LTD RANONA LIMITED FIRE INCIDENT 929,786,223.38 14/06/2017 353 MBA PLC AOS ORWELL LIMITED BURGLARY INCIDENT 3,586,574.99 23/08/2017 354 MBA PLC CONCEPT POINT TELECOMS LIMITED FIRE DAMAGE 4,291,664.98 02/08/2017 355 MBA PLC OANDO PLC BUSINESS INTERRUTION 4,283,520.28 29/03/2017 356 MBA PLC JAGAL GROUP OF COMPANIES ACCIDENTAL DAMAGE 5,000,104.64 17/01/2017 357 MBA PLC AFRICAN INDUSTRIES GROUP ACCIDENTAL DAMAGE 5,160,911.75 19/05/2017 358 MBA PLC APM TERMINALS APAPA LIMITED ACCIDENTAL DAMAGE 6,877,602.89 20/06/2017 359 MBA PLC GUINESS NIGERIA PLC DAMAGE TO GAS TANK 6,843,132.90 25/08/2017 360 MBA PLC NIGERIA BREWERIES PLC/ CHAMPION BREWERIES PLC. FIRE INCIDENT 7,856,653.84 04/07/2017 Nigeria Insurance Digest 2017 139

Fire & Special Perils Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

361 MBA PLC IBAFON OIL FZE LOSS OF INSURED DEPOT 11,222,639.96 01/06/2017 362 MBA PLC FEDERAL AIRPORTS AUTHORITY OF NIGERIA (FAAN) FIRE INCIDENT 14,547,878.99 25/10/2017 363 MBA PLC OVH ENERGY MARKETING LIMITED BREAKDOWN OF GAS GENERATOR 17,027,852.21 18/08/2017 364 MBA PLC NIGERIAN NATIONAL PEROLEUM CORPORATION RAINFALL DAMAGE TO PROPERTY AMBULANCE 40,941,726.89 25/01/2017 365 MBA PLC FRIESLANDCAMPINA WAMCO NIGERIA PLC. FIRE INCIDENT 127,852,968.46 25/07/2017 366 NAIC UMZA INTERNATIONAL FARM LTD DAMAGE 18,362,464.11 06/02/2017 367 NEM INSURANCE PLC MANTRAC NIGERIA LIMITED DAMAGE TO EXCAVATOR 3,586,064.26 AUGUST, 2017 368 NEM INSURANCE PLC INTERSWITCH LIMITED DAMAGE TO GENERATOR 3,663,530.13 JULY,2017 369 NEM INSURANCE PLC DOLPHIN STEEL NIGERIA LIMITED LOSS DUE TO STORM 3,677,799.30 AUGUST, 2017 370 NEM INSURANCE PLC LAGOS AIRPORT HOTEL LTD FIRE INCIDENT 3,683,821.07 JANUARY, 2017 371 NEM INSURANCE PLC AB MICROFINANCE BANK NIGERIA FRAUD COMMITTED 3,733,890.99 JUNE, 2017 372 NEM INSURANCE PLC JUBAILI BROS ENGINEERING LIMITED FIRE 3,734,207.10 JULY, 2017 373 NEM INSURANCE PLC DOLPHIN STEEL NIGERIA LIMITED STORM DAMAGE 3,880,800.66 01-MARCH-17 374 NEM INSURANCE PLC EDIC CHEMICALS & ALLIED DISTRIBUTION LTD ACCIDENTAL DAMAGE 3,897,711.58 FEBRUARY, 2017 375 NEM INSURANCE PLC JUDDY- BOLEMA INDUSTRIES LIMITED FIRE INCIDENT 3,898,500.00 JUNE, 2017 376 NEM INSURANCE PLC MANTRAC NIGERIA LIMITED DAMAGE TO EUIPMENT 4,042,931.14 AUGUST, 2017 377 NEM INSURANCE PLC SAYED FARM LIMITED, FARMS LIMITED FIRE INCIDENT 4,045,856.29 AUGUST, 2017 378 NEM INSURANCE PLC CADBURY NIGERIA PLC FIRE INCIDENT 4,244,588.48 JULY, 2017 379 NEM INSURANCE PLC FAN MILK PLC DAMAGE TO MIXER 4,248,072.75 JULY, 2017 380 NEM INSURANCE PLC STANDARD FLOUR MILLS LIMITED FIRE DAMAGE TO GENERATOR 4,442,350.27 SEPTEMBER, 2017 381 NEM INSURANCE PLC FLOUR MILLS OF NIGERIA PLC AND SUBSIDIARIES THEFT AT LISTER WAREHOUSE 4,477,949.18 DECEMBER, 2017 382 NEM INSURANCE PLC INTER SWASTIK NIGERIA LIMITED BURGLARY INCIDENT 4,490,856.82 MAY,2017 383 NEM INSURANCE PLC ASSOCIATED COMPANIES INSURANCE SCHEMES (NIG. BREWERIES & FIRE INCIDENT 4,910,528.29 FEBRUARY,2017 384 NEM INSURANCE PLC HONEYWAVES COMMUNICATION INVESTMENT LTD FIRE OUTBREAK 5,148,939.96 JULY,2017 385 NEM INSURANCE PLC MIDCOM NIGERIA LIMITED THEFT INCIDENCE 5,368,590.00 MAY,2017 386 NEM INSURANCE PLC FLOUR MILLS GROUP DAMAGE FROM RAINSTORM 5,390,865.50 JANUARY, 2017 387 NEM INSURANCE PLC H. K. G. IMPEX NIGERIA LIMITED THEFT INCIDENT 5,573,858.55 MARCH,2017 388 NEM INSURANCE PLC VEEVEE PAPERS PRODUCTS LIMITED FIRE INCIDENT 5,635,980.02 NOVEMBER, 2017 389 NEM INSURANCE PLC MEHDI GLOBAL SERVICES LTD BURGLARY INCIDENT 6,358,858.62 AUGUST, 2017 390 NEM INSURANCE PLC QUALITEX TEXTILES LTD FLOOD DAMAGE 6,444,994.69 OCTOBER, 2017 391 NEM INSURANCE PLC ECOMAX IDEAL IMPEX LTD/ AND/OR ASS loss of pms due to accident 6,603,713.75 NOVEMBER, 2017 392 NEM INSURANCE PLC NCR ( NIGERIA ) PLC ACCIDENTAL DAMAGE 6,750,000.00 JANUARY, 2017 393 NEM INSURANCE PLC GUINNESS NIGERIA PLC DAMAGE TO GAS TANK 6,843,132.90 AUGUST, 2017 394 NEM INSURANCE PLC SUNTORY BEVERAGE & FOODS NIGERIA LIMITED FIRE DAMAGE 7,002,601.08 SEPTEMBER, 2017 395 NEM INSURANCE PLC FAN MILK PLC BREAKDOWN OF TRANSFORMER 7,133,315.88 JUNE, 2017 396 NEM INSURANCE PLC CONTOUR GLOBAL SOLUTION NIG LTD BREAKDOWN OF GENERATOR 7,412,927.56 AUGUST, 2017 397 NEM INSURANCE PLC PROMASIDOR NIGERIA LIMITED FIRE INCIDENT 7,577,337.75 OCTOBER, 2017 398 NEM INSURANCE PLC AFRICAN FOUNDRIES LIMITED ACCIDENTAL DAMAGE 7,653,622.95 MAY,2017 399 NEM INSURANCE PLC SARA PRODUCT LIMITED FIRE DAMAGE 8,102,540.43 DECEMBER, 2017 400 NEM INSURANCE PLC LEKKI FREE ZONE DEVELOPLMENT COMPANY THEFT 8,216,360.95 AUGUST, 2017 401 NEM INSURANCE PLC MULTICHEM INDUSTRIES LIMITED DAMAGE DUE TO HEAVY RAINFALL 8,398,146.10 JANUARY, 2017 402 NEM INSURANCE PLC JAGAL GROUP OF COMPANIES ACCIDENTAL DAMAGE 8,587,323.54 JANUARY, 2017 403 NEM INSURANCE PLC MDS LOGISTICS PLC FIRE INCIDENT 10,255,168.88 JANUARY, 2017 404 NEM INSURANCE PLC EMEL CORPORATE SOLUTIONS LIMITED FLOOD DAMAGE 11,174,586.30 OCTOBER, 2017 405 NEM INSURANCE PLC UAC FOODS LIMITED FIRE INCIDENT 12,972,750.80 JUNE, 2017 406 NEM INSURANCE PLC AFRICAN STEEL MILLS NIGERIA LIMITED FLOOD DAMAGE 15,055,374.80 JULY, 2017 407 NEM INSURANCE PLC D2H SERVICES LTD FLOOD DAMAGE 16,638,260.10 NOVEMBER, 2017 408 NEM INSURANCE PLC AOS ORWELL LIMITED ROBBERY INCIDENT 16,733,697.64 AUGUST, 2017 409 NEM INSURANCE PLC APM TERMINAL APAPA LIMITED ACCIDENTAL DAMAGE 18,233,376.16 SEPTEMBER, 2017 410 NEM INSURANCE PLC WEST AFRICAN WELL SERVICES (WRAFRI) FIRE OUT BREAK 18,573,588.13 MARCH, 2017 411 NEM INSURANCE PLC OANDO PLC AND/OR SUBSIDIARIES COMPANY DAMAGE TO ENGINES 21,184,009.74 AUGUST, 2017 412 NEM INSURANCE PLC M. R. S. OIL NIGERIA PLC fire incident 21,870,197.63 SEPTEMBER, 2017 413 NEM INSURANCE PLC HARVESTFIELD INDUSTRIES LIMITED FIRE INCIDENCE 22,286,275.79 JULY, 2017 414 NEM INSURANCE PLC NCR ( NIGERIA ) PLC DAMAGE MACHINE IN TRANSIT 24,706,538.77 DECEMBER, 2017 415 NEM INSURANCE PLC GMT NIGERIA LTD FIRE OUTBREAK 25,000,000.00 MAY, 2017 416 NEM INSURANCE PLC BRISTOW HELICOPTERS NIGERIA LIMITED FIRE INCIDENT 25,925,977.28 MARCH, 2017 417 NEM INSURANCE PLC IHS NIGERIA PLC FIRE INCIDENT 28,002,389.48 SEPTEMBER, 2017 418 NEM INSURANCE PLC M.R.S OIL NIGERIA PLC FIRE INCIDENCE 31,031,065.22 JANUARY, 2017 419 NEM INSURANCE PLC NIGERIAN BREWERIES PLC 31,426,615.35 JULY, 2017 420 NEM INSURANCE PLC UNIVERSAL LUGGAGE INDUSTRIES LIMITED FIRE INCIDENT 79,158,720.00 NOVEMBER, 2017 140 Nigeria Insurance Digest 2017

Fire & Special Perils Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

421 NEM INSURANCE PLC PHIL HALLMARK SHOPPING PLAZA FIRE DAMAGE 90,102,792.94 JUNE, 2017 422 NEM INSURANCE PLC FRIESLAND CAMPINA WAMCO FIRE INCIDENT 126,371,178.29 JULY,2017 423 NEM INSURANCE PLC RANONA LIMITED FIRE INCIDENT 697,339,667.53 JULY,2017 424 NIG REINS. CORPORATION OLD MUTUAL /NISALEE INDUSTRIES FIRE INCIDENT 7,614,014.S0 19/01/2017 425 NIG REINS. CORPORATION LASACO ASS/RANONNA LTD FIRE INCIDENT 34,787,951.55 09/08/2017 426 NIG REINS. CORPORATION LEADWAY ASS/RANONA LIMITED FIRE INCIDENT 12,155,676.10 10/08/2017 427 NIG REINS. CORPORATION ROYAL EXCHANGE/FREISHLAND FIRE INCIDENT 5,369,644.59 10/08/2017 428 NIG REINS. CORPORATION ROYAL EXCHANGE/FREISHLAND FIRE INCIDENT 7,582,270.70 05/10/2017 429 NIG REINS. CORPORATION EQUITY ASSURANCE/FREISHLAND FIRE INCIDENT 14,254,668.91 19/10/2017 430 NIG REINS. CORPORATION LAW UNION & ROCK /FREISHLAND FIRE INCIDENT 4,894,987.59 05/10/2017 431 NIG REINS. CORPORATION GIC INDIA/NEWZEALAND EARTHQUAKE EARTH QUAKE 15,772,313.78 10/08/2017 432 NIGER INS PLC JAFA FOAM PRODUCTS NIG. LTD FIRE OUTBREAK 10,988,442.30 29/03/2017 433 NSIA INS CO LTD NIGERIAN BREWERIES PLC Material damage 1,571,330,767.27 21/08/2017 434 NSIA INS CO LTD NIGERIAN BREWERIES PLC MARINE 5,137,559.03 20/01/2017 435 NSIA INS CO LTD FEDERAL AIRPORT AUTHORITY OF NIGERIA FIRE 4,764,834.01 24/10/2017 436 NSIA INS CO LTD MEHDI GLOBAL SERVICES LIMITED AND/OR FIRE 3,815,315.18 02/08/2017 SUBSIDIARIES AND/OR ASSOCIATED COMPANIES 437 NSIA INS CO LTD CHUBY-ZION INDUSTRY NIGERIA LIMITED FIRE 17,472,208.96 20/11/2017 438 NSIA INS CO LTD CHUBY-ZION INDUSTRY NIGERIA LIMITED FIRE 12,143,810.00 07/04/2017 439 NSIA INS CO LTD DE-MAUR NIGERIA LIMITED FIRE 10,888,117.50 18/04/2017 440 NSIA INS CO LTD DIAMOND BANK PLC FIRE 8,675,022.63 28/04/2017 441 NSIA INS CO LTD UGOKWE ABEL ENTERPRISES NIGERIA FIRE 5,309,890.92 08/05/2017 442 NSIA INS CO LTD CHINEMEOGO ENTERPRISES LTD FIRE 4,930,537.41 16/08/2017 443 NSIA INS CO LTD OSIKE SERVICES NIGERIA LTD FIRE 4,749,560.00 23/08/2017 444 NSIA INS CO LTD CHINEDU AND DANIEL NIGERIA LIMITED FIRE 3,613,585.67 18/12/2017 445 OLD MUTUAL GEN GAFFA TENTEN INT'L LTD/ECOBANK FIRE DMAGE 6,933,751.00 13/04/2017 446 OLD MUTUAL GEN PLANTATION INDUSTRIES LIMITED DAMAGE 3,628,548.64 09/11/2017 447 OLD MUTUAL GEN DANGOTE GROUP OF COMPANIES181 FIRE INCIDENT 4,207,068.70 28/12/2017 448 OLD MUTUAL GEN NIGERIAN NATIONAL PETROLEUM COR RAINFALL DAMAGE 14,739,021.68 24/02/2017 449 OLD MUTUAL GEN OANDO WINGS DEVELOPMENT LIMITED FALLEN CANOPY 18,360,134.90 21/12/2017 450 OLD MUTUAL GEN LOQUAT CLASSIC NIGERIA LIMITED. FIRE INCIDENT 24,047,358.53 24/08/2017 451 OLD MUTUAL GEN IMONIYAME HOLDINGS LIMITED/ECOB FIRE OUTBREAK 26,810,900.80 26/07/2017 452 OLD MUTUAL GEN NIGERIAN BREWERIES PLC & CHAMPI FIRE INCIDENT 15,713,307.67 28/06/2017 453 PRESTIGE ASS PLC BHOJSONS PLC RAIN STORM DAMAGE 11,093,588.66 17/10/2017 454 PRESTIGE ASS PLC STALLION NIGERIA LIMITED FIRE DAMAGE 8,446,981.50 14/08/2017 455 PRESTIGE ASS PLC HART INDUSTRIES LIMITED MISSING RAW MATERIAL 5,669,027.14 17/10/2017 456 PRESTIGE ASS PLC GEO AMI LIMITED RAIN AND WIND DAMAGE 4,919,809.00 02/06/2017 457 PRESTIGE ASS PLC CYTECH COATINGS NIGERIA LIMITED DAMAGE TO GOODS 4,390,000.00 16/11/2017 458 PRESTIGE ASS PLC UNITED VEHICLE ASSEMBLY LTD RAIN INDUCED DAMAGES/ COLLAPSE 4,102,601.40 21/12/2017 459 PRESTIGE ASS PLC GEO AMI LIMITED ROOF DAMAGE 4,076,000.00 12/01/2017 460 PRESTIGE ASS PLC STALLION NIGERIA LIMITED FIRE INCIDENT 3,652,000.00 24/02/2017 461 PRESTIGE ASS PLC D2H SERVICES LIMITED & ASSOCIATES FLOOD DAMAGE 55,460,867.00 03/11/2017 462 PRESTIGE ASS PLC EMEL GROUP OF COMPANIES LTD MARMAI FLOOD DAMAGE 22,349,172.60 05/10/2017 463 PRESTIGE ASS PLC AIRTEL NETWORKS LIMITED FIRE 20,089,665.84 26/10/2017 464 PRESTIGE ASS PLC ARTEE INDUSTRIES LIMITED & ASSOCIATES FRAUDULENT ACT 17,930,628.76 30/11/2017 465 PRESTIGE ASS PLC POLY PRODUCTS NIGERIA LIMITED ARMED ROBBERY INCIDENT 11,138,728.50 12/10/2017 466 PRESTIGE ASS PLC AIRTEL NETWORKS LIMITED FIRE INCIDENT 9,112,271.54 15/09/2017 467 PRESTIGE ASS PLC SAPONARIA INDUSTRIES LIMITED CLAIM 8,100,000.00 27/03/2017 468 PRESTIGE ASS PLC INTER SWASTIK NIGERIA LTD BURGLARY INCIDENT 7,858,999.45 08/05/2017 469 PRESTIGE ASS PLC CHELLCO INDUSTRIES NIG LTD STORM DAMAGE 7,591,613.62 29/11/2017 470 PRESTIGE ASS PLC SOMOTEX NIGERIA LIMITED COLLAPSE 6,169,098.61 15/02/2017 471 PRESTIGE ASS PLC HYGEIA NIGERIA LTD. DEMAND FOR RESTORATION 6,000,000.00 21/04/2017 472 PRESTIGE ASS PLC UNILEVER PLC FIRE 5,683,936.49 28/02/2017 473 PRESTIGE ASS PLC AIRTEL NETWORKS LIMITED FIRE OUTBREAK 5,660,777.01 13/09/2017 474 PRESTIGE ASS PLC AIRTEL NETWORKS LIMITED FIRE OUTBREAK 5,660,777.01 13/09/2017 475 PRESTIGE ASS PLC ARTEE INDUSTRIES LIMITED & ASSOCIATES FLOOD DAMAGE 5,093,315.15 03/11/2017 476 PRESTIGE ASS PLC CHELLARAMS PLC FRAUDULENT ACTS 5,000,000.00 24/07/2017 477 PRESTIGE ASS PLC AIRTEL NETWORKS LIMITED FIRE OUTBREAK 4,603,646.12 30/05/2017 478 PRESTIGE ASS PLC SOMOTEX NIGERIA LIMITED DAMAGED TO ROOF 4,407,451.53 27/07/2017 479 PRESTIGE ASS PLC POLYTHENE ENTERPRISES NIGERIA LIMITE Detail THEFT OF GENERATOR PART 4,286,893.29 20/06/2017 480 PRESTIGE ASS PLC DANGOTE CEMENT PLC MACHINERY BREAKDOWN 3,603,386.81 02/06/2017

142 Nigeria Insurance Digest 2017

Fire & Special Perils Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT DATE PAID PAID 481 REGENCY ALLIANCE INS PLC PRESTIGE ASSURANCE OFF SHORE DECLARATION 2012 ACCIDENT 20,000,000.00 09/03/2017 482 REGENCY ALLIANCE INS PLC NIGERIAN BREWERIES PLC/CHAMPION BREWERIES PLC FIRE INCIDENT 15,713,307.67 12/10/2017 483 REGENCY ALLIANCE INS PLC AFRICAN STEEL MILLS NIGERIA LTD FLOOD DAMAGE 7,527,687.40 10/07/2017 484 REGENCY ALLIANCE INS PLC APM TERMINALS LIMITED ACCIDENTAL DAMAGE 6,837,516.06 02/08/2017 485 SA INS PLC EMEL GROUP OF COMPANIES & ASSOCIATES FLOOD DAMAGE 3,764,462.10 13/10/2017 486 SA INS PLC NNPC & SUBSIDIARIES RAINFALL DAMAGE 8,341,955.08 15/05/2017 487 SA INS PLC KNIC LIMITED FIRE INCIDENT 8,500,000.00 01/08/2017 488 SA INS PLC KNIC LIMITED FIRE INCIDENT 8,500,000.00 11/10/2017 489 SA INS PLC AHMED O. SALAWUDEEN FIRE INCIDENT 9,527,396.14 18/01/2017 490 SA INS PLC ARTEE INDUSTRIES/MILLENIUM INTERNATIONAL FIRE INCIDENT 9,694,908.25 04/10/2017 491 SA INS PLC MICJON INDUSTRIES LIMITED FIRE OUTBREAK 10,000,000.00 16/01/2017 492 SA INS PLC AFRICAN STEEL MILLS NIGERIA LIMITED FLOOD DAMAGE 10,256,061.24 03/10/2017 493 SA INS PLC SIMS NIGERIA LIMITED FIRE INCIDENT 11,897,615.36 25/05/2017 494 SA INS PLC DANGOTE SUGAR REFINERY PLC INCIDENT 14,500,000.00 16/05/2017 495 SA INS PLC SOMOTEX NIGERIA LIMITED FIRE INCIDENT 15,089,250.98 04/10/2017 496 SA INS PLC DANGOTE SUGAR REFINERY PLC INCIDENT 20,000,000.00 02/03/2017 497 SA INS PLC DANGOTE SUGAR REFINERY PLC INCIDENT 20,000,000.00 18/04/2017 498 SA INS PLC MICJON INDUSTRIES LIMITED FIRE OUTBREAK 29,287,018.75 17/05/2017 499 SUNU ASS NIG PLC SARA PRODUCTS LIMITED FIRE INCIDENT 5,762,741.39 05/12/2017 500 SUNU ASS NIG PLC FEDERAL AIRPORTS AUTHORITY OF NIGERIA FIRE INCIDENT 9,706,409.39 24/10/2017 501 SUNU ASS NIG PLC IHS NIGERIA PLC & ASSOCIATES FIRE 8,382,879.61 26/09/2017 502 SUNU ASS NIG PLC KOREA NATIONAL INSURANCE CORP/ FIRE INCIDENT 8,040,741.67 20/07/2017 GEORGIAN REINS.BROKERS LTD 503 SUNU ASS NIG PLC FRIESLAND CAMPINA WAMCO NIGERIA PLC FIRE INCIDENT 129,258,433.74 18/09/2017 504 SUNU ASS NIG PLC APM TERMINALS APAPA LIMITED ACCIDENTAL DAMAGE 6,895,237.36 17/07/2017 505 SUNU ASS NIG PLC INTERNATIONAL LOGISTICS & FULFILLMENT SERVICES LTD THEFT OF STOCK 6,741,994.87 07/08/2017 506 SAHAM UNITRUST FROOT MULTITRADE NIGERIA LIMITED FIRE DAMAGE 3,700,000.00 18/07/2017 507 SAHAM UNITRUST WHITEGOLD GINNERY LIMITED DAMAGE TO BALES 3,884,580.00 19/07/2017 508 SAHAM UNITRUST WHEATBAKER HOTEL FIRE INCIDENT 4,108,482.00 21/02/2017 509 SAHAM UNITRUST FIRST BANK NIGERIA PLC FIRE INCIDENT 4,607,438.24 10/04/2017 510 SAHAM UNITRUST EKO HOTELS LIMITED STORM DAMAGE 4,629,522.95 14/08/2017 511 SAHAM UNITRUST WHEATBAKER HOTEL FIRE DAMAGE 4,837,724.98 12/09/2017 512 SAHAM UNITRUST ILERA AGRO PROCESSING NIGERIA LTD WATER DAMAGE 5,841,925.00 26/09/2017 513 SAHAM UNITRUST AHMED ABOU ARIDA STORM DAMAGE 6,841,400.00 17/10/2017 514 SAHAM UNITRUST PRESTIGE COSMETICS LTD FIRE DAMAGE 8,139,987.77 31/05/2017 515 SAHAM UNITRUST PLASTIMAT LIMITED FIRE INCIDENT 8,293,919.39 16/08/2017 516 SAHAM UNITRUST GIVANAS COSMETICS NIGERIA LTD RAIN DAMAGE 8,664,706.48 06/03/2017 517 SAHAM UNITRUST INFINITY TYRES LIMITED FLOOD DAMAGE 40,000,000.00 05/10/2017 518 SAHAM UNITRUST SAYED FARMS FIRE 154,394,733.89 29/08/2017 519 VERITAS KAPITAL ASS PLC FEDERAL MINISTRY OF EDUCATION STORM DAMAGE 21,911,771.20 13/10/2017 520 VERITAS KAPITAL ASS PLC MID CENTURY AGRO ALLIED VENTURES LTD FIRE INCIDENT 55,480,000.00 28/12/2017 521 VERITAS KAPITAL ASS PLC FEDERAL MINISTRY OF EDUCATION(FGC ILORIN) DAMAGE TO ROOF OF BUILDING 4,945,511.40 11/12/2017 522 VERITAS KAPITAL ASS PLC FEDERAL MINSTRY OF EDUCATION (IPETUMODU) FIERCE STORM DAMAGE 5,703,128.00 08/06/2017 523 VERITAS KAPITAL ASS PLC NNPC RAINSTORM DAMAGE 20,061,655.00 15/02/2017 524 WAPIC INS PLC LAPO MICROFINANCE BANK LTD. Fire 7,506,080.00 13/07/2017 525 WAPIC INS PLC LAPO MICROFINANCE BANK LTD. Fire 4,220,000.00 07/08/2017 526 WAPIC INS PLC LAPO MICROFINANCE BANK LTD. Fire 4,630,000.00 08/03/2017 527 WAPIC INS PLC LAPO MICROFINANCE BANK LTD. Fire 5,691,080.00 21/04/2017 528 WAPIC INS PLC LAPO MICROFINANCE BANK LTD. Fire 5,943,400.00 13/01/2017 529 WAPIC INS PLC LAPO MICROFINANCE BANK LTD. Fire 6,525,000.00 08/03/2017 530 WAPIC INS PLC PHOENIX STEEL NIGERIA LIMITED Fire Damage 7,164,087.25 15/11/2017 531 WAPIC INS PLC RAGOLIS WATERS LIMITED Fire Damage 11,484,970.23 02/11/2017 532 WAPIC INS PLC MTN NIGERIA COMMUINCATIONS LTD EQUIPMENT FAILURE 3,672,117.92 29/12/2017 533 WAPIC INS PLC DANGOTE INDUSTRIES & SUBSIDIARIES (NASCON) FIRE INCIDENT 9,433,029.45 28/12/2017 534 WAPIC INS PLC VIK INDUSTRIES LIMITED & ASSOCIATES FLOOD DAMAGE 14,346,559.17 13/12/2017 Nigeria Insurance Digest 2017 143

General Accident Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

1 AXA MANSARD INS PLC E-CART INTERNET SERVICES NIGERIA LIMITED ROBBERY 21,533,543.62 24/03/2017 2 AXA MANSARD INS PLC BONIMAS NIGERIA LIMITED LOSS OF GOODS 16,376,778.00 06/09/2017 3 AXA MANSARD INS PLC TUNTOL VENTURES LOSS OF GOODS 14,620,500.00 15/03/2017 4 AXA MANSARD INS PLC BENCHMARK CONSTRUCTION PROPERTY DAMAGE 12,000,000.00 04/05/2017 5 AXA MANSARD INS PLC NASCO INVESTMENT PROPERTY DAMAGE 11,271,633.63 04/04/2017 6 AXA MANSARD INS PLC GUARANTY TRUST BANK PLC DEATH 7,969,521.77 08/08/2017 7 AXA MANSARD INS PLC JULIUS BERGER NIGERIA PLC ACCIDENT 7,500,000.00 06/01/2017 8 AXA MANSARD INS PLC UBER B.V ACCIDENT 7,500,000.00 05/10/2017 9 AXA MANSARD INS PLC SAMB BUILDING CONTRACTORS ACCIDENT 7,046,000.00 23/11/2017 10 AXA MANSARD INS PLC EL-RISHON LOGISTICS LIMITED DAMAGE TO GOODS 6,557,328.00 11/05/2017 11 AXA MANSARD INS PLC DANGOTE GROUP ACCIDENT 5,965,210.00 23/01/2017 12 AXA MANSARD INS PLC AIRTIGHT OIL AND GAS NIG LTD LOSS OF GOODS 5,865,300.00 17/02/2017 13 AXA MANSARD INS PLC BLACKWELL ENERGY LIMITED DAMAGE TO GOODS 5,755,050.00 22/05/2017 14 AXA MANSARD INS PLC BUILDWELL PLANTS & EQUIPMENT INDUSTRY LIMITED ACCIDENT 5,600,752.52 21/09/2017 15 AXA MANSARD INS PLC CONOIL PLC LOSS OF GOODS 5,355,000.00 28/02/2017 16 AXA MANSARD INS PLC SEA WHALE RESOURCES NIGERIA LIMITED DAMAGE TO GOODS 5,229,384.23 05/12/2017 17 AXA MANSARD INS PLC SKYWAY AVIATION HANDLING COMPANY LIMITED. ACCIDENT 5,087,499.49 25/09/2017 18 AXA MANSARD INS PLC VINCO COLLINS MINERALS LTD INJURY 5,040,000.00 27/10/2017 19 AXA MANSARD INS PLC ADS INVESTMENT LTD DAMAGE TO GOODS 4,932,000.00 02/05/2017 20 AXA MANSARD INS PLC JEFFREY OVIE ASHEMUKE DAMAGE TO GOODS 4,645,080.00 10/11/2017 21 AXA MANSARD INS PLC UBA PLC & SUBSIDIARIES ROBBERY ATTACK 4,617,000.00 15/11/2017 22 AXA MANSARD INS PLC VIC LAWRENCE & ASSOCIATES LIMITED FIDELITY GUARANTEE 4,500,000.00 17/07/2017 23 AXA MANSARD INS PLC KINGDOM AGRO MERCHANTS LTD DAMAGE TO GOODS 4,478,611.50 06/09/2017 24 AXA MANSARD INS PLC MTN NIGERIA COMMUNICATIONS FLOOD 4,321,787.72 11/04/2017 25 AXA MANSARD INS PLC POLEMA INDUSTRIES LTD DAMAGE TO GOODS 4,301,100.00 24/05/2017 26 AXA MANSARD INS PLC AIRTIGHT OIL AND GAS NIG LTD LOSS OF GOODS 4,284,000.00 24/03/2017 27 AXA MANSARD INS PLC STERLING BANK PLC FIDELITY GUARANTEE 4,133,692.18 18/05/2017 28 AXA MANSARD INS PLC ROYAL FALLS PARK & RESORT LTD LOSS OF GOODS 4,008,597.86 06/10/2017 29 AXA MANSARD INS PLC ADS INVESTMENT LTD DAMAGE TO GOODS 3,915,000.00 24/04/2017 30 AXA MANSARD INS PLC CROWN CRYSTAL TECHNOLOGIES LTD ACCIDENTAL INJURY 3,833,568.00 13/09/2017 31 AXA MANSARD INS PLC DIAMOND BANK PLC FIDELITY GUARANTEE 3,772,607.32 12/07/2017 32 AXA MANSARD INS PLC SHEMA PETROLUEM NIG LTD LOSS OF GOODS 3,645,000.00 09/08/2017 33 AXA MANSARD INS PLC ACCESS BANK PLC PUBLIC LIABILITY 3,560,264.30 10/01/2017 34 AXA MANSARD INS PLC EL-RISHON LOGISTICS LIMITED DAMAGE TO GOODS 3,500,000.00 09/06/2017 35 CONSOLIDATED HALLMARK INS PLC BLUE-BOND PROJECTS AND SERVICES LIMITED DAMAGE TO GOODS 6,246,051.25 21/02/2017 36 CONSOLIDATED HALLMARK INS PLC ABEX EXPRESS PARCEL SERVICES LOSS OF GOODS 3,553,920.00 15/08/2017 37 CONSOLIDATED HALLMARK INS PLC WHITE GOLD GINNERY LTD. TOTAL LOSS OF 75 BALES 3,780,000.00 12/01/2017 OF COTTON LINTS 38 CONSOLIDATED HALLMARK INS PLC DUNDADU ENTERPRISES NIGERIA LIMITED LOSS OF PMS AS A 3,958,416.00 09/06/2017 RESULT OF AN ACCIDENT 39 CONSOLIDATED HALLMARK INS PLC YUBAM OIL LIMITED LOSS OF GOODS 4,734,545.20 07/09/2017 40 CONSOLIDATED HALLMARK INS PLC LAXMAX INVESTMENT LIMITED LOSS OF GOODS 5,355,000.00 21/08/2017 41 CONSOLIDATED HALLMARK INS PLC ABC TRANSPORT PLC DAMAGED SHIPMENT 6,113,791.62 06/11/2017 42 CONSOLIDATED HALLMARK INS PLC AFRIGLOBAL LOGISTICS & SUPPLY CHAIN DIVISION DAMAGE TO LUBRICANTS 6,221,546.77 02/02/2017 43 CONSOLIDATED HALLMARK INS PLC FELIXOSA INTERNATIONAL COMPANY ARMED ROBBERY ATTACK 7,495,200.00 03/04/2017 44 CONSOLIDATED HALLMARK INS PLC AFRIGLOBAL LOGISTICS & SUPPLY CHAIN DIVISION DAMAGE TO GOODS 7,521,200.00 31/07/2017 45 CONSOLIDATED HALLMARK INS PLC AERO CONTRACTORS COMPANY OF NIGERIA LIMITED DEATH OF LATE MR. 5,038,848.00 26/09/2017 GEORGE ADIGWE 46 CONTINENTAL REINS PLC Various G ACCDT SPLS 4,524,799.54 05/01/2017 47 CONTINENTAL REINS PLC JNC International Ltd DAMAGE TO GOODS 3,741,468.50 24/01/2017 48 CONTINENTAL REINS PLC Various GEN ACCT SPLS 6,427,105.31 31/01/2017 49 CONTINENTAL REINS PLC Various G ACCDT SPLS 21,320,022.54 10/02/2017 50 CONTINENTAL REINS PLC Various G ACCDT SPLS 19,497,972.08 23/02/2017 51 CONTINENTAL REINS PLC Various G ACCDT SPLS 5,800,591.55 02/03/2017 52 CONTINENTAL REINS PLC Various G ACCDT SPLS 36,778,286.15 08/03/2017 53 CONTINENTAL REINS PLC Various G ACCDT SPLS 4,797,109.22 10/03/2017 54 CONTINENTAL REINS PLC Various G ACCDT SPLS 6,277,247.96 14/03/2017 55 CONTINENTAL REINS PLC Various G ACCDT SPLS 3,740,330.99 14/03/2017 56 CONTINENTAL REINS PLC Various LIVESTOCK 17,788,138.18 22/03/2017 57 CONTINENTAL REINS PLC Various G ACCDT SPLS 5,502,025.62 22/03/2017 58 CONTINENTAL REINS PLC Various FAC OBLIG 4,173,782.67 22/03/2017 59 CONTINENTAL REINS PLC Various G ACCDT SPLS 8,717,590.99 07/04/2017 60 CONTINENTAL REINS PLC Various G. ACCDT SPLS 5,439,616.20 28/04/2017 144 Nigeria Insurance Digest 2017

General Accident Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

61 CONTINENTAL REINS PLC Various G.ACC 6,059,418.85 12/05/2017 62 CONTINENTAL REINS PLC Various G.ACC 26,100,215.86 17/05/2017 63 CONTINENTAL REINS PLC Various MISC.ACCIDENT SPLS 41,204,174.94 23/05/2017 64 CONTINENTAL REINS PLC Various FAC OBLIG 4,173,782.67 24/05/2017 65 CONTINENTAL REINS PLC Various G.ACCIDENT SPLS 51,925,862.79 30/05/2017 66 CONTINENTAL REINS PLC Various G.ACCIDENT 3,824,515.78 30/05/2017 67 CONTINENTAL REINS PLC Various G.ACC 11,722,674.01 02/06/2017 68 CONTINENTAL REINS PLC Various G.ACC 6,667,134.53 02/06/2017 69 CONTINENTAL REINS PLC Various G.ACC SPLS 10,656,506.33 29/06/2017 70 CONTINENTAL REINS PLC Various G.ACCIDENT SPLS 4,683,492.06 24/07/2017 71 CONTINENTAL REINS PLC Various G.ACC SPLS 9,600,500.80 10/08/2017 72 CONTINENTAL REINS PLC Various LIVESTOCK/BLOOD QS 6,224,840.36 24/08/2017 73 CONTINENTAL REINS PLC Various CASH/FOOD CROP SPLS 3,996,873.72 24/08/2017 74 CONTINENTAL REINS PLC Various G.ACC SPLS 3,816,215.18 24/08/2017 75 CONTINENTAL REINS PLC Various G.ACC SPLS 26,991,960.64 25/08/2017 76 CONTINENTAL REINS PLC Various FAC. OBLIG 10,804,554.58 25/08/2017 77 CONTINENTAL REINS PLC Various G.ACC SPLS 19,175,121.44 29/08/2017 78 CONTINENTAL REINS PLC Various G.ACC SPLS 4,839,640.26 29/08/2017 79 CONTINENTAL REINS PLC Various G.ACC SPLS 3,731,440.64 30/08/2017 80 CONTINENTAL REINS PLC Various G.ACC SPLS (MONEY & 3,483,167.49 08/09/2017 FIDELITY GUARANTEE) 81 CONTINENTAL REINS PLC Various LIVESTOCK/BLOODSTOCK QS 5,876,177.34 13/09/2017 82 CONTINENTAL REINS PLC Various CASH/FOOD CROP SPLS 4,230,075.70 13/09/2017 83 CONTINENTAL REINS PLC Various G ACCDT SPLS 15,009,141.87 19/09/2017 84 CONTINENTAL REINS PLC Various G ACCDT ;SPLS 9,870,039.60 19/09/2017 85 CONTINENTAL REINS PLC Various G ACCDT SPLS 4,267,411.48 19/09/2017 86 CONTINENTAL REINS PLC Various G ACCDT SPLS 4,011,583.44 19/09/2017 87 CONTINENTAL REINS PLC Various G.ACC SPLS 6,355,497.52 27/09/2017 88 CONTINENTAL REINS PLC Various G.ACC SPLS 6,409,743.80 28/09/2017 89 CONTINENTAL REINS PLC Various MISC ACCDT SPLS 17,141,891.78 30/10/2017 90 CONTINENTAL REINS PLC Various G.ACC SPLS 7,346,821.29 09/11/2017 91 CONTINENTAL REINS PLC Various G.ACC SPLS 5,069,895.14 09/11/2017 92 CONTINENTAL REINS PLC Various G.ACC SPLS 27,514,487.57 14/11/2017 93 CONTINENTAL REINS PLC Various G.ACC SPLS 3,894,419.44 20/11/2017 94 CONTINENTAL REINS PLC Various G.ACC SPLS 4,047,439.06 21/11/2017 95 CONTINENTAL REINS PLC Various G.ACC SPLS 12,369,505.34 22/11/2017 96 CONTINENTAL REINS PLC Various G.ACC SPLS 10,650,900.38 22/11/2017 97 CORNERSTONE INS PLC UNION BANK OF NIGERIA ARMED ROBBERY ATTACK 3,694,318.20 16/01/2017 98 CORNERSTONE INS PLC MDS LOGISTICS LIMITED BURNT WAREHOUSE 13,185,217.13 23/01/2017 99 CORNERSTONE INS PLC FITZAU LIMITED/VIXEN ENTRP LIMITED DAMAGE TO THIRD PARTY PROPERTY 9,500,000.00 01/02/2017 100 CORNERSTONE INS PLC UNION BANK OF NIGERIA PLC FRAUD 4,356,290.81 15/02/2017 101 CORNERSTONE INS PLC MANTRAC NIGERIA LTD DAMAGE TO EQUIPMENT 5,053,663.93 03/03/2017 102 CORNERSTONE INS PLC UNION BANK PLC ATM ROBBERY 6,266,970.00 10/03/2017 103 CORNERSTONE INS PLC MOBIL PRODUCING NIGERIA UNLIMITED DEATH OF OKOCHA CHIEJINA K 79,992,237.80 15/03/2017 FRAUD OF N8,384,000.00 BY 104 CORNERSTONE INS PLC UNION BANK OF NIGERIA PLC MACDONALD OKONYE 3,583,077.57 30/03/2017 105 CORNERSTONE INS PLC GASLINK NIGERIA LIMITED BUSINESS INTERRUPTION 10,526,174.80 31/03/2017 106 CORNERSTONE INS PLC HAYAT KIMYA NIGERIA LTD DAMAGE TO FORKLIFT 4,520,000.00 19/04/2017 107 CORNERSTONE INS PLC AFRICAN FOUNDARIES LIMITED ACCIDENTAL DAMAGE 5,740,217.21 25/04/2017 108 CORNERSTONE INS PLC MUTUAL BENEFIT ASSURANCE PLC DEATH OF MR TOYE MAKNAJUOLA 9,103,710.53 02/05/2017 109 CORNERSTONE INS PLC UNION BANK OF NIGERIA PLC ARMED ROBBERY ATTACK 4,212,000.00 08/05/2017 110 CORNERSTONE INS PLC DANGOTE CEMENT PLC - OBAJANA DAMAGE TO TURBINE 3,649,029.71 08/05/2017 111 CORNERSTONE INS PLC UNION BANK OF NIGERIA PLC BURGLARY INCIDENT 5,088,636.00 16/05/2017 112 CORNERSTONE INS PLC STANBIC IBTC BANK PLC CLONED CHEQUE USED TO PROCESS 4,500,000.00 12/06/2017 NIP TRANSACTION 113 CORNERSTONE INS PLC SUNSHINE OIL AND CHEMICAL DEV.CO LTD STORM DAMAGED 4,692,103.29 21/06/2017 114 CORNERSTONE INS PLC FRIESLANDCAMPINA(WAMCO) NIGERIA PLC BURNT GENERATING SET 126,371,178.30 10/07/2017 115 CORNERSTONE INS PLC DIZENGOFF W.A. (NIGERIA) LTD. & SUBSIDIARIES Flood incident 3,607,296.28 18/07/2017 116 CORNERSTONE INS PLC CADBURY NIGERIA PLC CONSEQUENTIAL LOSS 9,550,324.08 28/07/2017 117 CORNERSTONE INS PLC MANTRAC NIGERIA LIMITED DAMAGE TO CRANE 4,482,580.42 21/08/2017 118 CORNERSTONE INS PLC GUINNESS NIGERIA PLC DAMAGE TO TANK 4,309,088.60 22/08/2017 119 CORNERSTONE INS PLC ALAUSA POWER LTD DAMAGE TO ENGINES 42,368,019.48 25/08/2017 120 CORNERSTONE INS PLC GUINNESS NIGERIA PLC DAMAGE TO TANK 4,562,088.60 28/08/2017 Nigeria Insurance Digest 2017 145

General Accident Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

DEATH OF LATE MR. GEORGE 121 CORNERSTONE INS PLC AREOCONTRACTORS COMPANY OF NIGERIA LIMITED ADIGWE 5,038,848.00 28/09/2017 122 CORNERSTONE INS PLC EMEL GROUP OF COMPANIES LIMITED FLOOD DAMAGE 3,724,862.10 03/10/2017 DAMAGE TO GOODS WHILE 123 CORNERSTONE INS PLC TESSY EVUETA NIG. LTD ON TRANSIT 4,909,668.75 26/10/2017 124 CORNERSTONE INS PLC UNION BANK OF NIGERIA PLC ROBBERY ATTACK 5,271,300.00 16/11/2017 125 CORNERSTONE INS PLC FLOUR MILLS OF NIGERIA PLC STORM DAMAGE 3,635,016.62 24/11/2017

126 CORNERSTONE INS PLC UNION BANK OF NIGERIA PLC FRAUD INCIDENT 3,543,097.50 27/11/2017 DEATH OF MR. AHMED 127 CUST. & ALLIED INS LTD OPTIONS CONSULTANCY SERVICES LTD BALARABE HAMZAH N/A 16,200,000.00 12/01/2017 MRS NIKE .O. ANIMASHAUN Bella Vista Apartments, THEFT OF THE INSURED 128 CUST. & ALLIED INS LTD Block A2 Flat 13 JEWELRIES 15,000,000.00 24/01/2017 129 CUST. & ALLIED INS LTD APAPA BULK TERMINALS LIMITED FIRE DAMAGE 4,358,147.18 13/03/2017 130 CUST. & ALLIED INS LTD JULIUS BERGER NIGERIA PLC FAULTY DESIGN OF WINDOW 3,704,642.98 07/04/2017 131 CUST. & ALLIED INS LTD STERLING BANK PLC CASH SHORTTAGE 13,360,656.38 28/04/2017 FRAUD OF N71,889,474.04 BY 132 CUST. & ALLIED INS LTD STERLING BANK PLC OLUSESAN OYEMADE 5,502,464.42 03/05/2017 133 CUST. & ALLIED INS LTD CMA CGM DELMAS NIGERIA LIMITED INJURY TO OBI ONYEKA N/A 10,162,893.70 05/05/2017 FRAUD OF FX FUND BY 134 CUST. & ALLIED INS LTD SKYE BANK PLC GRACE EZENDU 6,507,500.00 10/05/2017 135 CUST. & ALLIED INS LTD MEHDI GLOBAL SERVICE BURGALRY INCIDENT 3,815,315.18 07/08/2017 136 CUST. & ALLIED INS LTD SKYWAY AVIATION HANDLING CO. LTD COLLISION INCIDENT 5,740,771.00 11/09/2017 DEATH OF MR. GEORGE AEROCONTRACTORS COMPANY OF NIGERIA LTD CO. ADIGWE AS A RESULT OF 137 CUST. & ALLIED INS LTD OF NIGERIA LIMITED GUN SHOT WOUNDS 12,597,120.00 19/10/2017 THEFT INVOLVING MTN STAFF & COLLUSION IN 138 CUST. & ALLIED INS LTD MTN COMMUNICATIONS NIG. LTD. WAREHOUSE 7,712,495.73 30/10/2017 ARMED ROBBERY ATTACK ON BULLION TEAM LONG 139 CUST. & ALLIED INS LTD UNITED BANK FOR AFRICA PLC AIRPORT ROAD PH 4,617,000.04 14/11/2017 ARMED ROBBERY ATTACK 140 CUST. & ALLIED INS LTD SKYE BANK PLC AT BOWEN BRANCH N/A 7,423,791.34 14/11/2017 ACCIDENT INVOLVING ADEKOYA B. SAHEED 141 CUST. & ALLIED INS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION NNPC (I.D. NO. 16016) 6,054,173.76 22/12/2017 ACCIDENT INVOLVING ADEKOYA B. SAHEED 142 CUST. & ALLIED INS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION NNPC (I.D. NO. 16016) 9,450,081.56 22/12/2017 143 ENSURE INS PLC BILGAH GLOBAL RESOURCES LTD ARMED ROBBERY 16,386,300.00 16/08/17 LOSS OF GOODS IN TRANSIT 144 ENSURE INS PLC POLEMA INDUSTRIES LIMITED AS A RESULT OF ACCIDENT 5,734,800.00 23/05/17 INJURY TO VARIOUS 145 GNI PLC ATLANTIC SHRIMPERS LTD EMPLOYEES (2016 BATCH) 5,439,871.06 26/10/2017 DEATH OF MISS OGHENETEGA OLUWAKEMI 146 GNI PLC NIGERIAN URBAN REPRODUCTIVE HEALTH ESIEKPE ON 04/08/2017 8,674,300.80 14/12/2017 DEATH OF VARIOUS OFFICERS OF NIGERIA 147 GUINEA INS PLC NIGERIA CUSTOMS SERVICE CUSTOM SERVICE 5,350,000.00 06/03/2017 DEATH OF VARIOUS OFFICERS OF THE NIGERIA 148 GUINEA INS PLC NIGERIA CUSTOMS SERVICE CUSTOM SERVICE 10,700,000.00 09/03/2017 DAMAGE TO 165KVA GENERATOR WHILE 149 IEI PLC JMG LIMITED ON TRANSIT 3,842,748.00 27/12/2017 THEFT OF GOODS (NESTLE P LC MAGGI) WHILST LOADED 150 IEI PLC JEVEMESTH NIGERIA LIMITED AT THE INSURED'S YARD 8,000,000.00 28/12/2017

146 Nigeria Insurance Digest 2017

General Accident Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

RAINFALL DAMAGE TO 151 LASACO ASS PLC NIGERIAN NATIONAL PETROLEUM CORPORATION INSURED'S PROPERTIES 19,652,028.92 27/02/2017 FIRE INCIDENT AT AFPRINT 152 LASACO ASS PLC RANONA LTD. COMPOUND 464,893,111.69 31/08/2017 FIDELITY GUARANTTEE 153 LAW UNION & ROCK INS PLC STERLING BANK PLC (ALL CLAIMS) 3,256,716.40 02/03/2017 154 LAW UNION & ROCK INS PLC SKYE BANK PLC LARCENY OR THEFT 4,507,301.90 13/11/2017 FIDELITY GUARANTTEE 155 LAW UNION & ROCK INS PLC SKYE BANK PLC. (ALL CLAIMS) 5,003,816.25 30/10/2017 156 LAW UNION & ROCK INS PLC MUTUAL BENEFITS ASSURANCE PLC DEATH 5,689,819.10 02/05/2017 FIDELITY GUARANTTEE 157 LAW UNION & ROCK INS PLC SKYE BANK PLC (ALL CLAIMS) 6,507,500.00 21/04/2017 158 LEADWAY ASS CO LTD Niger Construction Limited (NIGERCAT) ARMED ROBBERY ATTACK 3,990,000.00 09/02/2017 159 LEADWAY ASS CO LTD Rainoil Limited LOSS OF CASH 4,050,000.00 19/05/2017 DEATH OF PROFESSOR 160 LEADWAY ASS CO LTD OBAFEMI AWOLOWO UNIVERSITY FOLUKE OGUNLEYE 4,643,854.27 03/01/2017 INJURY TO MR. ADELEKE 161 LEADWAY ASS CO LTD Ecart Internet Services Nigeria Limited (Jumia) SAMUEL 4,877,840.26 17/10/2017 162 LEADWAY ASS CO LTD XEPTAX SERVICES LIMITED LOSS OF CASH 5,527,501.20 11/04/2017 INJUTY TO MR. EKPERETA 163 LEADWAY ASS CO LTD Nigerian National Petroleum Corporation JOSEPH 7,838,202.13 05/01/2017 DEATH INVOLVING CBN STAFF MR. BELLO MOHAMMED AS A RESULT 164 LEADWAY ASS CO LTD Central Bank Of Nigeria OF ACCIDENT 8,025,284.40 14/07/2017 165 LEADWAY ASS CO LTD Federal Inland Revenue Services DEATH TO MR.BASHIR MUSA 14,772,534.00 05/06/2017 166 LEADWAY ASS CO LTD Unilever Nigeria Plc BURGLARY INCIDENT 4,672,150.60 21/06/2017 167 LEADWAY ASS CO LTD Unique Pharmaceutical Limited BURGLARY INCIDENT 20,740,666.28 22/09/2017 DAMAGE TO GOODS DUE TO 168 LEADWAY ASS CO LTD Fafem Haulage Nigeria Limited AN ACCIDENT 3,698,586.79 28/04/2017 LOSS OF INSURED 169 LEADWAY ASS CO LTD Dile Nigeria Limited CONSIGNMENT 4,174,537.50 08/08/2017 170 LEADWAY ASS CO LTD AYM SHAFA LIMITED FIRE ACCIDENT 4,614,624.00 05/12/2017 171 LEADWAY ASS CO LTD Fafem Haulage Nigeria Limited LOSS OF GOODS 4,927,423.05 07/08/2017 172 LEADWAY ASS CO LTD NORTHWEST PETROLEUM RETAIL SERVICES LIMITED LOSS OF PRODUCT 4,950,000.00 07/02/2017 173 LEADWAY ASS CO LTD Erhunmwunse Golden Logistic LOSS OF GOODS 7,596,000.00 13/02/2017 174 LEADWAY ASS CO LTD JimLam Freight Services DAMAGE TO GOODS 7,960,680.00 31/10/2017 175 LEADWAY ASS CO LTD Lanko Haulage Nigeria Limited DAMAGE TO GOODS 15,377,884.36 10/02/2017 176 MBA PLC STERLING BANK PLC. CASH SHORTAGE 3,604,719.24 13/04/2017 177 MBA PLC ST. NICHOLAS HOSPITAL CLAIM FOR DAMAGES 3,600,000.00 25/05/2017 178 MBA PLC AD CONCEPTS COMMUNICATION ENTERPRISES FIRE DAMAGE 4,165,944.81 23/02/2017 179 MBA PLC ARCUS GIBB NIGERIA LIMITED FLOOD DAMAGE 5,129,240.21 28/06/2017 180 MBA PLC TOPNOTCH RESOURCES LIMITED LOSS OF GOODS IN TRANSIT 5,156,863.03 23/10/2017 181 MBA PLC NIGERIA SOCIAL INSURANCE TRUST FUND LOSS OF LAPTOPS & IPAD 4,996,438.42 29/09/2017 INJURY AND ACCIDENTAL 182 MBA PLC THE NIGERIA POLICE FORCE DEATH 5,310,000.00 17/01/2017 183 MBA PLC UBA PLC & SUBSIDIARIES ARMED ROBBERY ATTACK 5,610,478.87 10/11/2017 184 MBA PLC V-LOGIC LIMITED MISSING TRUCK 5,882,615.08 17/08/2017 185 MBA PLC TAN AGRO LIMITED LOSS OF GOODS IN TRANSIT 5,965,074.08 17/01/2017 186 MBA PLC INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA FIRE INCIDENT 6,389,592.47 31/05/2017 187 MBA PLC OILSERV LIMITED BUSH FIRE INCIDENT 6,849,635.92 15/08/2017 DAMAGE TO WAREHOUSE 188 MBA PLC TRIDENT MARKETING LIMITED STOCK 7,374,162.54 11/12/2017 DEATH OF MR. PHILIP 189 MBA PLC NORTHWEST PETROLEUM & GAS COMPANY LIMITED OKPAIKA 10,000,000.00 06/12/2017 DEATH OF MR. PHILIP 190 MBA PLC NORTHWEST PETROLEUM & GAS COMPANY LIMITED OKPAIKA 10,000,000.00 06/12/2017 DEATH OF MR SAMUEL 191 MBA PLC NORTHWEST PETROLEUM & GAS COMPANY LIMITED EHIREMEN AKHIGBE 10,710,000.00 05/07/2017 192 MBA PLC MOBIL PRODUCING NIGERIA UNLIMITED DEATH OF CHIJENA OKOCHA 17,776,052.84 17/03/2017 Nigeria Insurance Digest 2017 147

General Accident Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

193 NEM INSURANCE PLC EMPLOYEES OF OANDO PLC DAMAGE TO KIA CERATO 3,721,744.53 MARCH,2017 DEATH OF MR. ABE 194 NEM INSURANCE PLC FLOUR MILLS OF NIGERIA PLC OLUWAGBENGA EMMANUEL 3,516,735.32 SEPTEMBER, 2017 INJURY TO MR. EBERE 195 NEM INSURANCE PLC TOP STEEL NIGERIA LIMITED CHUKWU 3,536,224.66 MARCH,2017 196 NEM INSURANCE PLC CONIC INVESTMENT AND PROPERTIES LTD ACCIDENT 3,555,805.47 OCTOBER, 2017 CLAIM IN DAMAGES FOR 197 NEM INSURANCE PLC ST NICHOLAS HOSPITAL MEDICAL NEGLIGENCE 3,600,000.00 MAY,2017 DAMAGE TO 198 NEM INSURANCE PLC SAMCHAM HOLDINGS LIMITED CONTRAINEERIZED GOODS 3,620,432.95 JULY,2017 199 NEM INSURANCE PLC JUBAILI BROS ( ENGINEERING) LTD CASH DIFFERENTIAL 3,691,474.52 JUNE, 2017 200 NEM INSURANCE PLC MUKKY INTERNATIONAL & SONS LTD ACCIDENT 3,761,766.00 JAN,2017 201 NEM INSURANCE PLC ROLASTAR NIGERIA LIMITED FRAUD 3,927,606.20 JUNE, 2017 DAMAGE TO JBN POLYMER 202 NEM INSURANCE PLC JULIUS BERGER NIG. PLC GENERATOR 4,049,955.02 JANUARY,2017 203 NEM INSURANCE PLC R. T. BRISCOE NIGERIA PLC FRAUD INCIDENT 4,275,000.00 FEBRUARY,2017 204 NEM INSURANCE PLC STERLING BANK PLC CASH SHORTAGE 4,285,153.13 MARCH,2017 205 NEM INSURANCE PLC OILTIDE NIGERIA LIMITED LOSS OF PETROLEUM 4,324,479.17 SEPTEMBER, 2017 206 NEM INSURANCE PLC INT TOWERS LIMITED FIRE INCIDENT 4,444,019.46 SEPTEMBER, 2017 207 NEM INSURANCE PLC SAMCHAM HOLDINGS LIMITED ACCIDENT 4,450,518.36 FEBRUARY,2017 208 NEM INSURANCE PLC APM TERMINALS APAPA LIMITED BURNT IMPORT CONTAINER 4,460,361.75 AUGUST, 2017 209 NEM INSURANCE PLC FAN MILK PLC ACCIDENT 4,490,612.09 AUGUST, 2017 210 NEM INSURANCE PLC WEST AFRICAN CONTAINER TERMINAL DAMAGE 4,527,178.69 SEPTEMBER, 2017 211 NEM INSURANCE PLC TOPLINE M & P LOGISTICS LTD TRUCK HIJACK 4,528,003.66 AUGUST, 2017 212 NEM INSURANCE PLC UNITY BANK PLC FRAUD 4,730,370.16 FEBRUARY,2017 213 NEM INSURANCE PLC M. L. LEE GROUP OF COMPANIES LIMITED ACCIDENT 4,776,408.00 JUNE, 2017 DEATH OF MR. ABE 214 NEM INSURANCE PLC FLOUR MILLS OF NIGERIA PLC OLUWAGBENGA EMMANUEL 5,023,907.59 AUGUST, 2017 DEATH OF FASASI ALADE 215 NEM INSURANCE PLC MDS LOGISTICS LIMITED BASHIRU 5,032,013.28 JULY, 2017 INDUSTRIAL INJURY TO MR. 216 NEM INSURANCE PLC ENL CONSORTIUM LIMITED OKE MOSES 5,348,627.31 JANUARY, 2017 INJURY TO MR. UBA FESTUS 217 NEM INSURANCE PLC SAIPEM CONTRACTING NIGERIA LIMITED ONYENWELU 5,380,589.44 JANUARY, 2017 LOSS OF PETROLEUM 218 NEM INSURANCE PLC NOVEL UNIVERSAL RESOURCES NIGERIA LIMITED PRODUCTS 5,397,840.00 FEBRUARY, 2017 LOSS OF PETROLEUM 219 NEM INSURANCE PLC NOVEL UNIVERSAL RESOURCES NIGERIA LIMITED PRODUCTS 5,397,840.00 MAY,2017 220 NEM INSURANCE PLC UNITED BANK FOR AFRICA PLC ARMED ROBBERY ATTACK 5,540,400.05 DECEMBER, 2017 221 NEM INSURANCE PLC NOVEL UNIVERSAL RESOURCES NIGERIA LIMITED LOSS OF GOODS 5,634,360.00 AUGUST, 2017 222 NEM INSURANCE PLC APAPA BULK TERMINALS LTD BURNT CRANE 5,810,862.90 MARCH,2017 223 NEM INSURANCE PLC TRANSOCEANIC OIL AND GAS LIMITED LOSS OF PRODUCT 6,358,500.00 SEPTEMBER, 2017 224 NEM INSURANCE PLC FAN MILK PLC ACCIDENT 6,480,000.00 JUNE, 2017 225 NEM INSURANCE PLC FAN MILK PLC ACCIDENT 6,480,000.00 JUNE, 2017 226 NEM INSURANCE PLC ADLER PRODUCT LIMITED THEFT 6,959,746.54 JANUARY,2017 227 NEM INSURANCE PLC FLY BLUE TRAVELS NIGERIA FIRE ACCIDENT 7,200,000.00 AUGUST, 2017 228 NEM INSURANCE PLC ENL CONSTRUCTION COMPANY LIMTED INDUSTRIAL INJURY 7,890,612.71 FEBRUARY,2017 229 NEM INSURANCE PLC ABUSATO GLOBAL VENTURES LIMITED Accident 8,768,880.00 AUGUST, 2017 230 NEM INSURANCE PLC BETA GLASS PLC ( DELTA PLANT) FURNACE LEAKAGE 9,705,754.59 OCTOBER, 2017 DAMAGE TO GOODS IN 231 NEM INSURANCE PLC MODU KOFA NIGERIA LTD TRANSIT 11,904,750.00 APRIL,2017 232 NEM INSURANCE PLC WEST AFRICAN CONTAINER TERMINAL ACC. DAMAGE TO CONTAINER 14,370,405.64 MAY,2017 233 NEM INSURANCE PLC NIPCO PLC ACCIDENT 20,155,683.80 JULY,2017 234 NEM INSURANCE PLC RIVERSIDE TRANSPORT LIMITED ACCIDENT 3,717,393.51 JANUARY,2017 235 NEM INSURANCE PLC SETRACO NIGERIA LIMITED FATAL ACCIDENT 3,705,780.00 OCTOBER, 2017 236 NEM INSURANCE PLC SINGEOBI TRANSPORT LIMITED ACCIDENT 8,500,000.00 JULY,2017 237 NIGER INS PLC TARABAROZ FISHERIES LTD MACHINERY BREAKDOWN 11,647,914.36 02/02/2017 238 NIGER INS PLC INTELS NIGERIA LIMITED LIGHTENING DAMAGE 4,400,000.00 13/06/2017 239 NIGER INS PLC DAMIEN FOUNDATION OF BELGIUM DEATH OF MR HENRY OTOBO 7,000,000.00 12/10/2017 240 NIGER INS PLC NIGERIAN POLICE FORCE INJURY/DEATH 20,705,595.00 07/11/2017 148 Nigeria Insurance Digest 2017

General Accident Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

241 NSIA INS CO LTD DIAMOND BANK PLC THEFT 9,157,211.49 06/01/2017 242 NSIA INS CO LTD DIAMOND BANK PLC THEFT 5,933,749.73 01/08/2017 243 NSIA INS CO LTD C.UKAH AND COMPANY (NIGERIA) LIMITED ACCIDENT 5,400,000.00 05/04/2017 244 NSIA INS CO LTD ODOGWU ZEBSON INTERNATIONAL LIMITED ACCIDENT 4,500,000.00 01/03/2017 245 NSIA INS CO LTD SDON OIL LIMITED ACCIDENT 3,667,578.75 24/01/2017 246 OLD MUTUAL GEN REM-BAM NIGERIA LIMITED ACCIDENT 4,043,196.00 02/03/2017 247 OLD MUTUAL GEN H. SAFIEDINE TRANSPORT LTD ACCIDENT 13,500,000.00 03/07/2017 248 OLD MUTUAL GEN H. SAFIEDINE TRANSPORT LTD ACCIDENT 18,000,000.00 18/08/2017 249 OLD MUTUAL GEN ECOBANK NIGERIA PLC3919 DAMAGE 6,514,952.06 13/10/2017 250 OLD MUTUAL GEN APM TERMINALS APAPA LIMITED40 DAMAGE TO GENERATOR 9,116,688.08 19/07/2017 251 OLD MUTUAL GEN ECOBANK NIGERIA PLC3919 FIRE DAMAGE 11,232,675.97 28/09/2017 252 OLD MUTUAL GEN ECOBANK NIGERIA PLC3919 DAMAGE 11,232,675.97 05/09/2017 253 PRESTIGE ASS PLC CROWN PACK NIG. & ASSOCIATES BURGLARY INCIDENT 18,000,000.00 06/06/2017 254 PRESTIGE ASS PLC HOLLOWAY TRAVELS LTD COUNTER BONDS 15,000,000.00 14/08/2017 255 PRESTIGE ASS PLC HOLLOWAY TRAVELS LTD COUNTER BONDS 15,000,000.00 14/09/2017 256 PRESTIGE ASS PLC ROTOPRINT LIMITED BURGLARY INCIDENT 12,987,718.88 28/07/2017 257 PRESTIGE ASS PLC FMCG DISTRIBUTIONS LTD BURGLARY INCIDENT 11,893,409.57 22/02/2017 258 PRESTIGE ASS PLC PENTAGON PLASTIC IND LTD BURGLARY INCIDENT 11,000,000.00 19/12/2017 259 PRESTIGE ASS PLC STALLION NIGERIA LIMITED ROBBERY IN STALLION 8,500,000.00 28/02/2017 260 PRESTIGE ASS PLC PRISM STEEL MILL LIMITED THEFT INCIDENT 7,087,500.00 23/10/2017 261 PRESTIGE ASS PLC SACVIN NIGERIA LIMITED-KANO FIRE INCIDENT 4,500,000.00 07/11/2017 262 PRESTIGE ASS PLC MELVYN NICKSON NIGERIA LTD INJURY TO MR TAIWO OGUNWALE 4,250,027.20 04/07/2017 263 PRESTIGE ASS PLC RHINE INDUSTRIES NIGERIA LIMITED THEFT AT RHINE INDUSTRIES 4,142,770.73 12/10/2017 264 PRESTIGE ASS PLC INDORAMA ELEME PETROCHEMICALS LIMITED GOODS-IN-TRANSIT CLAIM 17,925,600.00 28/06/2017 265 PRESTIGE ASS PLC INDORAMA ELEME FERTILIZER & CHEMICALS LIMITED DAMAGE TO GOODS-IN-TRANSIT 15,161,100.00 21/08/2017 266 PRESTIGE ASS PLC LIONSEAL INDUSTRIES LIMITED DAMAGE TO GOODS-IN-TRANSIT 14,312,700.00 18/07/2017 267 PRESTIGE ASS PLC PURECHEM MANUFACTURING DAMAGE TO GOODS-IN-TRANSIT 12,636,000.00 21/08/2017 268 PRESTIGE ASS PLC INDORAMA PET (NIGERIA) LIMITED DAMAGE TO GOODS-IN-TRANSIT 11,091,950.84 21/03/2017 269 PRESTIGE ASS PLC VITAL PRODUCT LIMITED DAMAGE TO GOODS-IN-TRANSIT 8,228,571.12 10/08/2017 270 PRESTIGE ASS PLC TRANS GLOBAL LOGISTICS LTD DAMAGE TO POWER TRANSFORMER 7,965,000.00 26/07/2017 271 PRESTIGE ASS PLC INDORAMA PET (NIGERIA) LIMITED DAMAGE TO GOODS-IN -TRANSIT 7,482,194.01 27/12/2017 272 PRESTIGE ASS PLC LIONSEAL INDUSTRIES LIMITED Accident 6,055,948.80 08/03/2017 273 PRESTIGE ASS PLC 3GI RESOURCES NIGERIA LIMITED DAMAGE TO GOODS-IN-TRANSIT 5,494,950.00 30/06/2017 274 PRESTIGE ASS PLC D2H SERVICES LTD. & ASSOCIATES DAMAGE TO GOODS-IN-TRANSIT 5,435,415.00 10/10/2017 275 PRESTIGE ASS PLC 3GI RESOURCES NIGERIA LIMITED DAMAGE TO GOODS-IN-TRANSIT 5,244,750.00 07/12/2017 276 PRESTIGE ASS PLC MANAL GROUP &/ OR ASSOCIATED COMPANY DAMAGE TO GOODS-IN-TRANSIT 4,419,440.19 15/08/2017 277 PRESTIGE ASS PLC MINL LIMITED FALLEN CONTAINER 4,277,880.00 05/12/2017 278 PRESTIGE ASS PLC CROWN FLOUR MILL LIMITED & ASS. COS. DAMAGE TO GOODS-IN-TRANSIT 3,673,822.50 24/05/2017 279 REGENCY ALLIANCE INS PLC NIGERIA CUSTOMS SERVICES DEATHS & INJURIES CLAIMS 7,353,000.00 17/10/2017 280 REGENCY ALLIANCE INS PLC KOLAWOLE SANUSI NIG. LTD ACCIDENT 3,715,470.00 05/07/2017 281 SA INS PLC PORTS & TERINAL OPERATIONS (NIG.) LTD DAMAGE TO THIRD PARTY 5,018,175.00 15/09/2017 282 SA INS PLC MOBIL PRODUCING NIGERIA UNLIMITED DEATH OF CHIEJINA OKOCHA 13,332,039.63 16/05/2017 283 SA INS PLC FIDELITY BANK PLC FRAUDULENT WITHDRAWAL OF 54,557,260.15 13/01/2017 THE SUM OF N63,800,000.00 284 SUNU ASS NIG PLC NORTHERN INDUSTRIES LIMITED BURGLARY INCIDENT 3,780,640.18 26/05/2017 285 SUNU ASS NIG PLC NESTOIL LIMITED LOSS OF GOODS IN TRANSIT 10,224,080.99 26/01/2017 286 SUNU ASS NIG PLC KEN MADUAKOR OIL & GAS LIMITED ACCIDENT INVOVLING MACK TRUCK 5,564,942.75 19/07/2017 287 SUNU ASS NIG PLC LOQUAT CLASSIC NIGERIA LTD/ STERLING BANK DAMAGE TO GOODS IN TRANSIT 4,755,215.00 14/12/2017 288 SUNU ASS NIG PLC C.U MBAJI & SONS LTD. LOSS OF GOODS IN TRANSIT 4,316,634.91 03/07/2017 289 SUNU ASS NIG PLC YOAKEM ENTERPRISES ARMED ROBBERS ATTACK 4,138,226.05 25/10/2017 290 SUNU ASS NIG PLC KEN MADUAKOR OIL & GAS LIMITED DAMAGE TO GOODS IN TRANSIT 3,802,754.75 23/02/2017 291 SUNU ASS NIG PLC MUSKOL GLOBAL MULTI VENTURES LIMITED DAMAGE TO GOODS IN TRANSIT 3,736,676.59 07/02/2017 292 SUNU ASS NIG PLC SAIPEM CONTRACTING NIG. LTD. INJURY TO MR. FESTUS 3,587,059.63 10/01/2017 ONYEWELU UBA 293 SAHAM UNITRUST COMPASS POWER SOLUTIONS LTD THEFT OF COPPER 3,629,376.57 18/09/2017 294 SAHAM UNITRUST JUBAILI AGROTEC LTD (IBADAN) ARMED ROBBERY INCIDENCE 5,000,000.00 16/08/2017 295 SAHAM UNITRUST RATCON CONSTRUCTION CO.LTD BURGLARY INCIDENT 5,532,171.48 22/06/2017 296 SAHAM UNITRUST FAHA DYNAMICS (WA) LTD BURGLARY INCIDENT AT 5,639,166.00 09/08/2017 INSURED'S PREMISES 297 SAHAM UNITRUST I.T.B.NIGERIA LTD. BURGLARY INCIDENT 7,623,000.00 20/09/2017 Nigeria Insurance Digest 2017 149

General Accident Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

298 SAHAM UNITRUST BEL IMPEX LIMITED INJURY TO GBOLOKUN TOPE 3,500,000.00 11/07/2017 INJURY TO MR MUAZU MUSA 299 SAHAM UNITRUST NAEL & BIN HARMAL HYDROEXPORT NIG. LTD AS A RESULT OF RTA 7,181,600.00 26/01/2017 INJURY TO MR BAMIDELE 300 SAHAM UNITRUST YASNAS ENGINEERING AGUNBIADE 14,679,000.00 30/11/2017 301 SAHAM UNITRUST DELIFROST CATERERS NIG. LTD. DAMAGE TO GOODS IN TRANSIT 5,034,951.49 20/03/2017 302 SAHAM UNITRUST AFRICAN TRUCKERS LTD. LOSS OF GOODS IN TRANSIT 8,232,512.53 15/02/2017 303 WAPIC INS PLC SCOA NIGERIA LIMITED Burglary 6,606,722.00 14/11/2017 304 WAPIC INS PLC MANTRAC NIGERIA LIMITED Accidental Damage 3,652,220.01 22/08/2017

305 WAPIC INS PLC LAPO MICROFINANCE BANK LTD. Bodily Injury 3,502,692.91 08/03/2017 306 WAPIC INS PLC LAPO MICROFINANCE BANK LTD. Bodily Injury 3,576,896.59 08/03/2017 DANGOTE CEMENT PLC (IBESE CEMENT PLANT AND 307 WAPIC INS PLC OBAJANA CEMENT) Fire 3,743,428.72 26/04/2017 308 WAPIC INS PLC LAPO MICROFINANCE BANK LTD. Bodily Injury 3,788,977.33 25/04/2017 309 WAPIC INS PLC MTN NIGERIA COMMUINCATIONS LTD Flood, Storm,Etc 4,096,373.33 24/04/2017 310 WAPIC INS PLC MANTRAC NIGERIA LIMITED Accidental Damage 4,112,391.30 03/03/2017 311 WAPIC INS PLC GUINNESS NIGERIA PLC T P Bodily Injury,Death 4,130,758.00 29/08/2017

312 WAPIC INS PLC OLAKEYE ENT NIG LTD Accidental Damage 4,179,680.43 05/04/2017 313 WAPIC INS PLC CADBURY NIGERIA PLC Fire Damage 4,320,249.41 01/08/2017 314 WAPIC INS PLC RAINOIL LIMITED Robbery 4,723,000.00 10/04/2017 DANGOTE CEMENT PLC (IBESE CEMENT PLANT AND 315 WAPIC INS PLC OBAJANA CEMENT) Machinery Damage-Accident 4,992,695.11 08/05/2017 316 WAPIC INS PLC UNILEVER NIGERIA PLC Fire Damage 4,998,815.29 27/02/2017 317 WAPIC INS PLC CHYJYKE NTEGRATED SERVICES / FIDELITY BANK PLC Fire 5,196,377.35 27/04/2017 318 WAPIC INS PLC LAPO MICROFINANCE BANK LTD. Bodily Injury 5,256,431.86 13/01/2017 319 WAPIC INS PLC BILL ENERGY SERVICES LIMITED In Transit 5,546,828.71 06/02/2017 320 WAPIC INS PLC NANOIL OIL & GAS LIMITED In Transit 5,705,983.75 11/01/2017 MDS LOGISTICS PLC AND SUBSIDIARY COMPANIES AND 321 WAPIC INS PLC ASSOCIATED COMPANIES AND AFFILIATED COMPANIES Fire Damage 5,965,312.99 20/01/2017 322 WAPIC INS PLC ACCESS BANK PLC Robbery 6,854,477.25 10/05/2017 323 WAPIC INS PLC HOLBORN NIGERIA LIMITED In Transit 7,399,856.08 23/01/2017 324 WAPIC INS PLC UAC FOODS LIMITED Fire 7,496,975.84 29/06/2017 325 WAPIC INS PLC NIGERIAN NATIONAL PETROLEUM CORPORATION Accidental Damage 20,061,654.77 26/01/2017 326 WAPIC INS PLC TIGER BRANDS & SUBSIDIARIES Fire Damage 30,917,817.62 14/02/2017 327 WAPIC INS PLC OMO-FADE VENTURES/ACCESS BANK PLC Burglary 7,986,996.08 04/10/2017 150 Nigeria Insurance Digest 2017

Engineering Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

1 AXA MANSARD INS PLC MAROTADEK VENTURES MACHINERY BREAKDOWN 14,580,000.00 23/02/2017 2 AXA MANSARD INS PLC DORI CONSTRUCTION AND ENGINEERING NIG LTD PROPERTY DAMAGE 12,321,664.52 30/11/2017 3 AXA MANSARD INS PLC BUILDWELL PLANTS & EQUIPMENT INDUSTRY LIMITED MACHINERY BREAKDOWN 10,436,607.45 10/04/2017 4 AXA MANSARD INS PLC PSALTRY INTERNATIONAL COMPANY LIMITED PROPERTY DAMAGE 9,009,000.00 02/11/2017 5 AXA MANSARD INS PLC SABA STEEL INDUSTRIES LIMITED PROPERTY DAMAGE 7,575,300.00 22/08/2017 6 AXA MANSARD INS PLC PROPERTY MART REAL ESTATE INVESTMENT LTD. MACHINERY BREAKDOWN 6,907,478.97 29/06/2017 7 AXA MANSARD INS PLC IDC CONSTRUCTION LIMITED FLOOD 5,722,380.08 27/09/2017 8 AXA MANSARD INS PLC IDC CONSTRUCTION LIMITED FLOOD 5,413,183.52 04/05/2017 9 AXA MANSARD INS PLC POLEMA INDUSTRIES LTD EXPLOSION 5,033,880.00 22/09/2017 10 AXA MANSARD INS PLC INDORAMA ELEME PETROCHEMICALS LIMITED & OTHERS MACHINERY BREAKDOWN 4,706,365.68 24/04/2017 11 AXA MANSARD INS PLC RMCK CONSTRUCTION LIMITED THIRD PARTY PROPERTY DAMAGE 3,956,120.69 04/07/2017 12 AXA MANSARD INS PLC UNIFIED PAYMENT SERVICES LTD PROPERTY DAMAGE 3,933,000.00 10/02/2017 DAMAGE TO 33KV SIEMENS 13 CHI PLC JULIUS BERGER NIGERIA PLC & OTHERS SUB-STATION 3,888,231.98 28/11/2017 14 CHI PLC CENTRAL SOUTH CONSTRUCTION COMPANY LIMITED DAMAGE TO BEAMS BY ESCAVATOR 9,745,742.00 25/09/2017 NON-SETTING/HAEDENING OF LOWER SECTION OF 12 "ÜMB" GAS 15 CHI PLC JULIUS BERGER PLC TURBINE CONCRETE FOUNDATION 13,049,359.96 12/07/2017 DAMAGE TO INSURED'SDUMP 16 CONTINENTAL REINS PLC BCM GHANA LTD/BCM INTERNATIONAL TRUCK DT143 5,905,776.50 25/08/2017 DAMAGE TO KOMATSU 17 CONTINENTAL REINS PLC BCM GHANA LTD/BCM INTERNATIONAL PC1250-7 EXCAVATOR (Ex44) 17,926,135.95 16/10/2017 DAMAGE TO CAT DUMPER-16 18 CORNERSTONE INS PLC DANGOTE FERTILIZER (HMR-5975) 4,865,567.89 30/01/2017 TOPPLING OF PILING AT INSURED 19 CORNERSTONE INS PLC DANGOTE FERTILIZER LIMITED/FINANCIER/CONTRACTORS CONSTRUCTION SITE 9,442,128.80 17/11/2017 Damage to CAT Dumper-16 20 CUST. & ALLIED INS LTD DANGOTE FERTILIZER LIMITED (HMR-5975) N/A 3,649,175.92 01/02/2017 ACCIDENT INVOLVING 21 CUST. & ALLIED INS LTD SETRACO NIGERIA LIMITED EQUIPMENT DT - 115 N/A 4,300,315.46 01/03/2017 ACCIDENT INVOLVING 22 CUST. & ALLIED INS LTD SETRACO NIGERIA LIMITED EQUIPMENT DT - 70 N/A 3,714,551.00 28/04/2017 DAMAGE TO MIDDLE MOTOR 23 CUST. & ALLIED INS LTD OMNIK LTD AND/OR HANN IMPEX AND/ ASS. C OF MULTILAYER EXTRUDER 8,049,254.25 15/05/2017 DAMAGE TO MIDDLE MOTOR AND DRIVE OF MULTILAYER 24 CUST. & ALLIED INS LTD OMNIK LTD AND/OR HANN IMPEX AND/ ASS. C EXTRUDER 5,411,158.42 24/05/2017 25 CUST. & ALLIED INS LTD OILSERV LIMITED BUSH FIRE DAMAGE 6,849,635.92 01/08/2017 DAMAGE TO FOUNDATION 26 CUST. & ALLIED INS LTD JULIUS BERGER NIGERIA PLC AT AZZURA POWER PLANT 8,155,849.97 10/08/2017 DAMAGE TO FOUNDATION AT 27 CUST. & ALLIED INS LTD JULIUS BERGER NIGERIA PLC AZZURA POWER PLANT 8,155,849.97 10/08/2017 TOPPLING OF PILING RIG AT 28 CUST. & ALLIED INS LTD DANGOTE FERTILIZER LIMITED INSURED'S CONSTRUCTION SITE 7,081,596.60 13/11/2017 29 ENSURE SILVERBIRD SHOWTIME LIMITED BURGLARY INCIDENT 15,932,981.41 11/16/17 BREAKDOWN TO INSURED'S 5,935,828.05 13/12/2017 30 GNI PLC INTELS NIGERIA LTD 2500 KVA MARGEN DIESEL 31 KBL INS LTD KEYSTONE BANK LIMITED BURNT ATM AT ABEOKUTA BRANCH 6,300,718.44 23/08/2017 32 LASACO ASS PLC ELEME PETROCHEMICALS COMPANY (NIGERIA) LIMITED LOSS OF PRODUCTION AND INCREASED COST OF WORKING 6,080,000.00 31/01/2017 33 LASACO ASS PLC INTELS NIGERIA LTD BREAKDOWN OF GENERATOR 5,935,828.05 30/11/2017 34 LAW UNION & ROCK INS PLC SETRACO NIGERIA LIMITED DAMAGE / DISCREPANCY 4,300,315.45 28/02/2017 35 LAW UNION & ROCK INS PLC DANGOTE FERTILIZER LIMITED/FINANCIERS/CONTRACTORS MALICIOUS DAMAGE 4,721,064.40 13/11/2017 36 LAW UNION & ROCK INS PLC INTELS NIGERIA LIMITED MALICIOUS DAMAGE 5,935,828.05 14/11/2017 37 LAW UNION & ROCK INS PLC JULIUS BERGER NIGERIA PLC. ACCIDENTAL DAMAGE 12,960,773.25 05/10/2017 BUSH FIRE INCIDENT 38 LEADWAY ASS CO LTD Oilserv Limited RESULTING TO DAMAGE 6,849,635.92 31/07/2017 RAINSTORM DAMAGE AT THE 39 LEADWAY ASS CO LTD S.C.C. NIGERIA LIMITED KONTAGORA 18,712,090.54 11/07/2017

152 Nigeria Insurance Digest 2017

Engineering Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

ACCIDENTAL DAMAGE TO 40 LEADWAY ASS CO LTD Mothercat Limited EXCAVATOR 80142/7 3,847,483.95 30/11/2017 41 LEADWAY ASS CO LTD ATINAYI NIGERIA LIMITED HIT FM LIGHTNING DAMAGE 3,906,755.96 29/11/2017 42 LEADWAY ASS CO LTD Setraco Nigeria Limited ACCIDENT INVOLVING EQUIPMENT 4,300,315.47 28/02/2017 FIRE INCIDENT AT THE INSURED'S 43 LEADWAY ASS CO LTD S.C.C. NIGERIA LIMITED KARSHI WATER SCHEME PROJECT 4,502,067.57 22/06/2017 damage to caterpillar 44 LEADWAY ASS CO LTD Mothercat Limited grader 140g fleet 4,604,372.58 02/08/2017 ARMED ROBBERY INCIDENT 45 LEADWAY ASS CO LTD Scoa Nigeria Plc And Others AT INSURED PREMESIS 4,846,453.50 09/11/2017 DAMAGE TO CATERPILLAR 46 LEADWAY ASS CO LTD Mothercat Limited D6DDOZER 5,613,300.00 06/10/2017 47 LEADWAY ASS CO LTD SCIB NIG AND CO 5,787,245.39 10/05/2017 DAMAGE TO INSURED'S GAS 48 LEADWAY ASS CO LTD Guinness Nigeria Plc TANK ON 12/10/2016 6,843,132.90 30/08/2017 DAMAGE TO ENGINES AT 49 LEADWAY ASS CO LTD ALAUSA POWER LIMITED ALAUSA POWER LIMITED 42,368,019.49 15/08/2017 50 MBA PLC AFTRADE NIGERIA LIMITED AND ASSOCIATES BREAKDOWN OF GENERATOR 5,009,667.66 18/08/2017 INTELS NIGERIA LIMITED / SUBSIDIARIES/ BREAKDOWN TO INSURED'S 51 MBA PLC ASSOCIATED COMPANIES 2500KVA MARGEN DIESEL 6,071,254.15 05/12/2017 NON SETTING /HARDENING OF LOWER SECTION OF "12 UMB" GAS 10/07/2017 52 MBA PLC JULIUS BERGER NIGERIA LIMITED. TURBINE CONCRETE FOUNDATION 13,283,876.75 DAMAGE TO NEIGHBOUR AUGUST, 2017 53 NEM INSURANCE PLC KUBER DEVELOPERS LIMITED PROPERTY ON DATE TBA 3,540,646.30 ACCIDENT INVOLVING THE LOCOMOTIVE ENGINE MARCH, 2017 54 NEM INSURANCE PLC NIGERIAN RAILWAY CORPORATION IDENTIFICATION NO. 4,143,660.00 APRIL, 2017 55 NEM INSURANCE PLC MV CABLES DISCOVERED DAMAGED 4,247,917.71 ACCIDENT INVOLVING EQUIPMENT APRIL, 2017 56 NEM INSURANCE PLC UNITED CEMENT COMPANY OF NIG. LTD RCH- 08 AT UTURU SITE 4,345,432.53 ACCIDENT INVOLVING THE POWER 57 NEM INSURANCE PLC SETRACO NIGERIA LTD. CAR NO. 99528 ON 07/05/16 6,093,192.60 OCTOBER, 2017 ACCIDENT INVOLVING 58 NEM INSURANCE PLC NIGERIAN RAILWAY CORPORATION EQUIPMENT DT-70 6,500,464.26 MAY, 2017 DAMAGE TO MIDDLE MOTOR AND DRIVE OF MULTILAYER 59 NEM INSURANCE PLC SETRACO NIGERIA LTD. EXTRUDER ON 6,613,638.07 MAY, 2017 ACCIDENT INVOLVING EQUIPMENT 60 NEM INSURANCE PLC OMNIK LIMITED NUMBER DT- 115 ON 25TH JAN, 201 7,169,192.44 MARCH, 2017 DAMAGE TO GENERATOR ON 61 NEM INSURANCE PLC SETRACO NIGERIA LTD. 18TH OCTOBER, 2017 7,425,675.00 DECEMBER, 2017 DAMAGE TO 33KV SIEMENS SUB- 62 NEM INSURANCE PLC SWORD SWEET CONFECTIONERY NIG LTD STATION AT NILS SITE, ABUJA ON 7,776,463.95 OCTOBER, 2017 DAMAGE TO NEIGHBOURS 63 NEM INSURANCE PLC JULIUS BERGER NIGERIA PLC PROPERTY ON 21ST JULY 2017 8,100,000.00 OCTOBER, 2017 ACCIDENTAL DAMAGE TO DAMP TRUCKS 502 & 511 ON 64 NEM INSURANCE PLC KUBER DEVELOPERS LIMITED DATE TBA 9,360,468.61 JULY, 2017 DAMAGE TO MIDDLE MOTOR 65 NEM INSURANCE PLC AFRICAN PITS & QUARRIES LTD OF MULTILAYER EXTRUDER 9,837,977.41 JUNE, 2017 DAMAGE TO BURSBAR WHICH 66 NEM INSURANCE PLC OMNIK LIMITED OCCURRED ON2/7/16 10,553,352.00 JANUARY, 2017 67 NEM INSURANCE PLC ETCO NIGERIA LTD DAMAGE 12,083,730.97 NOVEMBER, 2017 CCECC NIG. LTD/FCDA DAMAGE TO THE FOUNDATION AT AZZURA POWER PLANT ON 68 NEM INSURANCE PLC JULIUS BERGER NIGERIA PLC DATE TBA 32,623,399.89 JULY, 2017 69 NSIA INS CO LTD PRIME COMMERCIAL FARMS LIMITED FIRE 8,783,013.70 26/01/2017 70 NSIA INS CO LTD KOSERV INTEGRATED SERVICES LIMITED MACHINERY BREAKDOWN 6,325,714.29 11/10/2017

Nigeria Insurance Digest 2017 153

Engineering Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

FIRE INCIDENT AT INSURED'S 71 OLD MUTUAL GEN ECOBANK NIGERIA PLC139 KUBWA BRANCH ON 08/06/2017 5,370,988.50 12/09/2017 72 PRESTIGE ASS PLC STARSONIC NIGERIA LTD BREAKDOWN TRANSFORMER 10,935,000.00 07/11/2017 MACHINERY BREAKDOWN AT 73 PRESTIGE ASS PLC PLASKA NIGERIA LIMITED THE INSURED'S PREMISES 5,286,616.07 10/11/2017 DAMAGE TO TEREX BOOM AT 74 REGENCY ALLIANCE INS PLC DORI CONSTRUCTION ENGINEERING COMPANY LIMITED ABUJA 12,321,664.52 05/12/2017 DAMAGE TO PROPERTY AT PLOT 729 IDU NDUSTRIAL 75 REGENCY ALLIANCE INS PLC CHINA CIVIL ENGINEERING CONSTRUCTION CORPORATION ESTATE IDU ABUJA 4,675,000.00 11/04/2017 FIRE OUTBREAK AT NKALI 76 SA INS PLC WEAFRI WELL SERVICES COMPANY LIMITED WELL P11 PORT HARCOURT 5,431,572.87 31/07/2017 DAMAGE TO 33KV SIMENS 77 SA INS PLC JULIUS BERGER NIGERIA PLC SUB STATION AT NILS SITE ABUJA 3,933,005.34 24/10/2017 DAMAGE TO PASSENGER 78 SAHAM UNITRUST I.T.B.NIGERIA LTD. HOIST-SALTEC 4,150,440.00 13/03/2017 DAMAGE TO VARIOUS T/P VEHICLES AND INJURED TO T/P AS A RESULT OF 79 SAHAM UNITRUST SETRACO NIG. LTD BLASTING AT INSURED KEFFI SITE 60,000,000.00 17/07/2017 80 SAHAM UNITRUST A & K CONSTRUCTION LIMITED ACCIDENT INVOLVING GROVE 4,500,000.00 10/03/2017 CRANE WITH REG. NO. FKJ 733 XE 81 SAHAM UNITRUST DAMAGE TO VOLVO EXCAVATOR SOUTH ENERGYX DEVELOPMENT FZE CE 119 8,277,640.41 13/04/2017 DAMAGE TO EXCAVATOR 82 SAHAM UNITRUST RATCON CONSTRUCTION CO.LTD 345B AGS02419 AT IKIRE 12,150,000.00 24/11/2017 DAMAGE TO PROPERTY @ PLOT 729 IDU INDUSTRIAL ESTATE, 83 VERITAS KAPITAL ASS PLC CCECC IDU, ABUJA 3,825,000.00 03/04/2017 84 WAPIC INS PLC DANGOTE FERTILIZER LTD/ FINANCIERS/ CONTRACTORS Engineering 7,205,705.17 14/11/2017 85 WAPIC INS PLC DANGOTE FERTILIZER LTD/ FINANCIERS/ CONTRACTORS Accidental Damage 3,724,588.81 01/02/2017 86 WAPIC INS PLC DANGOTE FERTILIZER LTD/ FINANCIERS/ CONTRACTORS Accidental Damage 4,719,540.41 25/01/2017 154 Nigeria Insurance Digest 2017

Marine And Aviation Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

1 AXA MANSARD INS PLC AIR PEACE LIMITED FIRE 11,901,402.59 15/06/2017 2 AXA MANSARD INS PLC AIR PEACE LIMITED ACCIDENT 11,685,374.62 22/05/2017 3 AXA MANSARD INS PLC EXECUJET LIMITED PROPERTY DAMAGE 4,772,355.00 28/06/2017 4 AXA MANSARD INS PLC CAVERTON HELICOPTERS FLOOD 3,992,140.06 02/02/2017 5 AXA MANSARD INS PLC AMG LOGISTICS NIGERIA LIMITED PROPERTY DAMAGE 32,215,600.56 17/11/2017 6 AXA MANSARD INS PLC ENGEE PET MANUFACTURING COMPANY NIG. LTD PROPERTY DAMAGE 13,639,116.22 12/06/2017 7 AXA MANSARD INS PLC AIPEC OIL AND GAS LIMITED OIL SPILLAGE 8,048,614.50 26/04/2017 8 AXA MANSARD INS PLC GBMT GLOBAL LTD DAMAGE TO GOODS 4,302,638.96 16/10/2017 9 AXA MANSARD INS PLC VIGEO LIMITED EXPLOSION 79,932,584.96 31/08/2017 10 AXA MANSARD INS PLC VIGEO LIMITED EXPLOSION 33,015,600.00 08/05/2017 11 AXA MANSARD INS PLC VIGEO LIMITED EXPLOSION 20,864,025.00 08/05/2017 12 AXA MANSARD INS PLC E.A. TEMILE AND SONS DEVELOPMENT CO. OF NIGERIA LIMITED PROPERTY DAMAGE 15,143,163.06 14/09/2017 13 AXA MANSARD INS PLC SAS CONSULTANTS LIMITED PROPERTY DAMAGE 14,495,793.00 07/02/2017 14 AXA MANSARD INS PLC LATC MARINE LIMITED PROPERTY DAMAGE 11,020,102.15 15/09/2017 15 AXA MANSARD INS PLC LADOL INTEGRATED LOGISTICS FREE ZONE ENTERPRISE PROPERTY DAMAGE 5,100,000.00 19/10/2017 16 AXA MANSARD INS PLC E.A. TEMILE AND SONS DEVELOPMENT CO. OF NIGERIA LIMITED ROBBERY ATTACK 4,560,286.50 27/01/2017 17 AXA MANSARD INS PLC SAJE SHIPPING NIGERIA LIMITED PROPERTY DAMAGE 4,546,395.00 28/11/2017 Claims Settlement on POLICY:40116092600001:With 18 CHI PLC CAVERTON HELICOPTERS LIMITED claim No C4011701260007 4,177,329.15 31/01/2017 INCIDENT INVOLVING 19 CHI PLC DREDGING ATLANTIC LIMITED AGUSTAWESTLAND 4,750,925.21 20/11/2017 FIRE INCIDENT AT MAINTENANCE 20 CHI PLC AIR PEACE LIMITED STORE TERMINAL 18,920,593.62 17/07/2017 FIRE INCIDENT AT MAINTENANCE 21 CHI PLC AIR PEACE LIMITED STORE TERMINAL 18,920,593.62 13/10/2017 FIRE INCIDENT AT MAINTENANCE 22 CHI PLC AIR PEACE LIMITED STORE TERMINAL 34,498,073.08 17/07/2017 INCIDENT INVOLVING 23 CHI PLC DREDGING ATLANTIC LIMITED AGUSTAWESTLAND 76,509,000.00 20/11/2017 INCIDENT INVOLVING 24 CHI PLC DREDGING ATLANTIC LIMITED AGUSTAWESTLAND AW109SP 165,152,882.50 03/11/2017 DAMAGE TO DREDGER 25 CHI PLC NESTOIL LIMITED WANGERLAND ON 10/02/2017 3,713,846.22 19/06/2017 LIGHTING DAMAGE TO 26 CHI PLC HOMELAND INTEGRATED OFFSHORE SERVICES LIMITED NAVIGATIONAL EQUIPMENT 6,858,777.66 06/11/2017 ACCIDENT INVOLVING MV. 27 CHI PLC RELIANCE PETROLEUM LIMITED RELIANCE GRACE ON 10/06/2017 18,939,056.55 20/11/2017 28 CHI PLC NIGERIA LIQUEFIED NATURAL GAS LTD DAMAGE TO CONSIGNMENT 11,468,930.91 COLLISION INCIDENT SAHCOL GROUND HANDLING EQUIPMENT 29 CHI PLC SKYWAY AVIATION HANDLING COMPANY LTD. AND AIR PEACE AIRCRAFT 5,749,240.99 21/09/2017 30 CONTINENTAL REINS PLC Various 2ND QTR 2017 MOTOR XL 7,015,489.34 11/08/2017 31 CONTINENTAL REINS PLC Various 3RD QTR 2017 MOTOR SPLS 4,983,233.36 15/11/2017 32 CONTINENTAL REINS PLC Various 4TH QTR 2016 - M CARGO SPLS 6,939,467.38 07/03/2017 4TH QTR 2016 - MARINE 33 CONTINENTAL REINS PLC Various CARGO SURPLUS 4,367,478.54 14/03/2017 DAMAGE TO INSURED'S 34 CONTINENTAL REINS PLC CUMMINS GHANA LIMITED GENERATOR ON BOARD 12,019,563.74 28/04/2017 35 CONTINENTAL REINS PLC Various 1ST QTR 2017 M.CARGO SPLS 11,327,830.69 30/05/2017 36 CONTINENTAL REINS PLC Various 2ND QTR 2017 M.CARGO SPLS 5,902,188.20 15/08/2017 37 CONTINENTAL REINS PLC Various 2ND QTR 2017 M.CARGO SPLS 4,659,246.39 24/08/2017 38 CONTINENTAL REINS PLC Various 1ST QTR 2017 M.CARGO SPLS 4,043,679.60 31/08/2017 39 CONTINENTAL REINS PLC NIGERIA LNG LIMITED DAMAGE TO ABB TRANSFORMER 8,455,475.91 03/11/2017 40 CONTINENTAL REINS PLC Various 3RD QTR 2017 M.CARGO SPLS 6,062,907.35 10/11/2017 41 CONTINENTAL REINS PLC Various 3RD QTR 2017 - M. CARGO SPLS 5,592,871.50 10/11/2017 42 CONTINENTAL REINS PLC Various 3RD QTR 2017 - M CARGO SPLS 5,448,420.34 10/11/2017 43 CONTINENTAL REINS PLC GOBEL MARINE SERVICES LIMITED CRANK SHAFT DAMAGE TO AUX 11,429,024.86 19/01/2017 44 CONTINENTAL REINS PLC GOBEL MARINE SERVICES LIMITED ENGINE 2, 'MT PRINCESS OGE’ 15,517,763.03 25/01/2017 DMT AMAGE TO HULL OF 45 CONTINENTAL REINS PLC Various PRINCESS OGE 6,042,031.91 10/02/2017

Nigeria Insurance Digest 2017 155

Marine And Aviation Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

46 CONTINENTAL REINS PLC Various 4TH QTR 2016 - M HULL SPLS 14,374,177.65 28/02/2017 47 CONTINENTAL REINS PLC Various 4TH QTR 2016 - M HULL SPLS 8,235,795.58 10/03/2017 48 CONTINENTAL REINS PLC Various 3RD QTR 2016 - M HULL SPLS 22,263,444.00 19/04/2017 49 CONTINENTAL REINS PLC Various 1ST QTR 2017 MARINE HULL SPLS 3,533,618.83 16/05/2017 50 CONTINENTAL REINS PLC Various 1ST QTR 2017 M.HULL U/Y 2016 3,934,214.79 17/05/2017 51 CONTINENTAL REINS PLC Various 1ST QTR 2017 M.HULL U/Y 2015 6,057,548.95 18/05/2017 52 CONTINENTAL REINS PLC Various 1ST QTR 2017 M.HULL SPLS 14,877,818.13 30/05/2017 53 CONTINENTAL REINS PLC Various 1ST QTR 2016 M.HULL 58,879,428.03 13/06/2017 54 CONTINENTAL REINS PLC OMAK MARITIME LTD ACCIDENTAL COLLISION 15,324,654.13 19/06/2017 55 CONTINENTAL REINS PLC Various 2ND QTR 2017 - M HULL SPLS 12,338,666.99 24/07/2017 56 CONTINENTAL REINS PLC Various 2ND QTR 2017 M.HULL SPLS 10,150,740.04 27/07/2017 57 CONTINENTAL REINS PLC Various 2ND QTR 2017 M.HULL SPLS 6,384,217.04 27/07/2017 58 CONTINENTAL REINS PLC FYMARK MARINE OIL & SERVICES LTD SINKING OF VESSEL MV UGODIE 135,496,167.53 02/08/2017 59 CONTINENTAL REINS PLC Various 2ND QTR 2017 M.HULL SPLS 14,330,559.16 29/08/2017 60 CONTINENTAL REINS PLC Various 2ND QTR 2017 M.HULL SPLS 6,315,010.04 30/08/2017 61 CONTINENTAL REINS PLC Ghacem Ghana Ltd SINKING OF BARGE 9 4,235,732.82 04/10/2017 62 CONTINENTAL REINS PLC Various 3RD QTR 2017 - M HULL SPLS 5,404,348.96 27/10/2017 63 CONTINENTAL REINS PLC Various 3RD QTR 2017 MARNE HULL SPLS 23,313,154.47 30/10/2017 64 CONTINENTAL REINS PLC Various 3RD QTR 2017 - M HULL SPLS 15,864,080.29 30/10/2017 65 CONTINENTAL REINS PLC Various 3RD QTR 2017 M.HULL SPLS 6,358,544.65 09/11/2017 66 CONTINENTAL REINS PLC Various 3RD QTR 2017 M.HULL SPLS 12,865,960.51 14/11/2017 67 CONTINENTAL REINS PLC Various 3RD QTR 2017 M.HULL SPLS 3,929,959.08 22/11/2017 68 CONTINENTAL REINS PLC Various 3RD QTR 2017 M.HULL SPLS 6,772,768.48 28/12/2017 DAMAGE OF ROTOR OF 69 CORNERSTONE INS PLC DREDGING ATLANTIC LIMITED AIRCRAFT WHILE LANDING 114,238,827.05 30/10/2017 ACCIDENTAL DAMAGE TO 70 CORNERSTONE INS PLC TRANSIT SUPPORT SERVICES LTD CONTAINER NO: PCIU9016129 4,582,889.26 15/06/2017 COLLISION WITH A FOREIGN VESSEL MT TANK- 84.76 X 71 CORNERSTONE INS PLC TWINSTOMP ENERGY LIMITED BEAM 9.55 MTR MOTOR 24,858,900.00 03/10/2017 DAMAGE TO CONSIGNMENT UNDER MARINE CERTIFICATE 72 CORNERSTONE INS PLC NIGERIA LNG LIMITED NOS. E/MARP/ 2124 114,689,309.10 13/10/2017 DAMAGE TO ENGINE DUE TO 73 CUST. & ALLIED INS LTD OKIN TRAVELS LIMITED FOREIGN OBJECT. N/A 4,428,289.22 16/02/2017 PIRACY ATTACK ON VESSEL 74 CUST. & ALLIED INS LTD ATLANTIC BLUEWATER SERVICES LTD. MT "RADHE" N/A 11,079,018.75 28/02/2017 COLLISION WITH JACK UP 75 CUST. & ALLIED INS LTD ZUKUS INDUSTRIES LIMITED BARGE MV "ZUKUS ADVANTAGE” 6,011,278.43 28/04/2017 LOSS AND DAMAGE TO 144 BOXES OF MOLFIX BABAY 76 CUST. & ALLIED INS LTD GMT LIMITED DIAPERS UNDER CERT 64438 3,684,805.01 09/05/2017 LONE INCIDENT REPORT OF 77 CUST. & ALLIED INS LTD MTN NIGERIA COMMUNICATIONS YELLOW GLIDER BOAT 11,612,111.74 29/08/2017 DAMAGE TO UNDERWAETER 78 CUST. & ALLIED INS LTD LATC MARINE LIMITED AREA OF MV DIJAMA N/A 6,526,469.30 11/09/2017 COLLISION INCIDENT 79 CUST. & ALLIED INS LTD BOURBON INTEROIL NIGERIA LIMTED INVOLVING TEBAH N/A 4,556,659.01 05/10/2017 ACCIDENTAL DAMAGE TO 80 GNI PLC LATC MARINE LIMITED MV DIJAMA ON 10/04/2017 6,536,098.52 18/09/2017 MV TOBEST MARINE COLLISIONS WITH 81 GNI PLC ZUKUS INDUSTRIES LIMITED JACK UP BARGE MV ZUKUS ADVANTAGE 48,090,227.46 17/05/2017 FIRE INCIDENT ON BOARD 82 GNI PLC NKRAH MARINE MV NIGER DELTA KING (NDK) 48,880,000.00 30/10/2017 DAMAGE TO CRANKSHAFT 83 GUINEA INS PLC AWARTISE NIG LTD/CHEVRON NIG LTD/NNPC & AFFILIATES JOURNAL 3,747,212.84 11/10/2017 FOREIGN OBJECT DAMAGE 84 IEI PLC OKIN TRAVELS LIMITED/CUSTODIAN AND ALLIED INS. TO ENGINE OF AIRCRAFT 3,740,292.26 29/09/2017 FIRE OUTBREAK ON BOARD 85 IEI PLC DAMAS OIL & MARINE SERVICES LIMITED/ BARADA MARINE OF "MV DAMAS HORSE" 18,985,693.75 29/09/2017

156 Nigeria Insurance Digest 2017

Marine And Aviation Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

ACCIDENTAL DAMAGE 86 IEI PLC LATC MARINE LIMITED TO MV DIJAMA 4,654,121.12 29/09/2017 ARMED ROBBERY ATTACH 87 IEI PLC E.A ETEMILE AND SON DEV. CO.NIG.LTD ON VESSEL MV AJEMISAN. 4,560,286.50 28/12/2017 ALLEGATION FOR BREACH 88 KBL INS LTD NIGERIA AVIATION HANDLING CO DAMAGE TO BI-POLAR GATE 4,924,800.00 26/10/2017 89 KBL INS LTD E.A. TEMILE & SONS DEVELOPMENT TRANSITOR 5,678,686.14 12/10/2017 DAMAGE TO AIRCRAFT 90 KBL INS LTD SKYWAY AVIATION HANDLING CO. LTD COLLISION 4,319,694.90 24/10/2017 BEING COLLISION WITH 3RD 91 LASACO ASS PLC COL NIGERIA LIMITED PARTY VESSEL-MT DANNY ROSE 5,600,536.30 27/02/2017 FIDELITY BANK PLC/HOMELAND INTEGRATED OFFSHORE 92 LAW UNION &ROCK INS PLC SERVICES LTD ACCIDENTAL DAMAGE 3,429,388.90 30/10/2017 93 LAW UNION &ROCK INS PLC JOZA GLOBAL LOGISTICS LTD. ACCIDENTAL DAMAGE 4,250,000.00 28/12/2017 94 LAW UNION &ROCK INS PLC UNAOIL LIMITED ACCIDENTAL DAMAGE 4,435,800.40 12/10/2017 95 LAW UNION &ROCK INS PLC JOZA GLOBAL LOGISTICS LTD. ACCIDENTAL DAMAGE 5,122,800.00 30/05/2017 96 LAW UNION &ROCK INS PLC LATC MARINE LIMITED/FIDELITY BANK PLC ACCIDENTAL DAMAGE 6,537,165.38 19/09/2017 97 LAW UNION &ROCK INS PLC HEAVY MACHINERY NIG. LTD. ACCIDENTAL DAMAGE 10,476,521.60 24/02/2017 AIR PEACE LIMITED AND THEIR ASSOCIATED/SUBSIDIARY 98 LAW UNION &ROCK INS PLC COMPANIES FOR THEIR RESPECTIVE RIGHT A& INTEREST ACCIDENTAL DAMAGE 5,944,855.32 12/07/2017

99 LEADWAY ASS CO LTD St Nicholas Hospital PROFESSIONAL INDEMNITY 3,600,000.00 24/05/2017 DEATH TO THE INSURED'S THIRD PARTY MR. MABAYOMIJE LUKMON 100 LEADWAY ASS CO LTD Stephanel Holdings Nigeria Limited ABIODUN 4,000,000.00 16/01/2017 ALLEGATION FOR BREACH OF CORPORATE GOVERNANCE 0N 101 LEADWAY ASS CO LTD NIGERIAN AVIATION HANDLINGG CO.PLC 30/08/16 9,849,600.00 22/08/2017 DAMAGE TO 120.5MT COATED 102 LEADWAY ASS CO LTD Haansbro Nigeria Limited PAPER BOARD ON CERT NO 80862 3,604,347.36 05/04/2017 DAMAGES TO CHILLER 2 AT 103 LEADWAY ASS CO LTD CARPE DIEM FARMS LIMITED CBH FARM 4,164,203.92 02/03/2017 LOSS OF CARGO WHILST ON 104 LEADWAY ASS CO LTD Gongoni Company Limited TRANSIT TO WAREHOUSE 11,862,139.31 10/07/2017 DAMAGE TO 2 NOS. 105 LEADWAY ASS CO LTD NAMPAK BEVCAN NIGERIA LIMITED ALUMINIUM COILS 16,191,764.64 21/03/2017 WATER DAMAGE TO GOODS AT 106 LEADWAY ASS CO LTD Fareast Mercantile Company Limited LIBERTY WAREHOUSE MATORI 31,367,676.75 23/01/2017 DAMAGE TO THE INSURED'S 107 LEADWAY ASS CO LTD ATLANTIC BLUE WATER SERVICES LIMITED INTERMIDIATE & TAIL SHAFT 4,625,212.02 20/10/2017 DESTRUCTIVE LIGHTNING 108 LEADWAY ASS CO LTD HOMELAND INTEGRATED OFFSHORE SERVICES LIMITED STRIKE ON MV GUARDIAN 1 10,288,166.49 23/10/2017 DAMAGED CRANKSHAFT 109 LEADWAY ASS CO LTD AWARITSE NIGERIA LIMITED & AFFILIATES. JOURNALS 10,304,159.55 02/08/2017 PIRACY ATTACK ON VESSEL 110 LEADWAY ASS CO LTD ATLANTIC BLUE WATER SERVICES LIMITED OF 23/4/2016 11,079,018.75 16/02/2017 DEFENDER VII WITH THIRD PARTY VESSEL -MV 33,066,843.90 08/05/2017 111 LEADWAY ASS CO LTD STRICKLAND SERVICES LIMITED ZIKRON DTD 27-11-2016 WET 292 BAGS OF BLEND MILK SOLID VEG FAT OUT OF 3,120 112 MBA PLC FRIESLANDCAMPINA WAMCO NIGERIA PLC UNDER MARINE CERT. NO.: 0171 4,748,961.60 15/05/2017 WET 281 BAGS OF BLEND MILK 113 MBA PLC FRIESLANDCAMPINA WAMCO NIGERIA PLC SOLID VEG FAT OUT OF 7,280 5,000,000.00 20/06/2017 UNDER MARINE CERT. NO.: 0173 DAMAGE TO JACK- UP BARGE 114 MBA PLC ZUKUS INDUSTRIES LIMITED MV "ZUKUS ADVANTAGE” 4,875,433.15 03/07/2017 ATTACK ON MARINE POLICE PATROL BOAT PAD 40 AT PORT 115 MBA PLC THE NIGERIA POLICE FORCE HARCOURT, RIVERS STATE. 5,425,000.00 03/07/2017 Nigeria Insurance Digest 2017 157

Marine And Aviation Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

CASE OF BURGLARY ON THE HOUSEBOAT - NEW DAWN II, AS A RESULT OF ARMED ROBBERY 116 MBA PLC HETAS ASSOCIATED SERVICES LIMITED ATTACK 5,567,200.00 30/11/2017 DAMAGE BI-POLAR GATE 117 MBA PLC E. A. TEMILE AND SONS DEVELOPMENT CO. OF NIGERIA TRANSISTOR- PSV ANAIAN 5,753,718.00 26/09/2017 ACCIDENTAL DAMAGE 118 MBA PLC LATC MARINE LIMITED INVOLVING MV DIJAMA 6,584,190.55 26/09/2017 LIGHTNING DAMAGE TO 119 MBA PLC HOMELAND INTEGRATED OFFSHORE SERVICES LIMITED NAVIGATIONAL EQUIPMENT 6,999,721.42 16/11/2017 DAMAGE TO CRANKSHAFT 120 MBA PLC AWARITSE NIGERIA LIMITED JOURNALS 7,018,620.10 09/08/2017 ACCIDENT INVOLVING MARINE 121 MBA PLC THE NIGERIA POLICE FORCE PATROL BOAT PAD 60 8,190,000.00 01/03/2017 MV. ACCIDENTAL DAMAGE WHILE 122 MBA PLC RELIANCE PETROLEUM LIMITED MANOEUVRING 29,663,607.65 17/11/2017 DANA AIR CRASH ON THE 123 NEM INSURANCE PLC DANA AIRLINES LIMITED 3/06/2012 14,800,864.00 JANUARY, 2017 damage to husked brown rice 124 NEM INSURANCE PLC EBONY AGRO INDUSTRIES LTD under cert 0000107 3,560,161.78 JANUARY, 2017 DAMAGE TO ENGINE ON MARION 125 NEM INSURANCE PLC KARFLEX FISHERIES LIMITED 1 ON 08/03/2017 3,978,332.00 MAY, 2017 ACCIDENT INVOLVING MARINE 126 NEM INSURANCE PLC THE NIGERIA POLICE FORCE BOAT PAD 60 ON 3/09/2016 4,410,000.00 FEBRUARY, 2017 collision incident involving 127 NEM INSURANCE PLC BOURBON INTEROIL NIGERIA LIMITED tebah on 20/08/2016 4,556,659.00 NOVEMBER, 2017 ARMED ROBBERY ATTACK ON-BOARD MV AJEMISAN ON 128 NEM INSURANCE PLC E.A TEMILE & SONS DEV. CO. OF NIG LTD 16TH JANUARY 20 6,840,429.75 FEBRUARY, 2017 lightning damage to navigational 129 NEM INSURANCE PLC HOMELAND INTEGRATED OFFSHORE SERVICES LIMITED equipment monitoring electo 6,858,777.66 NOVEMBER, 2017 CLAIM NOTIFICATION UNDER 130 NEM INSURANCE PLC ZUKUS INDUSTRIES LIMITED POLICY 8,816,541.69 MAY, 2017 ACCIDENT DAM AGE TO YADE 131 NEM INSURANCE PLC YADE BARGE OPERATION LIMITED BARGE IX ON 05/02/2017 9,378,000.00 JULY, 2017 Damage to cranksha journals 132 NEM INSURANCE PLC Awaritse Nigeria limited as a result of broken con rods 10,304,159.55 AUGUST, 2017 NEM INSURANCE PLC ATLANTIC BLUEWATER SERVICE LTD DAMAGE TO MT"RADHE DUE TO 133 NSIA INS CO LTD DOZZY OIL AND GAS LIMITED PIRATE ATTACK 11,079,018.75 FEBRUARY, 2017 134 NSIA INS CO LTD AWARITSE NIGERIA LIMITED DAMAGE 19,658,846.70 27/12/2017 135 NSIA INS CO LTD OMO-ORIA OIL SERVICES LIMITED DAMAGE 6,869,439.70 02/08/2017 136 DAMAGE 6,725,069.00 24/10/2017 137 OLD MUTUAL GEN SKYWAY AVIATION HANDLING COMPAN COLLISION INCIDENT 4,319,694.90 15/09/2017 OLD MUTUAL GEN E . A TEMILE & SONS DEV. CO. LT DAMAGED BI-POLAR GATE 138 TRANSISTOR ON 21/2/17 5,678,686.15 26/09/2017 139 OLD MUTUAL GEN STRICKLAND SERVICES LIMITED ACCIDENTAL COLLISSION 19,840,106.34 09/05/2017 OLD MUTUAL GEN AWARITSE NIGERIA LIMITED DAMAGED CRANKSHAFT 140 OLD MUTUAL GEN NIGERIA LIQUEFIED NATURAL GAS JOURNALS 20,608,319.00 02/08/2017 141 DAMAGE TO CONSIGNMENT 11,468,930.91 27/10/2017 142 OLD MUTUAL GEN ZUKUS INDUSTRIES LIMITED4120 BARGE SEKINA 111 COLLISION 3,653,974.12 17/08/2017 OLD MUTUAL GEN AIR PEACE LIMITED FIRE OUTBREAK AT 143 MAINTENANACE STORE TERMINAL 9,102,468.36 07/07/2017 144 DAMAGE TO INSURED GOODS 35,434,324.17 11/12/2017 PRESTIGE ASS PLC MINL LIMITED RAIN WATER RESULTING IN FLOOD DAMAGE TO STOCK AT 145 PRESTIGE ASS PLC FAREAST MERCANTILE CO LTD LIBERTY WAREHOUSE, MATORI 23,525,757.56 06/04/2017 PIRACY ATTACK ON VESSEL 146 PRESTIGE ASS PLC ATLANTIC BLUEWATER SERVICES RADHE 16,930,800.00 22/02/2017 DAMAGE TO TWO CONTAINERS AT 147 PRESTIGE ASS PLC INDORAMA PET (NIGERIA) LIMITED PORT-HARCOURT PORT 13,198,210.22 17/10/2017 158 Nigeria Insurance Digest 2017

Marine And Aviation Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

DAMAGE TO INTERMEDIATE 148 PRESTIGE ASS PLC ATLANTIC BLUEWATER SERVICES & TAIL SHAFT - RADHE 12,333,898.72 23/10/2017 149 PRESTIGE ASS PLC RELCHEM LIMITED MISSING CONTAINER 8,983,857.96 24/05/2017 DAMAGE TO GOODS IN 150 PRESTIGE ASS PLC PURECHEM MANUFACTURING CONTAINERS PAC NO. 001037 7,738,790.40 22/05/2017 SQUEEZED/DAMAGE TO CONTAINER NO. MEDU 151 PRESTIGE ASS PLC INDORAMA PET (NIGERIA) LIMITED 3805911 AT PORTHARCOURT PORT. 6,582,773.12 17/10/2017 152 PRESTIGE ASS PLC MINL LIMITED DAMAGE TO INSURED GOODS 5,315,150.15 11/12/2017 MACHINERY BREAKDOWN AT THE 153 PRESTIGE ASS PLC POLY PRODUCTS NIGERIA LIMITED INSUREDS PREMISES IN OTTA 3,604,073.34 08/05/2017 154 REGENCY ALLIANCE INS PLC LATC MARINE LTD DAMAGE TO MV DIJAMA 7,489,391.00 18/09/2017 155 REGENCY ALLIANCE INS PLC SKYWAY AVIATION HANDLING COMPANY LTD DAMAGE TO AIRCRAFT 4,940,827.50 18/09/2017 ALLEGATION FOR BREACH OF 156 REGENCY ALLIANCE INS PLC NIGERIAN AVIATION HANDLING CO. PLC CORPORATE GOVERNANCE 4,924,800.00 31/10/2017 DESTRUCTIVE LIGHTNING 157 SA INS PLC HOMELAND INTEGRATED OFFSHORE SERVICES LTD DAMAGE TO MV GUARDIAN 1 6,992,303.37 03/11/2017 DAMAGE TO CONSIGNMENT UNDER MARINE CERTIFICATE NO 158 SA INS PLC NIGERIA LNG LIMITED .: E/MARP/2124 & E/MARP/2138 11,841,002.23 20/10/2017 159 SA INS PLC DANA AIRLINES LIMITED PLANE CRASH @ 305 30,859,290.00 26/04/2017 DAMAGE TO ROTOR OF AIRCRAFT WHILE LANDING IN A DUSTY 160 SUNU ASS NIG PLC DREDGING ATLANTIC LIMITED ENVIRONMENT 116,975,478.48 27/11/2017 DAMAGE TO ELECTRICAL COMPARTMENT OF OKOSISI 161 SUNU ASS NIG PLC NESTOIL PLC DRYDOCK VESSEL 27,318,437.59 05/12/2017 162 SUNU ASS NIG PLC BABSRAJ GLOBAL LINKS LIMITED SINKING OF DREDGER 20,402,500.00 24/04/2017 DAMAGE TO PORT INNER 163 SUNU ASS NIG PLC MUHAABIX GLOBAL SERVICES LTD. ENGINE OF MUHA 15 9,880,474.69 09/02/2017 DAMAGE TO SAJE 460-OIL TANKER BARGE AS A RESULT OF 164 SUNU ASS NIG PLC SAJE SHIPPING NIGERIA LIMITED HEAVY RAINSTORM 8,352,775.18 09/11/2017 DAMAGE TO VESSEL MV 165 SUNU ASS NIG PLC E.A. TEMILE & SONS DEV. CO. OF NIG. LTD AJEMISAN 5,763,442.71 26/09/2017 COLLISSION INCIDENT 166 SUNU ASS NIG PLC BOURBON INTEROIL NIGERIA LIMITED INVOLVING TEBAH 4,641,637.45 06/10/2017 DAMAGE TO VESSEL MV 167 SUNU ASS NIG PLC E.A. TEMILE & SONS DEV. CO. OF NIG. LTD AJEMISAN 3,518,794.74 26/01/2017 COLLISION INCIDENT SAHCOL GROUND HANDLING EQUIPMENT 168 SUNU ASS NIG PLC SKYWAY AVIATION HANDLING COMPANY LIMITED AND AIR PEACE AIRCRAFT 6,418,174.48 18/09/2017 ACCIDENT INVOLVING 1 X 40FT AT ITB AZURI FREE ZONE, EKO 169 SAHAM UNITRUST I.T.B NIGERIA FZE ATLANTIC 9,183,290.02 24/02/2017 DESTRUCTIVE LIGHTENING 170 VERITAS KAPITAL ASS PLC HOMELAND INTEGRATED PFFSHORE SERVICES LTD DAMAGE TO MV GUARDIAN 1 6,858,778.00 09/11/2017 DAMAGE TO PORTSIDE MAIN ENGINE UPON MECHANICAL 171 VERITAS KAPITAL ASS PLC MUHABIX GLOBAL SERVICES LTD BREAKDOWN 4,226,981.50 13/01/2017 172 WAPIC INS PLC ZUKUS INDUSTRIES LIMITED Collision 4,871,965.50 16/06/2017 173 WAPIC INS PLC GOBEL MARINE SERVICES LIMITED Accidental Damage 6,383,146.75 27/01/2017 174 WAPIC INS PLC GOBEL MARINE SERVICES LIMITED Accidental Damage 9,128,348.05 02/02/2017 175 WAPIC INS PLC NESTOIL LTD Hull Dmg,Loss 9,571,315.92 12/06/2017 176 WAPIC INS PLC DANGOTE INDUSTRIES LTD & SUBSIDIARIES DAMAGE TO DUMPER 3,599,180.17 29/12/2017 177 WAPIC INS PLC ETERNA PLC Marine 13,956,879.93 14/11/2017 178 WAPIC INS PLC ARISTOCRAT INDUSTRIES LIMITED DAMAGE TO UPS 4,078,151.20 22/12/2017 Nigeria Insurance Digest 2017 159

Oil And Gas Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

1 AXA MANSARD INS PLC ELF PETROLEUM & TOTAL UPSTREAM NIG LTD PROPERTY DAMAGE 201,447,734.54 15/09/2017 2 AXA MANSARD INS PLC DEPTHWIZE NIGERIA LTD/MEGADRILL SERVICES LTD PROPERTY DAMAGE 104,939,400.00 11/07/2017 3 AXA MANSARD INS PLC LEKOIL NIGERIA LIMITED PROPERTY DAMAGE 38,872,169.74 06/11/2017 4 AXA MANSARD INS PLC NIGERIAN NATIONAL PETROLEUM CORPORATION PROPERTY DAMAGE 32,597,937.90 05/06/2017 5 AXA MANSARD INS PLC DEPTHWIZE NIGERIA LTD/MEGADRILL SERVICES LTD PROPERTY DAMAGE 9,613,634.10 01/11/2017 6 AXA MANSARD INS PLC ELEME PETROCHEMICAL CO. (NIG). LTD / OR ASS. COYS CONSEQUENTIAL LOSS 9,135,000.00 13/01/2017 7 AXA MANSARD INS PLC NIGER DELTA PET. RESOURCES FIRE 6,197,064.16 22/09/2017 8 AXA MANSARD INS PLC ELF PETROLEUM & TOTAL UPSTREAM NIG LTD PROPERTY DAMAGE 4,196,787.80 09/01/2017 9 AXA MANSARD INS PLC DEPTHWIZE NIGERIA LTD/MEGADRILL SERVICES LTD PROPERTY DAMAGE 3,538,000.00 10/01/2017 10 CONSOLIDATED HALLMARK INS PLC LEKOIL NIGERIA LIMITED DAMAGE 5,182,955.97 22/11/2017 11 CONSOLIDATED HALLMARK INS PLC DEPTHWISE NIGERIA LIMITED DAMAGE TO NNPC 14,487,803.15 01/11/2017 12 CONSOLIDATED HALLMARK INS PLC NIG. NATIONAL PETROLEUM CORP. DAMAGE TO MOBIL 40,440,015.49 16/05/2017 13 CONSOLIDATED HALLMARK INS PLC DEPTHWISE NIGERIA LIMITED DAMAGE TO NNPC/ 58,465,600.00 10/07/2017 NIGER DELTA PETROLEUM RESOURCES (OGBELLE OIL 14 CONSOLIDATED HALLMARK INS PLC FIELD PROJECT) FIRE INCIDENT 13,133,054.89 28/09/2017 1ST QUARTER 2017 ENERGY 15 CONTINENTAL REINS PLC Various TREATY RETURNS 8,152,551.11 12/05/2017 3RD QUARTER 2017 ENERGY 16 CONTINENTAL REINS PLC Various TREATY RETURNS 100,872,394.06 31/10/2017 DAMAGE TO PRODUCTION 17 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) PIPEWORK FF PRESSURE SURGE 62,288,655.81 21/03/2017 DAMAGE TO MARINE BREAKWAY 18 CONTINENTAL REINS PLC LEK OIL LIMITED COUPLING 9,874,749.57 21/11/2017 19 CORNERSTONE INS PLC DEPTHWISE NIGERIA LTD DAMAGE TO MOBIL PIPELINES 4,148,000.00 04/01/2017 20 CORNERSTONE INS PLC CHEVRON NIGERIA LIMITED EXPLOSION 110,496,205.20 17/02/2017 21 CORNERSTONE INS PLC DEPTHWISE NIGERIA LTD DAMAGE 4,148,000.00 14/06/2017 22 CORNERSTONE INS PLC NIGERIAN NATIONAL PETROLEUM CORPORATION/MPN DAMAGE 24,416,433.40 22/06/2017 23 CORNERSTONE INS PLC DEPTHWISE NIGERIA LTD DAMAGE TO MOBIL PIPELINES 103,700,000.00 10/07/2017 24 CORNERSTONE INS PLC BRITTANIA-U NIGERIA LIMITED DAMAGE TO WELL 4,392,000.00 12/09/2017 25 CORNERSTONE INS PLC DEPTHWISE NIGERIA LTD DAMAGE TO MOBIL PIPELINES 9,527,209.36 07/11/2017 DAMAGE TO MARINE BREAKWAY 26 CORNERSTONE INS PLC LEKOIL LIMITED COUPLING(MBC) 5,182,955.97 08/11/2017 Damage to NNPC/MPN JV Oil Pipeline(s) by Insured's 27 CUST. & ALLIED INS LTD MEGA DRILL SERVICES LIMITED AND DEPTHWIZ Monarch Rig 4,270,000.00 27/01/2017 EXPLOSION OF THE KS ENDEA- VOUR JACK-UP DRILLING RIG IN 28 CUST. & ALLIED INS LTD CHEVRON NIGERIA LIMITED FUNIWA FIELD 221,173,551.72 13/02/2017 29 CUST. & ALLIED INS LTD MEGA DRILL SERVICES LIMITED AND DEPTHWIZ Damage to NNPC 7,442,000.00 14/06/2017 Damage to NNPC/MPN JV 30 CUST. & ALLIED INS LTD MEGA DRILL SERVICES LIMITED AND DEPTHWIZ Oil Pipeline(s) 186,050,000.00 11/07/2017 Damage to NNPC/MPN JV 31 CUST. & ALLIED INS LTD MEGA DRILL SERVICES LIMITED AND DEPTHWIZ Oil Pipeline(s) 5,052,730.65 07/08/2017 LEGAL SUIT AGAINST AMNI AND OTHERS BY BRITTANIA 32 CUST. & ALLIED INS LTD AMNI INTERNATIONAL PETROLEUM DEVELOPMENT U NIGERIA LIMITED. 7,176,585.95 16/08/2017 FLOOD DAMAGE AT OKWIBOME 33 CUST. & ALLIED INS LTD STERLING OIL EXP. AND ENERGY PRODUCTION FLOW STATION 5,642,612.85 25/10/2017 FLOOD DAMAGE AT OKWIBOME 34 CUST. & ALLIED INS LTD STERLING OIL EXP. AND ENERGY PRODUCTION FLOW STATION 5,642,612.85 25/10/2017 Damage to NNPC/MPN JV 35 CUST. & ALLIED INS LTD MEGA DRILL SERVICES LIMITED AND DEPTHWIZ Oil Pipeline(s) 17,092,935.05 01/11/2017 DAMAGE TO MARINE BREAKAWAY 36 CUST. & ALLIED INS LTD LEKOIL OIL & GAS INVESTMWENTS LTD COUPLING(MBC) N/A 12,957,389.91 15/11/2017 DAMAGE TO MOBIL PIPELINES AS 37 CUST. & ALLIED INS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION A RESULT OF DRILLING EXERCISE 227,886,697.50 22/11/2017 38 ENSURE NIGERIAN NATIONAL PETROLEUM CORPORATION THIRD PARTY DRILLING RIG 30,287,050.51 23/11/2017 DAMAGE TO MOBILPIPELINES AS A RESULT OF DRILLING EXERCISE 39 GNI PLC NNPC/MOBIL BY THIRD PARTY 8,136,143.69 31/05/2017 160 Nigeria Insurance Digest 2017

Oil And Gas Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

DAMAGE TO PIPELINES AS A RESULT OF DRILLING EXERCISE 40 GUINEA INS PLC NIGERIAN NATIONAL PETROLEUM CORPORATION BY THIRD PARTY 33,595,942.88 14/06/2017 3RD PARTY DRILLING RIG 41 LASACO ASS PLC NIGERIAN NATIONAL PETROLEUM CORPORATION/MPN INCIDENT 64,897,008.00 30/06/2017 DAMAGE TO NNPC/MPN 42 LASACO ASS PLC DEPTHWIZE NIGERIA LIMITED/MEGADRILL SERVICES LTD JV OIL PIPELINE 82,080,000.00 17/07/2017 DAMAMGE TO BREAKAWAY 43 LASACO ASS PLC LEKOIL & GAS INVESTMENT LIMITED COUPLING 5,182,955.97 23/11/2017 DAMAGE TO NNPC/MPN JV OIL PIPELINE BY INSURED'S 44 LASACO ASS PLC DEPTHWIZE NIGERIA LIMITED/MEGADRILL SERVICES LTD MONARCH RIG 7,540,920.64 30/11/2017 NIGER DELTA PETROLEUM RESOURCES (OGBELLE OIL 45 LAW UNION & ROCK INS PLC FIELD PROJECT) FIRE OR LIGHTNING 3,282,726.28 25/09/2017 46 LAW UNION & ROCK INS PLC BRITTANIA-U LTD FIRE OR LIGHTNING 4,656,597.40 14/08/2017 47 LAW UNION & ROCK INS PLC DEPTHWIZE NIGERIA LIMITED FIRE OR LIGHTNING 4,906,122.36 01/11/2017 48 LAW UNION & ROCK INS PLC LEKOIL OIL & GAS INVESTMENTS LTD FIRE OR LIGHTNING 15,548,866.84 22/11/2017 49 LAW UNION & ROCK INS PLC MOBIL PRODUCING NIG. UNLIMITED FIRE OR LIGHTNING 32,576,590.20 12/06/2017 50 LAW UNION & ROCK INS PLC DEPTHWIZE NIGERIA LIMITED FIRE OR LIGHTNING 53,471,250.00 13/07/2017 DEPTHWIZE NIGERIA DAMAGE TO NNPC/MPN JV OIL 51 MBA PLC LIMITED/MEGADRILL SERVICES LTD PIPELINES(S) 4,152,190.41 08/11/2017 DAMAGE TO MARINE BREAKWAY 52 MBA PLC LEKOIL OIL & GAS INVESTMENT LTD AND OTHERS COUPLING 25,914,779.83 17/11/2017 DEPTHWIZE NIGERIA DAMAGE TO NNPC/MPN JV OIL 53 MBA PLC LIMITED/MEGADRILL SERVICES LTD PIPELINES(S 46,422,401.88 12/07/2017 Damage to Mobil pipelines as a result of drilling exercise by 54 MBA PLC NIGERIAN NATIONAL PETROLEUM CORPORATION. third party 146,818,806.75 13/06/2017 DAMAGE TO MARINE BREAKWAY 55 NEM INSURANCE PLC LETOIL AND GAS INVESTMENTS LTD COUPLING 5,182,955.97 NOVEMBER, 2017 MPN / NNPC Oil Pipeline leak 56 NEM INSURANCE PLC NNPC incident 7,022,527.15 NOVEMBER, 2017 FIRE INCIDENT AT THE INSURED'S 57 NEM INSURANCE PLC NIGER DELTA PETROLEUM RESOURCES LTD FACILITY 13,292,996.03 SEPTEMBER, 2017 NIGERIAN NATIONAL PETROLEUM Damage to Mobil pipelines as a 58 NEM INSURANCE PLC CORPORATION / MPN result of drilling exercise 32,645,970.22 AUGUST, 2017 MPN / NNPC Oil Pipeline 59 NEM INSURANCE PLC DEPTHWIZE NIGERIA LIMITED leak incident 76,487,500.00 JULY, 2017 DAMAGE TO NNPC/MPN OIL NIGER INS PLC PIPELINES BY INSURED'S 60 DEPTHWIZE NIGERIA LTD/AFFILIATED COYS MONARCH RIG. 33,747,461.42 21/12/2017 DEPTHWIZE NIGERIA LTD, MEGADRILL 61 NSIA INS CO LTD SERVICES LTD & SUBSIDIARY SPILLAGE 115,803,750.00 07/07/2017 NNPC, SUBSIDIARIES AND ASSOCIATED COMPANIES, 62 NSIA INS CO LTD AGENCIES AND INSTITUTIONS DAMAGE 32,961,916.19 11/05/2017 63 NSIA INS CO LTD LEKOIL NIGERIA LIMITED DAMAGE 5,182,955.97 20/11/2017 DAMAGE TO NNPC/MPN JV 64 OLD MUTUAL GEN DEPTHWIZE NIGERIA LTD/MEGADRILL OIL PIPELINES 5,478,465.10 01/11/2017 DAMAGE TO MARINE BREAKWAY 65 OLD MUTUAL GEN LEKOIL LIMITED23328 COUPLING ON 30/3/17 7,774,433.95 09/11/2017 DAMAGE TO MOBIL PIPELIBNES AS A RESULT OF DRILLING 66 OLD MUTUAL GEN NIGERIAN NATIONAL PETROLEUM COR EXERCISE 32,640,633.30 19/07/2017 DAMAGE TO NNPC/MPN JV OIL 67 OLD MUTUAL GEN DEPTHWIZE NIGERIA LTD/MEGADRILL PIPELINES 59,670,000.00 07/07/2017 DAMAGE TO NNPC/MPN JV OIL 68 PRESTIGE ASS PLC DEPTHWIZE NIGERIA LTD PIPELINES 39,715,000.00 10/07/2017 DAMAGE TO NNPC/MPN JV OIL 69 PRESTIGE ASS PLC DEPTHWIZE NIGERIA LTD PIPELINES 18,330,000.00 10/07/2017 70 PRESTIGE ASS PLC NNPC DAMAGE TO MOBIL PIPELINES 8,979,024.04 24/05/2017

162 Nigeria Insurance Digest 2017

Oil And Gas Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

71 PRESTIGE ASS PLC TOTAL E & P NIGERIA LIMITED FLOODING INCIDENT 7,301,910.00 26/10/2017 FIRE INCIDENT AT THE 72 PRESTIGE ASS PLC NIGER DELTA PETROLEUM RESOURCES LTD INSURED'S FACILITY 5,256,832.38 10/10/2017 73 REGENCY ALLIANCE INS PLC NIGERIAN NATIONAL PETRO.CORP-CIP DAMAGE TO MOBIL PIPELINES 112,075,425.00 22/05/2017 DAMAGE TO NNPC/MPN JV OIL PIPELINE BY INSURED;S 74 REGENCY ALLIANCE INS PLC DEPTWIZE NIGERIA LIMITED MONARCH RIG 77,267,241.50 04/01/2017 FLOOD AT OML 58 OBAJI BASE FLOW STATION, 75 REGENCY ALLIANCE INS PLC TOTAL E & P NIGERIA LIMITED [OML 58 PROJECT CAR] RIVERS STATE. 8,613,000.00 27/02/2017 DAMAGE TO MARINE 76 REGENCY ALLIANCE INS PLC LEKOIL OIL & GAS INVESTMENTS LTD BREAWAY COUPLING [MBC] 5,182,955.97 21/11/2017 LOSS OF CONTROL OF THE 77 SA INS PLC CHEVRON NIGERIA LIMITED FUNIWA DEEP 61,000,000.00 01/03/2017 LOSS OF CONTROL OF THE 78 SA INS PLC CHEVRON NIGERIA LIMITED FUNIWA DEEP \ 49,496,205.20 12/04/2017 DAMAGE TO MARINE 79 SA INS PLC LEKOIL OIL & GAS INVESTMENTS LIMITED BREAKDOWN 5,000,000.00 22/11/2017 80 SA INS PLC NIG. NATIONAL PET. CORPORATION DAMAGE TO MOBIL PIPELINE 32,822,088.75 14/06/2017 DAMAGE TO MOBIL PIPELINE AS A RESULT OF DRILLING 81 SUNU ASS NIG PLC NIGERIAN NAT. PETROLEUM CORP. EXERCISE 16,417,865.04 22/05/2017 82 SUNU ASS NIG PLC NIGER DELTA PETROLEUM RESOURCES LTD. FIRE AT THE INSURED FACILITY 6,815,143.60 10/10/2017 DAMAGE TO MARINE BREAKWAY 83 SUNU ASS NIG PLC LEKOIL OIL & GAS INVESTMENT LTD COUPLING (MBC) 5,573,351.38 14/12/2017 84 SAHAM UNITRUST MEGADRILL SERVICES LTD & OTHERS. DAMAGE TO NNPC 3,599,000.00 11/07/2017 85 SAHAM UNITRUST MEGADRILL SERVICES LTD & OTHERS. DAMAGE TO NNPC 3,602,050.00 04/01/2017 86 SAHAM UNITRUST MEGADRILL SERVICES LTD & OTHERS. DAMAGE TO NNPC 8,266,256.40 01/11/2017 DAMAGE TO MOBIL PIPELINES AS 87 SAHAM UNITRUST NIGERIA NATIONAL PETROLEUM CORP A RESULT OF DRILLING EXERCISE 16,277,621.25 18/05/2017 88 SAHAM UNITRUST MEGADRILL SERVICES LTD & OTHERS. DAMAGE TO NNPC 89,975,000.00 11/07/2017 89 VERITAS KAPITAL ASS PLC DEPTHWIZE NIG LTD DAMAGE TO NNPC 117,579,000.00 18/07/2017 DAMAGE TO MOBILE AS A RESULT OF DRILLING EXERCISE 90 VERITAS KAPITAL ASS PLC NNPC BY THIRD PARTY 65,649,962.84 07/07/2017 DAMAGE TO MARINE 91 VERITAS KAPITAL ASS PLC LEKOIL OIL AND GAS BREAKAWAY COUPLING(MBC) 23,503,584.00 07/09/2017 92 VERITAS KAPITAL ASS PLC DEPTHWIZE NIG LTD DAMAGE TO NNPC 10,802,312.56 07/11/2017 DAMAGE TO MOBILE AS A 93 VERITAS KAPITAL ASS PLC NNPC RESULT OF DRILLING EXERCISE 7,382,503.83 02/08/2017 94 WAPIC INS PLC DEPTHWIZE NIGERIA LTD Oil & Gas 16,854,065.16 14/11/2017 95 WAPIC INS PLC LEKOIL OIL & GAS INVESTMENT LTD Oil & Gas 7,774,433.95 14/11/2017 Depthwize Nigeria Ltd, MegaDrill Services Ltd and/or 96 WAPIC INS PLC Subsidiary Accidental Damage 5,227,804.67 14/08/2017 97 WAPIC INS PLC NIGERIAN NATIONAL PETROLEUM CORPORATION Accidental Damage 65,217,223.50 08/06/2017 Depthwize Nigeria Ltd, MegaDrill Services Ltd and/or 98 WAPIC INS PLC Subsidiary Accidental Damage 202,744,500.00 07/07/2017 Nigeria Insurance Digest 2017 163

Miscellaneous Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

INSURED'DEFAULT ON 1 CONSOLIDATED HALLMARK INS PLC PEOCHTECH NETWORKS ADVANCED PAYMENT BOND 4,500,000.00 30/06/2017 2 CONSOLIDATED HALLMARK INS PLC R. T. BRISCOE NIGERIA PLC FRAUD INCIDENT 4,275,000.00 22/05/2017 FRAUD OF 7,657,073.00 3 CONSOLIDATED HALLMARK INS PLC LINGTON & BERNIE CONSULTING LIMITED INVOLVING ADELUSI AJAYI 6,845,809.73 01/06/2017 FRAUD OF 13,391,987.13AT 4 CONSOLIDATED HALLMARK INS PLC LINGTON & BERNIE CONSULTING LIMITED UNION BANK 9,605,813.21 19/10/2017 5 CONSOLIDATED HALLMARK INS PLC HALOGEN SECURITY COMPANY LIMITED THEFT 9,916,447.89 10/11/2017 FRAUD INVL STAFF OF 6 CONTINENTAL REINS PLC UNITY BANK PLC UNITY BANK 14,000,000.00 21/02/2017 FRAUD INVL STAFF OF 7 CONTINENTAL REINS PLC UNITY BANK PLC UNITY BANK 7,000,000.00 21/02/2017 DEATH OF MR. AHMED 8 CONTINENTAL REINS PLC Options Consultancy Services BALARABE HAMZAH 14,000,000.00 10/03/2017 BURGLARY AT INSURED'S 9 CONTINENTAL REINS PLC Ecart Internet Services Nig Ltd ( JUMIA) PREMISES 5,169,059.99 12/04/2017 10 CONTINENTAL REINS PLC Bonimas Nigeria Ltd FIRE INCIDENCE 3,579,552.68 13/10/2017 FRAUDULENT TRANSFER OF 11 ENSURE INS PLC STERLING BANK PLC FUND 4,133,692.18 15/05/2017 FRAUD BY INSURED'S 12 GNI PLC R.T. BRISCOE EMPLOYEE DISCOVERED 4,275,000.00 02/02/2017 ARMED ROBBERY ATTACK AT 13 GNI PLC WEMA BANK PLC. OWO BRANCH 10,287,995.27 09/02/2017 TERMINATION OF CONTRACT FOR PROVISION OF TELECOMMUNICATIONS 14 IEI PLC SUBURBAN SYSTEMS LIMITED SERVICES 39,500,000.00 28/02/2017 15 IEI PLC VICKS COMMUNICATION LIMITED FAILURE TO PERFORM 10,263,500.00 21/03/2017 16 IEI PLC HAVAGE ENGINEERING SERVICES LTD DEFAULT IN CREDIT BOND 10,236,050.00 02/07/2017 DEMAND IN RESPECT OF 17 IEI PLC COOLSPRING INVESTMENT LIMITED COUNTER INDEMNITY BOND.00 10,236,050.00 27/12/2017 18 KBL INS LTD R.T BRISCOE NIGERIA PLC FRUAD INCIDENT 8,550,000.00 14/02/2017 19 KBL INS LTD UNITED BANK FOR AFRICA PLC ARMED ROBBERY ATTACK 3,693,600.00 13/11/2017 20 LAW UNION ROCK INS PLC NATIONAL HEALTH INSURANCE SCHEME (MDG) NON PERFORMANCE 3,598,985.25 19/09/2017 21 LAW UNION ROCK INS PLC NATIONAL HEALTH INSURANCE SCHEME (MDG) NON PERFORMANCE 3,598,985.25 30/05/2017 22 LAW UNION ROCK INS PLC NATIONAL HEALTH INSURANCE SCHEME (MDG) NON PERFORMANCE 3,598,985.25 12/12/2017 23 LAW UNION ROCK INS PLC NATIONAL HEALTH INSURANCE SCHEME (MDG) NON PERFORMANCE 4,546,086.60 28/02/2017 24 LAW UNION ROCK INS PLC MINEFIELD MINERAL RESOURCES LIMITED NON PERFORMANCE 12,050,050.00 03/04/2017 25 LAW UNION ROCK INS PLC TWL TRAVEL AGENCY LIMITED NON PERFORMANCE 50,000,000.00 21/02/2017 26 DEATH OF ABOUT 100,000 LEADWAY ASS CO LTD SHALDAG LIMITED FISHESFROM 5,840,798.20 17/07/2017 27 TERMINATION OF CONTRACT DUE LEADWAY ASS CO LTD Hephzibah Construction Company TO NON PERFORMANCE 5,885,205.71 15/02/2017 28 LEADWAY ASS CO LTD SILVER GATE TRAVEL AND TOURS LTD DEFAULT 10,322,922.92 11/10/2017 29 LEADWAY ASS CO LTD MARIS TRAVEL LTD DEFAULT 14,048,790.55 20/11/2017 30 LEADWAY ASS CO LTD E TRAVEL NIGERIA & AVIATION SUPPORT SERVICES LTD. DEFAULT 15,845,302.08 17/10/2017 31 LEADWAY ASS CO LTD TVC ATLANTIC VACATION GROUP LIMITED DEFAULT 125,887,922.27 26/09/2017 FRAUDULENT TRANSFER BY 32 LEADWAY ASS CO LTD Sterling Bank Nigeria Plc OLUSESAN OYEMADE 4,133,692.18 04/05/2017 33 LEADWAY ASS CO LTD Sterling Bank Nigeria Plc CASH SHORTAGE AT CBN BENIN 4,285,153.13 03/03/2017 CLAIM IN RESPECT OF 34 MBA PLC HANFIRQUL NIGERIA LTD CREDIT BOND 4,490,890.29 10/05/2017 CLAIM IN RESPECT OF 35 MBA PLC PALALA NIGERIA LIMITED/TIB PLC CREDIT BOND 4,714,791.67 10/05/2017 36 MBA PLC THE INFRASTRUCTURE BANK PLC/FELICITY INVESTMENT LTD CREDIT BOND 4,758,315.33 10/05/2017 37 MBA PLC THE INFRASTRUCTURE BANK PLC/MERIT COMPOSITE BASE CREDIT BOND 7,336,601.42 10/05/2017 38 NAIC OGBUEWU INT. FARMS LTD DROUGHT 6,865,253.15 26/01/2017 39 NAIC 66459 ANCHOR BORROWERS (BOA) 4,204,740.80 13/03/2017 40 NAIC OLAMS NIG. LTD RAINSTORM 12,257,200.00 18/08/2017 41 NAIC RUFAI POULTRY FARM 7,166,160.00 26/01/2017 164 Nigeria Insurance Digest 2017

Miscellaneous Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

42 NAIC ENI-AFE FARMS LTD DISEASE 5,436,037.60 16/08/2017 43 NAIC ANADARIYA INDUSTRIES LTD DISEASE 6,328,612.80 29/12/2017 FAILURE TO PERFORM UNDER 44 NEM INSURANCE PLC BUILDWAY CONSTRUCTION ADVANCE PERFORMANCE BOND 7,840,000.00 JANUARY, 2017 45 NSIA INS CO LTD DIAMOND BANK PLC FRAUD 39,711,656.01 20/06/2017 46 NSIA INS CO LTD DIAMOND BANK PLC FRAUD 27,773,976.10 20/06/2017 47 NSIA INS CO LTD STERLING BANK PLC FRAUD 3,542,393.25 02/03/2017 48 OLD MUTUAL GEN MEHDI GLOBAL SERVICES LTD AND/O BUGLARY INCIDENT 3,815,315.18 02/08/2017 49 OLD MUTUAL GEN UNITY BANK PLC FRAUD 4,730,370.16 03/04/2017 FRAUDULENT DIVERSION OF 50 OLD MUTUAL GEN ECOBANK NIGERIA LIMITED80 EXITED STAFF SEVERANCE 7,622,794.92 20/04/2017 51 WAPIC INS PLC SOUTH EAST INV. CO LTD Lack of Skill 14,115,329.11 10/05/2017 52 WAPIC INS PLC UNITED BANK FOR AFRICA PLC & SUBSIDIARIES Money 4,678,472.70 14/11/2017 Nigeria Insurance Digest 2017 165

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

1 ARM LIFE PLC NIGERIA LNG LIMITED (NLNG) / KAZEEM OLUSOLA AMOO DEATH 12,096,695.47 23/01/2017 2 ARM LIFE PLC FSDH MERCHANT BANK / AKPOBORIE BERNARD DEATH 10,152,450.00 06/11/2017 3 ARM LIFE PLC SOUTH ATLANTIC PETROLEUM LTD / YAKUBU KITHENER DEATH 8,334,747.27 12/07/2017 EARTH MOVING INTERNATIONAL NIGERIA LIMITED / 4 ARM LIFE PLC BENSON AZUNDAH DEATH 8,183,232.00 10/04/2017 CONTINENTAL REINSURANCE PLC / KALU OBINECHE 5 ARM LIFE PLC UWAKWE DEATH 6,539,635.50 27/02/2017 ORLEAN INVESTMENT WEST AFRICAN LIMITED / 6 ARM LIFE PLC HAMISU ADAMU DEATH 6,453,245.70 16/05/2017 7 ARM LIFE PLC MINISTRY OF HEALTH / NYITAMEN MIANGA DEATH 5,980,239.94 08/09/2017 8 ARM LIFE PLC MINISTRY OF HEALTH / INYAMBE JANET DEATH 5,729,286.82 20/09/2017 INDEPENDENT NATIONAL ELECTORAL COMMISSION / 9 ARM LIFE PLC EFFIONG CECILIA OKON DEATH 5,435,172.00 28/04/2017 INDEPENDENT NATIONAL ELECTORAL COMMISSION / 10 ARM LIFE PLC OBI IFEOMA MARY DEATH 5,435,170.00 14/03/2017 FOUR POINT BY SHERATON, LAGOS / ALBERT 11 ARM LIFE PLC EHILUONORIA EMIANTOR DEATH 4,764,766.89 12/10/2017 INTERNATIONAL ENERGY INSURANCE (IEI) / 12 ARM LIFE PLC AMAYO EKUKU GODWIN DEATH 4,707,545.70 30/03/2017 OFFSHORE PERSONNEL SERV. LTD (OES LOCALS) / 13 ARM LIFE PLC OMOREGBE SAMSON DEATH 4,652,775.00 31/10/2017 FOUR POINT BY SHERATON, LAGOS / YEMIE 14 ARM LIFE PLC OLUWASEUN ABUJANA DEATH 4,068,000.03 04/08/2017 15 ARM LIFE PLC MINISTRY OF HEALTH / VERONICA ENYANWU EGWU DEATH 4,026,696.00 28/04/2017 16 ARM LIFE PLC NIGERIAN SHIPPERS' COUNCIL / IBIANG JOHN OMENKA DEATH 3,662,583.84 13/06/2017 17 CAPITAL EXPRESS ASS LTD GLORY ASHIYA SIMON DEATH 29,380,264.80 31/07/2017 18 CAPITAL EXPRESS ASS LTD EDUKUGBO EDGAR DEATH 17,495,424.71 25/04/2017 19 CAPITAL EXPRESS ASS LTD VICTORIA O. FALUYI DEATH 16,136,313.00 11/08/2017 20 CAPITAL EXPRESS ASS LTD HAUWA,AUWAL,NUFAISAT JIBO DEATH 14,421,204.00 16/03/2017 21 CAPITAL EXPRESS ASS LTD SAWAIBA MUHAMMED DEATH 13,923,078.48 29/06/2017 22 CAPITAL EXPRESS ASS LTD EUPHENIA NWAOGU DEATH 12,569,040.00 31/07/2017 23 CAPITAL EXPRESS ASS LTD CUSTODIAN LIFE ASSURANCE DEATH 11,376,000.00 11/10/2017 24 CAPITAL EXPRESS ASS LTD BIOSE FRANK OGOR DEATH 6,730,570.22 18/12/2017 25 CAPITAL EXPRESS ASS LTD MARTINS ONYENAUCHEYA DEATH 6,592,500.00 31/05/2017 26 CAPITAL EXPRESS ASS LTD JOB GOMINA DEATH 6,489,003.60 29/11/2017 27 CAPITAL EXPRESS ASS LTD TAHIRIH SHABI KYAN DEATH 6,489,003.60 18/07/2017 28 CAPITAL EXPRESS ASS LTD UDOM PHILEMON C DEATH 5,921,280.58 04/10/2017 29 CAPITAL EXPRESS ASS LTD JOHN CHRISTIANA DEATH 5,917,538.52 20/07/2017 30 CAPITAL EXPRESS ASS LTD EUNICE DESTINY DEATH 5,909,883.84 17/07/2017 31 CAPITAL EXPRESS ASS LTD FAKAYODE ADEOLA DEATH 5,782,920.00 17/05/2017 32 CAPITAL EXPRESS ASS LTD ADEWUMMI ABIDEMI SAHEED DEATH 5,710,138.00 31/01/2017 33 CAPITAL EXPRESS ASS LTD HADIZA A. BELLO & TAUFIQ DEATH 5,655,781.99 10/08/2017 34 CAPITAL EXPRESS ASS LTD SAMUEL ADEBAYO BAMIDELE DEATH 5,612,940.00 06/06/2017 35 CAPITAL EXPRESS ASS LTD ASSOCIATION MARTIME SERVICES LTD DEATH 5,591,432.70 07/04/2017 36 CAPITAL EXPRESS ASS LTD EDUKIGHO T EDGAR DEATH 5,524,870.96 30/03/2017 37 CAPITAL EXPRESS ASS LTD ELFREDA BROWN DEATH 5,430,608.64 04/03/2017 38 CAPITAL EXPRESS ASS LTD EJEMUTABE ANTHONIA DEATH 5,327,762.11 20/09/2017 39 CAPITAL EXPRESS ASS LTD UDEME SUNDAY U DEATH 5,234,769.72 26/10/2017 40 CAPITAL EXPRESS ASS LTD INATIMI ANDREW DEATH 5,234,769.72 26/10/2017 41 CAPITAL EXPRESS ASS LTD UMAR ABDULLAHI DEATH 5,054,194.80 27/01/2017 42 CAPITAL EXPRESS ASS LTD EMANUEL JONAH DEATH 5,027,961.12 08/06/2017 43 CAPITAL EXPRESS ASS LTD HELEN U. IHAU-MADUENYI DEATH 4,944,639.31 20/10/2017 44 CAPITAL EXPRESS ASS LTD AJISAFE SUNDAY DEATH 4,500,000.00 14/09/2017 45 CAPITAL EXPRESS ASS LTD ROSELINE EFENEDO DEATH 4,481,208.37 29/06/2017 46 CAPITAL EXPRESS ASS LTD MUSA MOHAMMED A DEATH 4,317,390.72 14/07/2017 47 CAPITAL EXPRESS ASS LTD UMAR ADAMU DEATH 4,142,749.88 29/11/2017 48 CAPITAL EXPRESS ASS LTD NENGI IBIFURO JUMBO DEATH 4,083,883.82 06/06/2017 49 CAPITAL EXPRESS ASS LTD S. O AREMU DEATH 4,061,265.60 31/05/2017 50 CAPITAL EXPRESS ASS LTD SUWEUBA SIDIK DEATH 3,926,117.30 27/01/2017 51 CAPITAL EXPRESS ASS LTD ABDULKARIM MOHAMMED DEATH 3,780,000.00 14/07/2017

166 Nigeria Insurance Digest 2017

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

52 CAPITAL EXPRESS ASS LTD ABIOLA AKELE DEATH 3,694,587.60 11/10/2017 53 CAPITAL EXPRESS ASS LTD OGUNMAKIN A OLUFEMI DEATH 3,692,145.31 20/07/2017 54 CAPITAL EXPRESS ASS LTD GANIYU ASHIAT ABIOLA DEATH 3,533,505.55 18/05/2017 55 CAPITAL EXPRESS ASS LTD JOSEPHINE TAPGUN DEATH 3,532,765.95 20/09/2017 DEATH OF NWAKIRIKA JUDE; ALAGA ELIZABETH; OLADAPO 56 CONTINENTAL REINS PLC INDEPENDENT NATIONAL ELECTORAL COMMISSION TAOHEED & 6 OTHERS 5,451,919.43 10/01/2017 DEATH OF ABIONA FUNMILAYO 57 CONTINENTAL REINS PLC LAGOS STATE GOVERNMENT COMFORT & 34 OTHERS 6,719,807.90 11/01/2017 DEATH OF CHRISTOPHER ABUA - 58 CONTINENTAL REINS PLC Indigo Drilling Ltd. BRISCOW HELICOPTER CRASH 8,440,700.83 11/01/2017 59 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) DEATH OF OGUNBIYI & 6 OTHERS 3,666,770.95 20/01/2017 DEATH OF YOHANN SULE & 6 60 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) OTHERS. FAC FROM ENSURE 4,609,954.96 20/01/2017 DEATH OF NASIRU SAHEED & 61 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) 8 OTHERS 4,612,364.24 20/01/2017 DEATH OF ONGWATABO UMORU 62 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) & 7 OTHERS 4,486,929.55 20/01/2017 DEATH OF EBELE NGOZI & 63 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) 6 OTHERS 4,665,268.92 20/01/2017 64 CONTINENTAL REINS PLC ACNIELSON NIGERIA LTD DEATH OF TAJUDEEN SOTUNDE 18,721,150.80 23/01/2017 65 CONTINENTAL REINS PLC Fbn Life Assurance Co. DEATH OF IROH RAPHAEL 5,374,856.03 23/01/2017 66 CONTINENTAL REINS PLC NIGERIA LNG LIMITED DEATH OF SAMUEL O. MADU 3,952,596.46 23/01/2017 DEATH OF MUSA SIKIRULAHI 67 CONTINENTAL REINS PLC CADBURY NIGERIA PLC OBEMEH 3,511,340.25 23/01/2017 68 CONTINENTAL REINS PLC Dangote Industries (Expatriate) DEATH OF ADEL ALY AZIZ 12,097,506.00 02/02/2017 69 CONTINENTAL REINS PLC Deloitte & Touche DEATH OF DANIEL UNONGO 14,167,465.55 02/02/2017 70 CONTINENTAL REINS PLC Abi Associates Limited DEATH OF PETER OGUN 3,674,999.40 02/02/2017 DEATH OF JAVAN NATHANIEL; 71 CONTINENTAL REINS PLC NIGERIAN AGIP OIL COMPANY (NAOC) FOKO REMEMBER 38,395,200.00 03/02/2017 DEATH OF RHODA OKOROCHA; ZANA GADDAMA;KENIYINBOH BATUNMIGHA; RICHARD IBIENE; 72 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) OGUNKEYE ADEREMI 6,477,594.72 03/02/2017 DEATH OF ONI ADEYEMI 73 CONTINENTAL REINS PLC Lagos Preparatory School OLAKUNLE 4,266,048.00 06/02/2017 DEATH OF MOSES OGBONNA 74 CONTINENTAL REINS PLC CONTROL RISKS SERVICES (WEST AFRICA) LTD KAMA 4,720,000.00 09/02/2017 DEATH OF AUDU ANGULU DANLAMI (part of reinsurer's share was fac ed out. there4 the 75 CONTINENTAL REINS PLC ECOBANK NIGERIA PLC reduced Rein. Total Loss) 4,061,770.59 14/02/2017 76 CONTINENTAL REINS PLC MOBIL PRODUCING NIGERIA UNLIMITED DEATH OF CHIEJINA OKOCHA 6,165,631.71 21/02/2017 CREDIT LOAN ON HON OMAWUMI 77 CONTINENTAL REINS PLC SKYE BANK PLC UDOH 16,469,766.48 27/02/2017 DEATH OF MICHAEL SMITH; NDA 78 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) MUH'D; LAMI; JOSEPH OMOLAFE 6,577,880.01 01/03/2017 DEATH OF OKEREKE; ENEMAKU ALFRED; MBA MOSES; UWEFOR; 79 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) DOGARA 5,429,284.71 01/03/2017 80 CONTINENTAL REINS PLC NIGERIA LNG LIMITED DEATH OF MADU SAMUEL OKEKE 5,030,577.30 07/03/2017 DEATH OF SUNDAY NGOZI 81 CONTINENTAL REINS PLC CHEVRON NIG. LTD CHUKWUEKWU 16,345,539.42 07/03/2017 DEATH OF JUSTICE JOSEPH JUDE 82 CONTINENTAL REINS PLC COURT OF APPEAL ABUJA JELLA 3,968,888.03 07/03/2017 DEATH OF IFEANYI EMMANUEL 83 CONTINENTAL REINS PLC NIGERIA LNG LIMITED ONUMAJULU 3,544,254.20 07/03/2017 DEATH OF SALEH DASS SHUAIB; 84 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) SOTUNDE ADESINA 3,987,911.57 09/03/2017 DEATH OF AHMED BALARABE 85 CONTINENTAL REINS PLC Options Consultancy Services HAMZAH 16,800,000.00 09/03/2017 Nigeria Insurance Digest 2017 167

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

86 CONTINENTAL REINS PLC UBA PLC DEATH OF ONAMAEME JOHN 4,070,849.80 14/03/2017 87 CONTINENTAL REINS PLC MAINSTREAM ENERGY SOLUTIONS LTD DEATH OF BELLO SHEHU USMAN 5,374,370.95 15/03/2017 88 CONTINENTAL REINS PLC MTN NIGERIA COMMUNICATIONS LIMITED DEATH OF SUNMONU ADESOYE 16,606,572.59 21/03/2017 89 CONTINENTAL REINS PLC NDIC DEATH OF OGBONNA G.C. 3,736,159.43 29/03/2017 90 CONTINENTAL REINS PLC MOBIL PRODUCING NIGERIA UNLIMITED DEATH OF CHIEJINA OKOCHA 17,298,059.45 03/04/2017 91 CONTINENTAL REINS PLC MTN NIGERIA COMMUNICATIONS LIMITED DEATH OF ONYEBUCHI CHIGOZIE 27,085,120.44 19/04/2017 92 CONTINENTAL REINS PLC CARDINALSTONE PARTNER LIMITED DEATH OF KELECHI UMELO 5,113,620.00 19/04/2017 MICHEAL SMITH; NDA MUHAMMED; LAMI MUSA 93 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) MOH'D; & 6 OTHERS 12,807,642.36 27/04/2017 94 CONTINENTAL REINS PLC DEEP BLUE ENERGY SERVICES DEATH OF OKPALA ANGELA 4,115,239.81 03/05/2017 DEATH OF ZANA GADDAMA; KENIYINBOH B; RICHARD EBENE;RHODA OKOROCHA; 95 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) ADEREMI OGUNKEYE 5,397,995.60 10/05/2017 DEATH OF MICHAEL SMITH; 96 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) NDA MUH'D & 7 OTHERS 10,673,035.30 10/05/2017 97 CONTINENTAL REINS PLC UBA PLC DEATH OF LAURA ORSHI 4,692,312.65 18/05/2017 DEATH OF EMEAGWARA 98 CONTINENTAL REINS PLC UBA PLC CHUKWUEMEKA 5,057,932.36 23/05/2017 99 CONTINENTAL REINS PLC Dangote Industries (Expatriate) DEATH OF SHRIKANT JOSHI 11,605,000.00 01/06/2017 DEATH OF ICHIPI D.E, 100 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) EKONG A.I., & LUCKY C.E. 6,656,149.01 09/06/2017 101 CONTINENTAL REINS PLC NATIONAL ASSEMBLY DEATH OF TIJJANI ALIYU 3,646,165.00 16/06/2017 DEATH OF AHMED BIN AHMED KUDUR; RACHAEL 102 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) IGHODAYA ADENIKE 4,713,614.09 20/06/2017 103 CONTINENTAL REINS PLC Dangote Industries (Expatriate) DEATH OF SHRIKANT JOSHI 9,255,600.00 20/06/2017 104 CONTINENTAL REINS PLC FEDERAL MINISTRY OF PETROLEUM DEATH OF ODOKUMA BENSON 3,743,968.00 30/06/2017 105 CONTINENTAL REINS PLC W.A. Kareem & Co. DEATH OF ADEKANMBI S. IDOWU 15,000,000.00 30/06/2017 106 CONTINENTAL REINS PLC FEDERAL MINISTRY OF PETROLEUM DEATH OF GLORIA IYE ORAKA 6,561,306.40 30/06/2017 107 CONTINENTAL REINS PLC FEDERAL MINISTRY OF PETROLEUM DEATH OF AIRE GODFREY EDORO 4,713,246.40 30/06/2017 DEATH OF OLUJI OSARONGBOR; 108 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) ADESHINA EYOAWAN;IDONIBOYE 5,994,466.49 04/07/2017 DEATH OF ICHIPI; EKONG + 2; KUDUR; IGHODAYA; OLUJI; 109 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) ADESHINA;IDONIBOYE 7,596,850.44 04/07/2017 DEATH OF ICHIPI; EKONG+2; KUDUR; IGHODAYA; OLUJI; 110 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) ADESHINA 7,988,851.46 04/07/2017 111 CONTINENTAL REINS PLC SGS Inspection Services DEATH OF IGOCHUKWU DIMM 4,591,623.89 06/07/2017 DEATH OF 25 EMPLOYEES OF SUBEB: OBAROTIMI MICHAEL; 112 CONTINENTAL REINS PLC State Universal Basic Education Board (Subeb) ANNA AMUCHE ETC 15,825,898.70 15/08/2017 DEATH OF 7 EMPLOYEES OF SUBEB: AWE AGNES; OYEKAN 113 CONTINENTAL REINS PLC State Universal Basic Education Board (Subeb) QUDRAT 6,978,076.99 15/08/2017 DEATH OF 41 EMPLOYEES OF LAGOS LOCAL GOVT STAFF (ADEWUNMI OLUSOLA; BOYEJO 114 CONTINENTAL REINS PLC LAGOS STATE GOVERNMENT OLUREMI ETC 23,743,202.27 15/08/2017 DEATH OF 6 EMPLOYEES OF LAGOS STATE LOCAL GOVERNMENT EMPLOYEES: ODU 115 CONTINENTAL REINS PLC LAGOS STATE GOVERNMENT BOSEDE; ARIGBABUWO SESAN 4,791,688.47 15/08/2017 DEATH OF OLAITAN AKINDELE 116 CONTINENTAL REINS PLC MOBIL PRODUCING NIGERIA UNLIMITED & OKOCHA CHIEJINA 9,049,434.10 24/08/2017 117 CONTINENTAL REINS PLC AERO CONTRACTORS CO. OF NIGERIA DEATH OF GEORGE ADIGWE C 4,651,200.00 13/09/2017 118 CONTINENTAL REINS PLC NES AFRICA LIMITED DEATH OF ENGBI AKEREGBA 9,120,000.00 13/09/2017 119 CONTINENTAL REINS PLC UBA PLC DEATH OF ETIM ODO EFFIOM 9,024,002.98 18/09/2017 168 Nigeria Insurance Digest 2017

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

DEATH OF ICHIPI;EKONG; 120 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) SAMUEL YAK;LUCKY EGBOH 10,483,434.69 20/09/2017 DEATH OF AHMED BIN 121 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) AHMED;RACHEL ADENIKE 7,423,942.19 20/09/2017 DEATH OF OLUJI OSARONGBOR; ADESHINA ROSE; IDONIBOYE 122 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) TAMUNOEMI 9,441,280.94 20/09/2017 Esso Exploration And Production Nig Ltd - Usan Project 123 CONTINENTAL REINS PLC (Former ESSO EXPLORATION & PRODUCTION LIMITED DEATH OF OMOIKE M. IMANATUE 4,502,913.13 12/10/2017 124 CONTINENTAL REINS PLC Oiltest Well Services Ltd. DEATH OF PAUL A. AGWINEDE 13,333,291.60 12/10/2017 DEATH OF ADAKU NNENA 125 CONTINENTAL REINS PLC MOBIL PRODUCING NIGERIA UNLIMITED ASUOHA 3,607,862.86 12/10/2017 126 CONTINENTAL REINS PLC Dangote Industries (Expatriate) DEATH OF VADADA ADI VENKATA 8,320,000.00 18/10/2017 DEATH OF AKUBO OGUCHE; 127 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) MUSTAPA & 8 OTHERS 9,725,163.73 20/10/2017 DEATH OF UYANNEH KENNEDY 128 CONTINENTAL REINS PLC CHEVRON NIG. LTD ECHEZONA 5,521,438.69 20/10/2017 Nigeria Insurance Digest 2017 169

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

DEATH OF OJO OLUFUNSO ABIODUN; MUHAMMED 129 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) FATIMA LARABA 3,773,997.89 23/10/2017 DEATH OF ADAKU NNENA; 130 CONTINENTAL REINS PLC MOBIL PRODUCING NIGERIA UNLIMITED OMOIKE M.M. 17,682,704.98 30/10/2017 DEATH OF KOLAPO FATAI 131 CONTINENTAL REINS PLC HUAWAI TECHNOLOGIES NIG LTD OLANIYAN 8,040,000.00 07/11/2017 132 CONTINENTAL REINS PLC Offshore Personnel Services Ltd. DEATH OF OMOREGBE SAMSON 13,611,100.00 09/11/2017 DEATH OF BENJAMIN JOEL; 133 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) EYOETTE EFFIONG;&3 OTHERS 8,923,468.42 13/11/2017 DEATH OF ASIMA MOSES; 134 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) AKPAN IME;& 6 OTHERS 6,651,514.51 16/11/2017 DEATH OF SABONBIRNI ISA; ANOSIKE BONIFACE; 135 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) ONUABUCHI PATRICK 4,877,768.93 21/11/2017 136 CONTINENTAL REINS PLC NIGERIAN AGIP OIL COMPANY (NAOC) DEATH OF EBI EKPEBU 14,688,480.00 28/11/2017 DEATH OF IMANTUE OMOIKE SUNDAY; ASUOHA ADAKU 137 CONTINENTAL REINS PLC MOBIL PRODUCING NIGERIA UNLIMITED NNENNA 7,357,501.03 29/11/2017 138 CONTINENTAL REINS PLC National Pension Commission DEATH OF ASMAU BELLO ALIYU 11,617,361.59 29/11/2017 DEATH OF DAKOK BITRUS; 139 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) QUADRI TUNDE ADEMOLA 6,657,510.16 05/12/2017 DEATH OF BASAM 140 CONTINENTAL REINS PLC Dangote Industries (Expatriate) RAVINDRANATHA REDDY 15,246,400.00 05/12/2017

DEATH OF AKUBO OGUCHE; ABDULAZIZ MUSTAPHA & 141 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) 8 OTHERS 11,670,196.47 06/12/2017 DEATH OF OFODILI ERNEST; 142 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) AYODELE IGE & 5 OTHERS 10,896,703.96 06/12/2017 DEATH OF AKINSHIPE OMONIYI ; 143 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC AMAECHI STEPHEN & 7 OTHERS 10,923,968.62 06/12/2017 DEATH OF NGOZI ORIAGBO & 144 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) 17 OTHERS 20,926,329.81 07/12/2017 DEATH OF OLUKAREH ADESHINA 145 CONTINENTAL REINS PLC UBA PLC SAMUEL 9,276,425.75 08/12/2017 DEATH OF GIWA BOSEDE & 17 146 CONTINENTAL REINS PLC LAGOS STATE GOVERNMENT OTHERS 7,373,209.54 18/12/2017 DEATH OF OKOYE NGOZI & 27 147 CONTINENTAL REINS PLC LAGOS STATE GOVERNMENT OTHERS 21,556,183.41 18/12/2017 DEATH OF EZE CORDELIA & 16 148 CONTINENTAL REINS PLC State Universal Basic Education Board (Subeb) OTHERS 10,213,255.97 18/12/2017 DEATH OF NWOSU PATRICIA & 149 CONTINENTAL REINS PLC State Universal Basic Education Board (Subeb) 24 OTHERS 32,506,985.51 18/12/2017 DEATH OF OGBOLE THERESA; 150 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) MADU OBINNA, INWEH JOHN 5,764,017.77 19/12/2017 DEATH OF UYANNEH KENNEDY 151 CONTINENTAL REINS PLC CHEVRON NIG. LTD ECHEZONA 4,601,198.91 20/12/2017 DEATH OF AKPAN IME UDO;NGOZI 152 CONTINENTAL REINS PLC NIGERIAN NATIONAL PETROLEUM CORP (NNPC) ORIGBO & 13 OTHERS 24,853,386.35 21/12/2017 153 CONTINENTAL REINS PLC Hjf Medical Research DEATH OF OLAYIWOLA OLABULO 12,807,440.84 08/01/2018 154 CUSTODIAN LIFE ASS LTD HEALTHCARE INTERNATIONAL NIG LTD SEPSIS 4,307,550.65 23/01/2017 155 CUSTODIAN LIFE ASS LTD INDIGO DRILLING LIMITED HELICOPTER CRASH 4,887,527.58 12/01/2017 156 CUSTODIAN LIFE ASS LTD JULIUS BERGER NIGERIA PLC BROUGHT IN DEAD 4,923,002.88 17/01/2017 INTRA CRANIAL TUMOUR WITH 157 CUSTODIAN LIFE ASS LTD CAPITAL BANCORP PLC MASS EFFECT 6,342,310.80 05/01/2017 SUDDEN ONSET 158 CUSTODIAN LIFE ASS LTD HOS-NATIONAL CENTRE FOR WOMEN DEVELOPMENT BREATHLESSNESS 8,957,583.07 23/01/2017 159 CUSTODIAN LIFE ASS LTD NIGERIA LNG LIMITED ACCIDENT 16,495,493.82 24/01/2017 160 CUSTODIAN LIFE ASS LTD HOS - FEDERAL MINISTRY OF EDUCATION VARIOUS 18,275,170.76 19/01/2017 161 CUSTODIAN LIFE ASS LTD OPTIONS CONSULTANCY SERVICES LIMITED RTA 32,400,000.00 17/01/2017 162 CUSTODIAN LIFE ASS LTD THE NIGERIA POLICE 2015/2016 BATCH 6 VARIOUS 45,263,544.00 18/01/2017 163 CUSTODIAN LIFE ASS LTD STANBIC IBTC BANK PLC ACUTE CHEST SYNDROME 3,745,000.00 17/02/2017 164 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. HYPERTENSIVE HEART DISEASE 4,108,005.70 01/03/2017 165 CUSTODIAN LIFE ASS LTD NAMPAK NIGERIA LTD HYPERTENTION 4,327,896.24 23/02/2017

170 Nigeria Insurance Digest 2017

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

166 CUSTODIAN LIFE ASS LTD DANGOTE CEMENT PLC DOA 4,384,800.00 27/02/2017 167 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. CARDIORESPIRATORY ARREST 4,631,957.60 15/02/2017 168 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. CARDIORESPIRATORY FAILURE 4,794,134.60 15/02/2017 169 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. #REF! 5,049,217.62 01/03/2017 170 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. ASPIRATION PNEUMONITIS 5,075,163.60 15/02/2017 171 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. ASPIRATION PNEUMONITIS 6,242,280.00 15/02/2017 172 CUSTODIAN LIFE ASS LTD NIGERIA INTERBANK SETTLEMENT SYS. PLC CARDIOPULMONARY FAILURE 6,583,490.70 06/02/2017 173 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. CARDIAC ARREST 6,736,128.12 27/02/2017 174 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. CARDIOPULMONARY COLLAPSE 6,890,171.70 27/02/2017 175 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. FRONTAL LOBE INFARCTION 7,252,587.13 27/02/2017 176 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. MYOCARDICAL INFARCTION 8,356,135.33 27/02/2017 177 CUSTODIAN LIFE ASS LTD CRUSADER STERLING PENSIONS LTD INTERNAL BLEEDING 9,055,428.16 02/02/2017 178 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CO. STROKE/ HYPERTENSIVE 9,601,938.50 01/03/2017 179 CUSTODIAN LIFE ASS LTD THE NIGERIAN POLICE BATCH 18 (2013/14) VARIOUS 15,953,110.80 10/02/2017 180 CUSTODIAN LIFE ASS LTD THE NIGERIAN POLICE BATCH 8 (2015/2016) VARIOUS 30,852,651.60 23/02/2017 181 CUSTODIAN LIFE ASS LTD THE NIGERIAN POLICE BATCH 7 (2015/2016) VARIOUS 30,919,059.60 10/02/2017 182 CUSTODIAN LIFE ASS LTD MTN COMMUNICATIONS LIMITED CARDIAC ARREST 43,771,918.95 06/02/2017 CVA SECONDARY TO 183 CUSTODIAN LIFE ASS LTD FLOUR MILLS OF NIGERIA PLC HYPERTENSION 3,708,485.80 08/06/2017 184 CUSTODIAN LIFE ASS LTD FLOUR MILLS OF NIGERIA PLC SUBSIDARIES HEAD INJURY 3,829,967.07 17/05/2017 185 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) CEREBROVASCULAR ACCIDENT 3,881,240.88 23/08/2017 186 CUSTODIAN LIFE ASS LTD EGBIN POWER PLC CARDIOVASCULAR COLLAPSE 3,963,262.59 21/06/2017 187 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION CARDIOPULMONARY ARREST 4,045,179.24 16/10/2017 188 CUSTODIAN LIFE ASS LTD THE NIGERIAN ARMED FORCES UNKNOWN 4,061,265.60 26/04/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) 189 CUSTODIAN LIFE ASS LTD BATCH 4 BROUGHT IN DEAD 4,130,290.08 15/11/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) 190 CUSTODIAN LIFE ASS LTD BATCH 4 ACUTE EXERCERBATION 4,314,323.64 15/11/2017 191 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) BROUGHT IN DEAD 4,384,800.97 23/08/2017 192 CUSTODIAN LIFE ASS LTD VAN OORD NIGERIA LIMITED CARDIOPULMONARY ARREST 4,392,497.52 193 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) N/A 4,406,575.92 23/08/2017 194 CUSTODIAN LIFE ASS LTD FED. MINISTRY OF HEALTH HEPATIC ENTEPHALOPATHY 4,421,327.40 27/07/2017 195 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) CARDIOPULMONARY ARREST 4,426,988.70 23/08/2017 196 CUSTODIAN LIFE ASS LTD IKEJA ELECTRICITY DISTRIBUTION BREAST CANCER 4,474,404.12 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) 197 CUSTODIAN LIFE ASS LTD BATCH 5 HYPOGLYCEMIC SHOCK 4,476,991.08 15/11/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) 198 CUSTODIAN LIFE ASS LTD BATCH 5 SUDDEN CARDIAC ARREST 4,489,854.06 15/11/2017 199 CUSTODIAN LIFE ASS LTD CRUSADER STERLING PENSIONS LTD BOAT ACCIDENT 4,577,543.82 12/09/2017 200 CUSTODIAN LIFE ASS LTD BETA GLASS - DELTA PLANT, UGHELLI RESPIRATORY FAILURE 4,639,568.76 15/06/2017 201 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) UNKNOWN 4,642,073.30 18/12/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) DIFFAE ALVEOLAR DAMAGE 202 CUSTODIAN LIFE ASS LTD BATCH 5 4,676,577.06 15/11/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) LEFT HEMISPHERIC 203 CUSTODIAN LIFE ASS LTD BATCH 4 INTRAVENTRICULAR 4,731,258.56 15/11/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) 204 CUSTODIAN LIFE ASS LTD BATCH 5 ADDISONIAN CRISES 4,788,741.42 205 CUSTODIAN LIFE ASS LTD FRIESLAND CAMPINA WAMCO NIGERIA CRUSHED HEAD INJURY 4,925,329.44 26/09/2017 206 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION CEREBROVASCULAR DISEASE 5,013,559.44 25/05/2017 CHRONIC ASTHMA & 207 CUSTODIAN LIFE ASS LTD FLOUR MILLS OF NIGERIA PLC & SUBSIDIARIES HYPERTENSION 5,066,896.32 208 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION ACUTE RESPIRATORY DISTRESS 5,067,357.30 23/05/2017 209 CUSTODIAN LIFE ASS LTD EGBIN POWER PLC SEPTIC SHOCK 5,121,381.00 09/06/2017 210 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION BIVENTRICULAR FAILURE 5,158,094.49 13/09/2017 211 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) MULTPLE ORGAN FAILURE 5,197,518.96 23/08/2017 212 CUSTODIAN LIFE ASS LTD LAGOS STATE WORKFORCE VARIOUS MEMBERS 5,330,240.61 27/04/2017 213 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION ALCOHOLIC LIVER DISEASE 5,498,377.84 13/09/2017 214 CUSTODIAN LIFE ASS LTD NIGERIAN BOTTLING COMPANY CARDIOPULMONARY ARREST 5,595,394.68 15/06/2017 215 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) CEREBROVASCULAR TISSUE 5,736,486.02 08/11/2017 216 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) CARDIOPULMONARY ARREST 5,780,824.40 217 CUSTODIAN LIFE ASS LTD LAGOS STATE WORKFORCE VARIOUS MEMBERS 5,886,997.49 27/04/2017 218 CUSTODIAN LIFE ASS LTD JULIUS BERGER NIGERIA PLC CARDIO PULMONARY FAILURE 5,909,264.64 03/05/2017 219 CUSTODIAN LIFE ASS LTD NIGERIAN BOTTLING COMPANY MULTIPLE ORGAN FAILURE 6,081,656.70 13/10/2017 220 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) CANCER OF THE COLON 6,149,174.00 221 CUSTODIAN LIFE ASS LTD NIGERIAN BOTTLING COMPANY LTD ACUTE KIDNEY INJURY 6,222,353.40 24/11/2017 222 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) MURDERED 6,295,737.54 23/08/2017 223 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION SEVERE HYPERTENSION 6,322,726.80 21/09/2017

172 Nigeria Insurance Digest 2017

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

224 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) BROUGHT IN DEAD 6,361,635.08 225 CUSTODIAN LIFE ASS LTD FEDERAL MINISTRY OF COMMUNICATION TECH. SUDDEN CARDIAC DEATH 6,405,926.40 RECURRENT CEREBRO- 226 CUSTODIAN LIFE ASS LTD NNPC VASCULAR ACCIDENT 6,695,881.29 14/06/2017 227 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) RESPIRATORY ARREST 7,053,364.71 27/10/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) 228 CUSTODIAN LIFE ASS LTD BATCH 4 RESPIRATORY FAILURE 7,092,603.12 15/11/2017 IMMUNOSUPPRESSIOIN WITH 229 CUSTODIAN LIFE ASS LTD FLOUR MILLS OF NIGERIA SEPSIS 7,200,000.00 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) 230 CUSTODIAN LIFE ASS LTD BATCH 5 SUDDEN CARDIAC ARREST 7,317,944.40 15/11/2017 231 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) SHOCK 7,361,987.52 23/08/2017 C.V.D / CARDIO PULMONARY 232 CUSTODIAN LIFE ASS LTD FLOUR MILLS OF NIGERIA PLC AND SUB. FAILURE 7,532,000.40 21/04/2017 233 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) SEPTICAEMIA 7,752,466.06 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) 234 CUSTODIAN LIFE ASS LTD BATCH 5 HYPERTENSION 7,785,931.02 19/12/2017 235 CUSTODIAN LIFE ASS LTD NNPC CARDIOPULMONARY ARREST 7,862,817.24 15/11/2017 236 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION CARDIORESPIRATORY FAILURE 8,040,339.99 16/06/2017 237 CUSTODIAN LIFE ASS LTD NNPC DIABETES 8,183,760.75 21/09/2017 238 CUSTODIAN LIFE ASS LTD NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) CARDIOVASCULAR AIRSHOCK 8,260,018.17 14/06/2017 239 CUSTODIAN LIFE ASS LTD IKEJA ELECTRICITY DISTRIBUTION CO. CARDIORESPIRATORY FAILURE 8,419,424.01 23/08/2017 HYPERTENSION/ POORLY 240 CUSTODIAN LIFE ASS LTD NNPC CONTROL DIABETES 8,513,381.10 22/09/2017 241 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) CARDIOPULMONARY ARREST 8,631,428.05 20/06/2017 242 CUSTODIAN LIFE ASS LTD PRESTIGE ASSURANCE PLC LIVER DISEASE 8,858,331.00 27/10/2017 243 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) SEVERE SEPSIS 8,924,444.87 27/04/2017 244 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) UNKNOWN 9,220,527.27 15/11/2017 DROWNING / HELICOPTER 245 CUSTODIAN LIFE ASS LTD INDIGO DRILLING LIMITED CRASH 9,345,522.02 26/07/2017 HEMISPHERIC 246 CUSTODIAN LIFE ASS LTD NNPC CEREBROVACULAR ACCIDENT 9,813,235.59 16/06/2017 247 CUSTODIAN LIFE ASS LTD DANGOTE INDUSTRIES LIMITED AND SUBS - EXPARTRIATE. SUDDEN DEATH 9,963,000.00 24/04/2017 248 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) LIVER CIRRHOSIS 10,107,312.83 27/10/2017 249 CUSTODIAN LIFE ASS LTD FRONTIER OIL LIMITED CARDIAC ARREST 10,209,709.54 19/05/2017 250 CUSTODIAN LIFE ASS LTD CHEVRON NIG LTD ASPHYXIA 10,314,017.44 07/06/2017 MULTIPLE ORGAN FAILURE & 251 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) ENCEPHATITIS 10,481,469.84 27/10/2017 252 CUSTODIAN LIFE ASS LTD CHEVRON NIGERIA PLC RVD PLCC 10,714,157.44 11/10/2017 253 CUSTODIAN LIFE ASS LTD SAIL ASSOCIATES LTD ROAD TRAFFIC ACCIDENT 10,761,525.60 08/11/2017 254 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) ACUTE RESPIRATORY FAILURE 11,247,524.65 27/10/2017 255 CUSTODIAN LIFE ASS LTD NNPC CARDIOPULMONARY ARREST 11,856,851.25 21/06/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) 256 CUSTODIAN LIFE ASS LTD BATCH 5 CARDIORESPIRATORY ARREST 11,866,894.14 257 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION SEPTIC SHOCK 12,364,159.59 21/09/2017 258 CUSTODIAN LIFE ASS LTD CONTINENTAL REINSURANCE PLC CONGESTIVE CARDIAC FAILURE 13,079,271.00 13/03/2017 259 CUSTODIAN LIFE ASS LTD METRO PERIL INSURANCE BROKERS LTD Cerebrovascular accident 13,320,160.00 17/08/2017 260 CUSTODIAN LIFE ASS LTD FSDH MERCHANT BANK INTRACRANIAL HYPERTENSION 13,536,600.00 20/10/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) 15/11/2017 261 CUSTODIAN LIFE ASS LTD BATCH 4 CARDIORESPIRATORY FAILURE 13,867,709.52 262 CUSTODIAN LIFE ASS LTD TOTAL MOTION CONTROL LTD HYPERTENSION 15,637,274.64 31/10/2017 263 CUSTODIAN LIFE ASS LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC) CARDIOPULMONARY ARREST 16,041,218.25 264 CUSTODIAN LIFE ASS LTD FLOUR MILLS OF NIGERIA BRONCHIAL ASTHMA 17,894,434.00 11/10/2017 265 CUSTODIAN LIFE ASS LTD FLOUR MILLS OF NIGERIA PLC & SUBSIDIARIES GUN SHOT 19,138,692.00 11/08/2017 266 CUSTODIAN LIFE ASS LTD AERO CONTRACTORS CO HAEMORRHAGIC SHOCK 22,752,000.00 20/09/2017 267 CUSTODIAN LIFE ASS LTD CHEVRON NIGERIA PLC SEPSIS 24,202,397.81 20/10/2017 ADVANCE NON-HODGKINS 268 CUSTODIAN LIFE ASS LTD FLOUR MILLS OF NIGERIA LYRRPHOMA 46,625,562.40 269 CUSTODIAN LIFE ASS LTD THE NIGERIAN POLICE BATCH 9(2015/16) VARIOUS 54,055,360.80 21/09/2017 270 CUSTODIAN LIFE ASS LTD MTN COMMUNICATION LIMITED SEVERE UPPER G I BLEEDING 61,683,966.56 31/03/2017 271 FBN LIFE ASS LTD NIGERIA POLICE FORCE DEATH 27,383,982.80 03/01/2017 272 FBN LIFE ASS LTD HONEYWELL FLOURMLLS PLC DEATH 3,646,451.12 16/01/2017 273 FBN LIFE ASS LTD FIRST BANK OF NIGERIA LIMITED DEATH 3,575,446.00 22/02/2017 274 FBN LIFE ASS LTD NIGERIAN AGIP OIL COMPANY LTD DEATH 6,478,243.20 13/02/2017 275 FBN LIFE ASS LTD NNPC GROUP LIFE SCHEME - CORNERSTONE (BATCH 5-10) DEATH 4,597,426.69 15/02/2017 Nigeria Insurance Digest 2017 173

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

276 FBN LIFE ASS LTD NNPC GROUP LIFE SCHEME - (ENSURE) DEATH 8,004,776.48 23/02/2017 277 FBN LIFE ASS LTD FIRST BANK OF NIGERIA LTD DEATH 3,644,202.47 22/02/2017 278 FBN LIFE ASS LTD MEDICIN SANS FRONTIERS DEATH 5,584,316.00 01/03/2017 279 FBN LIFE ASS LTD FBN CAPITAL LIMITED DEATH 8,263,436.62 01/03/2017 280 FBN LIFE ASS LTD NATIONAL DEPOSIT INSURANCE CORPORATION DEATH 15,747,937.58 09/03/2017 281 FBN LIFE ASS LTD NNPC GROUP LIFE SCHEME - (NSIA) DEATH 9,605,731.78 14/03/2017 282 FBN LIFE ASS LTD Deep Blue Energy services Limited DEATH 11,865,268.80 22/03/2017 283 FBN LIFE ASS LTD CENTRAL BANK OF NIGERIA DEATH 5,516,634.94 29/03/2017 284 FBN LIFE ASS LTD DEPARTMENT OF STATE SERVICE DEATH 4,079,864.60 05/04/2017 285 FBN LIFE ASS LTD MONI PULO DEATH 14,187,681.56 11/04/2017 286 FBN LIFE ASS LTD LAGOS STATE GOVERNMENT WORKFORCE DEATH 12,360,544.89 24/04/2017 287 FBN LIFE ASS LTD FIRST BANK OF NIGERIA LTD DEATH 3,653,355.30 30/05/2017 288 FBN LIFE ASS LTD JESSE MARINES NIGERIA LIMITED DEATH 5,068,800.00 07/06/2017 289 FBN LIFE ASS LTD COMPUTER WAREHOUSE DEATH 3,839,150.09 12/06/2017 290 FBN LIFE ASS LTD BAKER HUGHES DEATH 9,258,981.00 12/06/2017 291 FBN LIFE ASS LTD DEPARTMENT OF STATE SERVICE DEATH 176,935,851.00 30/06/2017 292 FBN LIFE ASS LTD MAINSTREAM ENERGY SOLUTION LIMITED DEATH 3,588,480.00 26/09/2017 293 FBN LIFE ASS LTD DEPARTMENT OF STATE SERVICE DEATH 90,922,435.02 24/11/2017 294 FBN LIFE ASS LTD FIRST BANK OF NIGERIA LTD DEATH 4,736,087.96 10/11/2017 295 FBN LIFE ASS LTD MEDICIN SANS FRONTIERS DEATH 5,584,316.00 29/11/2017 296 FBN LIFE ASS LTD NATIONAL DEPOSIT INSURANCE CORPORATION DEATH 5,211,788.50 30/11/2017 297 FBN LIFE ASS LTD MAINSTREAM ENERGY SOLUTION LIMITED DEATH 8,716,465.14 28/11/2017 298 FBN LIFE ASS LTD FEDERAL MINISTRY OF POWER DEATH 5,125,628.88 13/12/2017 299 FBN LIFE ASS LTD DEPARTMENT OF STATE SERVICE DEATH 6,563,280.00 13/12/2017 300 FBN LIFE ASS LTD DEPARTMENT OF STATE SERVICE DEATH 3,807,451.20 13/12/2017 301 FBN LIFE ASS LTD DEPARTMENT OF STATE SERVICE DEATH 4,800,960.00 13/12/2017 302 FBN LIFE ASS LTD NIGERIAN AGIP OIL COMPANY LTD DEATH 3,672,120.00 14/12/2017 303 LEADWAY ASS CO LTD NBHH NIG. LTD DEATH 6,048,000.00 09/01/2017 304 LEADWAY ASS CO LTD INDIGO DRILLING LIMITED DEATH 11,681,902.53 21/07/2017 305 LEADWAY ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION (NGC STAFF) DEATH 3,835,307.71 10/04/2017 306 LEADWAY ASS CO LTD INDIGO DRILLING LIMITED DEATH 6,109,409.47 06/01/2017 307 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 6,684,908.26 11/04/2017 308 LEADWAY ASS CO LTD NEW NIGERIA DEVELOPMENT CO. LTD. DEATH 6,255,981.00 10/01/2017 309 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 7,962,578.33 18/04/2017 310 LEADWAY ASS CO LTD SOUTH ATLANTIC PETROLEUM LIMITED DEATH 13,097,460.00 21/07/2017 311 LEADWAY ASS CO LTD DMS NIGERIA LIMITED DEATH 6,676,483.00 31/07/2017 312 LEADWAY ASS CO LTD MANUETH SERVICES DEATH 3,750,000.00 18/10/2017 313 LEADWAY ASS CO LTD ORLEAN INVESTMENT WEST AFRICA LIMITED DEATH 3,871,947.42 19/04/2017 314 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 11,247,524.65 31/10/2017 315 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 7,053,364.71 31/10/2017 316 LEADWAY ASS CO LTD IMC LIMITED DEATH 3,600,000.00 19/10/2017 317 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICES DEATH 6,205,792.00 31/10/2017 318 LEADWAY ASS CO LTD IPNX NIGERIA LIMITED DEATH 6,416,592.00 31/07/2017 319 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 5,498,377.38 31/07/2017 320 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 5,158,094.49 31/07/2017 321 LEADWAY ASS CO LTD LEADWAY ASSURANCE COMPANY LIMITED DEATH 5,531,267.00 31/10/2017 322 LEADWAY ASS CO LTD STANBIC IBTC BANK DEATH 9,307,811.00 31/10/2017 323 LEADWAY ASS CO LTD OSUN STATE DEATH 9,171,844.92 19/07/2017 324 LEADWAY ASS CO LTD NIGERIA DEPOSIT INSURANCE COROPRATION DEATH 15,000,441.00 09/10/2017 325 LEADWAY ASS CO LTD CHEVRON NIGERIA LIMITED DEATH 14,285,543.25 13/10/2017 326 LEADWAY ASS CO LTD CHEVRON NIGERIA LIMITED DEATH 32,269,864.00 13/10/2017 327 LEADWAY ASS CO LTD FSDH MERCHANT BANK LIMITED DEATH 20,304,900.00 31/10/2017 328 LEADWAY ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION DEATH 8,631,428.05 25/10/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (LZO STAFF 329 LEADWAY ASS CO LTD AND CONTRACT) DEATH 5,736,486.02 31/10/2017 330 LEADWAY ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION (DPR STAFF) DEATH 6,361,635.08 31/10/2017 331 LEADWAY ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION DEATH 4,045,179.24 17/10/2017 332 LEADWAY ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION DEATH 10,107,312.83 17/10/2017 333 LEADWAY ASS CO LTD G4S SECURE SOLUTIONS NIGERIA LIMITED DEATH 3,600,000.00 07/11/2017 334 LEADWAY ASS CO LTD NIGERIA LNG LIMITED DEATH 8,110,284.00 19/01/2017 335 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 9,814,235.00 11/04/2017 336 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 7,549,410.00 30/01/2017 337 LEADWAY ASS CO LTD SC JOHNSON & SON NIGERIA LTD DEATH 3,761,802.00 10/04/2017 338 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 3,581,592.86 29/11/2017 339 LEADWAY ASS CO LTD LEADWAY PENSURE PFA LIMITED DEATH 3,673,426.00 13/11/2017 174 Nigeria Insurance Digest 2017

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

340 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 3,741,261.65 29/11/2017 341 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 3,785,006.85 29/11/2017 342 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 3,830,993.14 02/12/2017 343 LEADWAY ASS CO LTD TUSEN CONSULTING LIMITED DEATH 4,189,655.00 04/12/2017 344 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 21,226,605.00 31/01/2017 345 LEADWAY ASS CO LTD FUNTUA TEXTILES LIMITED DEATH 4,371,490.00 18/11/2017 346 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 20,697,712.00 31/01/2017 347 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 5,674,082.50 02/12/2017 348 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 6,070,890.00 31/01/2017 349 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 5,780,824.00 21/11/2017 350 LEADWAY ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION ( PPMC STAFF) DEATH 5,854,355.52 29/11/2017 351 LEADWAY ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION DEATH 6,149,174.00 21/11/2017 352 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 6,228,744.82 02/12/2017 353 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 6,384,842.00 27/11/2017 354 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 6,502,284.00 27/11/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (IDSL STAFF, 355 LEADWAY ASS CO LTD NYSC & SIWES) DEATH 8,924,445.00 21/11/2017 356 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICES DEATH 8,997,525.00 27/11/2017 357 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 9,493,515.31 29/11/2017 358 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICES DEATH 9,694,755.00 27/11/2017 359 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 11,094,167.62 29/11/2017 360 LEADWAY ASS CO LTD ADAMA BEVERAGES LIMITED DEATH 13,970,880.00 24/05/2017 361 LEADWAY ASS CO LTD FEDERAL HOUSING AUTHORITY DEATH 15,771,302.00 29/11/2017 362 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 16,041,218.25 05/12/2017 363 LEADWAY ASS CO LTD SUNTORY FOODS AND BEVERAGES FOOD NIGERIA LIMITED DEATH 12,267,142.00 25/05/2017 364 LEADWAY ASS CO LTD BANK OF INDUSTRY DEATH 7,177,193.04 12/05/2017 365 LEADWAY ASS CO LTD JBIS INTEGRATED RESOURCES LTD DEATH 22,134,727.00 06/07/2017 366 LEADWAY ASS CO LTD BOLLORE TRANSPORT & LOGISTICS NIGERIA LTD DEATH 16,160,273.00 22/05/2017 367 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 19,639,927.00 05/08/2017 368 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICES DEATH 8,532,708.00 05/08/2017 369 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICES DEATH 3,798,646.00 05/08/2017 370 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 17,548,675.00 22/08/2017 371 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 5,036,590.03 04/08/2017 372 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 3,541,590.96 04/08/2017 373 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 3,507,840.78 04/08/2017 374 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 6,608,014.54 04/08/2017 375 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 4,158,015.17 04/08/2017 376 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 5,889,590.02 04/08/2017 377 LEADWAY ASS CO LTD CHEVRON PLC DEATH 13,752,023.25 05/06/2017 378 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 3,525,260.74 04/08/2017 379 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 11,951,837.00 13/06/2017 380 LEADWAY ASS CO LTD SC JOHNSON & SON NIGERIA LTD DEATH 3,772,700.00 23/08/2017 381 LEADWAY ASS CO LTD NEXEN PETROLEUM NIGERIA LIMITED DEATH 14,073,000.00 02/05/2017 382 LEADWAY ASS CO LTD NIGERIA DEPOSIT INSURANCE COROPRATION DEATH 5,262,661.34 20/06/2017 383 LEADWAY ASS CO LTD NIGERIA DEPOSIT INSURANCE COROPRATION DEATH 13,369,894.78 20/06/2017 384 LEADWAY ASS CO LTD HERITAGE BANKING COMPANY LIMITED/ENTERPRISE BANK DEATH 4,267,800.00 08/06/2017 385 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 5,067,357.30 06/06/2017 386 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 5,013,559.44 06/06/2017 387 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 8,183,760.75 06/06/2017 388 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 6,695,881.29 06/06/2017 389 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 6,742,397.00 12/06/2017 390 LEADWAY ASS CO LTD WEST ATLANTIC SHIPYARD LIMITED DEATH 11,484,000.00 15/08/2017 391 LEADWAY ASS CO LTD NIGERIAN DEPOSIT INSURANCE COMPANY DEATH 12,484,055.03 20/06/2017 392 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 10,856,807.00 12/06/2017 393 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICES DEATH 8,300,296.00 15/06/2017 394 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 7,862,817.24 19/06/2017 395 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 8,513,381.10 19/06/2017 396 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 9,813,235.59 19/06/2017 397 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 11,856,851.25 22/06/2017 398 LEADWAY ASS CO LTD EMERGING MARKET TELECOMMUNICATIONS SERVICES LIMITED DEATH 16,679,520.00 21/09/2017 Nigeria Insurance Digest 2017 175

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

399 LEADWAY ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 13,920,669.00 12/09/2017 400 LEADWAY ASS CO LTD NIGERIAN COMMUNICATION COMMISSION DEATH 33,259,281.00 20/02/2017 401 LEADWAY ASS CO LTD eHEALTH AFRICA FOUNDATION DEATH 8,845,200.00 20/02/2017 402 LEADWAY ASS CO LTD CHI FARMS LIMITED - AJANLA DEATH 4,865,400.00 20/02/2017 403 LEADWAY ASS CO LTD ASSOCIATION FOR REPRODUCTIVE HEALTH - TB PROJECT DEATH 7,633,289.00 29/09/2017 404 LEADWAY ASS CO LTD TOTAL E&P LIMITED DEATH 24,130,148.00 18/09/2017 405 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION (WRPC) DEATH 10,481,470.00 27/09/2017 406 MBA LIFE ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 6,322,726.80 27/09/2017 407 MBA LIFE ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION (KRPC STAFF) DEATH 5,388,902.49 14/02/2017 408 MBA LIFE ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION (PHRC STAFF) DEATH 5,512,137.36 14/02/2017 409 MBA LIFE ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 8,040,339.99 27/09/2017 NIGERIA NATIONAL PETROLEUM CORPORATION (IDSL STAFF, 410 MBA LIFE ASS CO LTD NYSC & SIWES) DEATH 4,993,824.00 14/02/2017 411 MBA LIFE ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION (KRPC STAFF) DEATH 4,060,130.84 14/02/2017 412 MBA LIFE ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION (KZO STAFF) DEATH 5,802,069.70 14/02/2017 413 MBA LIFE ASS CO LTD NIGERIA NATIONAL PETROLEUM CORPORATION ( PPMC STAFF) DEATH 3,705,566.11 14/02/2017 414 MBA LIFE ASS CO LTD OILSERV LIMITED DEATH 18,000,000.00 01/03/2017 415 MBA LIFE ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 11,951,837.00 13/02/2017 416 MBA LIFE ASS CO LTD FEDERAL INLAND REVENUE SERVICE DEATH 9,694,754.43 13/02/2017 417 MBA LIFE ASS CO LTD LEADWAY PENSURE PFA LIMITED DEATH 8,601,260.00 01/03/2017 418 MBA LIFE ASS CO LTD CS TOTAL GASTROIL NIG. LTD. DEATH 6,480,000.00 06/03/2017 419 MBA LIFE ASS CO LTD AVEON OFF-SHORE LIMITED DEATH 8,457,878.00 23/03/2017 420 MBA LIFE ASS CO LTD NIGERIA DEPOSIT INSURANCE COROPRATION DEATH 3,726,549.00 15/03/2017 421 EADWAY ASS CO LTD CATHOLIC CARITAS FOUNDATION OF NIGERIA DEATH 22,393,098.00 27/03/2017 422 LEADWAY ASS CO LTD ABUJA URBAN MASS TRANSPORT COMPANY DEATH 4,387,801.00 27/03/2017 423 LEADWAY ASS CO LTD NIGERIA NATIONAL PETROELUM CORPORATION (GHR) DEATH 12,364,159.59 11/09/2017 424 LEADWAY ASS CO LTD NATIONAL JUDICIAL INSTITUTE DEATH 18,553,846.00 11/09/2017 425 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 4,642,073.00 16/12/2017 426 LEADWAY ASS CO LTD NIGERIA NATIONAL PETROELUM CORPORATION (GHR) DEATH 7,752,466.06 20/12/2017 427 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 9,220,527.27 23/12/2017 428 LEADWAY ASS CO LTD NIGERIAN COMMUNICATIONS COMMISSION DEATH 17,818,358.00 16/12/2017 429 LEADWAY ASS CO LTD NIGERIAN COMMUNICATIONS COMMISSION DEATH 57,746,918.00 20/12/2017 430 LEADWAY ASS CO LTD SUNTORY BEVERAGES & FOOD NIG. LTD. DEATH 54,410,247.46 23/12/2017 431 LEADWAY ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 3,591,883.25 13/12/2017 432 LEADWAY ASS CO LTD STANBIC IBTC BANK DEATH 10,700,000.00 04/04/2017 433 MBA LIFE ASS CO LTD SGS INSPECTION DEATH 4,176,000.00 04/01/2017 434 MBA LIFE ASS CO LTD FEDERAL MINISTRY OF EDUCATION DEATH 5,028,623.89 09/01/2017 435 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 5,644,800.00 10/01/2017 436 MBA LIFE ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 6,161,665.00 10/01/2017 437 MBA LIFE ASS CO LTD MOBIL PRODUCING NIGERIA UNLIMITED DEATH 6,764,624.00 10/01/2017 438 MBA LIFE ASS CO LTD FEDERAL MINISTRY OF EDUCATION DEATH 9,137,585.38 10/01/2017 439 MBA LIFE ASS CO LTD AIDS PREVENTION INITIATIVE IN NIGERIA DEATH 12,792,244.94 10/01/2017 440 MBA LIFE ASS CO LTD FIDELITY BANK PLC DEATH 12,836,892.93 10/01/2017 441 MBA LIFE ASS CO LTD PROFIELD NIGERIA LIMITED DEATH 11,682,000.00 11/01/2017 442 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 13,730,846.40 16/01/2017 443 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 14,919,040.80 16/01/2017 444 MBA LIFE ASS CO LTD PRIME SERVICES FZE DEATH 4,092,000.00 17/01/2017 445 MBA LIFE ASS CO LTD PRIME SERVICES FZE DEATH 4,650,000.00 17/01/2017 446 MBA LIFE ASS CO LTD FEDERAL MINISTRY OF HEALTH DEATH 5,468,258.05 19/01/2017 447 MBA LIFE ASS CO LTD UNIFIED PAYMENT SERVICES LIMITED DEATH 17,609,706.00 19/01/2017 448 MBA LIFE ASS CO LTD SVANOSIO COMPANY LIMITED DEATH 28,318,500.00 25/01/2017 449 MBA LIFE ASS CO LTD Q & Q CONTROL SERVICES NIGERIA LIMITED DEATH 3,830,085.00 02/02/2017 450 MBA LIFE ASS CO LTD FIDELITY BANK PLC DEATH 9,428,275.41 02/02/2017 451 MBA LIFE ASS CO LTD FEDERAL MINISTRY OF MINES 2014 DEATH 3,620,227.20 07/02/2017 452 MBA LIFE ASS CO LTD LAGOS STATE GOVERNMENT DEATH 8,589,906.30 07/02/2017 453 MBA LIFE ASS CO LTD ARMED FORCES DEATH 4,769,029.20 10/02/2017 454 MBA LIFE ASS CO LTD FOLAWIYO ENERGY LIMITED DEATH 9,676,111.50 13/02/2017 455 MBA LIFE ASS CO LTD LAPO MICROFINANCE BANK LIMITED DEATH 3,675,792.24 14/02/2017 456 MBA LIFE ASS CO LTD DEEPER CHRISTAIN LIFE MINISTRY DEATH 16,280,928.00 15/02/2017 457 MBA LIFE ASS CO LTD NIGERIAN LNG LIMITED DEATH 8,242,103.80 16/02/2017 458 MBA LIFE ASS CO LTD MOBIL PRODUCING NIGERIA UNLIMITED DEATH 35,552,105.69 20/02/2017 459 MBA LIFE ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 4,597,426.69 22/02/2017 460 MBA LIFE ASS CO LTD NATIONAL PENSION COMMISSION DEATH 23,316,074.10 22/02/2017 461 MBA LIFE ASS CO LTD UNITY BANK PLC DEATH 6,718,260.24 03/03/2017 462 MBA LIFE ASS CO LTD PRIME SERVICES FZE DEATH 8,184,000.00 08/03/2017 176 Nigeria Insurance Digest 2017

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

463 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 5,317,703.60 09/03/2017 464 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 7,935,274.80 09/03/2017 465 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 9,142,426.80 09/03/2017 466 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 10,284,217.20 09/03/2017 467 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 10,306,353.20 09/03/2017 468 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 13,887,216.00 09/03/2017 469 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 15,087,848.00 09/03/2017 470 MBA LIFE ASS CO LTD GROOMING CENTRE DEATH 4,058,897.04 29/03/2017 471 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 15,195,540.00 31/03/2017 472 MBA LIFE ASS CO LTD CENTRAL BANK OF NIGERIA DEATH 5,516,634.94 06/04/2017 473 MBA LIFE ASS CO LTD WEST AFRICAN CONTAINER TERMINALS DEATH 4,515,144.28 11/04/2017 474 MBA LIFE ASS CO LTD EKO ELECTRICITY DISTRIBUTION CO. LTD DEATH 5,077,671.30 11/04/2017 475 MBA LIFE ASS CO LTD HERITAGE BANKING COMPANY LIMITED DEATH 7,113,000.00 13/04/2017 476 MBA LIFE ASS CO LTD FEDERAL MINISTRY OF INTERIOR DEATH 3,975,536.88 24/04/2017 477 MBA LIFE ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 21,717,138.82 28/04/2017 478 MBA LIFE ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 26,311,520.05 28/04/2017 479 MBA LIFE ASS CO LTD PENGASSAN DEATH 9,591,628.00 02/05/2017 480 MBA LIFE ASS CO LTD FEDERAL MINISTRY OF EDUCATION DEATH 6,490,225.91 05/05/2017 481 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 4,866,990.00 22/05/2017 482 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 7,836,852.00 26/05/2017 483 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 7,836,852.00 26/05/2017 484 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 7,836,852.00 26/05/2017 485 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 7,836,852.00 26/05/2017 486 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 11,600,388.00 26/05/2017 487 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 20,306,328.00 26/05/2017 488 MBA LIFE ASS CO LTD MOBIL PRODUCING NIGERIA UNLIMITED DEATH 5,322,815.85 31/05/2017 489 MBA LIFE ASS CO LTD NIGERIA LNG DEATH 7,397,974.42 31/05/2017 490 MBA LIFE ASS CO LTD PRIME SERVICES FZE DEATH 3,720,000.00 05/06/2017 491 MBA LIFE ASS CO LTD FIDELITY BANK PLC DEATH 4,982,479.44 06/06/2017 492 MBA LIFE ASS CO LTD FIDELITY BANK PLC DEATH 6,810,980.76 06/06/2017 493 MBA LIFE ASS CO LTD SGS INSPECTION SERVICES NIGERIA LTD DEATH 30,305,412.96 08/06/2017 494 MBA LIFE ASS CO LTD HEALTH COMMUNICATION & CAPACITY COLLABORATIVE DEATH 8,530,313.85 20/06/2017 495 MBA LIFE ASS CO LTD SOCIETY FOR FAMILY HEALTH DEATH 5,094,767.27 23/06/2017 496 MBA LIFE ASS CO LTD NATIONAL HOSPITAL, ABUJA DEATH 8,440,274.66 04/07/2017 497 MBA LIFE ASS CO LTD FIDELITY BANK PLC DEATH 9,428,275.00 14/07/2017 498 MBA LIFE ASS CO LTD GROOMING CENTRE DEATH 3,944,506.32 31/07/2017 499 MBA LIFE ASS CO LTD CEFO BUILDING SERVICES LIMITED DEATH 5,000,000.00 01/08/2017 500 MBA LIFE ASS CO LTD EKO ELECTRICITY DISTRIBUTION CO. LTD DEATH 5,554,792.97 04/08/2017 501 MBA LIFE ASS CO LTD UNITY BANK PLC DEATH 3,592,688.40 08/08/2017 502 MBA LIFE ASS CO LTD GREAT BRANDS NIGERIA LIMITED DEATH 3,600,000.00 09/08/2017 503 MBA LIFE ASS CO LTD THE OKOMU OIL PALM COMPANY PLC DEATH 4,747,521.82 17/08/2017 504 MBA LIFE ASS CO LTD EMBASSY OF THE UNITED STATES OF AMERICA DEATH 12,615,915.00 18/08/2017 505 MBA LIFE ASS CO LTD LAPO MICROFINANCE BANK LIMITED DEATH 4,758,000.00 28/08/2017 506 MBA LIFE ASS CO LTD FEDERAL MINISTRY OF AGRIC DEATH 4,858,094.63 28/08/2017 507 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 18,018,453.60 28/08/2017 508 MBA LIFE ASS CO LTD TOTAL E & P NIGERIA LIMITED DEATH 18,097,610.63 28/08/2017 509 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 4,150,128.00 30/08/2017 510 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 4,150,128.00 30/08/2017 511 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 4,150,128.00 30/08/2017 512 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 4,150,128.00 30/08/2017 513 MBA LIFE ASS CO LTD INTERNATIONAL COMMITTEE OF THE RED CROSS DEATH 4,884,948.00 30/08/2017 514 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 11,600,388.00 30/08/2017 515 MBA LIFE ASS CO LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 43,763,236.77 06/09/2017 516 MBA LIFE ASS CO LTD BOURBON INTEROIL NIGERIA LIMITED DEATH 6,459,549.12 07/09/2017 517 MBA LIFE ASS CO LTD NIGERIA POLICE FORCE DEATH 14,036,806.38 12/09/2017 518 MBA LIFE ASS CO LTD DARAJU INDUSTRIES LIMITED DEATH 7,424,179.20 14/09/2017 519 MBA LIFE ASS CO LTD BANK OF INDUSTRY DEATH 8,612,631.65 15/09/2017 520 MBA LIFE ASS CO LTD ALLER AQUA NIGERIA LIMITED DEATH 9,000,000.00 15/09/2017 521 MBA LIFE ASS CO LTD SVANOSIO COMPANY LIMITED DEATH 31,415,000.00 21/09/2017 522 MBA LIFE ASS CO LTD MOBIL PRODUCING NIGERIA UNLIMITED DEATH 27,026,209.52 04/10/2017 523 MBA LIFE ASS CO LTD MOBIL PRODUCING NIGERIA UNLIMITED DEATH 30,009,710.43 11/10/2017 524 MBA LIFE ASS CO LTD INTERNATIONAL INSTITUTE OF TROPICAL AGRICULTURE DEATH 4,622,253.30 12/10/2017 525 MBA LIFE ASS CO LTD CENTRAL BANK OF NIGERIA DEATH 10,795,726.54 23/10/2017 526 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 4,150,128.00 27/10/2017 527 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 4,866,990.00 27/10/2017 Nigeria Insurance Digest 2017 177

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

528 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 4,866,990.00 27/10/2017 529 MBA LIFE ASS CO LTD MINISTRY OF DEFENCE DEATH 15,195,540.00 27/10/2017 530 MBA LIFE ASS CO LTD FIDELITY BANK PLC DEATH 5,779,335.00 30/10/2017 531 MBA LIFE ASS CO LTD FIDELITY BANK PLC DEATH 6,810,980.76 30/10/2017 532 METROPOLITAN LIFE INS NIG LTD BENSON IDAHOSA UNIVERSITY DEATH 7,728,833.52 30/10/2017 533 METROPOLITAN LIFE INS NIG LTD FIDELITY BANK PLC DEATH 12,836,892.93 30/10/2017 534 METROPOLITAN LIFE INS NIG LTD BENSON IDAHOSA UNIVERSITY DEATH 13,594,857.84 30/10/2017 535 METROPOLITAN LIFE INS NIG LTD DANGOTE GROUP OF COMPANIES (EXPATRIATES) DEATH 10,980,000.00 01/11/2017 536 METROPOLITAN LIFE INS NIG LTD BI-COURTNEY AVIATION SERVICES LIMITED DEATH 4,189,090.91 15/11/2017 537 METROPOLITAN LIFE INS NIG LTD BENSON IDAHOSA UNIVERSITY DEATH 5,608,669.68 15/11/2017 538 METROPOLITAN LIFE INS NIG LTD NIGERIAN ARMED FORCES DEATH 5,483,381.40 20/11/2017 539 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM RESOURCES DEATH 6,703,125.66 20/11/2017 540 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM RESOURCES DEATH 7,157,077.20 20/11/2017 541 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM RESOURCES DEATH 7,225,239.42 20/11/2017 542 METROPOLITAN LIFE INS NIG LTD EKO ELECTRICITY DISTRIBUTION CO. LTD DEATH 3,962,413.73 21/11/2017 543 METROPOLITAN LIFE INS NIG LTD ARK INSURANCE BROKERS LIMITED DEATH 5,984,768.88 23/11/2017 544 METROPOLITAN LIFE INS NIG LTD NIGERIA POLICE FORCE DEATH 4,019,933.01 27/11/2017 545 METROPOLITAN LIFE INS NIG LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 40,862,639.86 12/12/2017 546 METROPOLITAN LIFE INS NIG LTD NIGERIAN NATIONAL PETROLEUM CORPORATION DEATH 40,967,551.73 12/12/2017 547 METROPOLITAN LIFE INS NIG LTD ARMED FORCES DEATH 80,876,208.00 19/12/2017 548 METROPOLITAN LIFE INS NIG LTD MOBIL PRODUCING UNLIMITED DEATH 8,555,387.99 29/12/2017 549 METROPOLITAN LIFE INS NIG LTD CONTROL RISKS SERVICES WEST AFRICA DEATH 9,720,000.00 01/02/2017 550 METROPOLITAN LIFE INS NIG LTD DANGOTE CEMENT GBOKO DEATH 3,836,700.00 02/02/2017 551 METROPOLITAN LIFE INS NIG LTD NIGERIA LNG LIMITED DEATH 12,096,695.47 06/02/2017 552 METROPOLITAN LIFE INS NIG LTD VFS GLOBAL SERVICES DEATH 3,888,000.00 08/02/2017 553 METROPOLITAN LIFE INS NIG LTD ITB NIGERIA LIMITED DEATH 3,794,511.60 08/02/2017 554 METROPOLITAN LIFE INS NIG LTD ASHAKA CEMENT PLC DEATH 7,034,964.48 09/02/2017 555 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF WOMEN AFFAIRS DEATH 5,971,722.05 09/02/2017 556 METROPOLITAN LIFE INS NIG LTD ASHAKA CEMENT PLC DEATH 5,581,939.32 09/02/2017 557 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 5,017,845.60 15/02/2017 558 METROPOLITAN LIFE INS NIG LTD NIGERIAN NATIONAL DEATH 4,178,067.67 15/02/2017 559 METROPOLITAN LIFE INS NIG LTD NIGERIAN NATIONAL DEATH 3,626,293.57 15/02/2017 560 METROPOLITAN LIFE INS NIG LTD STERLING BANK PLC DEATH 7,335,705.84 16/02/2017 561 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 9,070,849.80 17/02/2017 562 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 6,292,150.92 17/02/2017 563 METROPOLITAN LIFE INS NIG LTD CHI FARMS LIMITED DEATH 4,865,400.00 24/02/2017 564 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 7,469,561.88 07/03/2017 565 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 6,292,150.75 08/03/2017 566 METROPOLITAN LIFE INS NIG LTD VODACOM BUSINESS AFRICA (NIG) DEATH 10,324,779.93 13/03/2017 567 METROPOLITAN LIFE INS NIG LTD DANGOTE CEMENT PLC-(EXPATRIATE) CHINA DEATH 16,605,000.00 21/04/2017 568 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM DEATH 4,128,708.24 03/05/2017 569 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM DEATH 4,089,758.40 03/05/2017 570 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM DEATH 3,830,357.52 03/05/2017 571 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM DEATH 3,816,766.87 03/05/2017 572 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 11,402,720.77 04/05/2017 573 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 10,057,932.36 04/05/2017 574 METROPOLITAN LIFE INS NIG LTD STERLING BANK PLC DEATH 8,284,978.61 19/05/2017 575 METROPOLITAN LIFE INS NIG LTD PROCTER & GAMBLE LIMITED DEATH 11,602,453.95 24/05/2017 576 METROPOLITAN LIFE INS NIG LTD NATIONAL ASSEMBLY SERVICE COMMISSION LOT B DEATH 8,646,165.00 08/06/2017 577 METROPOLITAN LIFE INS NIG LTD W. A. KAREEM & CO DEATH 20,000,000.00 16/06/2017 578 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM DEATH 11,561,306.40 21/06/2017 579 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM DEATH 9,713,246.40 21/06/2017 580 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM DEATH 8,743,968.00 21/06/2017 581 METROPOLITAN LIFE INS NIG LTD FEDERAL MINISTRY OF PETROLEUM DEATH 6,268,777.20 21/06/2017 582 METROPOLITAN LIFE INS NIG LTD WINORAC ENGINEERING & TECHNICAL SERVICES LTD DEATH 5,145,525.00 26/06/2017 583 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 6,292,150.92 17/07/2017 584 METROPOLITAN LIFE INS NIG LTD KADUNA STATE GOVERNMENT DEATH 7,370,065.50 26/07/2017 585 METROPOLITAN LIFE INS NIG LTD KADUNA STATE GOVERNMENT DEATH 5,462,820.00 26/07/2017 586 METROPOLITAN LIFE INS NIG LTD KADUNA STATE GOVERNMENT DEATH 5,346,440.28 26/07/2017 587 METROPOLITAN LIFE INS NIG LTD KADUNA STATE GOVERNMENT DEATH 4,637,281.32 26/07/2017 588 METROPOLITAN LIFE INS NIG LTD KADUNA STATE GOVERNMENT DEATH 3,941,223.12 26/07/2017 589 METROPOLITAN LIFE INS NIG LTD KADUNA STATE GOVERNMENT DEATH 3,678,656.04 26/07/2017 590 METROPOLITAN LIFE INS NIG LTD CEMENT COMPANY AND NOTHERN NIGERIA LIMITED DEATH 4,196,012.40 01/08/2017 178 Nigeria Insurance Digest 2017

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

591 METROPOLITAN LIFE INS NIG LTD NNPC DEATH 4, 130, 009.09 08/08/2017 592 METROPOLITAN LIFE INS NIG LTD NNPC DEATH 3, 680, 993.75 08/08/2017 593 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 14,024,002.98 10/08/2017 594 METROPOLITAN LIFE INS NIG LTD PURE LOGISTICS DEATH 4,371,494.40 16/08/2017 595 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 5,017,845.90 17/08/2017 596 METROPOLITAN LIFE INS NIG LTD INDIGO DRILLING LIMITED DEATH 25,700,185.57 21/08/2017 597 METROPOLITAN LIFE INS NIG LTD SPECTRANET LIMITED DEATH 3,951,143.64 28/08/2017 598 METROPOLITAN LIFE INS NIG LTD OCEAN MARINE SECURITY LIMITED DEATH 6,480,000.00 27/09/2017 599 METROPOLITAN LIFE INS NIG LTD OILTEST WELL SERVICES LIMITED DEATH 18,333,291.00 03/10/2017 600 METROPOLITAN LIFE INS NIG LTD DANGOTE EXPATRIATES DEATH 29,970,000.00 10/10/2017 601 METROPOLITAN LIFE INS NIG LTD OFFSHORE PERSONNEL SERVICES LIMITED DEATH 18,611,100.00 02/11/2017 602 METROPOLITAN LIFE INS NIG LTD CEMENT COMPANY OF NORTHERN NIGERIA PLC DEATH 4,118,019.68 02/11/2017 603 METROPOLITAN LIFE INS NIG LTD CEMENT COMPANY OF NORTHERN NIGERIA PLC DEATH 3,874,668.07 02/11/2017 604 METROPOLITAN LIFE INS NIG LTD NIGERIAN NATIONAL PETROLEUM CORP DEATH 6,933,854.76 16/11/2017 605 METROPOLITAN LIFE INS NIG LTD NIGERIAN NATIONAL PETROLEUM CORP DEATH 5,933,447.07 16/11/2017 606 METROPOLITAN LIFE INS NIG LTD NIGERIAN NATIONAL PETROLEUM CORP DEATH 3,892,965.51 16/11/2017 607 METROPOLITAN LIFE INS NIG LTD NIGERIAN NATIONAL PETROLEUM CORP DEATH 3,658,972.20 16/11/2017 608 METROPOLITAN LIFE INS NIG LTD NIGERIAN NATIONAL PETROLEUM CORP DEATH 3,546,301.56 16/11/2017 609 METROPOLITAN LIFE INS NIG LTD ASHAKA CEMENT PLC DEATH 7,586,271.07 20/11/2017 610 METROPOLITAN LIFE INS NIG LTD UNITED PARCEL SERVICES DEATH 7,041,594.24 22/11/2017 611 METROPOLITAN LIFE INS NIG LTD UBA PLC DEATH 16,795,795.00 04/12/2017 612 METROPOLITAN LIFE INS NIG LTD ASHAKA CEMENT PLC DEATH 4,689,677.55 04/12/2017 613 METROPOLITAN LIFE INS NIG LTD NIGERIAN URBAN REPRODUCTIVE HEALTH INITIATIVE DEATH 3,614,292.00 19/12/2017 614 METROPOLITAN LIFE INS NIG LTD UNITED PARCEL SERVICES DEATH 3,575,756.16 20/12/2017 615 METROPOLITAN LIFE INS NIG LTD KADUNA STATE GOVERNMENT DEATH 5,827,955.76 20-APRL-17 616 METROPOLITAN LIFE INS NIG LTD BONNY UTILITY COMPANY LIMITED DEATH 4,159,152.00 20-APRL-17 617 METROPOLITAN LIFE INS NIG LTD DORMAN LONG ENGINEERING LTD DEATH 4,213,440.00 20-APRL-17 618 OLD MUTUAL NIG LIFE ASS CO LTD ECOBANK NIGERIA LTD DEATH 36,400,286.66 25/08/2017 619 OLD MUTUAL NIG LIFE ASS CO LTD ECOWAS GROUP (AIICO_GLA) DEATH 4,622,782.26 25/07/2017 620 OLD MUTUAL NIG LIFE ASS CO LTD LEVANT CONSTRUCTION LIMITED DEATH 4,003,968.93 25/07/2017 621 OLD MUTUAL NIG LIFE ASS CO LTD MOBIL PRODUCING NIGERIA UNLIMITED & SUBSIDIARY DEATH 10,000,000.00 31/10/2017 622 OLD MUTUAL NIG LIFE ASS CO LTD DEPARTMENT OF STATE SERVICE CLAIMS RESERVE DEATH 8,846,792.55 31/10/2017 623 OLD MUTUAL NIG LIFE ASS CO LTD MOBIL PRODUCING NIGERIA UNLIMITED & SUBSIDIARY DEATH 10,000,000.00 31/10/2017 624 OLD MUTUAL NIG LIFE ASS CO LTD NATIONAL PENSION COMMISSION DEATH 5,872,453.86 23/11/2017 625 OLD MUTUAL NIG LIFE ASS CO LTD FESTO AUTOMATION LIMITED DEATH 5,400,000.00 19/09/2017 626 OLD MUTUAL NIG LIFE ASS CO LTD ARMED FORCES DEATH 4,061,265.60 18/05/2017 627 OLD MUTUAL NIG LIFE ASS CO LTD ARMED FORCES DEATH 4,061,265.60 18/05/2017 628 OLD MUTUAL NIG LIFE ASS CO LTD ARMED FORCES DEATH 8,307,860.40 18/05/2017 629 OLD MUTUAL NIG LIFE ASS CO LTD STOCKGAP FUELS LIMITED DEATH 5,760,000.00 28/03/2017 630 OLD MUTUAL NIG LIFE ASS CO LTD INTERNATIONAL TOBACCO CO. PLC DEATH 9,025,632.00 20/07/2017 631 OLD MUTUAL NIG LIFE ASS CO LTD ECOBANK NIGERIA LTD DEATH 8,755,264.45 04/05/2017 632 OLD MUTUAL NIG LIFE ASS CO LTD DANGOTE CEMENT PLANT EXPATRATE DEATH 6,642,000.00 24/04/2017 633 OLD MUTUAL NIG LIFE ASS CO LTD THE TOURIST COMPANY OF NIGERIA DEATH 4,662,104.40 10/10/2017 634 OLD MUTUAL NIG LIFE ASS CO LTD DANGOTE PASTA DEATH 4,743,711.74 23/05/2017 635 OLD MUTUAL NIG LIFE ASS CO LTD NNPC DEATH 4,277,658.20 11/12/2017 636 OLD MUTUAL NIG LIFE ASS CO LTD ECOBANK NIGERIA LTD DEATH 8,755,264.45 17/02/2017 637 OLD MUTUAL NIG LIFE ASS CO LTD LEVANT CONSTRUCTION LIMITED DEATH 5,917,536.32 26/01/2017 638 OLD MUTUAL NIG LIFE ASS CO LTD NIGERIA LIQUIDFIED NATURAL GAS DEATH 3,986,411.01 18/01/2017 639 OLD MUTUAL NIG LIFE ASS CO LTD ASSENE LABOREX DEATH 10,027,620.00 01/03/2017 640 OLD MUTUAL NIG LIFE ASS CO LTD ECOBANK NIGERIA LTD DEATH 8,952,381.18 24/08/2017 641 OLD MUTUAL NIG LIFE ASS CO LTD HEALTH COMMUNICATION CAPACITY COLLABORATIVE DEATH 3,791,250.60 05/06/2017 642 OLD MUTUAL NIG LIFE ASS CO LTD PETROLEUM EQUILIZATION FUND DEATH 5,931,163.23 18/12/2017 643 OLD MUTUAL NIG LIFE ASS CO LTD BENUE INVESTMENT & PROPERTY CO. DEATH 4,570,212.49 15/02/2017 644 OLD MUTUAL NIG LIFE ASS CO LTD ECOBANK NIGERIA LTD DEATH 8,755,264.45 17/02/2017 645 OLD MUTUAL NIG LIFE ASS CO LTD ECOBANK NIGERIA LTD DEATH 4,922,820.01 25/08/2017 646 OLD MUTUAL NIG LIFE ASS CO LTD RENMONEY MFB LIMITED DEATH 5,047,806.00 16/06/2017 647 OLD MUTUAL NIG LIFE ASS CO LTD ECOBANK NIGERIA LTD DEATH 13,205,552.20 30/05/2017 648 OLD MUTUAL NIG LIFE ASS CO LTD INDEPENDENT NATIONAL ELECTORAL COMMISSION HEADQUATERS DEATH 8,700,519.00 19/10/2017 649 OLD MUTUAL NIG LIFE ASS CO LTD NIGERIA AGIP OIL COMPANY DEATH 6,478,243.20 10/02/2017 650 OLD MUTUAL NIG LIFE ASS CO LTD NIGERIA AGIP OIL COMPANY DEATH 3,672,120.00 14/11/2017 Nigeria Insurance Digest 2017 179

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

651 PRUDENTIAL ZENITH LIFE INS LTD ZL/00200/2011/GL/ABJ DEATH 5,176,585.98 13/06/2017 652 PRUDENTIAL ZENITH LIFE INS LTD ZL/00762/2016/GL/LA DEATH 4,572,000.00 09/03/2017 653 PRUDENTIAL ZENITH LIFE INS LTD ZL/00674/2016/GL/UYO DEATH 4,500,935.94 07/11/2017 654 PRUDENTIAL ZENITH LIFE INS LTD ZL/00005/08/GL/ABJ DEATH 9,678,306.91 30/03/2017 655 PRUDENTIAL ZENITH LIFE INS LTD ZL/00015/08/GL/ABJ DEATH 14,394,302.06 26/09/2017 656 PRUDENTIAL ZENITH LIFE INS LTD ZL/0015/08/GL/ABJ DEATH 10,021,381.43 27/12/2017 657 PRUDENTIAL ZENITH LIFE INS LTD ZL/00327/2013/GL/LA DEATH 68,760,116.27 14/06/2017 658 PRUDENTIAL ZENITH LIFE INS LTD ZL/00327/2013/GL/LA DEATH 71,427,716.25 17/10/2017 659 PRUDENTIAL ZENITH LIFE INS LTD ZL/00327/2013/GL/LA DEATH 161,349,318.75 26/10/2017 660 PRUDENTIAL ZENITH LIFE INS LTD ZL/00329/2013/GL/LA DEATH 3,926,117.31 08/02/2017 661 PRUDENTIAL ZENITH LIFE INS LTD ZL/00329/2013/GL/LA DEATH 3,533,505.54 09/03/2017 662 PRUDENTIAL ZENITH LIFE INS LTD ZL/00346/2013/GL/ABJ DEATH 26,339,680.08 13/01/2017 663 PRUDENTIAL ZENITH LIFE INS LTD ZL/00346/2013/GL/ABJ DEATH 26,339,680.08 08/02/2017 664 PRUDENTIAL ZENITH LIFE INS LTD ZL/00589/2015/GL/ABJ DEATH 34,115,472.52 30/03/2017 665 PRUDENTIAL ZENITH LIFE INS LTD ZL/00589/2015/GL/AABJ DEATH 35,387,170.20 14/07/2017 666 PRUDENTIAL ZENITH LIFE INS LTD ZL/00309/2013/GL/LA DEATH 8,339,760.00 30/05/2017 667 PRUDENTIAL ZENITH LIFE INS LTD ZL/00326/2012/GL/LA DEATH 5,077,800.00 20/01/2017 668 PRUDENTIAL ZENITH LIFE INS LTD ZL/00506/2014/GL/ABJ DEATH 6,542,563.25 20/06/2017 669 PRUDENTIAL ZENITH LIFE INS LTD ZL/00305/2012/GL/ABJ DEATH 12,066,720.15 10/03/2017 670 PRUDENTIAL ZENITH LIFE INS LTD ZL/00304/2012/GL/ABJ DEATH 13,706,378.07 16/01/2017 671 PRUDENTIAL ZENITH LIFE INS LTD ZL/00304/2012/GLABJ DEATH 9,735,338.86 28/04/2017 672 PRUDENTIAL ZENITH LIFE INS LTD ZL/00505/2014/GL'ABJ DEATH 4,208,304.56 12/05/2017 673 PRUDENTIAL ZENITH LIFE INS LTD ZL/00060/08/GL/LA DEATH 28,845,734.73 15/11/2017 674 PRUDENTIAL ZENITH LIFE INS LTD ZL/00344/2013/GL/PH DEATH 9,608,868.00 09/10/2017 675 PRUDENTIAL ZENITH LIFE INS LTD ZL/00344/2013/GL/PH DEATH 12,894,552.00 03/05/2017 676 PRUDENTIAL ZENITH LIFE INS LTD ZL/00544/2015/CE/PH DEATH 8,912,500.00 01/08/2017 677 PRUDENTIAL ZENITH LIFE INS LTD ZL/00526/2015/GL/LA DEATH 4,695,915.09 07/02/2017 678 PRUDENTIAL ZENITH LIFE INS LTD ZL/00255/2011/GL/LA DEATH 12,096,695.47 14/02/2017 679 PRUDENTIAL ZENITH LIFE INS LTD ZL/00222/2011/GL/ABJ DEATH 10,366,324.00 20/01/2017 680 PRUDENTIAL ZENITH LIFE INS LTD ZL/00222/2011/GL/ABJ DEATH 10,295,285.20 24/02/2017 681 PRUDENTIAL ZENITH LIFE INS LTD ZL/00585/2015/GL/LA DEATH 5,003,875.25 11/07/2017 682 PRUDENTIAL ZENITH LIFE INS LTD ZL/00585/2015/GL/LA DEATH 5,044,717.83 11/07/2017 683 PRUDENTIAL ZENITH LIFE INS LTD ZL/00585/2015/GL/LA DEATH 4,254,710.25 07/11/2017 684 PRUDENTIAL ZENITH LIFE INS LTD ZL/00294/2012/GL/LA DEATH 4,562,579.53 28/08/2017 685 PRUDENTIAL ZENITH LIFE INS LTD ZL/00294/2012/GL/LA DEATH 5,602,670.69 28/08/2017 686 PRUDENTIAL ZENITH LIFE INS LTD ZL/00222/2011/GL/ABJ DEATH 9,009,226.80 17/08/2017 687 PRUDENTIAL ZENITH LIFE INS LTD ZL/00585/2015/GL/LA DEATH 4,343,971.65 30/03/2017 688 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 61,616,651.27 08/02/2017 689 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 86,417,446.50 08/02/2017 690 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 12,460,694.40 08/02/2017 691 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 36,972,051.26 08/02/2017 692 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 45,442,958.58 08/02/2017 693 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 62,011,545.30 24/03/2017 694 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 75,205,217.97 24/03/2017 695 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 65,273,284.17 24/03/2017 696 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 60,625,153.04 24/03/2017 697 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 30,479,565.69 30/03/2017 698 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 41,687,618.76 30/03/2017 699 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 45,676,472.00 30/03/2017 700 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 43,147,211.76 30/03/2017 701 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 56,180,520.00 30/03/2017 702 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 6,695,881.29 13/06/2017 703 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 8,183,760.75 13/06/2017 704 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 5,067,357.30 29/06/2017 705 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 7,862,817.24 29/06/2017 706 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 8,513,372.10 11/07/2017 707 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 11,856,851.25 11/07/2017 708 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 5,013,559.44 25/07/2017 709 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 9,813,235.59 25/07/2017 710 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 8,040,339.99 29/08/2017

Nigeria Insurance Digest 2017 181

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

711 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 5,498,377.38 29/08/2017 712 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 12,364,159.59 31/08/2017 713 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 5,158,094.49 15/09/2017 714 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 6,322,726.80 15/09/2017 715 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 39,463,208.73 22/09/2017 716 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 9,613,024.38 22/09/2017 717 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 56,661,637.86 22/09/2017 718 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 39,659,183.28 22/09/2017 719 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 30,085,525.49 22/09/2017 720 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 46,777,670.64 22/09/2017 721 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 66,257,887.68 22/09/2017 722 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 39,842,898.26 22/09/2017 723 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 34,931,167.88 22/09/2017 724 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 74,340,163.53 22/09/2017 725 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 10,481,569.84 29/09/2017 726 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 7,053,364.71 12/10/2017 727 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 8,631,428.05 30/10/2017 728 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 4,045,179.24 30/10/2017 729 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 6,361,635.08 06/11/2017 730 PRUDENTIAL ZENITH LIFE INS LTD ZL/0003/08/GL/ABJ DEATH 11,247,524.65 06/11/2017 731 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 8,924,444.87 16/11/2017 732 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 5,736,486.02 16/11/2017 733 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 5,780,824.40 29/11/2017 734 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 6,149,174.00 29/11/2017 735 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 10,107,312.83 27/12/2017 736 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 16,041,218.25 27/12/2017 737 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 39,742,571.90 27/12/2017 738 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 28,432,319.83 27/12/2017 739 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 12,401,151.84 27/12/2017 740 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 25,872,454.44 27/12/2017 741 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 28,913,936.69 27/12/2017 742 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 34,694,436.67 27/12/2017 743 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 59,577,866.21 27/12/2017 744 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 37,714,774.10 27/12/2017 745 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 65,401,820.57 27/12/2017 746 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 40,225,427.93 27/12/2017 747 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 36,240,318.58 27/12/2017 748 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 39,283,247.30 27/12/2017 749 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 61,470,732.96 27/12/2017 750 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 37,606,725.07 27/12/2017 751 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 99,681,910.78 27/12/2017 752 PRUDENTIAL ZENITH LIFE INS LTD ZL/00003/08/GL/ABJ DEATH 116,488,759.97 27/12/2017 753 PRUDENTIAL ZENITH LIFE INS LTD ZL/00066/08/GL/LA DEATH 5,063,220.00 12/05/2017 754 PRUDENTIAL ZENITH LIFE INS LTD ZL/350/2013/GL/LA DEATH 3,550,032.00 24/04/2017 755 PRUDENTIAL ZENITH LIFE INS LTD ZL/00339/2016/2013/G DEATH 6,251,280.13 13/12/2017 756 PRUDENTIAL ZENITH LIFE INS LTD ZL/00339/2013/GL/LA DEATH 5,922,245.58 09/03/2017 757 PRUDENTIAL ZENITH LIFE INS LTD ZL/00339/2013/GL/LA DEATH 4,675,308.93 10/03/2017 758 PRUDENTIAL ZENITH LIFE INS LTD ZL00267/2012/GL/LA DEATH 120,650,737.51 14/09/2017 759 PRUDENTIAL ZENITH LIFE INS LTD ZL/00060/08/GL/LA DEATH 3,855,060.00 29/09/2017 760 PRUDENTIAL ZENITH LIFE INS LTD ZL/00066/GL/LA DEATH 4,176,360.00 17/02/2017 761 PRUDENTIAL ZENITH LIFE INS LTD ZL/00007/07/GL/LA DEATH 19,220,703.00 21/06/2017 762 PRUDENTIAL ZENITH LIFE INS LTD ZL/00007/07/GL/LA DEATH 28,781,532.00 31/08/2017 763 PRUDENTIAL ZENITH LIFE INS LTD ZL/00007/07/GL/LA DEATH 14,733,888.00 26/10/2017 764 PRUDENTIAL ZENITH LIFE INS LTD ZL/00007/07/GL/LA DEATH 20,727,450.00 21/12/2017 765 WAPIC LIFE ASSURANCE LTD MOBIL PRODUCING NIGERIA UNLIMITED DEATH 26,664,079.26 03/03/2017 766 WAPIC LIFE ASSURANCE LTD ACCESS BANK PLC DEATH 15,300,000.00 03/08/2017 767 WAPIC LIFE ASSURANCE LTD MOBIL PRODUCING NIGERIA UNLIMITED DEATH 15,004,855.22 29/09/2017 768 WAPIC LIFE ASSURANCE LTD MOBIL PRODUCING NIGERIA UNLIMITED DEATH 13,513,104.76 29/09/2017 769 WAPIC LIFE ASSURANCE LTD NATIONAL ASSEMBLY - GTBANK PLC DEATH 13,089,641.03 17/08/2017 770 WAPIC LIFE ASSURANCE LTD NNPC DEATH 11,094,167.62 08/11/2017 182 Nigeria Insurance Digest 2017

Group Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

771 WAPIC LIFE ASSURANCE LTD NNPC DEATH 10,694,145.50 07/12/2017 772 WAPIC LIFE ASSURANCE LTD NNPC DEATH 9,493,515.31 08/11/2017 773 WAPIC LIFE ASSURANCE LTD NNPC DEATH 8,242,773.06 28/08/2017 774 WAPIC LIFE ASSURANCE LTD NNPC DEATH 7,904,567.50 23/06/2017 775 WAPIC LIFE ASSURANCE LTD NNPC DEATH 7,681,550.80 21/03/2017 776 WAPIC LIFE ASSURANCE LTD NNPC DEATH 7,498,349.77 24/10/2017 777 WAPIC LIFE ASSURANCE LTD NNPC DEATH 6,987,646.56 26/09/2017 778 WAPIC LIFE ASSURANCE LTD NNPC DEATH 6,738,208.56 17/10/2017 779 WAPIC LIFE ASSURANCE LTD NNPC DEATH 6,684,908.26 24/02/2017 780 WAPIC LIFE ASSURANCE LTD ECOWAS DEATH 6,664,817.21 26/07/2017 781 WAPIC LIFE ASSURANCE LTD NNPC DEATH 6,608,014.54 15/08/2017 782 WAPIC LIFE ASSURANCE LTD NNPC DEATH 6,542,157.06 19/06/2017 783 WAPIC LIFE ASSURANCE LTD CHEVRON NIGERIAN LIMITED DEATH 6,453,972.75 17/11/2017 784 WAPIC LIFE ASSURANCE LTD NNPC DEATH 6,228,744.82 08/11/2017 785 WAPIC LIFE ASSURANCE LTD NNPC DEATH 6,147,018.18 19/12/2017 786 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,949,629.91 17/11/2017 787 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,889,590.02 15/08/2017 788 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,854,355.52 08/11/2017 789 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,802,069.70 24/02/2017 790 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,754,285.37 24/10/2017 791 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,675,587.40 23/06/2017 792 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,674,082.50 08/11/2017 793 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,512,137.36 24/02/2017 794 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,477,035.67 10/04/2017 795 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,455,840.50 09/06/2017 796 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,388,902.49 24/02/2017 797 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,360,226.66 21/08/2017 798 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,241,878.16 19/06/2017 799 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,168,310.71 19/12/2017 800 WAPIC LIFE ASSURANCE LTD NNPC DEATH 5,036,590.03 15/08/2017 801 WAPIC LIFE ASSURANCE LTD NNPC DEATH 4,993,824.00 24/02/2017 802 WAPIC LIFE ASSURANCE LTD NNPC DEATH 4,702,243.14 10/10/2017 803 WAPIC LIFE ASSURANCE LTD NNPC DEATH 4,463,920.86 09/06/2017 804 WAPIC LIFE ASSURANCE LTD GR BUILDING & CONSTRUCTION NIG LTD DEATH 4,320,000.00 22/02/2017 805 WAPIC LIFE ASSURANCE LTD NNPC DEATH 4,241,090.05 06/11/2017 806 WAPIC LIFE ASSURANCE LTD NNPC DEATH 4,215,151.20 14/09/2017 807 WAPIC LIFE ASSURANCE LTD NNPC DEATH 4,158,015.17 15/08/2017 808 WAPIC LIFE ASSURANCE LTD NNPC DEATH 4,099,449.34 28/11/2017 809 WAPIC LIFE ASSURANCE LTD FEDERAL INLAND REVENUESERVICES DEATH 4,079,312.50 08/11/2017 810 WAPIC LIFE ASSURANCE LTD NNPC DEATH 4,060,130.84 24/02/2017 811 WAPIC LIFE ASSURANCE LTD NNPC DEATH 4,039,374.10 21/03/2017 812 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,853,882.94 20/11/2017 813 WAPIC LIFE ASSURANCE LTD NATIONAL ASSEMBLY - WEMA BANK PLC DEATH 3,838,242.07 05/12/2017 814 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,835,307.71 24/02/2017 815 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,830,993.14 08/11/2017 816 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,824,324.01 10/11/2017 817 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,785,006.85 08/11/2017 818 WAPIC LIFE ASSURANCE LTD FEDERAL MINISTRY OF WORKS AND HOUSING DEATH 3,751,973.28 02/02/2017 819 WAPIC LIFE ASSURANCE LTD FEDERAL MINISTRY OF WORKS AND HOUSING DEATH 3,751,971.12 12/02/2017 820 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,741,261.65 08/11/2017 821 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,705,566.11 24/02/2017 822 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,665,584.92 07/09/2017 823 WAPIC LIFE ASSURANCE LTD TOTAL E&P NIGERIA LIMITED DEATH 3,619,522.13 15/09/2017 824 WAPIC LIFE ASSURANCE LTD IKEJA ELECTRICITY DISTRIBUTION PLC DEATH 3,608,324.58 19/08/2017 825 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,591,883.25 08/11/2017 826 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,581,592.86 08/11/2017 827 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,541,590.96 15/08/2017 828 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,525,260.74 15/08/2017 829 WAPIC LIFE ASSURANCE LTD NNPC DEATH 3,507,840.78 15/08/2017 830 WAPIC LIFE ASSURANCE LTD ACCESS BANK CREDIT LIFE SCHEME DEATH 5,440,000.00 17/11/2017 831 WAPIC LIFE ASSURANCE LTD ASSENE LABOREX DEATH 3,596,799.77 13/04/2017 Nigeria Insurance Digest 2017 183

Individual Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

1 FBN INSURANCE LTD FIRST BANK OF NIGERIA LTD/OMOMOWO OLORUNGBONJU DEATH 7,000,000.00 31/01/2017 2 FBN INSURANCE LTD FIRST BANK OF NIGERIA LTD/ITELIMA MOSES SOYE DEATH 9,600,000.00 18/01/2017 3 FBN INSURANCE LTD FIRST BANK OF NIGERIA LTD/MUHAMMADU NDA JIBREEL DEATH 6,000,000.00 30/01/2017 4 FBN INSURANCE LTD FIRST BANK OF NIGERIA LTD/SAJO MARTINS DOGARA DEATH 5,000,000.00 21/02/2017 5 FBN INSURANCE LTD FIRST BANK OF NIGERIA LTD/SULE GARBA KUTA DEATH 8,800,000.00 03/04/2017 6 FBN INSURANCE LTD FIRST BANK OF NIGERIA LTD/YAKUBU SAMUEL JOSEPH DEATH 4,000,000.00 07/07/2017 7 FBN INSURANCE LTD FIRST BANK OF NIGERIA LTD/EME KINGSLEY CHIBUEZE DEATH 12,455,021.38 22/09/2017 8 FBN INSURANCE LTD TIMOTHY KALIO/WENDY KALIO DEATH 5,556,608.44 12/07/2017 9 FBN INSURANCE LTD AUGUSTINE OBAROLO/MABEL EMAMOKE OBAROLO DEATH 10,623,702.74 06/10/2017 10 MBA LIFE ASS CO LTD ONANUGA IBIDUNNI MATURITY 3,769,593.62 JANUARY, 2017 11 MBA LIFE ASS CO LTD OYUAGA EMETOMO UCHEFIHO MATURITY 9,823,509.01 JANUARY, 2017 12 MBA LIFE ASS CO LTD ALABI KAZEEM ISHOLA MATURITY 4,179,760.30 JANUARY, 2017 13 MBA LIFE ASS CO LTD EMENIKE ANTHONY MATURITY 5,431,631.03 JANUARY, 2017 14 MBA LIFE ASS CO LTD ITORO OLUBUNMI -THOMAS MATURITY 4,062,697.80 JANUARY, 2017 15 MBA LIFE ASS CO LTD EMEFIENNA NGOZI MATURITY 6,495,520.50 JANUARY, 2017 16 MBA LIFE ASS CO LTD ONYEMA GABRIEL MATURITY 6,497,993.58 JANUARY, 2017 17 MBA LIFE ASS CO LTD OFURUM CHIGOZIE MATURITY 6,526,806.01 JANUARY, 2017 18 MBA LIFE ASS CO LTD AYANLOWO JOHN MATURITY 4,758,531.07 JANUARY, 2017 19 MBA LIFE ASS CO LTD NWANKWO CHARITY MATURITY 5,542,527.06 JANUARY, 2017 20 MBA LIFE ASS CO LTD ALAKA ADEDAYO MATURITY 6,494,792.36 JANUARY, 2017 21 MBA LIFE ASS CO LTD NSI DANIEL MATURITY 6,486,064.12 JANUARY, 2017 22 MBA LIFE ASS CO LTD AKINYEMI OLUWASEUN ADEKUNLE MATURITY 5,401,046.12 JANUARY, 2017 23 MBA LIFE ASS CO LTD AZUAZU UCHE MATURITY 6,500,735.92 JANUARY, 2017 24 MBA LIFE ASS CO LTD EZI GLADYS MATURITY 12,972,685.54 FEBRUARY, 2017 25 MBA LIFE ASS CO LTD EMEMANKA CHINWENDU MATURITY 9,888,222.78 FEBRUARY, 2017 26 MBA LIFE ASS CO LTD NWEKE YVONE MATURITY 9,279,330.29 FEBRUARY, 2017 27 MBA LIFE ASS CO LTD NGHANA MENE MATURITY 6,610,811.00 FEBRUARY, 2017 28 MBA LIFE ASS CO LTD IBIOK EMMANUEL ITORO MATURITY 6,483,596.75 FEBRUARY, 2017 29 MBA LIFE ASS CO LTD SAMUEL UDEME UMOH MATURITY 6,215,686.62 FEBRUARY, 2017 30 MBA LIFE ASS CO LTD ODUM HELEN MATURITY 5,667,760.58 FEBRUARY, 2017 31 MBA LIFE ASS CO LTD MUDASIRU OYINAMOLA MATURITY 5,329,306.82 FEBRUARY, 2017 32 MBA LIFE ASS CO LTD ODUM HELEN MATURITY 4,838,370.80 FEBRUARY, 2017 33 MBA LIFE ASS CO LTD ADEYEMI JOSEPH MATURITY 4,751,451.35 FEBRUARY, 2017 34 MBA LIFE ASS CO LTD ODOYI NDUDI JOSHUA MATURITY 4,578,131.04 FEBRUARY, 2017 35 MBA LIFE ASS CO LTD BAYO OLAYIWOLA MATURITY 4,312,322.73 FEBRUARY, 2017 36 MBA LIFE ASS CO LTD OBIKU KEME MATURITY 4,062,627.25 MARCH, 2017 37 MBA LIFE ASS CO LTD JAFARU KAMIL MATURITY 3,980,510.88 MARCH, 2017 38 MBA LIFE ASS CO LTD AGIODE LAWRENCE MATURITY 3,933,911.32 MARCH, 2017 39 MBA LIFE ASS CO LTD IYEH IKECHUKWU MATURITY 3,564,156.15 MARCH, 2017 40 MBA LIFE ASS CO LTD ONUIGBO EMMANUEL SURRENDER 6,510,860.21 MARCH, 2017 41 MBA LIFE ASS CO LTD TOBIN JERRY SURRENDER 6,485,255.42 MARCH, 2017 42 MBA LIFE ASS CO LTD JOACHIM OSOJIE SURRENDER 4,710,288.88 MARCH, 2017 43 MBA LIFE ASS CO LTD OLATUNJI MOSES ADEBAYO SURRENDER 4,272,079.06 MARCH, 2017 44 MBA LIFE ASS CO LTD MOMODU SALIU SURRENDER 4,251,346.24 MARCH, 2017 45 MBA LIFE ASS CO LTD OLUDAYO TEMITOP SURRENDER 4,069,970.44 MARCH, 2017 46 MBA LIFE ASS CO LTD OYENOWO OLUWABUSAYO SURRENDER 3,858,898.92 MARCH, 2017 47 MBA LIFE ASS CO LTD OLADYIYE ADEOLA SURRENDER 3,855,442.50 MARCH, 2017 48 MBA LIFE ASS CO LTD OLUDAIRO AKINTUNDE SURRENDER 3,658,801.64 MARCH, 2017 49 MBA LIFE ASS CO LTD OLADIPO SEFIU SURRENDER 3,513,121.09 MARCH, 2017 50 MBA LIFE ASS CO LTD OLAITAN OLUSOLA DEATH 10,000,000.00 APRIL, 2017 51 MBA LIFE ASS CO LTD IGBEN KESENA MATURITY 6,513,872.34 APRIL, 2017 52 MBA LIFE ASS CO LTD OMOKHAYE KEN MATURITY 6,415,972.74 APRIL, 2017 53 MBA LIFE ASS CO LTD OMOKHAYE KEN MATURITY 6,404,123.96 APRIL, 2017 54 MBA LIFE ASS CO LTD UMALAKA FRANKLIN MATURITY 5,414,416.31 APRIL, 2017 55 MBA LIFE ASS CO LTD EZEKIEL HART MERCY MATURITY 5,398,561.35 APRIL, 2017 56 MBA LIFE ASS CO LTD OLOGU EMMANUEL MATURITY 4,403,321.75 APRIL, 2017 57 MBA LIFE ASS CO LTD OBASI MICHAEL MATURITY 3,878,535.63 APRIL, 2017 58 MBA LIFE ASS CO LTD SULAIMAN SHEHU MATURITY 3,502,051.80 APRIL, 2017 59 MBA LIFE ASS CO LTD EYOMA MFON PARTIAL WITHDRAWAL 7,886,316.50 APRIL, 2017 60 MBA LIFE ASS CO LTD OKPO ASUQUO SURRENDER 26,812,161.35 APRIL, 2017 184 Nigeria Insurance Digest 2017

Individual Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

61 MBA LIFE ASS CO LTD ABATAN TOLULOPE OLUWASEUN SURRENDER 9,743,530.74 APRIL, 2017 62 MBA LIFE ASS CO LTD OSIOBE MARY BIOBARAKUMO SURRENDER 6,529,303.37 APRIL, 2017 63 MBA LIFE ASS CO LTD IBITIOMIHI MICHEAL SURRENDER 6,342,310.63 APRIL, 2017 64 MBA LIFE ASS CO LTD FOLORUNSHO LATEEF SURRENDER 5,581,841.22 APRIL, 2017 65 MBA LIFE ASS CO LTD OKAFOR ANTHONY OKECHUKWU SURRENDER 5,171,335.07 APRIL, 2017 66 MBA LIFE ASS CO LTD ADESINA LUKUMAN ADEWALE SURRENDER 4,993,260.69 APRIL, 2017 67 MBA LIFE ASS CO LTD MAKINDE ADEBAYO JOSEPH SURRENDER 4,918,683.12 APRIL, 2017 68 MBA LIFE ASS CO LTD OLASOGBA YVONNE SURRENDER 4,395,002.67 APRIL, 2017 69 MBA LIFE ASS CO LTD JENYO OLUWASEYI SURRENDER 4,309,096.38 APRIL, 2017 70 MBA LIFE ASS CO LTD ISENAH BLESSING SURRENDER 4,281,094.72 APRIL, 2017 71 MBA LIFE ASS CO LTD ISENAH BLESSING SURRENDER 4,216,029.65 APRIL, 2017 72 MBA LIFE ASS CO LTD ATIGAN GODWIN SURRENDER 4,069,234.04 APRIL, 2017 73 MBA LIFE ASS CO LTD UFOT ESSIEN SURRENDER 3,786,152.13 APRIL, 2017 74 MBA LIFE ASS CO LTD AJETUNMOBI AKINWALE ADEDAPO SURRENDER 3,779,346.31 APRIL, 2017 75 MBA LIFE ASS CO LTD GABRIEL CHUKWUMAH ASHIBUOGWU MATURITY 6,480,833.90 MAY, 2017 76 MBA LIFE ASS CO LTD CHARLES-BEKE CHIDINDU MATURITY 6,470,087.57 MAY, 2017 77 MBA LIFE ASS CO LTD UBEH MICHAEL ODINAKACHI MATURITY 5,456,938.62 MAY, 2017 78 MBA LIFE ASS CO LTD TEMITOPE FUNMILAYO ADE-WAHAB MATURITY 5,153,668.07 MAY, 2017 79 MBA LIFE ASS CO LTD OJO MICHAEL AKINWALE MATURITY 4,392,221.44 MAY, 2017 80 MBA LIFE ASS CO LTD OJEWOLA ABOSEDE RACHEL MATURITY 4,214,917.51 MAY, 2017 81 MBA LIFE ASS CO LTD CHRISTIAN UGOCHUKWU NSORIBE MATURITY 3,931,559.38 MAY, 2017 82 MBA LIFE ASS CO LTD OBHAKHAN GIDEON SURRENDER 3,890,256.00 MAY, 2017 83 MBA LIFE ASS CO LTD NKWONTA ELDRED MATURITY 9,681,046.12 JUNE, 2017 84 MBA LIFE ASS CO LTD AKINSOLA JOSIAH OYEWUMI MATURITY 6,710,327.88 JUNE, 2017 85 MBA LIFE ASS CO LTD EMUOPHEDARO SUNDAY OGHENERO MATURITY 6,513,511.38 JUNE, 2017 86 MBA LIFE ASS CO LTD ADELUSI OLUSOLA MATURITY 6,412,365.32 JUNE, 2017 87 MBA LIFE ASS CO LTD OBI CHINEDU MATURITY 6,251,562.62 JUNE, 2017 88 MBA LIFE ASS CO LTD ARIBA ADEKUNLE JOSEPH MATURITY 5,883,075.25 JUNE, 2017 89 MBA LIFE ASS CO LTD OMEODU EDISON MATURITY 4,154,568.76 JUNE, 2017 90 MBA LIFE ASS CO LTD ONYENEZIDE PETER MATURITY 3,379,653.38 JUNE, 2017 91 MBA LIFE ASS CO LTD WAHAB, OBA QUADIR PARTIAL WITHDRAWAL 6,011,227.27 JUNE, 2017 92 MBA LIFE ASS CO LTD DASIMAKA MINAYO SURRENDER 6,315,820.47 JUNE, 2017 93 MBA LIFE ASS CO LTD LATUNDE OLUMUYIWA SURRENDER 5,563,724.75 JUNE, 2017 94 MBA LIFE ASS CO LTD ORANETO EMMANUEL SURRENDER 4,722,428.12 JUNE, 2017 95 MBA LIFE ASS CO LTD MALIKI MAMUD SURRENDER 4,121,068.75 JUNE, 2017 96 MBA LIFE ASS CO LTD AYENI JAMES SUNDAY SURRENDER 4,104,192.25 JUNE, 2017 97 MBA LIFE ASS CO LTD KEHINDE BABTUNDE DAVID SURRENDER 3,816,399.47 JUNE, 2017 98 MBA LIFE ASS CO LTD FAYINTO ISAIAH SUNDAY SURRENDER 3,506,188.33 JUNE, 2017 99 MBA LIFE ASS CO LTD ANIEKWENA ANTHONY MATURITY 11,116,919.53 JULY, 2017 100 MBA LIFE ASS CO LTD EFO NDIFREKE TOM MATURITY 9,824,964.50 JULY, 2017 101 MBA LIFE ASS CO LTD ASOGWA STELLARITA MATURITY 9,475,815.81 JULY, 2017 102 MBA LIFE ASS CO LTD OWOLABI KAYODE BABALOLA MATURITY 9,347,621.15 JULY, 2017 103 MBA LIFE ASS CO LTD ONAGHESE ELVIS OSA MATURITY 7,193,435.26 JULY, 2017 104 MBA LIFE ASS CO LTD NWABUKO EMMANUEL AKWALI MATURITY 6,734,199.00 JULY, 2017 105 MBA LIFE ASS CO LTD PETER BAKWENYE MATURITY 6,521,783.00 JULY, 2017 106 MBA LIFE ASS CO LTD ADEMOWO OLURANTI MATURITY 6,502,664.12 JULY, 2017 107 MBA LIFE ASS CO LTD AKPAN PAUL EMEM MATURITY 6,498,972.92 JULY, 2017 108 MBA LIFE ASS CO LTD JOB BARNABAS HEZEKIAH MATURITY 5,712,176.77 JULY, 2017 109 MBA LIFE ASS CO LTD IWUANORUO DONATUS MMADUABUCHUKWU MATURITY 5,627,082.95 JULY, 2017 110 MBA LIFE ASS CO LTD CHINEDU-ANOCHINONYE NNEOMA MATURITY 5,293,083.38 JULY, 2017 111 MBA LIFE ASS CO LTD KAJOGBOLA MICHAEL MATURITY 4,856,359.38 JULY, 2017 112 MBA LIFE ASS CO LTD OHAGWA INNOCENT CHINYERE SURRENDER 4,402,873.51 JULY, 2017 113 MBA LIFE ASS CO LTD UGBAH FAITH SURRENDER 4,325,301.56 JULY, 2017 114 MBA LIFE ASS CO LTD OJERINOLA ADEYEMI OLAKUNLE SURRENDER 3,981,008.78 JULY, 2017 115 MBA LIFE ASS CO LTD AGHA EME SURRENDER 3,835,968.88 JULY, 2017 116 MBA LIFE ASS CO LTD FAYINTO ISAIAH SUNDAY SURRENDER 3,709,786.81 JULY, 2017 117 MBA LIFE ASS CO LTD ADEBOLA ADAMS SURRENDER 3,568,409.05 JULY, 2017 118 MBA LIFE ASS CO LTD IDUMA ROBERT EGWU SURRENDER 3,500,000.00 JULY, 2017 119 MBA LIFE ASS CO LTD OMOLOLU OLUFEMI MOTUNOLANI MATURITY 9,258,409.91 AUGUST, 2017 120 MBA LIFE ASS CO LTD ONAGHISE OSA ELVIS MATURITY 7,176,783.75 AUGUST, 2017 Nigeria Insurance Digest 2017 185

Individual Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

121 MBA LIFE ASS CO LTD NWABUKO PATRICIA AMARACHI MATURITY 6,734,199.00 AUGUST, 2017 122 MBA LIFE ASS CO LTD DOSUNMU JOHN KAYODE MATURITY 6,489,919.62 AUGUST, 2017 123 MBA LIFE ASS CO LTD OLAJIDE ISAAC MATURITY 6,409,912.50 AUGUST, 2017 124 MBA LIFE ASS CO LTD OVUERAYE DIAMOND OVOTU MATURITY 6,398,098.98 AUGUST, 2017 125 MBA LIFE ASS CO LTD LAFIAJI SEGUN MUYIWA MATURITY 6,319,194.56 AUGUST, 2017 126 MBA LIFE ASS CO LTD OLARIBIGBE SAHEED MATURITY 6,227,666.62 AUGUST, 2017 127 MBA LIFE ASS CO LTD OLUSEGUN-JODEPH DANIEL AKINSANYA MATURITY 4,013,483.38 AUGUST, 2017 128 MBA LIFE ASS CO LTD DOSUNMU AYODELE FALADE MATURITY 3,921,820.41 AUGUST, 2017 129 MBA LIFE ASS CO LTD KEHINDE ADEDAPO MAKINDE MATURITY 3,879,929.98 AUGUST, 2017 130 MBA LIFE ASS CO LTD ONYEACHOLEM NKECHI MARIA MATURITY 3,877,477.19 AUGUST, 2017 131 MBA LIFE ASS CO LTD OMOAKA MARY MATURITY 3,859,823.00 AUGUST, 2017 132 MBA LIFE ASS CO LTD AKEREJOLA ADESANAY DEATH 5,000,000.00 AUGUST, 2017 133 MBA LIFE ASS CO LTD ARANMOLAFE OLUFOLAWE OLASUMBO MATURITY 6,605,187.88 AUGUST, 2017 134 MBA LIFE ASS CO LTD EBERE THANKGOD ANOSIKE MATURITY 4,277,206.16 AUGUST, 2017 135 MBA LIFE ASS CO LTD OBASI EMMANUEL FRANCIS MATURITY 4,224,915.19 AUGUST, 2017 136 MBA LIFE ASS CO LTD OMONIYI JOEL OLUWAROTIMI MATURITY 12,989,256.61 AUGUST, 2017 137 MBA LIFE ASS CO LTD UBASINACHI CHIGOZIE MATURITY 6,132,988.62 AUGUST, 2017 138 MBA LIFE ASS CO LTD OLUFAWO MABEL IDAYAT MATURITY 5,070,486.50 AUGUST, 2017 139 MBA LIFE ASS CO LTD ORAZOLIKE OBIORA SOMGOLIE MATURITY 6,296,947.09 AUGUST, 2017 140 MBA LIFE ASS CO LTD GARBA ADAMU MATURITY 6,485,000.88 AUGUST, 2017 141 MBA LIFE ASS CO LTD OSEJI, HUMPHEREY IJOMOH PARTIAL WITHDRAWAL 3,000,000.00 AUGUST, 2017 142 MBA LIFE ASS CO LTD OLAYINKA BABATUNDE M PARTIAL WITHDRAWAL 6,952,008.26 AUGUST, 2017 143 MBA LIFE ASS CO LTD GEORGE-ODUM AUGUSTA NWABUNWANNE SURRENDER 5,128,145.50 AUGUST, 2017 144 MBA LIFE ASS CO LTD UDECHUKWU ADAORIE FELICIA SURRENDER 4,130,689.06 AUGUST, 2017 145 MBA LIFE ASS CO LTD OMOREGIE, ESOHE SURRENDER 3,777,051.91 AUGUST, 2017 146 MBA LIFE ASS CO LTD JOHNBULL OBIRABOYE SURRENDER 3,587,991.71 AUGUST, 2017 147 MBA LIFE ASS CO LTD AJEROH OBINNA UKWENGA SURRENDER 5,881,427.06 AUGUST, 2017 148 MBA LIFE ASS CO LTD LEO-OLAGBAIYE PAULETTE OBRUCHE SURRENDER 6,022,083.56 AUGUST, 2017 149 MBA LIFE ASS CO LTD LASISI ADELEKE MUSIBAU SURRENDER 5,253,040.00 AUGUST, 2017 150 MBA LIFE ASS CO LTD MOSERI ANTHONY SURRENDER 3,567,024.50 AUGUST, 2017 151 MBA LIFE ASS CO LTD ADEYOMOYE ADEKUNLE AYOKUNLE SURRENDER 3,553,574.81 AUGUST, 2017 152 MBA LIFE ASS CO LTD DAYO-AYANDOKUN ENITAN O SURRENDER 5,145,225.56 AUGUST, 2017 153 MBA LIFE ASS CO LTD UANSERU GREGORY FRIDAY SURRENDER 4,125,894.50 AUGUST, 2017 154 MBA LIFE ASS CO LTD NNOKA JULIET OGECHUKWU DEATH 5,000,000.00 SEPTEMBER, 2017 155 MBA LIFE ASS CO LTD ODEYEMI GRACE IYABO MATURITY 3,578,224.50 SEPTEMBER, 2017 156 MBA LIFE ASS CO LTD NWAEZE PATIENCE AWELE MATURITY 5,454,693.56 SEPTEMBER, 2017 157 MBA LIFE ASS CO LTD OGUNFEIBO OLADIPUPO ADEDAMOLA MATURITY 6,005,686.95 SEPTEMBER, 2017 158 MBA LIFE ASS CO LTD ORESANYA IDOWU OKHOMARUYI MATURITY 4,531,127.44 SEPTEMBER, 2017 159 MBA LIFE ASS CO LTD GBOTOSO ISAAC SURRENDER 5,339,039.00 SEPTEMBER, 2017 160 MBA LIFE ASS CO LTD ADEGBIJI OLUGBENGA BAYOWA SURRENDER 3,817,581.69 SEPTEMBER, 2017 161 MBA LIFE ASS CO LTD TITUS VERONICA BOSEDE SURRENDER 4,207,939.25 OCTOBER, 2017 162 MBA LIFE ASS CO LTD OSATUYI MIKE OLUSEGUN SURRENDER 4,105,773.13 OCTOBER, 2017 163 MBA LIFE ASS CO LTD ASINYETOGHA HILKIAH IGONI SURRENDER 6,146,846.94 OCTOBER, 2017 164 MBA LIFE ASS CO LTD ALUMONA HENRY OSSAI SURRENDER 3,703,698.40 OCTOBER, 2017 165 MBA LIFE ASS CO LTD EKE CHINEDUM MATURITY 9,126,710.53 OCTOBER, 2017 166 MBA LIFE ASS CO LTD ABDUL RASHEED ADEKUNLE MATURITY 6,368,414.00 OCTOBER, 2017 167 MBA LIFE ASS CO LTD KAYODE ANNE OJONUGWA MATURITY 9,784,523.29 OCTOBER, 2017 168 MBA LIFE ASS CO LTD TIJANI OLUSOLA KAMORUDEEN MATURITY 4,355,891.06 OCTOBER, 2017 169 MBA LIFE ASS CO LTD AHMED FOLASHADE JUMOKE MATURITY 6,498,785.38 OCTOBER, 2017 170 MBA LIFE ASS CO LTD OKE AUGUSTUS MATURITY 3,587,432.12 OCTOBER, 2017 171 MBA LIFE ASS CO LTD ANELE STEPHEN NZELAW MATURITY 6,376,838.31 OCTOBER, 2017 172 MBA LIFE ASS CO LTD AKHAZE AGBANI MATURITY 6,662,896.25 OCTOBER, 2017 173 MBA LIFE ASS CO LTD AHAOTU ANTHONY ANAYO SURRENDER 3,991,082.64 OCTOBER, 2017 174 MBA LIFE ASS CO LTD OREKOYA FEMI SURRENDER 27,611,058.89 OCTOBER, 2017 175 MBA LIFE ASS CO LTD INIABERE ABIYE SURRENDER 6,484,282.62 OCTOBER, 2017 176 MBA LIFE ASS CO LTD OWOLABI KAYODE SURRENDER 8,887,857.44 OCTOBER, 2017 177 MBA LIFE ASS CO LTD HENRIETTA KADIRI SURRENDER 3,822,967.88 OCTOBER, 2017 178 MBA LIFE ASS CO LTD ENABULELE JOLLY EGBE SURRENDER 4,025,392.31 OCTOBER, 2017 179 MBA LIFE ASS CO LTD BALOGUN ABDULFATAI SURRENDER 3,663,425.22 OCTOBER, 2017 180 MBA LIFE ASS CO LTD OMERE HELEN ARITESHOMA MATURITY 6,487,129.07 NOVEMBER, 2017 186 Nigeria Insurance Digest 2017

Individual Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

181 MBA LIFE ASS CO LTD OJOMO OLUWATOSIN TEMITAYO MATURITY 6,536,853.38 NOVEMBER, 2017 182 MBA LIFE ASS CO LTD ODEYEYIWA KAZEEM MATURITY 4,248,950.56 NOVEMBER, 2017 183 MBA LIFE ASS CO LTD OLAJUWON OLAYINKA MATURITY 6,029,172.59 NOVEMBER, 2017 184 MBA LIFE ASS CO LTD LAWAL ISIOMA RITA MATURITY 7,035,287.38 NOVEMBER, 2017 185 MBA LIFE ASS CO LTD OLURIMISI SIKIRU MATURITY 4,916,395.44 NOVEMBER, 2017 186 MBA LIFE ASS CO LTD DEBAYO-DOHERTHY,OLAORE IBIDAPO PARTIAL 5,000,000.00 NOVEMBER, 2017 187 MBA LIFE ASS CO LTD ONYI CHIKWENDU SURRENDER 6,267,612.75 NOVEMBER, 2017 188 MBA LIFE ASS CO LTD SHONIBARE KAMALDEEN SURRENDER 18,869,947.75 NOVEMBER, 2017 189 MBA LIFE ASS CO LTD OKHIRIA SUNDAY SURRENDER 5,556,751.75 NOVEMBER, 2017 190 MBA LIFE ASS CO LTD ANEKE HAROLD NEBECHUKWU SURRENDER 3,565,655.34 NOVEMBER, 2017 191 MBA LIFE ASS CO LTD ONOFEGHARA CALAB SURRENDER 4,770,200.44 NOVEMBER, 2017 192 MBA LIFE ASS CO LTD NNADI ETHELBERT I SURRENDER 3648213.12 NOVEMBER, 2017 193 MBA LIFE ASS CO LTD FALANA OLUSEGUN SURRENDER 6,240,741.25 NOVEMBER, 2017 194 MBA LIFE ASS CO LTD OLUWATOSIN TOSIN SURRENDER 4,095,209.78 NOVEMBER, 2017 195 MBA LIFE ASS CO LTD ALAETO NJIDEKA SARAH DEATH 3,000,000.00 DECEMBER, 2017 196 MBA LIFE ASS CO LTD EZE, NONYELUM LINA MATURITY 3,612,095.06 DECEMBER, 2017 197 MBA LIFE ASS CO LTD ODENIYI IFEDAYO ADEOLA MATURITY 3,911,532.12 DECEMBER, 2017 198 MBA LIFE ASS CO LTD ABIFARIN OLORUNTOBA DAVE MATURITY 6,505,278.75 DECEMBER, 2017 199 MBA LIFE ASS CO LTD MBEAHURU CHUKWUEMEKA MATURITY 6,170,564.88 DECEMBER, 2017 200 MBA LIFE ASS CO LTD AFOLABI FOLORUNSHO MATURITY 9,479,696.00 DECEMBER, 2017 201 MBA LIFE ASS CO LTD AFOLAYAN JOEL TOBI MATURITY 4,483,571.40 DECEMBER, 2017 202 MBA LIFE ASS CO LTD AJEKIGBE AYOOLA JOHN SURRENDER 4,265,696.75 DECEMBER, 2017 203 MBA LIFE ASS CO LTD NWANGBOJE UCHE SUNDAY SURRENDER 4,258,571.75 DECEMBER, 2017 204 MBA LIFE ASS CO LTD UDEH MARTIN SURRENDER 6,495,688.00 DECEMBER, 2017 205 MBA LIFE ASS CO LTD GBEMISOLA HASSAN SURRENDER 4,795,808.19 DECEMBER, 2017 206 MBA LIFE ASS CO LTD OKEWOLE OLADAPO SURRENDER 3,856,973.13 DECEMBER, 2017 207 MBA LIFE ASS CO LTD UZOKWE MARIO ONYEKA SURRENDER 3,751,308.88 DECEMBER, 2017 208 MBA LIFE ASS CO LTD TITUS AYODEJI SURRENDER 3,575,651.75 DECEMBER, 2017 209 MBA LIFE ASS CO LTD PETERS S.O EMUZE PARTIAL 4,468,408.09 DECEMBER, 2017 210 MBA LIFE ASS CO LTD OJOWURO OLUWAFEMI E PARTILA 3,720,734.81 DECEMBER, 2017 211 MBA LIFE ASS CO LTD ETARERI ONORIODE MATURITY 5,233,896.02 JANUARY, 2017 212 MBA LIFE ASS CO LTD ALAKA ADEDAYO MATURITY 5,289,223.63 JANUARY, 2017 213 MBA LIFE ASS CO LTD AKANO CHINATU PART WITHDRAWAL 11,780,898.68 JANUARY, 2017 214 MBA LIFE ASS CO LTD AKINREMI, TITILAYO PATRICIA PART WITHDRAWAL 4,389,784.91 FEBRUARY, 2017 215 MBA LIFE ASS CO LTD ADEPETU KUDIRAT SURRENDER 3,951,288.72 MARCH, 2017 216 MBA LIFE ASS CO LTD ADEJOLA ADEFEMI SURRENDER 4,729,718.09 MARCH, 2017 217 MBA LIFE ASS CO LTD FALADE OMOLOLA MATURITY 4,909,008.83 MARCH, 2017 218 MBA LIFE ASS CO LTD OYEDOTUN DUPE PART WITHDRAWAL 4,014,924.30 APRIL, 2017 219 MBA LIFE ASS CO LTD AMAH UCHE SURRENDER 3,748,509.24 APRIL, 2017 220 MBA LIFE ASS CO LTD SHEHU OLANREWAJU MATURITY 14,258,830.81 OCTOBER, 2017 221 MBA LIFE ASS CO LTD UBA COOPERATIVES MULTIPURPOSE SOCIETY LIMITED PART WITHDRAWAL 71,963,648.62 NOVEMBER, 2017 222 MBA LIFE ASS CO LTD MYKE GRACE MATURITY 25,111,367.00 NOVEMBER, 2017 223 MBA LIFE ASS CO LTD WACHUKU OBELE SURRENDER 4,307,851.33 NOVEMBER, 2017 224 MBA LIFE ASS CO LTD KEKE MARGARET ABIMBOLA PART WITHDRAWAL 4,193,721.14 NOVEMBER, 2017 225 MBA LIFE ASS CO LTD OLUSANYA AUGUSTINE REIS PART WITHDRAWAL 3,950,419.36 NOVEMBER, 2017 226 MBA LIFE ASS CO LTD EKPO ASUKWO ETIM MATURITY 3,697,916.42 DECEMBER, 2017 227 MBA LIFE ASS CO LTD ADELEYE ADEBIYI PART WITHDRAWAL 15,886,543.55 JANUARY, 2017 228 MBA LIFE ASS CO LTD UWECHUE PERCIVAL MATURITY 3075788.73 FEBRUARY, 2017 229 MBA LIFE ASS CO LTD ERINFOLAMI I. OLASUNKAMI SURRENDER 4,034,091.09 OCTOBER, 2017 230 MBA LIFE ASS CO LTD SOLABI TEMITOPE ONAJONWO MATURITY 6,647,674.33 NOVEMBER, 2017 231 MBA LIFE ASS CO LTD AKINGBADE JEMILI A PART WITHDRAWAL 3,950,654.08 NOVEMBER, 2017 232 MBA LIFE ASS CO LTD AKINGBADE JEMILI A PART WITHDRAWAL 5,927,273.06 NOVEMBER, 2017 233 MBA LIFE ASS CO LTD JAMES KELECHI IHEANACHO SURRENDER 4,839,880.70 NOVEMBER, 2017 234 MBA LIFE ASS CO LTD FASHOLA CHARLES OLAGOKE SURRENDER 5,315,665.540 NOVEMBER, 2017 235 MBA LIFE ASS CO LTD FASHOLA HABIBAT A PART WITHDRAWAL 8,479,200.79 DECEMBER, 2017 236 MBA LIFE ASS CO LTD JOWOSIMI TAIWO O PART WITHDRAWAL 6,154,149.51 JANUARY, 2017 237 MBA LIFE ASS CO LTD UBAH GODWIN MATURITY 5,407,982.73 SEPTEMBER, 2017 238 MBA LIFE ASS CO LTD ORJI STANLEY AMA MATURITY 3,885,922.31 DECEMBER, 2017 239 MBA LIFE ASS CO LTD ARIGUZOH CLEMENT MATURITY 4,195,013.41 DECEMBER, 2017 240 MBA LIFE ASS CO LTD OLUWAYEMISI ADEKUNLE SURRENDER 4,247,724.91 JANUARY, 2017 Nigeria Insurance Digest 2017 187

Individual Life Claims

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

241 MBA LIFE ASS CO LTD FASUA OLAWALE VICTOR MATURITY 5,242,630.64 JANUARY, 2017 242 MBA LIFE ASS CO LTD UGWU CHIDIEBERE MATURITY 3,777,611.64 JANUARY, 2017 243 MBA LIFE ASS CO LTD ADEDIRAN OLUFUNLOLA OLAITAN MATURITY 10,951,559.19 FEBRUARY, 2017 244 MBA LIFE ASS CO LTD OLUWATOSIN TOSIN AYODEJI SURRENDER 20,729,476.82 SEPTEMBER, 2017 245 MBA LIFE ASS CO LTD OREWALE OLANIPEKUN ABIODUN MATURITY 5,499,252.38 DECEMBER, 2017 246 MBA LIFE ASS CO LTD ADEBAMBO JOSEPH ADESINA MATURITY 4,522,309.69 DECEMBER, 2017 247 MBA LIFE ASS CO LTD OSHINNUGA OLUSILE MATURITY 4,324,662.87 JANUARY, 2017 248 MBA LIFE ASS CO LTD SOLANKE HEZEKIAH SURRENDER 10,185,190.41 JANUARY, 2017 249 MBA LIFE ASS CO LTD OWODUNNI GANIYU MATURITY 4,989,543.09 JANUARY, 2017 250 MBA LIFE ASS CO LTD AKINYEMI-SANYA BTTY SURRENDER 6,632,456.09 JANUARY, 2017 251 MBA LIFE ASS CO LTD JOEL ONOWAKPO MATURITY 6,633,676.69 JANUARY, 2017 252 MBA LIFE ASS CO LTD SOYOYE OLUDARE MATURITY 10,067,127.48 JANUARY, 2017 253 MBA LIFE ASS CO LTD ISENAH BLESSING SURRENDER 4,683,477.71 JANUARY, 2017 254 MBA LIFE ASS CO LTD OKEKE JOHN PARTIAL 7,000,000.00 FEBRUARY, 2017 255 MBA LIFE ASS CO LTD OLADIPUPO ADEOLA MATURITY 9,116,743.56 FEBRUARY, 2017 256 MBA LIFE ASS CO LTD AKINDIRAN OLUSEGUN MATURITY 6,092,557.30 FEBRUARY, 2017 257 MBA LIFE ASS CO LTD AJAYI ADEGBOYEGA MATURITY 5,357,637.39 FEBRUARY, 2017 258 MBA LIFE ASS CO LTD JOEL-ONOWAKPO $COMPANY MATURITY 6,629,756.81 FEBRUARY, 2017 MINISTRY OF ENVIRONMENT&PHYSICAL 259 MBA LIFE ASS CO LTD PLANNING MULTIPURPOSE CO MATURITY 4,402,343.25 SEPTEMBER, 2017 260 MBA LIFE ASS CO LTD EKE UGOCHUKWU MATURITY 3,869,596.59 OCTOBER, 2017 261 MBA LIFE ASS CO LTD FBN, UNIT MATURITY 10,075,913.16 OCTOBER, 2017 262 MBA LIFE ASS CO LTD ANYANWU BERNARD AMANZE MATURITY 5,059,124.72 SEPTEMBER, 2017 263 MBA LIFE ASS CO LTD MEGALEK NIGERIA MATURITY 7,243,975.61 OCTOBER, 2017 264 MBA LIFE ASS CO LTD ALARI ISAAC EBIPADE MATURITY 4,214,713.12 OCTOBER, 2017 265 MBA LIFE ASS CO LTD BANJO TEMITAYO OLAYINKA SURRENDER 7,574,795.85 OCTOBER, 2017 266 MBA LIFE ASS CO LTD ELOMAZ HOTELS MATURITY 3,764,930.75 NOVEMBER, 2017 267 MBA LIFE ASS CO LTD ERIC CROWTHER MATURITY 4,246,439.75 NOVEMBER, 2017 268 MBA LIFE ASS CO LTD UBA COOPERATIVES MULTIPURPOSE SOCIETY MATURITY 10,920,986.00 NOVEMBER, 2017 269 MBA LIFE ASS CO LTD ST SAVIOURS SCHOOL EBUTE-METTA MATURITY 6,306,247.00 NOVEMBER, 2017 270 MBA LIFE ASS CO LTD OGUNBAYO OLUDOLAPO OLAWALE MATURITY 4,182,960.14 NOVEMBER, 2017 271 MBA LIFE ASS CO LTD ODUSANYA ADEPEJU SIKIRAT MATURITY 5,138,127.44 NOVEMBER, 2017 272 MBA LIFE ASS CO LTD OBADARE ADEWALE SURRENDER 4,256,558.27 NOVEMBER, 2017 273 MBA LIFE ASS CO LTD FRANCIS OLALERE VICTORIA MATURITY 3,041,232.04 DECEMBER, 2017 274 CUSTODIAN LIFE ASS LTD OKOBI ASIKA EMMANUEL MATURITY 3,538,976.34 01/02/2017 275 CUSTODIAN LIFE ASS LTD ENEBELI CORNELIUS MATURITY 5,195,630.00 09/02/2017 276 CUSTODIAN LIFE ASS LTD DARE MARTINA BOLANLE MATURITY 3,563,351.98 10/02/2017 277 CUSTODIAN LIFE ASS LTD KAYODE MICHEAL OBASA MATURITY 6,108,506.22 28/07/2017 278 CUSTODIAN LIFE ASS LTD CHRISTIAN ONYEBUCHI OKERE MATURITY 7,513,572.88 22/09/2017 279 CUSTODIAN LIFE ASS LTD CHIJIOKE VICTOR UDABA MATURITY 4,613,261.48 18/08/2017 280 CUSTODIAN LIFE ASS LTD RASHEED OLAWUYI YUSUF MATURITY 3,320,162.20 17/10/2017 281 CUSTODIAN LIFE ASS LTD UGBODU PAUL IFECHUKWUDE MATURITY 3,369,555.29 10/10/2017 282 CUSTODIAN LIFE ASS LTD IBEANUKA PAUL OGOCHUKWU MATURITY 4,016,307.03 27/10/2017 283 CUSTODIAN LIFE ASS LTD REMIGIUS OBODOEZE MATURITY 9,467,286.87 18/12/2017 284 CUSTODIAN LIFE ASS LTD DR. AMADI ASSOR EMMANUEL MATURITY 5,725,995.84 20/12/2017 OLUWABIYI GRACE KEHINDE (LT OLUWABIYI 285 CUSTODIAN LIFE ASS LTD EMMANUEL POPOOLA) DEATH 3,939,618.32 12/12/2017 NIG POLICE MORTGAGE BANK PLC 286 CUSTODIAN LIFE ASS LTD (LT AGNES SYLVESTER) DEATH 3,433,556.13 13/12/2017 EMS STAFF MULTIPURPOSE COOPERATIVE SOCIETY/CREDIT LIFE CLAIM IRO BANKOLE 287 CUSTODIAN LIFE ASS LTD OLALEKAN & ODU THOMAS ADIEVO JOB LOSS LOSS OF JOB 8,178,596.76 27/11/2017 288 CAPITAL EXPRESS ASS LTD OLULANA FOLAWOLE D SURRENDER 11,859,826.24 21/06/2017 289 CAPITAL EXPRESS ASS LTD WAZIRI-ERAMEH JOSEPH MOMODU SURRENDER 6,370,548.11 12/06/2017 290 CAPITAL EXPRESS ASS LTD ALO BABAJIDE IBITAYO MATURITY 4,988,674.23 08/02/2017 291 CAPITAL EXPRESS ASS LTD IBOK ANIEDU ANIEDI SURRENDER 4,815,660.81 20/03/2017 292 CAPITAL EXPRESS ASS LTD GOMWALK GIDOEN SURRENDER 4,151,622.93 27/09/2017 293 CAPITAL EXPRESS ASS LTD FAWEHINMI PELUMI FOLARIN SURRENDER 4,014,739.58 05/07/2017 294 CAPITAL EXPRESS ASS LTD JOB BARNABAS MATURITY 3,565,497.34 28/07/2017 295 OLD MUTUAL NIG LIFE ASS NASS WEMA BANK DEATH 3,838,242.07 21/11/2017 296 OLD MUTUAL NIG LIFE ASS NASS GTB DEATH 13,089,641.03 11/08/2017 297 OLD MUTUAL NIG LIFE ASS ECOBANK PERSONAL LOAN DEATH 9,000,000.00 15/12/2017 298 OLD MUTUAL NIG LIFE ASS ECOBANK PERSONAL LOAN DEATH 4,324,167.16 18/01/2017 299 OLD MUTUAL NIG LIFE ASS ECOBANK PERSONAL LOAN DEATH 5,996,857.82 18/01/2017 300 LEADWAY ASS CO LTD ALH SANI MASHI BELLO DEATH 9,358,971.00 02/11/2017 188 Nigeria Insurance Digest 2017

Annuity

S/N COMPANY NAME OF INSURED NATURE OF LOSS AMOUNT PAID DATE PAID

1 LEADWAY ASS CO LTD MICHAEL EGHOSA AKEN'OVA DEATH 11,049,502.83 13/02/2017 2 LEADWAY ASS CO LTD EMMANUEL IDOWU AYOOLA DEATH 3,580,276.07 24/08/2017 3 LEADWAY ASS CO LTD LUKE IFEANYI NGWU DEATH 5,006,951.77 13/11/2017 4 LEADWAY ASS CO LTD CHIKO ODI OGEGE DEATH 4,082,371.40 02/08/2017 5 LEADWAY ASS CO LTD THURSDAY INGA DEATH 12,634,035.41 10/05/2017 6 LEADWAY ASS CO LTD JAMES OLUSEGUN ALABI DEATH 4,160,983.01 05/05/2017 7 LEADWAY ASS CO LTD JOYCE ONUOHA DEATH 4,511,983.89 27/04/2018 8 LEADWAY ASS CO LTD PATRICK OKEIBUNO OGBECHIE DEATH 5,684,343.58 20/10/2017 9 LEADWAY ASS CO LTD ESTHER NWAMAKA UGAH DEATH 25,009,408.24 24/05/2017 10 LEADWAY ASS CO LTD RAYMOND OBI OSONDU DEATH 4,444,478.32 12/05/2017 11 LEADWAY ASS CO LTD JAMES ODOGWU DEATH 6,652,779.12 15/05/2017 12 LEADWAY ASS CO LTD JOHNSON ADENIYI ADEGBESAN DEATH 3,912,469.40 21/07/2017 13 LEADWAY ASS CO LTD DAVID ODAFEARIERE ADU DEATH 21,884,513.05 24/10/2017 14 LEADWAY ASS CO LTD KASIMU AMONOMIE MOMODU DEATH 3,919,873.24 21/12/2017 15 LEADWAY ASS CO LTD ALHASSAN OMEIZA ISA DEATH 3,525,370.28 21/07/2017 16 LEADWAY ASS CO LTD MARY GARBA ZHIRI DEATH 4,248,448.09 21/07/2017 17 LEADWAY ASS CO LTD DAVID ODAFEARIERE ADU DEATH 4,801,680.80 24/10/2017 18 LEADWAY ASS CO LTD LANREWAJU AKANO OLADOSU DEATH 17,562,807.70 14/11/2017 19 LEADWAY ASS CO LTD ANTHONIA NGOZI EKWENUGO DEATH 4,381,266.99 13/11/2017 20 LEADWAY ASS CO LTD MICHAEL OLUWOLE AFOLABI DEATH 18,863,960.36 30/11/2017 21 LEADWAY ASS CO LTD ESTHER NWAMAKA UGAH DEATH 5,262,623.34 22/05/2017 22 LEADWAY ASS CO LTD EUNICE ADA OKPARANTA DEATH 4,659,735.18 24/11/2017 23 LEADWAY ASS CO LTD SILAS UZONDU OGU DEATH 6,561,964.82 25/05/2017 24 LEADWAY ASS CO LTD REBECCA OKON ISANGEDIOK DEATH 15,129,752.59 03/11/2017 25 LEADWAY ASS CO LTD LAWRENCE OKOMAFE DEATH 4,378,354.55 07/02/2017 26 LEADWAY ASS CO LTD STELLA CHINWE ECHEFU DEATH 3,630,632.19 09/02/2017 27 LEADWAY ASS CO LTD ABDULHAMID RAFINDADI ZAYYAD DEATH 7,611,999.40 21/02/2017 28 LEADWAY ASS CO LTD OYEWOLE SUNDAY OTOKITI DEATH 4,727,818.70 23/02/2017 29 LEADWAY ASS CO LTD EMAMURHOMU JOHN OBOH DEATH 4,526,218.92 01/03/2017 30 LEADWAY ASS CO LTD PATRICK COSMAS OSITADINMA OKAFOR DEATH 5,948,249.51 01/03/2017

190 Nigeria Insurance Digest 2017

Directory Of NIA Member Companies As At 1st January 2018 Nigeria Insurance Digest 2017 191

Directory Of NIA Members Companies As At 1st January, 2018

Tel: 09 2902010, 08176684107, 08176684115 AFRICAN ALLIANCE INSURANCE PLC rd RC-2176 4. Akure: Tisco House 3 Floor Opposite Mr. Biggs Outlet, 61, Marina, Lagos Island, Lagos Ado-Owo Road, Akure, Ondo State Telephone -08066309476, 07032294082, 08066325672, Tel: 0806442259, 08177323757 0700Afrialliance 5. Amuwo: Plot 203 Festac Link Road, AMUWO Odofin, Lagos Email [email protected] State Website - www.africanallianceplc.com Tel: 012931892, 08085840886 DATE OF INCORPORATION - 6TH MAY 1960 6. Benin: 28, Sokponba Road Benin City, Edo State. DATE OF COMMENCEMENT OF OPERATION – Tel: 08051163395, 08134051972, 07027002609 16th May, 1960 7. Calabar: Henss House, 24/26 Murtala Mohammed Way, NAME OF MANAGING DIRECTOR/CEO – Ms. FUNMI OMO Calabar, Cross Rivers State Tel: 08032194197, 08075318777 NUMBER OF BRANCHES AND ADDRESSES 8. Enugu: 55/59 Chime Avenue, Gbujas Plaza, New Haven, 1. ABA: 62, ABA/OWERRI ROAD, ABA Enugu State 2. ABUJA: 79, ADETOKUNBO ADEMOLA CRESCENT, WUSE 11, Tel; 08036660737, 09020241513, 07038143357 ABUJA 9. Ibadan: 12, Moshood Abiola Way, beside FCMB Bank, 3. ASABA: 455, NNEBISI ROAD, CITY COMPLEX PLAZA, ASABA Challenge Area Ibadan Oyo State 4. BENIN: 140, NEW LAGOS ROAD BENIN CITY Tel: 08032318925, 08028344263 5. CALABAR: PLOT 38, MCC (ANASA) ROAD CALABAR 10. IKeja: AIICO House, Plot 2 Oba Akran Avenue, OPPOSITE 6. ENUGU: 4 RIDGEWAY / STATION ROAD STATE SECRETARIAT, Dunlop, Ikeja, Lagos State. GRA, ENUGU Tel: 014602097-8, 014602218; 014602343; 08099930082 7. IBADAN: 1 ADEKUNLE FAJUYI RD, DUGBE FEDERAL 11. Ilorin: 1, New Yidi Road, Gomola Building, Ilorin Kwara State MORTGAGE BANK BUILDING IBADAN Tel: 08174613826; 08083134860; 08037997249 8. ILUPEJU: 34, ASSOCIATION AVENUE ILUPEJU, LAGOS 12. Ilupeju: AIICO House, 36/38 Ilupeju Industrial Avenue 9. AKWA: BLOCK C, MILLENIUM PLAZA BESIDE ANAMBRA Ilupeju Lagos State STATE UNIVERSITY TEACHING HOSPITAL, AKWA Tel: 08160466239, 08033158714, 08033343036, 10. KADUNA: 1st FLOOR 5D KANTA ROAD EK HOUSE KADUNA 08023048695 11 KANO: 13A, UMMA DANTALA HOUSE, MM/WAY, 13. Isolo: 203-205 Oshodi/Apapa Expressway Isolo, KANO. Lagos State 12. ONITSHA 109 UPPER NEW MARKET ROAD BY D.M.G.S Tel: 08057176063, 08023054803, 08036803169, ROUND ABOUT ONITSHA 08023090069 13. PORT – HARCOURT 245 ABA ROAD,OPP FIRST BANK BY 1ST 14. Jos: 4 Beach Road Jos Plateau State ARTILLERY JUNCTION PORT – HARCOURT Tel: 08153695455, 08083134860, 08057356726 14. UYO: 6, AKA ITIAM STREET, OFF ORON ROAD UYO 15. kaduna: Yaman Phone House, 1 Constitution Road 15. ASPAMDA: BLOCK 14 ASPAMDA TRADE FAIR COMPLEX, Opposite MTD Kaduna , Kaduna State LAGOS. Tel: 08033386968 16. IKEJA: 107, ALLEN AVENUE, IKEJA, LAGOS 16. kano: 8, Post Office Road, kano, Kano State 17. ABAKALIKI: 26, WATER WORKS ROAD, NWAGU PLAZA, Tel: 08078107938 ABAKALIKI 17. Lokoja: Suite 32, Second Floor, Lokongoma Plaza Along 18 JOS: 22, AHMADU BELLO WAY, OPP. AP FILLING STATION Okene Kaba Road, Lokongoma, Lokoja, Kogi State JOS Tel: 08023279920, 07031003095 18. Onitsha: Noclink Plaza 41, New Market Road, Opposite UBA Bank Onitsha Anambra State Tel: 07086064999, 08033750361 AIICO INSURANCE PLC 19. Owerri: 46 Wetheral Road Owerri, Imo State RC 7340 Tel: 08056033269, 07066032065 Plot PC 12, Churchgate Street, Victoria Island, Lagos Tel: 01 2792930, 0700AIIContact (07002442 6682 28) Fax No. 2617433 E - Mail: - [email protected] ANCHOR INSURANCE COMPANY LIMITED Website: - www.aiicoplc.com RC 132269 DATE OF INCORPORATION: 14-07-1970 (as AIICO) 7/13 Aka Road, Uyo, Akwa Ibom State DATE OF COMMENCEMENT OF OPERATION: - 1963 as ALICO TEL: 01-2145994, 01-8974201 NAME OF CHIEF EXECUTIVE OFFICER: - MR. Edwin .F. IGBITI FAX NO. 01- 4938694 E-mail :- [email protected] NUMBER OF BRANCHES AND ADDRESSES:- Website: www.anchorinsuranceng.com 1. Aba: 7 Factory Road, Aba, Abia State DATE OF INCORPORATION: 6th June, 1989 Tel: 08055314351, DATE OF COMMENCEMENT OF OPERATION:- 1st November, 2. Abeokuta: 46 Tinubu Street Ita Eko Abeokuta Ogun State 1989 Tel: 08174613820, 08032557071 NAME OF CHIEF EXECUTIVE OFFICER:- Mr. Ebose Austin 3. Abuja: Prime Plaza: Plot 1012, Ademola Osegha Adetokunbo Crescent, Opposite Rockview Hotel Wuse II, Wuse FCT Abuja NUMBER OF BRANCHES AND ADDRESSES: 192 Nigeria Insurance Digest 2017

Directory Of NIA Members Companies As At 1st January, 2018

1. Plot 21 Ahmed Onibudo Street, Victoria Island, Lagos. Tel: Tel: 09-8725181, 09-7800647 07027266978, 08020921594 2. IBADAN 11B, Jimoh Odutola Road, Ibadan, Oyo State. 2. 7/13 Aka Road, PMB 1151,Uyo,Akwa Ibom State - Tel: 02-2413779, 2413795, 2413677, 2413876 Tel: 085 200912, 201583, 201633 3. PORT HARCOURT 47, Trans Amadi Industrial Layout, Port 3. Akwa Ibom State Laison Office Complex Plot 816 Central Harcourt. Rivers State. Tel: 084-237512-2 Area Ahmadu Bello Way Abuja – 4. ENUGU Plot 1, Ogui Road, Enugu, Enugu State Tel: 08023391159 Tel: 042-253061, 254085, 254072, 254073 4. 112 Ogui Road Enugu - Tel: 08033314287 5. ALAUSA DN Meyer Building Plot 34, Mobolaji Johnson 5. 215, Obafemi Awolowo Way Oke Ado, Ibadan. Tel: Avenue Behind 7Up Bottling CompanyAlausa-Ikeja, 0807466111 Lagos. 6. L'Monarch Plaza 6th Floor, 65 Opebi Street, Ikeja. P.M.B Tel: 01-9502362, 08191581034, 07031161119, 08023852572 12625, Lagos 6. ONIKAN 3/5, Boyle Street, Onikan, Lagos. Tel: 01-7933485, 08033278755 Tel: 01-8426397, 01-9502363, (M): 08033969966 7. 61B Aba Road Port Harcourt Rivers State- 7. OPEBI 4th Floor, Adebola House,38, Opebi Road, Ikeja, Tel: 08023572007 Lagos. 8. 28 MCC Road Calabar-Cross River State - Tel: 08023016837 Tel: 01-8426346 9. 44 Eket/Oron Road Eket-Akwa Ibom State 8. YABA 176, Herbert Macaulay, Adekunle, Yaba, Lagos. Tel:085701514, 08023574142 Tel: 01-8426349 10. 2nd Floor, NACRDB Building, Alagbaka Road,Akure -Tel: 9. FESTAC Plot 248, Block B Amuwo-Odofin, Festac Link 0803472-6447 Road, Amuwo-Odofin, Lagos. Tel: 01–8426392 ARRM LIFE ASSURANCE PLC 10. IKOTA – LEKKI K4, Road 5 Ikota Shopping Complex Ajah, Ikota, Lagos. Tel: 07029276131 ARM LIFE ASSURANCE PLC 11. IKOTA – LEKKI K4-6 & K15-17 Road 5, Ikota Shopping RC 012 Complex Ikota, Ajah Lagos. 22, Funso Williams Avenue, Alaka, Surulere, Lagos. Tel: 07029276131 and 08190468969 Tel: +234 (1) 271 5000; 0700-CALLARM(07002255276) 12. IKORODU ROAD 177 Ikorodu Road Onipanu, Lagos. E-mail : [email protected]; [email protected] Tel: 01-6282960 ,08190563029 Website: www.armlife.com.ng 13. APAPA No. 31 Calcutta Crescent Apapa. DATE OF INCORPORATION: November, 1983 Tel: 07028440430, 08190468966 DATE OF COMMENCEMENT OF OPERATION: October, 1989 14. OGBA 18 Ijaiye Road Ogba, Ikeja, Lagos. Tel: 08190566053 NAME OF CHIEF EXECUTIVE OFFICER: MR. STEPHEN ALANGBO

NUMBER OF BRANCHES AND ADDRESSES: 1. ABUJA: Prime Plaza, Plot 1012 Adetokunbo Ademola CAPITAL EXPRESS ASSURANCE LIMITED Crescent, Wuse Zone 2, Abuja. RC 380157 2. OPEBI: 95B Opebi Road, Ikeja, Lagos. No. 13, Bishop Kale Close, Off Kasumu 3. PORT HARCOUNT: 12 Circular Road, Presidential Estate, Ekemode Street, Victoria Island, Lagos. GRA Phase 2, Port Harcourt Tel. 0700-22739277873, 08188274220, 08188274227 Fax No: 01 2660319 Email :[email protected] Website: www.capitalexpressassurance.com AXA MANSARD INSURANCE PLC DATE OF INCORPORATION: 9th May, 2000 RC 133276 DATE OF COMMENCEMENT OF OPERATION:-9th May, 2000 Santa Clara Court, Plot 1412, Ahmadu Bello Way, Victoria NAME OF CHIEF EXECUTIVE OFFICER:- Mrs. Adebola Odukale Island, Lagos Email: [email protected] NUMBER OF BRANCHES AND ADDRESSES:- Facebook: https://www.facebook.com/AXA Mansard 1. 3rd Floor, No 143,Azikiwe Road, Aba Insurance 2. 2A, Segun Osoba Way, Okelewo, Abeokuta Website: - www.axamansardinsurance.com 3. Plot 3B, Accelerated Development District, Herbert Interactive Voice Recorder (IVR): 01-2704482 Macaulay Way, Wuse, Abuja Customer Care Hotline 1: 01-4488482 4. 10, FMFL Ewaise Street, Forestry Road, Benin-City General Enquiries: 01-4485482 5. CITA House, 54, Bedwell Street, Calabar Claims Hotline: 01-8524820 & 01- 8524821 6. 4th Floor,Tisco House, Oba Adesida Road, Alagbaka, Akure Fax: 01 4613284 7. 3rd Floor, Martina Chukwuma, 2A,O'Connor Street, Asata, DATE OF INCORPORATION: JUNE 23, 1989 Enugu DATE OF COMMENCEMENT OF OPERATION: JUNE 15, 2004 8. 14, MKO Abiola Way Challenge, Ibadan NAME OF CHIEF EXECUTIVE OFFICER: Mr. Kunle Ahmed 9. 199A,Ibrahim Taiwo Road,Ilorin, Kwara State 10. 3rd Floor, Martina Chukwuma, 28/30, Bukuru Bye Pass, OFFICES & ADDRESSES: Jos, Plateau State All Guaranty Trust Bank branches, select FCMB branches, 11. 1st Floor, Wema Bank Building . Plot 22, Bida Road, Regional Offices and AXA Mansard Welcome Centres as stated Kaduna below: 12. 2nd Floor, Union Bank Building,43, Niger Street, Kano 1. ABUJA Plot 1568, Muhammodu Buhari Way, Garki, Abuja Nigeria Insurance Digest 2017 193

Directory Of NIA Members Companies As At 1st January, 2018

13. FMFL Building, 21, Shehu Laminu Way, Maiduguri CORNERSTONE INSURANCE PLC 14. 45,Railway Bye- Pass, High Level, Makurdi RC 163170 15. The Ancestors House, 57/58 Onitsha Road Nnewi Anambra 21, Water Corporation Drive, Off Ligali Ayorinde Street, State. V/I, Lagos 16. Debitosh Building, 6C, Fagbewesa Street, Osogbo st Tel: 01 2806500. Fax: 01 2806526 - 7 17. 1 Floor, Plot 5B, Okigwe Road, Opposite Govt College, Owerri E - mail :- [email protected] 18. 3rd Floor Excelsis Complex, 2, Temple Ejekwu Close, Off Aba Website : www.cornerstone.com.ng Road, Artillery Junction, Rumuigbo, Port Harcourt DATE OF INCORPORATION: 26th July, 1991 19. 5,Udotung Ubo Street,Uyo, Akwa-Ibom State DATE OF COMMENCEMENT OF OPERATION:- 26th July, 1991 20. 280, Effurun Sapele Road, Close to Edo Line, Warri, Delta NAME OF CHIEF EXECUTIVE OFFICER:- MR. GANIYU MUSA State 21. 2, Osiri Road, Behind Peach Transport Ekiti Yenagoa NUMBER OF BRANCHES AND ADDRESSES: 22. 2nd Floor, Sabru House, Right Wing, Atiku Abubakar Road, 1. Polysonic Mall (2 Floor) 42/44 Warehouse Road, Apapa, Jimeta, Yola Lagos, Lagos - Tel. 08033911435; 07028856586 2. 79, Allen Avenue (Samsung House) Ikeja, Lagos. Tel. 08023069814, 018182984 CONSOLIDATED HALLMARK INSURANCE PLCC 3. 136, Lewis Street, Lagos. Tel – 012632863, 2630722, 2631832 E PLC RC 168762 4. NM 20, Constitution Road, Kaduna - Tel. 07029234155 226, Ikorodu Road Obanikoro, Lagos. 5. 67, Aboderin Layout, Oni & Sons Area, Ring Road, Ibadan. E mail: - [email protected] Tel. 02 - 8735649 Website: - www.consolidatedhallmark.com 6. 180, Port Harcourt Aba Express Way, P/H - Tel 07029325494, Tel: +234-1-2912543 08056938454 DATE OF INCORPORATION: 2nd August, 1991 7. Plot 487, No. 70, Adetokunbo Ademola Crescent, Abuja DATE OF COMMENCEMENT OF OPERATION: - 1992 Tel. 09 87766611, 07028415541 NAME OF CHIEF EXECUTIVE OFFICER: - MR. EDDIE AGBERIA 8. Plot C 12 & 13, Race Course Road, Kano - Tel. 064 913241 EFEKOHA 9. 57, Effurun / Sapele Road, Sapele - Tel. 07029066313. 10. 59, Ekpo Archibong Street, Off MCC Road, Calabar, Cross NUMBER OF BRANCHES AND ADDRESSES:- River State 1. Victoria Island Lagos: Plot 33D, Bishop Aboyade Cole Tel:- 087-845147, 08056938454 Street,Victoria Island, Lagos. 2. Northern Regional Office: Metro Plaza Annex B Plot 991/992 Zakariya Maimalari Street, Central Business District, Abuja CUSTODIAN & ALLIED INSURANCE 3. Eastern Regional Office: 52, Emekuku Street, Amazing LIMITED Grace Plaza, D-Line, Port Harcourt, Rivers State RC 685235 4. Kaduna: N.K.9 Constitution Road, Kaduna State Custodian House 16A Commercial Avenue , Sabo , Yaba Lagos 5. Kano: 17 Zaria Road Gyadi Gyadi, kano State Tel: 01-2774000-9, 01-2793740-1, 2707204, 2707206-7 6. Aba: 4, Ezuike Road, Aba, Abia State Fax: 01 2707203 7. Onitsha: 41, New Market Road, Onitsha, Anambra State. E mail: [email protected] 8. Owerri: 5B Okigwe Road Opp Govt. College Owerri, Imo Website: www.custodianplc.com.ng 9. Enugu: 77, Ogui Road Enugu, Enugu State. DATE OF INCORPORATION: 22nd August, 1991 10. Ibadan: Navada Plaza Plot 140/142 Liberty Stadium Road DATE OF COMMENCEMENT OF OPERATION: 1st July, 1995 Off Ring Road Ibadan Oyo State NAME OF CHIEF EXECUTIVE OFFICER: MR. OLATOYE ODUNSI 11. Akure: 3rd Floor, Bank of Industry House, Alagbaka Akure, Ondo State NUMBER OF BRANCHES AND ADDRESS 12: Warri: 179 Jakpa Road, Effurun, Warri, Delta 1. Port Harcourt 180 Aba Road, Portarcourt Tel: 07085000046 2. Abuja 4 Floor, ITF Building 6, Adetokunbo Ademola Crescent CONTINENTAL REINSURANCE PLC Maitama Abuja Tel: 09-7817420 RC 73956 3. Kano 2, Bank Road Kano Tel: 064-895969 St. Nicholas House, (8th Floor) 6 Catholic Mission Street, Lagos 4. Benin 95A, 1 East Circula Road , Benin City Island, Lagos Nigeria 5. Ibadan 6 Floor, Broking House 1, Alhaji Jimoh Odutola Road, TEL : 01-4622779, 8732624 Ibadan Oyo Tel: 02-2918538 EMAIL :[email protected] 6. Akure 4 Floor, Tisco Building , Ado Owo Road , Akure WEBSITE: www. continental-re.com 7. Owerri 103, Wetheral Road Owerri Tel: 08-3431158 DATE OF INCORPORATION: July 24, 1985 8. Osogbo Jesus Court Building , 8 Isiaka Adeleke Freeway DATE OF COMMENCEMENT OF OPERATION: January, 1987 Oshogbo NAME OF CHIEF EXECUTIVE OFFICER: DR OLUFEMI OYETUNJI 9. Kaduna 3 Kanta Road, Kaduna 194 Nigeria Insurance Digest 2017

Directory Of NIA Members Companies As At 1st January, 2018

CUSTODIAN LIFE INSURANCE LIMITED FBN INSURANCE LIMITED RC 682763 RC 707564 Custodian House 16A Commercial Avenue, Sabo, Yaba Lagos 34, Marina street, Marina, Lagos Tel: 01-2707204-8 P.O Box 4140 , Marina –Lagos, Nigeria. Fax: Nil Tel: 08080479319, 07098123827 E mail: [email protected] +234 1 905 4444 and +234 1 905 4428 Website: www.custodianplc.com.ng Email: [email protected] DATE OF INCORPORATION: 26th February, 2007 Website: www.fbninsurance.com DATE OF COMMENCEMENT OF OPERATION: 28th February, 2007 TH DATE OF INCORPORATION: 6 SEPTEMBER 2007 NAME OF CHIEF EXECUTIVE OFFICER: MR. LARRY ADEMESO ST DATE OF COMMENCEMENT OF OPERATION: 1 SEPTEMBER, 2010 NUMBER OF BRANCHES AND ADDRESS NAME OF CHIEF EXECUTIVE OFFICER: MR. VALENTINEOJUMAH 1. Head Office: 16 COMMERCIAL AVENUE 2. Head Office Annex: 27 Commercial Avenue Sabo Yaba NUMBER OF BRANCHES AND ADDRESS: 3. Apapa: 27 WHARF ROAD ATLANTIC HOUSE APAPA 1. C/O Kelechi Akah , FBN Life Assurance Ltd . 1, Zambezi 4. Ikeja Office: 93, ALLEN AV. IKEJA Crescent, off Aguiyi Ironsi Street, Maitama, Abuja. 5. Abeokuta: 20A OLUSEGUN OSOBA WAY OKE ILEOWO 2. C/O Opeyemi Longe . FBN Life Assurance Ltd. F.H Jumbo ABEOKUTA, OGUN STATE House (3rd Floor) 80, Aba Road PH, Rivers State. 6. Port Harcourt: 180 Aba Road, Port Harcourt, Rivers State 3. C/O Maureen Chuckwu FBN Life Assurance Life 7. Benin: 34, Akpakpava Road By Igbesamwan Road Junction Assurance Ltd. Benin, Edo state FBN Main Branch 21, Okpara Avenue Enugu, Enugu State. 8. Ibadan: 6th Floor, Broking House, 1, Alhaji Jimoh Odutola, Ibadan, Oyo State. 9. Abuja: Plot 1012, Adetokunbo Ademola Crescent opposite FBN GENERAL INSURANCE LIMITED Rockview, Wuse 2 Abuja RC 208278 10. Akure: Suit 227, Oyemekun Plaza, Bye-Pass Junction, 298, Ikorodu Road Anthony, P.M.B 21170, Ikeja, Lagos. Oyemekun Road, Akure Tel: +234(0) 9054428, +234 (0) 9054444, +234 (0) 8080479319 11. Onitsha: 60A Old Market Road Onitsha Fax: 2717538 12. Osogbo: 37b Gbongan/Ibadan Road Oshogbo Osun state E - Mail: [email protected] 13. Calabar: 45 Murtala Muhammed Way Calabar Website: www.fbninsurance.com 14. Owerri: 103 Wetheral Road Owerri Imo State DATE OF INCORPORATION: 9th November, 1992 15. Kaduna: 3 Kanta Road, Kaduna, Kaduna State DATE OF COMMENCEMENT OF OPERATION: October, 1993 16. Amuwo Odofin: PLOT 129, BLOCK 10, FESTAC LINK ROAD, NAME OF CHIEF EXECUTIVE OFFICER: MR.BODE OPADOKUN AMUWO ODOFIN, LAGOS 17. Ikorodu: 60 LAGOS ROAD, IKORODU, LAGOS. NUMBER OF BRANCHES AND ADDRESSES: 18. Kano: 15, BANK ROAD, KANO 1. Sijuwola House ,5, Dugbe Layout, Dugbe-Ibadan Tel: 02 8720962, 08058298616 2. 2, Ikwerre Road , Mile 2- Diobu,Port Harcourt Tel: 084-570664, 08023064656 ENSURE INSURANCE PLC 3. Oasis Insurance House,Plot 686,House No. 1 Lafia Close, RC: 234883 Cadastral Zone Ao1 Area 8, Garki Abuja Address: Plot307,Adeola Odeku Street Victoria Island, Lagos. Tel: 09-5232624, 08058298605 Tel: 01-9049510, 08000 367 873, 07000 367 873 4. 29, Alhaji Bashorun ,Off Norman Williams, Ikoyi Email: [email protected] Tel: 08058298609 WEBSITE:www.ensure.com.ng 5. Oasis House No. 1, Olorunosebi street, Orita Sabo, Oshogbo DATE OF INCORPORATION: 18TH NOVEMBER, 1993 Tel: 08058298615, 07098700343 DATE OF COMMENCEMENT OF OPERATION: 2nd October, 1998 6. Oasis House 298, Ikorodu Road Anthony, Lagos. CHIEF EXECUTIVE OFFICER: Mr. Olasunkanmi Adekeye Tel 08058298620 7. Union Bank House, 37, Niger Street, Kano. BRANCHES AND ADDRESSES. Tel: 064-941338, 08058695772 1. 95, Broad Street, Lagos Island, Lagos 8. Jaguna Bus Stop Moshood Abiola way Ijeun Titun Tel: 01-9049514 Abeokuta 2. 3, Ashabi Cole Street, Central Business District, Alausa, Tel: 08058298623 Ikeja, Lagos Tel: (01) 9049506 9. Bank of Industry (BOI) House, Alagbaka Estate, Opp. FBN , 3. 3, Port Harcourt Crescent, off Gimbiya Street, Area 11, 3rd Floor, Akure Tel: 034-205203, 08058298626 Garki, Abuja Tel: (01) 9049507 10. 10/12 Burma Road, Apapa- Lagos Tel: 08058298618 4. Plot 81, Trans Amadi Industrial Layout, Port Harcourt. 11. Suite 3 Abia Plaza Extension Beside Rivers Plaza Trade Tel: (01) 9049508 Fair Complex Badagry Exp, Lagos. Tel: 08058298619 12. First Line Clinic Building Km, 2, Idiroko Road, Otta, Ogun State Tel: 08058298622 13. 24, Constitution Road, Kaduna Tel: 08058298672 14. 298, Ikorodu Road Anthony, Lagos Tel: 08058298627 Nigeria Insurance Digest 2017 195

Directory Of NIA Members Companies As At 1st January, 2018

15. 62, His Grace Plaza Ajilosun , Ado – Ekiti ,Ekiti- State GOLDLINK INSURANCE PLC Tel: 08028314715 RC 192814 16. 60, Effurun/Warri Road Effurun, Delta State. 6, Emmanuel Street, Maryland, P.O. Box 5987, Marina, Lagos, Tel : 08028314715 Nigeria 17. 41, New Market Road Onitsha Tel: 01-7406561-64, 7406566 E - mail :- [email protected]; [email protected] Website :- www.goldlinkplc.com FIN INSURANCE COMPANY LIMITED DATE OF INCORPORATION: 15th April, 1992 RC 38815 DATE OF COMMENCEMENT OF OPERATION: 8th September, No 34,Gana Street, Maitama ,Abuja FCT, Nigeria 1993 Tel: 070282874-10 NAME OF CHIEF EXECUTIVE OFFICER:- MRS. FUNKE MOORE Website: www.finsuranceng.com E- mail: [email protected] NUMBER OF BRANCHES AND ADDRESSES: DATE OF COMMENCEMENT OF OPERATION : - 21st December, 1. 3rd Floor Wing A,Western House, 8/10 Broad Street Lagos 1984 2. 48, Bompai Road, Kano, Kano State NAME OF CHIEF EXECUTIVE OFFICER: MR. BASHIR HALIRU 3. 4th Floor, Broking House, 1 Alhaji Jimoh Odutola Road, BINJI Dugbe, Ibadan, Oyo State 4. Riz Plaza, 2nd Floor,19 Stadium Road , Port Harcourt, NUMBER OF BRANCHES AND ADDRESSES : River- State 1. Isa Yuguda House,Plot 19/23,J os Road. 5. Goldlink House, 2, Harare Street,Zone 6, Wuse District, Aliko Alkali (Br. Mgr) 0803 601 5992 Abuja 2. Biu Road, P.M.B. 19,Gombe State. 6. 159,Ibrahim Taiwo Road Ilorin Nasrideen Arabi ( Br. Mgr) 0803 582 9693 7. 11, Ugbague Street, Off Mission Road, Benin City Edo- State 3. No 4, Ali Akilu/Maska Road ,Box 1113, Kaduna. 8. 38, Afaha Ugua Road, Emma Philip House,Eket, Ja'far Baba Saleh (Br. Mgr) 0803 335 9799, 0702 828 68793 Akwa- Ibom State 4. 7B Ibrahim Taiwo Road ,Box 11986,Kano 9. NIDB House, Alagbaka Junction, Ondo State Yunusa Tijjani Umodu (Br. Mgr) 0803 957 7265, 10. Re-insurance, Plaza, No 6A,Ahmadu Bello Way, Kaduna 0805 889 2102 11. Manuex Corporate Suite, Suite 3,82,Hospital Road, Ekpan, 5. Okoi Arikpo House ,5 idowu Taylor Street, NUC Building , 1st Warri, Delta State Floor ,V/Island Lagos. 12. Suite 405 Opic Plaza, Mobolaji Bank Anthony Way Ikeja, Akintunde Ojo (Br. Mgr) 0805 504 3922, 01-4080037, 1025 Lagos State 6. 1st Floor ,Left Wing ,3 Rumuokoro Street, Rumuomasi, 13. 177, Yenegoa Mbiama Road by Golden Gate Hotel, Opolo Port Harcourt. Bayelsa State Innocent Onyegbula (Br. Mgr) 0803 324 2745, 0702 828 6969 14. 490,Ikorodu Road, Ketu, Lagos 7. 10, Moshood Abiola Way, 3rd Floor, First Inland Bank 15. 1, Commercial Road, Eleganza House, Apap Building, Challenge, Oyo State. Yusuf Oladele Surajudeen (Br. Mgr) 0805 624 9994, 0803 223 6947 8. Suite 07, Centage Plaza ,14 Allen Avenue ,Ikeja, Lagos. Gerry GREAT NIGERIA INSURANCE PLC Buraimoh (Br. Mgr) 0803 304 0385, 01-818 7558 RC2107 9. 53, New Market Road ,Onitsha. 8, Omo-Osagie Street , Off Awolowo Road, Ikoyi Lagos Nwaiwu Obinna James. (Br. Mgr) 0803 673 1106 Tel: +234 814 247 8829, +234-1-3429161 10. 112, Ogui Road, Enugu. Gladys Ajaero (Br. Mgr) 0805 701 8702 E - mail :- [email protected] 11. 5B Mbaise Road, Owerri, Imo State. Website :-www.greatnigeriaplc.com Asimole Benjamin C. ( Br. Mgr) 0803 341 0500 DATE OF INCORPORATION: 20th February, 1960 12. First Inland Bank Building ,Plot 532,IBB Way Wuse Zone 4 DATE OF COMMENCEMENT OF OPERATION: NAME OF CHIEF EXECUTIVE OFFICER: - MRS. CECILIA OLAPEJU FCT, Abuja. OSIPITAN Odeh Otekwu Amos (Br. Mgr) 0806 564 4038, 0702 828 6892 13. 71,Payne Crescent, near Apapa General Post Office / Mobil REGIONAL OFFICE: 3 Filling Station, Apapa Shopping Mall, Apapa, Lagos LAGOS REGIONAL OFFICE: 14. Suite 10, Bawa Rijau Complex, Opposite Niger State 28, Afolabi Aina Street Off Allen Avenue Behind Alade Market Transport Authority, Tunga, Minna, Niger State. Ikeja, Lagos State +234 8142478829 Abubakar Abdulmalik Muye (Br. Mgr) 0805 733 0902, ABUJA REGIONAL OFFICE: 0703 606 4311 Plot 76, Ralph Shodeinde Street 2nd Floor Owena House Central 15. FIN Bank Building ,No 5, Ahmadu Bello Way, Sokoto, Sokoto State. Business District, Abuja Christian Onwuharaonye (Br. Mgr) 0805 604 1440 Sheu +234 8023126758 Lamin Way , Opposite Green House Maiduguri, Borno PORTHARCOURT OFFICE: Plot 19, Stadium Road, Riz plaza Port-Harcourt, Rivers State. State. Abdul Audu (Br. Mgr) +234 8066824555

NUMBER OF BRANCHES AND ADDRESSES: 1. ABEOKUTA BRANCH OFFICE: Great Nigeria House Panseke, Ibara Abeokuta, Ogun State 196 Nigeria Insurance Digest 2017

Directory Of NIA Members Companies As At 1st January, 2018

08059021670, 08027287825 Tel: 01-2918853, 01-2918854, 01-2919927 2. ADO-EKITI BRANCH OFFICE: 11, Fajuyi Lane BesideCaptain Fax No: Cook, Ado-Ekiti, Ekiti 08038005027 E - mail :- [email protected] 3. AKURE BRANCH OFFICE: Great Nigeria House Akure/Owo Website: www.iginigeria.com Road, Alagbaka, Akure, Ondo State DATE OF INCORPORATION: 31st October, 1991 08056493922 DATE OF COMMENCEMENT OF OPERATION: 1st January, 1992 4. ASABA BRANCH OFFICE: 308, Nnebisi Road, Asaba, Delta NAME OF CHIEF EXECUTIVE OFFICER: Mr. Bayo Folayan State 08060484683, 07089885509 5. BENIN BRANCH OFFICE: 2A, New Lagos Road off NUMBER OF BRANCHES AND ADDRESSES: Akpakpava Benin City, Edo State 08091311622 1. Head Office Annex: Central Business District Opposite 6. IBADAN BRANCH OFFICE: Great Nigeria House 8, Lagos Unipetrol, Abuja Tel: 08033495121 Bye-Pass Oke Ado, Ibadan, Oyo State 08023089065 2. Abuja I: Plot 107, Warri Street, Off Tafawa Balewa Way Area 7. IJEBU-ODE BRANCH OFFICE: 51A, Ibadan Road, Ijebu Ode 11, Garki Abuja Ogun State 08034344596 Tel: 08033076655, 8. ILORIN BRANCH OFFICE: 119, Ibrahim Taiwo Road Rabelat 3. Abuja II: IGI House Plot 2186 Wuse Zone 4, Abuja House Ilorin, Kwara State 08036008754 rd Tel: 08033214767 9. JOS BRANCH OFFICE: Plot 16, Beach Road, 3 Floor, UBA 4. Gwagwalada: Plot 21/22, University Road, Gwagwalada, Complex Jos, Plateau State 08026722682 F.C.T, Abuja 10. KADUNA BRANCH OFFICE: 2, Asaa Investment House Tel: 08036674501 Murtala Square Independence Way Kaduna, Kaduna State 5. Kaduna: Plot 41/42 Independence Way Kaduna 08033118173 Tel: 08085534876 11. KANO BRANCH OFFICE: 18, Murtala Mohammed Way, Glass 6. Lokoja: No. 3, IBB Way, Opp. Hydro Junction, Lokoja, Kogi House, Opp. Duala Hotel kano State 08035597835 State 12. ONITSHA BRANCH OFFICE: 58A, Old Market Road Onitsha, Tel:08037879460, 08024077780, 07059352514 Anambra State. 08037170896 7. Miina: Plot 489, Shiroro Road, Minna, Niger State 13. OSOGBO BRANCH OFFICE: Trinity House Gbogan Road Tel: 08053730375,08035981950 Osogbo, Osun State 08030657911, 08027328671 8. Kano: 4th Floor, African Alliance Building, Plot F1, Sani 14. OYO BRANCH OFFICE: Oyo-Ibadan Road, Top of Union Bank Abacha Way,Kano Owode, Oyo State 08139299934 Tel: 08036964471, 08022245859, 08055808574 9. Sokoto: 6, Umar Bello Plaza 6, Ahmadu Bello Way Sokoto Tel: 08162995043 GUNIEA INSURANCE PLC 10. katsina: 6, Hassan Usman Katsina Way G.R.A., Katsina Tel: RC1808 11. Jos:75/C3 Yakubu Gowon Way, Jos, Guinea Insurance House: 33 Ikorodu Road, Jibowu - Lagos Tel: 08034404824 Tel:Customer Service: +234-1-2934575, 12. Maiduguri: 80, Shehu Hashimi Road, Kofa Biyu, Maiduguri, Call Center: +234-1- 2934577 Borno State E-mail: [email protected] Tel:08065554993, 08051530474, 08086601846 Website: www.guineainsurance.com 13. Makurdi: 23, Railway Bye Pass,Makurdi, Benue State DATE OF COMMENCEMENT OF OPERATION: December 3, 1958 Tel: 08034454855 DATE OF INCORPORATION: 3rd December, 1958 14. Enugu: African Continental Bank Building 9, Ogui Road NAME OF CHIEF EXECUTIVE: Mr. BABATUNDE OSHADIYA Enugu Tel: 08035988198 NUMBER OF BRANCHES AND ADDRESSES: 15. Onitsha: 83, Old Market Road, Onitsha, Anambra State 1. ABUJA BRANCH, UPDC, 2nd Floor, Plot 272 UAC Complex Tel: 08034023198 (Beside SEC & Opp. Arewa Suites), Central Business 16. Owerri: No. 43, Ekwena Crescent, Ikenegbu Layout, Owerri District, Abuja. Tel: 08033289761 2. KANO OFFICE, 2ND Floor 22 Zaria Road, Opposite Umar 17. Aba: No. 44, Aba/Owerri Rd, Umungasi Aba Tel: 08037023426, 08053441319 Ibnkhatabu, Mosque Kano. st nd 18. Abakaliki: No 1, Waterworks Road, 1 floor off ozizza 3. BENIN OFFICE, Edo House, 2 Floor Akpapava Road, Benin. 4. ONITSHA OFFICE, 4 Ridge Road G.R.A Stock Exchange Microfinance Bank Building Abakaliki, Ebonyi State Tel: 08100070045 Building, Onitsha (Business Village) 19. Port Harcourt I: 2, Ikewere Road, Port Harcourt 5. KADUNA OFFICE: Nnil Building (2 Floor ) 4, Waff Road, Tel: 08033387961 Kaduna nd 20. Port Harcourt II: 4, circular Road, 2 Presidential Estate, 6. PORT HARCOURT OFFICE: 125, Stadium Road, Indigo Mall, Port Harcourt Port Harcourt. Tel: 08033108735 21. Warri: 100, Effurun Sapele Road, Effurun, Delta State Tel: 08023944597 INDUSTRIAL & GENERAL INSURANCE PLC 22. Benin: 3rd Floor, 5 New Lagos Road, Beside Eco Bank, Benin RC 178140 City, Edo State. IGI House, 2, Agoro Odiyan Street, Off Adeola Odeku Street, Tel: 08184802599; 08034802502 Victoria Island, Lagos 23. Eket: 38, AfahaUqua Road Nigeria Insurance Digest 2017 197

Directory Of NIA Members Companies As At 1st January, 2018

Tel: 08160571502 4. Ogunleye Complex 59/61, Oyemekun Road Akure Ondo 24. Calabar: 32, Nelson Mandela Street, Calabar, Cross River State State. Tel: +234-27-537261, 08023429453 Tel: 08023003458, 08138765338 5. 22 zulu Gambari Road, GRA, Ilorin, Kwara State 25. Yenagoa: KM 15, Mbiama/Yenagoa Road 6. 10, Evo Road, GRA Phase II Port-Harcourt, Rivers State Tel: 08063899613 Tel/Fax: +234-84-463878 26. Uyo: 190, Ikot Ekpene Road, Uyo, Akwa Ibom State. 7. 10, Evo Road, GRA Phase II Port-Harcourt, Rivers State Tel: 08057219061, 08185541111 Tel: +234-84-465391, 465393Fax: +234-84-465392 27. Ibadan: 9, Lebanon Street, Old Gbayi, Dugbe Ibadan, Oyo 8. 1 Floor, Plot 38, MCC Rd Calabar, Cross River State State Tel: +234-87-834341, 08030879363 Tel: 08027783905 9. Thomas House Klm 4, Refinery Road By Mega Hilton Hotel 28. Osogbo: Moye House, Osogbo/Gbongan Road, Osogbo Ekpan, Warri - Delta State Tel: 08068466608, 08181075392 Tel: 10. Tari Eye Clinic Complex Km 24, Mbiama / Yenagoa Road 29. Abeokuta: KayPlaza 18 Lalubu Street, Okellewo, Abeokuta Biogolo Epie, Yenagoa Bayelsa State Ogun State Tel: 08037067177, 08081511207 Tel: 07033347150 11. 5, Swimming Pool Road Behind Shooting Range Kaduna 30. Ile Ife: Sport Centre, Obafemi Awolowo University, Ile Ife, State Osun State Tel: 08033496369 Tel: 08035142411 12. 13, Dorawa/Jigawa Road Off Audu Bako Way Kano State 31. Akure: 47B, Oba Adesida Road, Akure Tel: 08034543004,08079402877 Tel: 08033333361 13. MA 2, Gondo Aluor Road Lobi Quarters, Makurdi Benue 32. Ilorin: 229A, Ibrahim Taiwo Road, Ilorin, Kwara State State Tel: 08035910571, 08056679284 Tel: 08055054849, 08032496956 33. Ado-Ekiti: 42, Ajilosun Street, along Akure/Ikere-Ekiti Rd, SUBSIDIARY Ado-Ekiti, Ekiti State 14. 11, Saflo Street Abelenkpe Residential Area Accra, Ghana Tel: 08033263324, 08079587858 Tel: +233-302-770338, 769365 Fax: +233-302-768944 34. Ikeja: 174, Obafemi Awolowo way, Ikeja e-mail: [email protected] Tel: 08169991760 35. Ikoyi: 180, Awolowo Road, Ikoyi Tel: 08033079396 Jaiz Takaful Insurance Plc 36. Apapa: 2/4, Bauchi Road, Apapa, Lagos RC 1167843 Tel: 08054052454 nd Plot 1054, O.P. Fingesi Street, Off Obafemi Awolowo Way, 37. Marina: 94, Broad Street, 2 Floor Lagos Cadastral Zone B05, Utako District, Abuja. Tel: 08024398555 Tel: +234-903 775 4004, +234-809 552 2144 38. Abule-Egba: 574 Abeokuta Express way, Ojokoro-Ijaiye, EMAIL: [email protected] Lagos WEBSITE: www.jaiztakafulinsurance.com Tel: 08055408683 DATE OF INCORPORATION: 31ST January, 2014 39. Victoria Island: Plot 740, Adeola Hopewell Street, V/Island DATE OF COMMENCEMENT OF OPERATION: 9th January, 2017 Tel: 08039209685 NAME OF CHIEF EXECUTIVE OFFICER: Mr. Momodou Musa Joof 40. Seme Border: Suit 18/19 Sunnex Plaza, Aspamda Trade Fair & Old Road Seme Border NUMBER OF BRANCHES AND ADDRESSES: Tel: 08023545822 1. Lagos Branch: No 91, Obafemi Awolowo Way,Second Floor, Right Wing, Ikeja, Lagos State 2. Kaduna Branch:No 20A, Bank Road, Kaduna State INTERNATIONAL ENERGY INSURANCE PLC 3. Kano Branch:No 15, Bank Road,Nassarawa District,Kano RC 6126 State. Plot 294, Jide Oki, Street Off Ligali Ayorinde, Street Victoria Island, Lagos State KBL INSURANCE LTD Call: +234 -1- 4616972-4, 2710780, 2712327-8 RC 235791 Fax: +234 - 1- 2705770, 2705695 Block138, Plot 5, Gabriel Olusanya Street, Lekki Express Way, Email: [email protected] P.O. Box 72211, Victoria Island, Lagos DATE OF INCORPORATION: 1969 Tel: +234 7032358685, 08090512127, 08027622933 DATE OF COMMENCEMENT OPERATION: 1969 Fax: None NAME OF MD/CEO: MR PETER IRENE E-mail :- [email protected] Website :- www.kblinsurance.com NUMBER OF BRANCHES AND ADDRESSES: DATE OF INCORPORATION: 17th January, 1994 1. Plot 3255, IBB Way, Cadastral Zone Maitama Abuja (FCT) DATE OF COMMENCEMENT – January 31, 1994 Tel: +234- 8070516256, 09-7809345 Fax: +234- 8075005661 NAME OF CHIEF EXECUTIVE OFFICER:-MRS. UKACHI ORJI 2. 82, Adeniyi Jones Avenue Ikeja Lagos State Tel: 01-4605084 3. 2 Floor, Navada Plaza Liberty Road, Off Ring Road Ibadan, NUMBER OF BRANCHES AND ADDRESSES: Oyo State 1. Abuja- keystone Bank Building, 32 Gana Street Maitama, Tel: +234-2- 8719024, 08075992187 Abuja 08095784620, 08095784189 198 Nigeria Insurance Digest 2017

Directory Of NIA Members Companies As At 1st January, 2018

2. Port Harcourt- Plot 466/467 Trans Amadi Industrial L/Out, Port Harcourt - Tel. 08097700355, 08095781225 3. Onitsha- Stock Exchange Building, No 4, Ridge Road, GRA Onitsha 08095781385, 08175742828 4. Aba- No 177 Azikiwe Rd 08172044856, 08172044854 5. Ikeja- Keystone Bank Building 69, Opebi Road, Ikeja, Lagos 08170596639, 08094228149 6. Apapa- keystone Bank Building, Triana House, 18/20 Commercial Rd Apapa, Lagos 08172041506, 08172041507 7. Ibadan- keystone Bank Building Plot E1/E2, J. Allen, Dugbe, Ibadan, Oyo State 08172044859, 08172044863 8. Warri- keystone Bank Building 48, Effurun/ Sapele Road, Warri, Delta State 08090330689 9. Kaduna –keystone Bank Building, Shehu Musa Yar'adua House 7/9, Bank Rd, Kaduna 09092626339 10. Kano- 2nd Floor Union bank Building No 37, Niger Street, Kano. 08095785045 11. Palmgrove- Keystone Bank Building 224, IKorodu Road, Palmgrove, Lagos. 08172041562, 08098187814 12. Benin – keystone Bank Branch 51, Airport Rd, Benin, Edo State 08090330688 13. Enugu – keystone Bank Branch 7, Pocket Layout, New Heaven Junction, Enugu, Enugu State – 08095781252 14. Asaba – keystone bank Branch, 441 Nnebisi Rd, Asaba, Delta State 08095781269 15. Owerri- keystone Bank Branch 39, Assumpta Avenue Owerri, Imo State. 08090334535

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Directory Of NIA Members Companies As At 1st January, 2018

LASACO ASSURANCE PLC 13. Oshogbo Branch: Jesus Court Complex, 7, Isiaka Adeleke RC 31126 Road Alekuwodo Oke-Fia Oshogbo, Osun State LASACO HOUSE, Plot 16 Acme Road Ogba Ikeja, Lagos Branch Manager: Mr. Kayode Okeremi Tel: 07000527226 08069135662, 08072535999 E - mail :- [email protected] [email protected] [email protected] 14. Port Harcourt Branch: 200 Aba Road, Waterline Bus Stop, Website:-www.lasacoassurance.com Port Harcourt, Rivers State DATE OF INCORPORATION: 20th December, 1979 Branch Manager: Mrs. Toyin Iriabe DATE OF COMMENCEMENT OF OPERATION: 7th July, 1980 08064348913; 08023207297 NAME OF CHIEF EXECUTIVE OFFICER: MR. SEGUN BALOGUN [email protected] 15. Wuse Branch: Machima Plaza, Plot 516, Mambolo Close, NUMBER OF BRANCHES AND ADDRESSES: Zone 2, Wuze FCT Abuja 1. Abeokuta Branch: Majek Kembo House, 24, Lalubu Street, Branch Manager: Mrs. Susan O. Saiyepe Oke Ilewo, Ibara, Abeokuta, Ogun State 08034751986 [email protected] Branch Manager: Mr. Femi Dankuwo 08062880392 [email protected] 2. Abuja Main Branch: No 2, House 5, Hombori Street, Off LAW UNION &ROCK INSURANCE PLC Cape Town, Beside PENCOM Building, Wuse 2, Maitama RC 6286 Abuja 14,Hughes Avenue, Alagomeji, Yaba, Lagos Tel 09-5237163, 09-5232131 Tel. 09036000066, 014540073, 014540074 Branch Manager: Mr. Adekunle Hamza E - mail :[email protected] 08055065371 [email protected] Website www.lawunioninsurance.com 3. Akure Branch: Recabil House,47, Oba Adesida Road, Akure DATE OF INCORPORATION: 17TH June, 1969 Branch Manager: Mr. Kunle Aladegbaiye DATE OF COMMENCEMENT OF OPERATION:- 17th June, 1969 as a 08034958562 [email protected] Limited Company 4. Alausa Representative Office: Lagos State Government NAME OF CHIEF EXECUTIVE OFFICER: -MR.ADEMAYOWA Secretariat Complex, Alausa Lagos ADEDURO Mrs. Bunmi Taiwo 08023279241 NUMBER OF BRANCHES AND ADDRESSES: 5. Apapa Branch: ALANTIC HOUSE (UTC Building): 23/27, 1 Ikeja- Adol House (1st Floor),Plot 15 CIPM Road,Central Wharf Road, Opp. Union Registrar, Apapa, Lagos. Business District,Alausa, Ikeja, LagosTel: 01 454 0075 Branch Manager: Mr. Taiwo Akingbagbohun 2 Festac- PIN Plaza, 1st Avenue, Festac Town 08023187629 [email protected] LagosTel: 022918648 6. Benin Branch: 90, Akpakpava Street, 2nd Floor, Aibangbee 3 Victoria Island/Lekki- 209 Muri Okunola, Behind Ajose House, beside Zenith Bank, Benin Adeogun, Victoria Island, Lagos Branch Manager: Mr. Oluwaseun Sangobiyi st 4 Ibadan-1 floor Oxford BuildingBank Road Dugbe Ibadan 07098713703, 08038361816, 08056714920 Oyo State [email protected] 5 Oshogbo-Jesus Court2nd Floor (Left Wing) 7. Calabar Branch: 101, Ndidem Ising Iso (Marian) Road, 6, Isiaka Adeleke Freeway, Okefia, Oshogbo Calabar Cross River State Osun StateTel: 022 918 649 Branch Manager: Mr. Lanre Fashola 6 Port Harcourt- Skye Bank Building,89, Aba Road, Garrison 08093581471 [email protected] Junction, Port Harcourt 8. Ibadan Branch: 43, Ring Road, South West Road Ibadan Rivers State Tel: 084 661 371 Oyo State Tel:02-2303219 7 Uyo- 164, Oron Road, Uyo, AkwaIbom State Branch Manager: Mr. Idowu Adeyemo Tel: 085 293 266 08187193649 [email protected] 8 Warri- 60 Effurun/Sapele Road, Effurun, Warri 9. Ilorin Branch: 119, Ibrahim Taiwo Road, Primo Plaza, Ilorin Delta StateTel: 056 291 029 ;Tel: 052 297 767 Kwara State 9 Abuja-White House, Block B, Suite 3, 1st Floor, 79 Branch Manager: Mrs. Ranti Amusa AdetokunboAdemola Crescent 08027271804; 08033234382 Wuse II Abuja, Federal Capital Territory [email protected] Tel: 092 902 710 10. Kaduna Branch: Hamza Zayad House Road NNLC Building 10 Kano- S kye Bank Plc, 23 Bello road, Kano 4, Muhammed Buhari/ Ahmadu Bello Way, Kaduna Kano State Tel: 064 434 942 Branch Manager: Mr. Oluwole Olawoyin 11 Kaduna-Oando Building, 4 Construction RoadKaduna 08039583764 Tel: 062 294 335 11. Kano Branch: Union Bank Building 37, Niger Street, Kano, 12 Minna, 1 SaiduYabagi/Bosso Road, Kano State Opposite Muritala Park,P. O. Box 1369, Minna, Branch Manager: Mr. Halilu Sule 08037267104 Niger State. [email protected] 12. Lagos City Branch: (Kajola House) 62/64 Campbell Street, Lagos Island Branch Manager: Mrs. Moji Olayiwola 08085729898 [email protected] 200 Nigeria Insurance Digest 2017

Directory Of NIA Members Companies As At 1st January, 2018

LEADWAY ASSURANCE COMPANY LIMITED DATE OF INCORPORATION: 26th March, 1991 RC 7588 DATE OF COMMENCEMENT OF OPERATION: 7 October, 1993 Corporate Office: 121/123, Funso Williams Avenue, Iponri, NAME OF CHIEF EXECUTIVE OFFICER: MR. DANIEL BRAIE Lagos NUMBER OF BRANCHES AND ADDRESSES: Tel: 01 2700700, Fax: 01 2700800 1. FCT ( Abuja): 24, Ouagadougou Street, Off Mambolo Street, E - mail :- [email protected]. Website :- www.leadway.com Wuse Zone 2, Abuja Registered Office: NN28/29 Constitution Road, Kaduna Contact person: ADESOYE AYODEJI 07054492384 Tel: 01 2700700 ext 4100 Email: [email protected] DATE OF INCORPORATION: 2nd September, 1970 2. Enugu: Suite C8 Bethel Plaza Garden Avenue, Enugu State. DATE OF COMMENCEMENT OF OPERATION: 5th January, 1971 Contact person: Ngozi Obioha-Nkemdirm 07054492387 NAME OF CHIEF EXECUTIVE OFFICER: - MR. OYE HASSAN- [email protected] 3. Port Harcourt: 57, Aba Road, By CFC Bus Stop Ecobank ODUKALE Building Port Harcourt Rivers State NUMBER OF BRANCHES AND ADDRESSES: Contact person: Damian Umekwe 07054492928 1. Plot 48, Aguiyi Ironsi Street, Maitama, [email protected] Tel:09 4819339, 08022235873 4. Warri: 110, Effurun/ Sapele Road, Warri 2. 136, Akarigbo Street, Opposite Mobil Filling Station, Ijokun, Contact person: Amechi Ozulu 07054492951 [email protected] Sagamu, 5. Ilupeju Lagos: 11A, Coker Road, Ilupeju Lagos Tel: 08056111398, 037-781651 07054492389 [email protected] 3 209, Yenagoa Imgbi Road, Opp. Spring Bank Amarata, 6. kaduna: Hafsat Plaza Plot 4, constitution Road kaduna Tel: 08029081977, 08039195954 4 8, Igbodo Street, Old GRA, Port Harcourt Tel: 08023043667 State 5. 25, Zaria Road, Gyadi-gyadi Round-about, Kano Contact person: Fidelis Isibor 07054492925 Tel: 08022238654, 07038775284 [email protected] 6. 13, Lalubu Street, Oke- ilewo, Abeokuta 7. Kano: 48, Bompai Road, kano Tel: 039-774207,07051389291, 08083448878 Contact person: Isiya-Gaya Aminu 07054492927 7. NACRDB Building , Ado-owo Rd., Alagbaka, Akure [email protected] Tel:034-217082, 08030803700, 08054878006 8. Aba: 62, Aba Owerri Road Abia State. 8. 2A Ibrahim Taiwo Road, Jos Tel: 08037011980, 08022235815 Contact person: Godsgift Igbo 07054492383 9. Last Floor, 8 Railway bye pass, High Level, near Zenith [email protected] 9. Calabar: Davandy House, No 43, Murtala Mohammed Bank Markudi Tel: 08025523737, 08063081478 Highway, Calabar 10. Last Floor UBA Building By PZ Kaduna Road, Zaria Contact person: Victoria Efoli 07054492386 Tel:08029003787, 08037003774 [email protected] 11. 7,Kano Road, Sokoto Tel: 08021146587,08036791860 10. Uyo: 22, Wellington Bassey Way, Grandberg Pharmacy, Uyo 12. 25 Mogaji Are Rd Iyaganku GRA Off Moshood Abiola Way Akwa Ibom State Ibadan Contact person: Bassey Asuquo 07054492950 [email protected] Tel: 08023324284 st 13. 163 Ajase-Ipo Rd Gaa-Akanbi Junction, Iiorin 11. Yenagoa: 1 Floor, Ibiye Plaza No 66, Okaka Road Opp. Tel: 08055454207, 08066919841 Abuchi beauty Shop Okaka Epie Yenagoa, Bayelsa State 14. 2 Floor Akala House, 127/129 Chime Avenue, New Haven Contact person: Deborah Unagha 07054492952 Enugu [email protected] Tel: 08033214990 12: Benin: 56B Sokponba Road off Ring Road, Benin City Edo 15. 141, Ndidem Usang Iso Rd/Marian Rd., Calabar, State Tel: 08023246228, 08033218684 Contact person: Datimi Ojokojo 07054492385 [email protected] 16. 84 Akpakpava Street, Benin City, nd Tel: 08023369990, 08037545100 13. Ibadan: Horizon House 2 Floor, Vitas Bus stop Ring Road 17. Moye House, 2 Floor, Km2, Gbogan-Osogbo Road Ibadan Oyo State Tel: 08022238018, 08055415302, 035-207975 Contact person: Charles Amolegbe 07054492388 18. Ecobank Building, 60 Effurun/Sapele Road Warri, [email protected] th Tel: 08033915245, 07029548056 14. Akure: 5 Floor, Right Wing Bank Of Industry (BOI) House 19. 164 Ikot Ekpene Road (3 Floor), Uyo Tel: 08055054266, Opp. First Bank, Alagbaka AKure, Ondo State Contact person: Babalola Olugbenga 08112524488 [email protected] LINKAGE ASSURANCE PLC RC 162306 Plot 20, Block 94, Providence Street, Off Adewunmi Adebimpe Street, Lekki, Phase 1, Lagos Tel: 0700LINKCARE, 0700LINKAGE Fax : Nil E - mail :- [email protected] Website: www.linkageassurance.com Nigeria Insurance Digest 2017 201

Directory Of NIA Members Companies As At 1st January, 2018

METROPOLITAN LIFE INSURNACE NIG. 08035975922 14. Akwa Ibom, Uyo: No 13, Aka Road< Uyo, Akwa Ibom State Tel: LIMITED 07052346995 RC 605083 15 Asaba: Plot 284, Nnebisi Road, Asaba Tel:08150836998; 205B, Ikorodu Road, Ilupeju, Lagos State 08037398217 Tel: +234(1)2772520-24 16. Badagry: 6, Market Road, Badagry, Lagos. Tel:08183100786 E-mail: [email protected] 17. Cross River State, Calabar: 83, Calabar Road, Opposite Petex [email protected] Park, Calabar South, Cross River State tel: 08150837009, Website: www.ubametropolitan.com DATE OF INCORPORATION: 19th August 2004 08033573864 DATE OF COMMENCEMENT OF OPERATION: February, 2007 18. Edo State, Benin City: No 22, Akpapawa Road, Benin City, NAME OF CHIEF EXECUTIVE OFFICER: MR. LIVINGSTONE Edo State Tel: 08150837015; 08037152937 nd MAGORIMBO 19. Enugu State, Enugu: 2 Floor, 56, Ogui Road, Enugu State Tel: 08032717031 rd NUMBER OF BRANCHES AND ADDRESSES: 20. Festac Town: 32 Road, DSTV Building, 1st Floor, off 3 1. 18, Adetokunbo Ademola Wuse II,Abuja Avenue, Festac Lagos Tel:08150837011; 07088918571 2. Plot 25, Trans-Amadi Industrial Layout, Port Harcourt, 21. Gbagada: 38, Diya Street, Gbagada, Lagos Tel: 08150837019; Rivers State 081325499 22. Gbagi: Mobus Shopping Complex, Opp. Gbagi 2nd Gate, New Ife Road, Ibadan Tel: 08150837008, 07031169139 23. Ijebu Ode: 1st Floor, 100, Ibadan Road, Near Amao Tyres, MUTUAL BENEFITS ASSUANCE PLC Ijebu-Ode Tel: 08034051790 RC 269837 24 Ikorodu Town: Ayangbure Road, Ikorodu , Lagos. Tel: Aret Adams House, 233, Ikorodu Road, Ilupeju, Lagos. 08021057708; 08023512643 TEL: 09054744444 25 Ikotun , Egbe: Tayese Towers, Egbe-Isolo Road, Ikotun, E-mail: [email protected] Lagos Tel: 08150837017; 08036962779 Website: www.mbaplc.com 26 Ilesha:Ita Akogun Area, Ilesha, Osun State DATE OF INCORPORATION - 18TH APRIL, 1995 Tel: 08150837017; 08035658964 DATE OF COMMENCEMENT OF OPERATION - 2ND OCTOBER, 27 Ile-Ife: Slot Shopping Complex, 35, Fajuyi Road,Mayfair, 1995 Ibadan Road,Ile-Ife, Osun State Tel: 08150837003; CHIEF EXECUTIVE OFFICER: MR SEGUN OMOSEHIN 08032065290 28 Iwo: km 4, Iwo-Ibadan Road, Ileko Oba Tel: 08150837007; NUMBER OF BRANCHES AND ADDRESSES: 08081063289 GENEARAL BUSINESS 29. kogi State, Lokoja: Aliu Attah Road, Beside GTBank, Lokoja. 1 Abuja Office: Plot 78, Yakubu Gowon Crescent, Asokoro, Tel:08060653181 Abuja. Tel: 08038166222; 07034619661; 08036091447 30. Kwara State, Ilorin: 199, Ibrahim Taiwo Road, Ilorin, Kwara 2 Ado Ekiti Office: Mutual Hopuse, Fajuyi Road, Ado Ekiti State Tel:08150837014; 08030634220 Tel: 08129021043; 08058007040 31. Lagos: 13/4, Idowu Olusoji Street, Off Town planning behind 3 Akure Office : 74A, Hospital Road, Continental Junction Aret Adams House, Ilupeju, Lagos Akure, Ondo State Tel: 08150836968 Tel: 08039517268; 08079668663; 07018401846 32. Niger State, Minna: No 127, Paiko Road, Abdulsalam 4. Calabar Ofice: 67, Ndidem , Usang Iso Rd, ( Marian Road ) Abubakar Way Beside Etisalat office, Near Tunga Calabar Tel : 09033400308; 08033573864; 08055197458 Market, Tunga Minna, Niger State Tel: 08053182667 5 Ikoyi Office: 6, Norman Williams Str., S/W Ikoyi, Lagos. 33. Ogbomosho: LAUTECH Teaching Hospital, Ilorin Road, Tel: 08055197451; 07025251505 6. Kaduna Office: Nm 20, Constitution Road, Kaduna Ogbomosho, Oyo State. Tel: 08053270709; 08038708535 Tel: 08150836999; 08032200333 7. Kano Office: 43, Ibrahim Taiwo Road, kano 34 Ogudu: 41A, LSDPC Housing Estate, Ogudu Road, Lagos. Tel: 08032079537 Tel: 08150837000, 08023591109 8. Onireke Office: Plot 47/49, Onireke GRA, Ibadan. 35 Ogun State, Abeokuta: Old Savanah Building, Quarry Road, Tel: 08058007020 Abeokuta, Ogun State. Tel: 08150837016, 08035438273 9. Ota office 2:Tantolorun Building, Km 1, Idi-Iroko Road, 36. Ondo State, Akure: 16, Oyemekun Road Opposite Access Bank, Beside NITEL Office Tel: 08038239940 Iyana-Ota Roundabout, Sango-Ota, Ogun State rd Tel: 08023126577 37. Osun State, Osogbo: 3 Floor, Terminus Hotel Building 10. Port Harcourt Office: Wordway Plza, 129, Aba Road Ajegunle Area Tel: 08033682909 Waterlines, PH Tel: 08032703220; 08032700725 38 Oyo State: Ring Road, lbadan No. 1A. Akinyemi Street, 11. Warri Office: 80, Airport Road, Opp Old Airport Road GTBank. Ring Road, Ibadan, Oyo State Tel: 08150837012; Effurun, Warri 08034430794 Tel:08033474557; 08052220202; 08052046585 39. OyoTown: No 50. Ogbomosho Road, Opposite General Hospital, OyoState Tel: 08150837001; 07062248974 RETAIL BRANCHES 40. Sango Otta: Joju Junction, Sango 12. Abia State, Umuahia: No 17, Lagos Street, Umuahia, Abia Otta Tel: 08150837004; 08150836997; 08055764905 State Tel: 08150837020; 08160594093 41. Shagamu: 137A, Akarigbo Street ljoku, Shagamu, Ogun 13. Abuja, Garki: Plot 289, 2nd Floor, MTN/ Vitaform Building, State Tel: 0802368615 Lagos Crescent, Garki 2, FCT Abuja Tel: 08150837013; 42. Yaba: 194, Herbert Macaulay Way, Yaba, Lagos. 202 Nigeria Insurance Digest 2017

Directory Of NIA Members Companies As At 1st January, 2018

MUTUAL BENEFITS LIFE ASSURANCE PLC Tel: 08188553018 RC 681998 25 Yenagoa Office: 420, Melford Okilo Ex pre s swa y, Aret Adams House, 233, Ikorodu Road, Ilupeju, Lagos. Yenezue- Gene , Opposite Globacom Office TEL: 09054744444 By Zenith Bank, Yenagoa, Bayelsa E-mail: [email protected] Tel: 08022344364 Website: www.mutuallifeng.com DATE OF INCORPORATION – 20th February, 2007 th DATE OF COMMENCEMENT OF OPERATION – 14 November, NEM INSURANCE PLC 2007 RC 6971 NAME OF CHIEF EXECUTIVE OFFICER: MR. FEMI ASENUGA 199, Ikorodu Road, Obanikoro, Lagos. Tel: 01-4489560-9, customer service center: 01-4489570-2 NUMBER OF BRANCHES AND ADDRESSES : E - mail: [email protected] 1 Abeokuta Office: lki ja House,1, Quarry Road Panseke, Website: www.nem-insurance.com Abeokuta. Tel: 08035692773 [email protected] DATE OF INCORPORATION: 1970 2 Abuja Office: Plot 78, Yakubu Gowon Crescent, DATE OF COMMENCEMENT OF OPERATION: 1948 Asokoro, Abuja. Tel: 08037151301 NAME OF CHIEF EXECUTIVE OFFICER: MR. TOPE SMART 3 Ado Ekiti Office: MUTUAL HOUSE, Fajuyi Road, Ado-Ekiti. Tel: 08129021043, 08037283445 NUMBER OF BRANCHES AND ADDRESSES: 4 Akure Office: 74A, Hospital Road, 1. Abuja-Garki: 10, Onitsha Crescent off Gambiya Street Area Continental Junction, Akure, Ondo State II, Garki Abuja Tel: 08079668663, 07018401846 Branch Manager: Michael A. Giwa 5 Asaba Office: 308, Nnebisi Road, Asaba, Delta State Tel: 08033208141 Tel: 07088665082 2. Abuja-Wuse: Plot 960, Ahmadu Bello Way Wuse II 6 Aspamda Office: Favour Plaza Beside GTB, Abuja By Main Gate, ASPAMDA Tel: 08060580703 Branch Manager: Mr. Martins Ilegoma 7 Benin Office: 34, Akpa kpava Rd, Benin City, Edo State Tel: 08077284843; 08078153184; 08037020262 Tel: 07060691806 3. Akure: 3rd Floor, BIO Building Alagabaka Akure, Ondo 8 Calabar Office: 67, Ndidem, Usang Iso Road, State (Marian Road), Calabar. Tel: 09033400308 Tel: 034-215829 9 Ibadan Regional Office) :KFC Outlet, Olori Ibi po Branch Manager: Kehinde Agbelade House, Plot 6, Block 1, MKO Abiola Way, 08033509419 Ring Road, Ibadan Tel:08035032022; 08127879900 4. Jos: 10, Rwang Pam Street P.O .Box 1261, Jos Plateau State 10 Onireke Office :Plot 47/49,Onireke, GRA Tel: 073-454216 Tel: 07033687947, 08180987493 Branch Manager: Thomas Nkom 11 Ikeja Office: ASSBIFI House, 4 Assibifi Road. 0809837629 Alausa Ikeja Tel: 08067952147 5. kano: 3rd Floor Union Bank Building 37, Niger Street 12 Ikorodu Office :75, Lagos Road, By Aruna Bus- Stop,Ikorodu, P.O Box 1185 Kano Lagos. Tel : 0805284907 4, 0 7 063 7 60468, Tel: 064-649374 13 Ikoyi Office: 6 Norman Wi liams Street Branch Manager: Peter I. Agono S/W Ikoyi, Lago s Tel : 07025251505 Mobile no: 08035923740; 070228243127; 07029909242 14 Ilorin office: 163, Ajase Ipo Road, Gaa Junction, Ilorin, Kwara 6. kaduna: Ground Floor, Turaki Ali House 3, Kanata Road State. Tel: 08033518582 P.O Box 822, Kaduna 1 5 Lekki Office: Gold Crest Plaz a, Tel: 062-217683 3rd Floor KM 14, Lekki Epe Expressway, Near Mega Chi cken, Branch Manager: Eyitayo Ogboyomi Mobile Nos: 07028243118 Lagos. Tel: 08034101413 7. Warri: 57, Effurun Sapele road Effurun Delta State 16 Ojo Office: Christ in Me Plaza, Branch Manager: kayode Arimoro 446, Old Ojo Road, Lagos. Tel: 08034381617 Mobile No: 08034221374; 0802388188 17 Osogbo Office:Opp. Customar y Court , Court of Appeal, Ok e - 8. Apapa: 2nd Floor, 41/43 Itire Road, Surulere, Lagos Ifa. Tel: 08061256173 Tel: 01-7375546, 07028442653 18 Ota Office: Rainbow Tower, Kilometer 127, Idiroko Road, Branch Manager: Uzor Enubuzo Near NNPC Filling Station. T el: 0 8034318658 Mobile Nos: 08059301673; 0802896842 1 9 Owerri Office: 46 Wetheral Road, O w e r r i 9. Calabar: 2nd Floor 26, Etta-Agbor Road, Calabar, Tel: 08038 7 2646 2 Cross River 20 Port Harcourt Office: Wordway Plaza, 129 Aba Road Branch Manager: Nkume Omoghogie Waterlines, Port Harcourt Tel: 08032703220 Mobile Nos; 08054642551; 08033542048 21 Surulere Office: 148, Bode Thomas Street Sur u l e r e 10. Ibadan: 3rd Floor, Broking House, 1, Alhaji Jimoh Odutola Tel: 08033961056 Street, 22 Town Planning Office 19/21, Town Planning Way, Ilupeju , PMB 5328 Ibadan Lagos. Tel: 08037 13 7 762 Oyo State 23 Warri Office: 80, Airport Road Opp. Old A i rport Road Effurun, Tel 02-2411992 Warri Tel: 08052046585 Branch Manager: Rufus Olumide 24 Uyo Office: 2nd Floor 1, Udobio Street, Uyo Akwa-iborn State Mobile Nos: 08033463697 Nigeria Insurance Digest 2017 203

Directory Of NIA Members Companies As At 1st January, 2018

11. Lagos Mainland: 199, Ikorodu Road, Obanikoro, Lagos 22. Owerri: 43, Okigwe Rd, Owerri, Imo State tel: 01-8171844, 01-4824737, 01-2710060 23. Umuahia: 5, Nsukka Str. Umuahia, Abia State Branch Manager: Lucky Okparavero 24. Ibadan: Nicon House, 241 Obafemi Awolowo Way, Molete Mobile Nos: 08076175287, 08023123006 Ibadan 12. Onitsha: 2nd Floor, (AIB) Building 25. Osogbo: Acorn Oil Building, Opposite FRSC, Gbogan Rd, 107, Upper New Market Road, Onitsha Osogbo. Tel: 046-410736 26. Akure: NICON House, 221 Arakale Street, Isikan Akure Branch Manager: Cyracus Akinjobi 27. Ikeja: 3, Allen Avenue/ Toyin St, Ikeja Mobile Nos: 08033457426, 07029219983 28. Trade fair, Lagos: Delta House, No 1, Trade Fair 13. Oshogbo: 1st Floor, Former Afribank Building ComplexBadagry Expressway Lagos Opposite Fakunle Comprehensive High School 29. Agege: Energy Filling Station, KM 19, Agege Motor Road Ile Fakunle Gbongan/Ibadan road, Osogbo Osun State Zik Bus Stop Ikeja Lagos Tel: 035-214844 30. Kano: No 1, Post Office Road Kano Branch Manager: Victor Eweme 31. Gwagwalada: No 7 Secretariat Road Gwagwalada Abuja Mobile Nos: 08023276477: 0803369867 32. Makurdi Branch: Plot 650, New Bridge Rd, GRA, High Level 14. Port Harcourt: House 2, Road 2, circular Road, Makurdi Residential Estate, Port Harcourt, Rivers state 33. Lokoja: No 130 IBB Way Lokoja Tel: 084-233513 34. Jos: No 1 Fed Secretariat Way, Jos Branch Manager: Yemi Mayadenu 35. Yola: Bornoma House, 94, Mohammed Mustapha Way , Jimeta Yola 36. P/Harcourt: 16/18, Aba Road P/Harcourt NICON INSURANCE PLC 37. Calabar: 1, Barracks Road, Calabar RC 440754 38. Katsina: 61, IBB Way Investment House Katsina Plot 242, Muhammadu Buhari Way,Central Business District, 39. Maiduguri: 16, Shehu Laminu Way Maiduguri Abuja 40. Zaria: 2nd Floor Uba Building F11 Kaduna Zaria Road Zaria Tel: 09-4624100, 09-4624101, 09-4624102 Fax: E- mail: [email protected] NIGER INSURANCE PLC Website: www.niconinsurance.com.ng st RC6484 DATE OF INCORPORATION: 1 July, 1969 48 / 50, Odunlami Street, P. O. Box 2718, Lagos. DATE OF COMMENCEMENT OF OPERATION: 1st July, 1969 Tel: 01-2630862, 2630887, 2630928, 2632343,2632941 2601327 NAME OF CHIEF EXECUTIVE OFFICER: ALHAJI M.B HUSSAINI Fax: 01-2662196 E - mail: [email protected] NUMBER OF BRANCHES AND ADDRESSES: Website: www.nigerinsurance.com 1. ENUGU: 56, Ogui Road, Enugu DATE OF INCORPORATION: 29th August, 1962 2. Minna: No 1, Bank Road P.O. Box 1079 Minna DATE OF COMMENCEMENT OF OPERATION: 29th August, 1962 3. Abeokuta: No 38, Tinubu Street, Ita Eko Abeokuta NAME OF CHIEF EXECUTIVE OFFICER: MR. LAWAL MIJINYAWA 4. Benin NO 55, Akpakpava Street PMB 1343 Benin City 5. Warri: 279, Warri/Sapele Road, Warri, Delta State NUMBER OF BRANCHES AND ADDRESSES: 6. Asaba: No 377, Nnebisi Road P.O Box 1600 Asaba Delta 1. 302, Ikorodu Road, Anthony. Tel: 01-4932052, 4960185 7. Awka: 4, Ozo Nwimoka Close, P.O.Box 1096, Akwa Anambra 2. 47, Marina, Lagos. Tel: 01-266 State 3. 41/43, Itire Road, Surulere. Tel: 7738474, 0803 308 5970 8. Apapa: No 22, Commercial Road Apapa Lagos 4. 11, Akobale Layout, S.W. Ring Road, Ibadan. Tel: 02-2313873 9. Ado Ekiti: No 128, Ajilosun Street Ikere Road Ado- Ekiti, Ekiti 5. 42/49, Warehouse Road, Apapa. Tel: 01-5878092 State rd 6. 23, Quarry Road, Abeokuta. Tel: 039-242983 10. Abuja Branch: 3 Floor Nicon Plaza Plot 242 Mohammadu 7. 168, Ibrahim Taiwo Road, Ilorin. Tel: 031-223057 Buhari way Central Business District 8. 5, Idowu Taylor Street, V/Island. 11. Victoria island Branch: No 8, Adeyemo Alakija Street, Tel: 01-2629090-1, 612069, 612988 Victoria Island, Lagos 9. 9, Aba/Port Harcourt Expressway, Port Harcourt. 12. Otta: No 103, Idiroko Road, otta, Ogun State Tel: 084 332717, 237838, 489184 13. Sokoto: No 5, Dogodanji House, B/kebbi Road P.O Box 815 10. 27, Welheral Road, Owerri. Tel: 083-230833 Sokoto 11. 17, Udoumana Street, Uyo. Tel: 085-200133, 200126 14. Gusau: No 10A, Sani Abacha Sokoto/Zaria Road,P. O. box 12. 71, Old Market Road, Onitsha. Tel: 046-414289 969 Gasau 13. Plot 208, Zakariya Maimalari Central Business District, 15. Kaduna: No 24, Broadcasting Road, Kaduna. Abuja. Tel: 09-2345600,2343075, 234992808055245301 16. Yaba: No 20/22 Commercial Avenue Sabo Yaba, Lagos 14. NUJ House, Akpa Street, Makurdi. Tel: 04 4-531335 State 15. Abdusallam way, Minna. Tel: 066-223719, 08033566048 17. Ilorin: No. 232 Ibrahim Taiwo, Road Ilorin Kwara State 16. 35, Ndidem Usang Iso Road, Calabar. Tel: 087-237180 18. Uyo: No 12 Nwaniba Road, Uyo Akwa Ibom. 17. 69, Effurun / Sapele Road, Effurun, Warri. Tel: 053-257389 19. Lagos Island (LIB): No 5, Custom Street, Marina- Lagos 18. 28/30, Bukuru Bye Pass, Jos. Tel: 073-461620 20. Bauchi: Nicon House Building, Ahmed Abdulkadir Road, 19. 34/36, Abdukadir Ahmed Road, Bauchi. Tel: 077-542732 Bauchi 20. 1, IBB Way, Katsina. Tel: 065-431969 21. Onitsha: No 64, New Market Rd, Onitsha. 21. 40, Atiku Abubakar Road, Jemila, Yola. Tel: 075-627631 204 Nigeria Insurance Digest 2017

Directory Of NIA Members Companies As At 1st January, 2018

26. Plot B, Ahmadu Bello Way, Kaduna. Tel: 062-249672 Tel:08055084123,08062770688 27. 153, Sir Kasim Ibrahim Road, Maiduguri Tel: 076-233925 20. Behind Stadium & Children Amusement Part, Lokoja. 28. 21, Zaria Road, Kano. Tel: 064-660014, 664342 Tel: 08066196474 29. 1136, Ahmadu Bello Way, Sokoto. Tel: 060-233188 21. Jos/Markudi road along Uac road , behind Mobile filling 30. NIDB Building, Alagbruka, Akure station opposite parade ground , Lafia.tel: 08037020189 Tel: 034 215066, 08053375115 22. 63b ,Nnamdi Azikiwe Road, Anambra.tel:08065596641 31. Plot 32, Obana Motors, Abuja Tel:09- 8820457 23. 43 Okigwe Road Owerri.Tel 08037864358,08037182367 32. 39, Hospital Road, Jimeta, Yola. Tel: 075-625807 24. No 7 Uzuakoli Road Umuahia,Umuahia.tel:08037784391 33. 6, Ahmadu Bello Way, Bauchi. Tel: 077-542379 25. 50 Zik Avenue , Uwani , Enugu. Tel 08035973181 34. 148,Ikpoba Slope , Benin Tel: 052 259631, 08033602733 26. Plot no 9 Bank Layout , Etim Etoi, uyo. 35. 433, Nnebisi Road,.Aba Opposite Federal Micheal Cen. Tel: 08023150432, 08035814988 Asaba 27. No 32a Nelson Mandela road, Calabar. Tel 08037417660 36. 20, Mbonu Street , D/line Port Harcourt Tel: 08059078291 28. No 1 water works road Abakiliki, ebonyi. 37. 5, Macualay Street, Bonny Rivers Tel: 08033071482, 07025169946 Tel: 084-270690, 08034305464 29. No 1 Azikiwe road port harcourt.tel:08037872331 30. BIU road near Nacrdb Gombe Tel:08037865925,07029619180 NIGERIAN AGRICULTURAL INSURANCE 31. Naic building ,no 14 sir Kashim Ibrahim way Maiduguri. Tel: 08027439074 CORPORATION 32. Gujiba road , Damaturu,yobe.tel:08069442535 33. Block no 4 investment house Jalingo. Tel: 08033660900, PLOT 590, ZONE A. O CENTRAL AREA,P.O BOX 3754 GARKI, 08029229622 ABUJA. 34. Giwo house Bauchi, no 6 Ahmadu Bello way Bauchi. TEL: 09- 4614826,4614828,4614847 Tel: 08036165489,08028415625 FAX: 09- 4614825 35. Universal plaza,no 10 galadima aminu way, yola. E-MAIL- [email protected] Tel: 08052733370, 08036618664 WEBSITE: www.naic.com.ng 36. No 677 Melford Okilo way opposite Aricona filling station DATE OF INCORPORATION :1993 Yene Zue-gene,Yenegoa, bayelsa. DATE OF COMMENCEMENT OF OPERATION: 15 DECEMBER, Tel:07067583704 1987 37. Dogon daji house, 3 floor ,no 5 Maiduguri road sokoto NAME OF CHIEF EXECUTIVE OFFICER: MRS.FOLASHADE Tel: 08036085489,08024588777 JOSEPH

NUMBER OF BRANCHES AND ADDRESSES 1. Uacn Complex (now yewa plaza ) Ibara Building, NIGERIA REINSURANCE CORPORATION RC 198071 Abeokuta. Tel:08036259476 Plot 784, Herbert Macaulay Way, (North), Central Business 2. 96 Iwo road ,Opposite Army Barracks, Ibadan. Tel: 08033492070, 08120457837 District, P.M.B 292 Garki, Abuja, FCT 3. Shop 3 Yinka Oba Complex, Iwo/Ibadan road Osogbo, Tel: 08100989849 Tel: 08036425653, 08098290906 46, Marina. P.M.B. 12766, Lagos, Nigeria Tel: 07098111677 4. 39b Oba Adesida Road, Akure .Tel: 08065595707 E- mail: [email protected] 5. 6 Akpakpava Street, Benin City. Tel: 08035900530 Website: www.nigeriare.com 6. 433 Nnebisi Road ,Opposite Federal Medical Centre Delta. DATE OF INCORPORATION: 1977 Tel:08069562243 DATE OF COMMENCEMENT OF OPERATION: Jan. 1st 1978 7. 22 ,108 Ajilosun Street Ado Ekiti. Tel: 08023700182 NAME OF CHIEF EXECUTIVE OFFICER: LADY ISIOMA 8. Kingsway building 2 floor 51/52 Marina Lagos CHUKWUMA Tel: 08034192598 9. No 14 Hassan Usman Kastina Road Opposite Markudi hotel NUMBER OF BRANCHES AND ADDRESSES: G.R.A Kastina 1 Lagos Tel: 08036493454,08035398698,08054506009 2. Abuja 10. No 14 Bank Road 1 Bank Building Kaduna.Tel: 08033330364 11. Narcdb Plaza no 31-34 Broad street , Farm Centre Kano. Tel: 07031254772, 08164277219 NOOR TAKAFUL PLC 12. Gidan Chiroma Opposite Abbatoir Dutse. RC211828 Tel: 08091242616, 08152718698 62, Shipeolu Street, Palmgrove, Lagos State. 13. 8 Maiduguri Road , Maiduguri .Tel: 08027439074 Tel: +2348099444448 14. Sambawa House ,25 Ahmadu Bello way, Birnin Kebbi. Website: www.noortakaful.ng Tel: 08053602572, 08036311676 Email: [email protected] 15. 10 Sokoto/Zaria road Gusau . Tel: 08034224167 DATE OF INCORPORATION: 27th August, 2014 16. Gidan Chiromawa Opposite Mordern Abbatoir ,Dutse.tel: DATE OF COMMENCEMENT OF OPERATION:- 3rd January, 2017 17. 1EbituUkiwe/Bosso Road Minna. NAME OF CHIEF EXECUTIVE OFFICER: Mr. Wan Zamri Bin Wan Tel: 08035073790, 08094562747, 08035824363 Ismail 18. 12 Ali Akilu Road Markudi. Tel: 08122488199 19. 159, Ibrahim Taiwo Road Ilorin. NUMBER OF BRANCHES AND ADDRESSES: Nigeria Insurance Digest 2017 205

Directory Of NIA Members Companies As At 1st January, 2018

1 Abuja Branch: Plot 251, Herbert Macaulay Way, Millennium 4. ABUJA OFFICE ADDRESS- 1ST Floor, Murjanatu House, 1 Builder's Plaza Suite D 101 & 102, central Business District Zambezi Crescent, Off Aguyi Ironsi Street, Maitama, Abuja. Abuja. 5. PORT HARCOURT OFFICE ADDRESS- 1ST Floor, Ecobank 2. kano Branch: F1 Airport, (First floor ), African Alliance building, 333 Trans Amadi Industrial Layout, Port Harcourt, Building, Kano. Rivers State. 6. IBADAN OFFICE ADDRESS- 49B, Idi-Ape, Iwo Road, Ibadan, Oyo State. NSIA INSURANCE COMPANY LIMITED RC 129628 OLD MUTUAL GENERAL INSURANCE 3, Elsie Femi Pearse Street, Victoria Island, Lagos Tel: 01 4618940 3 Fax: 01 4618944 COMPANY NIGERIA LIMITED E - mail:- [email protected] RC: 255842 Website :- www.nsiainsurance.com 3rd Floor EDC Building 19A Adeola Odeku Victoria Island, DATE OF INCORPORATION :18th April, 1989 Lagos,Nigeria. DATE OF COMMENCEMENT OF OPERATION:-April, 1989 WEBSITE: www.oldmutual.com.ng NAME OF CHIEF EXECUTIVE OFFICER:- MRS. EBELE EMAIL: [email protected] NWACHUKWU Tel: +234-1-2793742-6, 2719393, 2706890 Fax: +234- 1-2793747 NUMBER OF BRANCHES AND ADDRESSES: DATE OF INCORPORATION: 26TH OCTOBER, 1994 1. ABUJA: 18, Djoubti Street, Wuse 2 Abuja. DATE OF COMMENCEMENT: 14TH NOV, 2007 2. IBADAN: Diamond bank Building 8,M.k.O Abiola Way, NAME OF CHIEF EXECUTIVE OFFICER: MR. JAPHET DURU Challenge Ibadan, Oyo State 3. ONITSHA:Diamond Bank Building, 48, Iweka Road, Onitsha, NUMBER OF BRANCHES AND ADDRESSES: rd Anambra State 1. IKEJA OFFICE ADDRESS-3 Floor, 74, Allen Avenue, Ikeja, 4. PORT-HARCOURT: 1B, Stadium Road, Port-Harcourt , River Lagos State. ST State. 2. DELTA OFFICE ADDRESS-1 Floor, Ecobank Building, 111 5. KADUNA: Suit PP10 Mazangari Investment Building 17F, Jakpa Road, Warri, Delta State. ND Independence Way Building,Kaduna. 3. KANO OFFICE ADDRESS-2 Floor, Ecobank Regional Office, 6. WARRI: Diamond Bank Building84, Effurun Warri Road, Regional Office, 192 Murtala Muhammed Way, Kano, Kano Delta State. State. ST 7. IKEJA: 161, Obafemi Awolowo Way, Ikeja Lagos State 4. ABUJA OFFICE ADDRESS- 1 Floor, Murjanatu House, 1 8. AKURE: Diamond Bank Building, 46 Oyemekun Road by Zambezi Crescent, Off Aguyi Ironsi Street, Maitama, Abuja. ST Pass Junction, Akure Ondo State 5. PORT HARCOURT OFFICE ADDRESS- 1 Floor, Ecobank 9. ENUGU: Diamond Bank Building 32E Okpara Avenue building, 333 Trans Amadi Industrial Layout, Port Harcourt, Enugu, Enugu State Rivers State. 10 KANO: 375 Civic Centre Road kano, Kano State 6. IBADAN OFFICE ADDRESS- 49B, Idi-Ape, Iwo Road, Ibadan, Oyo State.

OLD MUTUAL NIGERIA LIFE ASSURANCE PRESTIGE ASSURANCE PLC RC 6753 COMPANY LIMITED Plot 19, Ligali Ayorinde Street, Victoria Island, Lagos. RC 507968 Tel: +234- 7098820699, +234-7098820767 2nd Floor Ecobank Building, 21 Ahmadu Bello Way, Victoria Fax: +234-12713712 Island,Lagos, Nigeria. E-mail: [email protected] Tel: +234-1-2793742-6, 2719393, 2706890 Website: www.prestigeassuranceplc.com Fax: +234-1-2772210 DATE OF INCORPORATION: 6th January 1970 E - Mail: [email protected] DATE OF COMMENCEMENT OF OPERATION: 6th January 1970 Website: www.oldmutual.com.ng NAME OF CHIEF EXECUTIVE OFFICER: DR. BALLA SWAMY th DATE OF INCORPORATION: 30TH March, 2004 th th DATE OF COMMENCEMENT OF OPERATION: 14 November, NUMBER OF BRANCHES AND ADDRESSES: 2007 1. Kano State: 38, Beruit Road Civic Centre, Kano NAME OF CHIEF EXECUTIVE OFFICER: MR. KEITH ALFORD Tel: 234-8028439311 2. River State: 9 Port Harcount /Aba Road, Opposite Airforce NUMBER OF BRANCHES AND ADDRESSES: School Rumuoumosi, Port Harcourt rd 1. IKEJA OFFICE ADDRESS-3 Floor, 74, Allen Avenue, Ikeja, Tel: +234-8053070490, +234-8035210001 Lagos State. 3. Oyo State: 1st Floor Goodwill House No 53 Oyo Road, ST 2. DELTA OFFICE ADDRESS-1 Floor, Ecobank Building, 111 OremejiMokola , Ibadan Jakpa Road, Warri, Delta State. Tel: +234- 8033721634, +234- 9053899543 3. KANO OFFICE ADDRESS-2ND Floor, Ecobank Regional Office, 4. Abuja State: Febson Mall ( Former Russe Centre) Plot 2425 Regional Office, 192 Murtala Muhammed Way, Kano, Kano Herbert Macaulay Way Suite 713 Wuse Zone 4 State. +234-805843139, +234-8098431339 206 Nigeria Insurance Digest 2017

Directory Of NIA Members Companies As At 1st January, 2018

5. Kaduna State: 24, Comstitution Road, kaduna V/I Tel: 07042454645, 07025029090, 01-4547577 Tel: +234-8033451586 16. South-South Office: 40 Aba Road, Port Harcourt, Rivers State 6. Ikeja – Lagos State: 20, Oba Akran Avenue, Ikeja Industrial Tel: 084-897139, 07040800990 Estate, Lagos 17. South- East Office: 177, Presidential Road, Enugu Enugu Tel: +234-8033158144, +234-9053991795 State Tel: 042290044 18. North-East Office: 11, Mohammed Mustapha Way, Zenith Bank Building, Opposite Jimeta Modern Market , Jimeta PRUDENTIAL ZENITH LIFE INSURANCE LTD Yoal Adamawa RC 407202 Tel: 08039691693 13th & 14 th Floor Civic Towers, Ozumba Mbadiwe Street Victoria Island, Lagos Tel: 01 2783421, 2783411, 2952330 REGENCY ALLIANCE INSURANCE PLC E- mail: [email protected] RC 223946 Website; www.zenithinsurance.com.ng 2, Ebun Street, Gbagada Expressway Gbagada, Lagos, Lagos th DATE OF INCORPORATION: 13 March, 2001 State. th DATE OF COMMENCEMENT OF OPERATION: 24 January, 2005 POSTAL ADDRESS: P.O.Box 70333 Victoria Island, Lagos, NAME OF CHIEF EXECUTIVE OFFICER: MR. CHUKWUEMEKE Lagos state IGUMBOR Tel:234 (1) 08053499073, 08053499074 E - MAIL: [email protected] BRANCH AND REGIONAL OFFICES: WEBSITE: www.regencyalliance.com 1. Head Office: 280a, Ajose Adeogun Street, Victoria Island, DATE OF INCORPORATION: June 16, 1993 Lagos DATE OF COMMENCEMENT OF OPERATION: April 1994. Tel: 01-2783411, 08023073201, 07025016914 CLASS OF BUSSINESS: General Insurance 2. Apapa Branch: Zenith Bank Building 15, Warehouse Road NAME OF CHIEF EXECUTIVE OFFICER: MR. OLUBIYI OTEGBEYE Apapa, Lagos. Tel: 01-8777336, 08059301673 BRANCHES AND ADDRESSES: 3. Enugu Branch: Zenith Bank Building, Enugu 5, 20A 1. 95, Azikiwe Road Aba-Abia State- Tel: 08087667600 Presidential Road, Enugu E-mail:[email protected] Tel: 042-4515152, 08033282226 2. 2, Segun Osoba Street, Oke-Ilewo, Ibara, Abeokuta Ogun- 4. Warri Branch: Zenith Bank Building, Warri-Sapele Rd State, Tel:08087667601 branch, Opp Urhobo College, Effurun Delta State E-mail: [email protected] Tel: 056-290200, 254722-3, 08023175763, 08052051606 3. A5 Bobsar Complex, Plot 1035,Michika Street off Ahmadu 5. kano Branch: Zenith Bank Building, 56, Tafawa Bello Way,Garki11,FCT, Tel: 08083869963, Balewa/Mohammed, Murtala Way, kano E-mail: [email protected] Tel: 064-639937, 963685, 08036266874 4. Suite 9, Aniyeloye Shopping Mall, Conoil Filling station, Also location of Zenith Medicare North West Regional Office Fajuyi, Ado-Ekiti, Ekiti State, 6. Benin Office: Zenith Bank Building, Sapele Road Br. 88/91 Tel: 08087667606, E-mail [email protected] Sapele Rd Opp. Ministry of Works, Benin City 5. 97b, Forestry Road, Benin, Edo State Tel :08087667614, Tel: 052-291613 E-mail: [email protected] Contact person: Morka Ekele 6. Subulade Plaza (1 Floor) 32, Anfani Street, off Ring Road 7. kaduna office: Zenith Bank Building,9 Yakubu Gowon way, Ibadan, Oyo State Tel:08126010472 kaduna North 062-290869 E-mailIbadanregion@ regencyalliance. com Contact person: Mohammed Shuaibu 7. Turaki Ali House (NNDC Building) 3 Floor, 3, Konta Road 8. Ikeja Branch: Zenith Bank Building, 65 Adeniyi Jones Ikeja Kaduna,Kaduna State Lagos Tel: 08087667608 E-mail: [email protected] Tel: 01-8772458, 08029990288, 07025206758 8. 44, New Market Road, Onitsha, Anambra State 9. Marina: Zenith Bank Building, Marina Lagos Tel: 08087667609 08033851614, 07025206880 E-mail: [email protected] 10. Ibadan Branch: Zenith Bank Building, Dugbe Branch, 9. Opposite Tantalizer,Ogo Oluwa,along Gbongan/Ibadan 1A Obafemi Awolowo Way, J-Allen Roundabout Ibadan Expressway, Oshogbo, Osun State Tel: 02-2413221, 2002792, 01-7649843, 08033568586 Tel: 08087667610 Also location of Zenith Medicare South-West Regional Office E-mail: [email protected]. 11. Port Harcourt Branch: Zenith Bank Building, 73, Rumuola 10. 2,Ezimgbu Link Road, G.R.A Phase IV, Port Harcourt, Rivers Road Port Harcourt 084-301103, 08033388815 State, 12: Abuja Branch: Plot 131a Adetokunbo Ademola Crescent, Tel:08087667613 E-mail [email protected]. Wuse II, Abuja 11. 46, Effurun/Warri Road,Opp.UBA Bank Plc, Warri, Tel: 09-8704489, 08033112919 Delta State 13. Asaba Office: Zenith Bank Building, Plot 150, Blk 1, Core Area Tel: 08087667616 E-mail [email protected] Phase 1, Okpanam Road, Asaba Delta State 12. 63, Weltheral Road, Owerri, Imo State, Tel:08087667612, Tel: 056-290199 [email protected]. Contact person: Felix Agbayeogor 13. 9, Kasunmu Ekemode Street, off Saka Tinubu Street, 14. Zenith Medicare Head Office: 131B Adetokunbo Ademola Victoria - Island, Lagos, Lagos State, Crescent, Wuse II, Abuja FCT 09-4611380-6; 09-2901155 Tel: 01-8130621 E-mail: [email protected] 15. Lagos Office: 1, Ade Odedina Street, Off Sinari Daranjo Street, Nigeria Insurance Digest 2017 207

Directory Of NIA Members Companies As At 1st January, 2018

ROYAL EXCHANGE GENERAL INS. CO. LTD SOVERIEGN TRUST INSURANCE PLC RC 6752 RC 31962 34/36, Apapa-Oshodi Expressway, Charity B/Stop, Oshodi 17, Adetokunbo Ademola Street, Victoria Island, Lagos P. O. Box 112, P. O. Box 74393, Victoria Island, Lagos. Lagos TEL: +234-1-4621710 Tel: 01-7925494, 2691048, 2694503 , FAX: +234-1-4617200, 4615817 Fax: 01-2694504 E-mail: [email protected] DATE OF INCORPORATION: 29th December, 1969 Website: www.stiplc.com DATE OF COMMENCEMENT OF OPERATION: 27th May, 1977 DATE OF INCORPORATION: February 26, 1980 NAME OF CHIEF EXECUTIVE OFFICER: MR. BENJAMIN AGILI DATE OF COMMENCEMENT OF OPERATION: January, 1995 NAME OF CHIEF EXECUTIVE OFFICER: MR. OLAOTAN SOYINKA

ROYAL PRUDENTIAL LIFE ASSURANCE PLC NUMBER OF BRANCHES AND ADDRESSES: RC 614276 1. Abuja Area Office: 40, Agadez Crescent, Off Aminu Kano 31 Marina, Lagos Island Lagos State Crescent, Wuse II, Abuja Tel: 01-2121364, 01-2121365 2. Kaduna Branch Office: CB Finance House, 16E, Ahmadu Bello Website: www.royalexhangeplc.com Way, Kaduna, Kaduna State. Email: [email protected] 3. kano: 4C, Muritala Mohammed Way, Kano State DATE OF INCORPORATION: 20th November, 2008 4. Port Harcourt: Plot 11, Peter Odili Raod, Trans Amadi DATE OF COMMENCEMENT OF OPERATION: 9th July, 2008 Industrial Layout Port Harcourt Rivers State NAME CHIEF EXECUTIVE OFFICER: MR. OLAWALE BANMORE 5. Enugu: 172, Ogui Road, Enugu State. 6. Aba Branch Office: 45, Azikwe Road, Aba, Abia State NUMBER OF BRANCHES AND ADDRESSES: 7. Yenagoa Branch Office: 53, Mbiama-Yenagoa Road, Bond 1. Head Office: 13, Oke Olowogbowo Street, Apongbon, Lagos. Bank Building, Yenagoa, Bayelsa State 2. Abuja: 7, Uzuma Street, Maitama Abuja 8. Warri: 2, WAICO St. Behind UBA Plc, Water Resources, Effurun 3. Aba: 1, Asa Road Aba Warri, Delta State. 4. Abeokuta: 172, Modupeola House, Onikolobo Road Abeokuta 9. Ibadan: 87, Obafemi Awolowo Road, Oke Bola, Oyo State. 5. Akure: Old National bank Building 34, Oyemekun Road 10. Akure: 3, Alagbaka Junction, Akure, Ondo State. Akure 11. Ilorin: Block 20, Irewolede Road, Ilorin, Kwara State 6. Alaba: 123, Olojo Drive, Ojo Alaba Int'l Market Road Lagos 12. Surulere: 12B, Ogunlana Drive SUrulere, Lagos 7. Allen-Ikeja: 103, Allen Avenue Ikeja Lagos 13.Ikeja: 11, IPM Avenue, Off Obafemi Awolowo Way, Alausa, 8. Asaba: 14, Dennis Osadebey Way, Asaba Delta State Ikeja, Lagos 9. Enugu: Canute House, 19/25, Ogui Road, Enugu 14. Apapa: 20, Commercial Road, Apapa, Lagos State 10. Ibadan: Old Sketch Building Road, (first floor) Dugbe Ibadan 15. Lagos Central:21 Boyle Street, Onitan, Lagos 11. Ilorin: 44, Ibrahim Taiwo Road , Opposite Stadium Ilorin 16. Lekki Agency Office: C311, Road 5, Ikota Shopping Complex, 12. Jos: 1B, Richard Road , Murtala Mohammed way, Jos Opposite, Lekki-Epe Exp. 13. Kaduna: 2, Murtala Mohammed Square Kaduna 17.Ojo Agency Office: Yobe Plaza, Shop B002, 001,041,42 14. Kano: 2B, Post Office Road, Kano. International Centre PA Commerce Trade Fair Complex 15. Port Harcourt: 42, Evo Road Port Harcourt (BBA) Badagry Expressway, Lagos 16. Uyo: 130, Atiku Abubakah Ave, Uyo Akwa Ibo State 17. Warri: 107, Effurn-Sapele Road Opposite Water Resources Effurun Delta State. STACO INSURANCE PLC RC 167274 209, Herbert Macaulay Street, Ebute Metta, Sabo, SAHAM UNITRUST INSURANCE NIG. LTD Yaba, Lagos. RC42899 Tel: 01 7741181, 01- 2952696 HEAD OFFICE: Plot 105B Ajose Adeogun Street, Fax: 01-3425466 Victoria Island, Lagos E- mail: [email protected] Telephone: 01-4617031-2, 4626850-2, 2701167-9 Website: www.stacoplc.com Fax:2701165, 4626854 DATE OF INCORPORATION: 10th October, 1991 E-Mail: [email protected] DATE OF COMMENCEMENT OF OPERATION: 1st October, 1994 Website: www.sahamunitrust.com NAME OF CHIEF EXECUTIVE OFFICER: MR. BAYO FAKOREDE DATE OF INCORPORATION: 9th November, 1981 th DATE OF COMMENCEMENT OF OPERATION: 19 August, 1986 NUMBER OF BRANCHES AND ADDRESSES: NAME OF CHIEF EXECUTIVE OFFICER: MR JOHN IJERHEIME 1. Aba: 143, Azikiwe Road, Aba, Abia State 2. Abeokuta: 23, Quarry Road, Ibara, Abeokuta, Ogun State NUMBER OF BRANCHES AND ADDRESSES: 3. Abuja: Plot 118,Aminu Kano Crescent, Wuse II FCT, Abuja 1. PORT HARCOURT: 69, Stadium Road, Port Harcourt, River 4. Akure: 1st Floor,BOI House, (Left wing) End of Oba Adesida State Road, Alagbaka, Akure 2. ABUJA: Cappador Plaza, No 85, Plot 3141, Aguiyi Ironsi Street, 5. Apapa: 1 Ibikunle Akintoye Street,Apapa, Lagos Maitama, Abuja 6. Asaba: 28, Illah Road, Opposite Netrose Hotels, Asaba,Delta 3. KANO: 5C, Muritala Mohammed way, Kano State. State 4. IBADAN: (Broking House) 1, Alhaji Jimoh Odutola Road, Dugbe Ibadan, Oyo State 208 Nigeria Insurance Digest 2017

Directory Of NIA Members Companies As At 1st January, 2018

7. Akwa: 14, Zik's Avenue,Akwa,Anambra State 19. NDIB House (3rd Floor), Behind Zenith Bank, Shehu Laminu 8. Enugu: 111, Chime Avenue,2nd Floor, New Haven, Zanda's Way, Plaza, Enugu Maiduguri. 9. Ibadan: 49 Ring Road by DHL, Ajeigbe, Ibadan,Oyo State 20. Hafsat Plaza, 4, Constitution Road, Behind Oando Filling 10. Ikeja: 32, Mobolaji Bank Anthony Way,Ikeja , Lagos Station, 11. Ilorin: Atidade House, 170, Ibrahim Taiwo Road, Ilorin, Kaduna Kwara State 21. 38 Beiru Rd, By Civic Centre Road, Kano 12. Kaduna: 4, Constitution Road, Beside OANDO 22. 193, Bukuru Rd, British American Junction, Jos Filling Station, Kaduna 23. Suite 1, IICO Building, Mohammed Mu'azu Road, Opp. Niger 13. Kano: 36, Ibrahim Taiwo Road, Kano, Kano State State Supply Company, Minna. 14. Port Harcourt: 1B, Herbert Macaulay Street, Old GRA, Port 24. 60B, Old Market Road, Onitsha, Anambra State Harcourt, Rivers State. 25. 26, Orlu Road New Nkwo Ogbe Market Square, Ihiala. 15. Uyo: 174, Ikot Ekpene Road, Uyo,Akwa Ibom State 26. 78, Hospital road, by Asa Road, Aba, Abia State 16. Victoria Island: 292F, Ajose Adeogun Street, Victoria 27. 1A Chime Avenue New Haven, Enugu Island,Lagos 28. 70 Douglas Road, Owerri, Imo 17. Warri: Thomas House, Km 4, Refinery Road, Effurun, Warri, 29. 48, Old Aba Road, Rumuobiokani, Port Harcourt, Rivers Delta State 30. 43, Muritala Mohammed Highway, Calabar.,Cross River 31. APICO Investment House, 2nd Floor, Olusegun Obasanjo Way, Uyo. 32. 151 Iganmode Road Otta,Ogun STANDARD ALLIANCE INSURANCE PLC 33. 2A Olusesi Osoba Way, Oke-Iiewo, Abeokuta,Ogun RC 40590 34. 46, Ibadan Road, Ijebu Ode Plot 1, Block 94, Providence Street, Lekki Phase 1, Lagos 35. Plot 3, Fagun Road, Sovereign Trust Insurance House, 2nd Tel: 0700467872623 Floor, Fax: 234-1-4619546 Right Wing, Alagbaka, Akure. E - mail: [email protected] 36. 42A Oke-fia street, Osogbo Website: www.sainsuranceng.com 37. 20, Bolumole Str., Off Ring Rd, NEPA Bus Stop, Ibadan. DATE OF INCORPORATION: 28th July, 1981 38. Ilorin branch: 163, Ibrahim Taiwo, Décor Plaza, Ilorin. DATE OF COMMENCEMENT OF OPERATION: 1982 39. 453 Nnebisi Road, Avanti Plaza, Asaba, NAME OF CHIEF EXECUTIVE OFFICER: MR. BOLAJI OLADAPO 40. 9, Airport Road, Warri 41. 80, Isoko Road, Ughelli NUMBER OF BRANCHES AND ADDRESSES: 42. 131, Sapele Road,Road Benin-City 1. HEAD OFFICE: PLOT 1 BLOCK 94, PROVIDENCE STREET, 43. 12B,Kofo Abayomi Street, Apapa. LEKKISCHEME 1, LEKKI LAGOS 44. 1 CAC Road Off Benson B/Stop Ikorodu 2. ABUJA: 3 WARRI STREET, OFF TAFAWA BALEWA WAY, BEHIND 45. 115, Ladipo Street, Papa Ajao, Ladipo, Mushin. INTERNATIONAL CONFERENCE CENTRE, AREA 11, GARKI, ABUJA 46. 9, Oyetubo Street,Infinite Plaza, Off Awolowo Way, Ikeja. 3. AKWA IBOM: APICO INVESTMENT HOUSE, (2ND FLOOR), PLOT 47. Zone A T1, Opposite Block A1 Line, Aspamda, Trade Fair 24, BLOCK 1, OLUSEGUN OBASANJO WAY (FORMER ABAK ROAD), Complex, UYO Badagry Expressway. 4.BORNO: 25 CHARI HOUSE, SIR KASHIM IBRAHIM ROAD, 48. 87/89 Lagos road Opposite Badagry Grammar School, MAIDUGURI Badagry. 5. DELTA: 9 AIRPORT ROAD, EFFURUN, WARRI 49. 10 Akewusola Street, off Lagos Road, Opp. First Bank, Epe. 6. EDO: 131B SAPELE ROAD, BENIN CITY 50. 43, Martins Str., Mandila Building, Marina 7. EKITI: 66 SECRETARIAT/BANK ROAD, ADJACENT ECOBANK, 51. 108, Ikorodu Rd, Palm Groove Bus Stop BANK ROAD, ADO-EKITI 8. IMO: 134 WETHERAL ROAD, OWERRI 9.KADUNA: 24 CONSTITUTION ROAD, OPPOSITE ABS GYMNASIUM HALL, KADUNA STERLING ASSURANCE NIGERIA LIMITED 10 KWARA: 163 IBRAHIM TAIWO ROAD, DÉCOR PLAZA, ILORIN RC 155682 11. LAGOS: 28 PELERUWA CRESCENT, OFF RANDLE ROAD, APAPA 284, Ikorodu Road, Anthony, Lagos 20 ALLEN AVENUE, OPPOSITE OSOPEY PLAZA, IKEJA Tel: 08150643531-2 12. OGUN: 2A OLUSEGUN OSOBA WAY, OKE-ILEWO, ABEOKUTA E-mail: [email protected] 13. ONDO: 9B, AKURE-OWO ROAD, 2ND FLOOR (ULE-UYI), BESIDE Website: www.sterlingassure.com DATE OF INCORPORATION: 11th October 1990 ECOBANK, ALAGBAKA, AKURE DATE OF COMMENCEMENT OF OPERATION: January 1991 14. OSUN: 42, OKEFIA STREET, OPPOSITE ALL SOULS CHURCH, NAME OF CHIEF EXECUTIVE OFFICER: DR. F. K LAWAL OSHOGBO 15. OYO: 20 BOLUMOLE STREET, OFF RING ROAD, NEPA BUSSTOP, NUMBER OF BRANCHES AND ADDRESSES: IBADAN 1. PORT HARCOURT BRANCH: 2, Ikwere Road Port Harcourt 16. RIVERS: 11B CIRCULAR ROAD, PRESIDENTIAL ESTATE, GRA, Rivers State 08057696165 PORT HARCOURT 2. IBADAN BRANCH: S/W 1407, Ring Road (Opposite Honey 17. 3 Warri Street, off Tafawa Balewa Way, Behind ICC, Area 2, Petrol Station) Ibadan, Oyo State 08057696109 Abuja. 3. KADUNA BRANCH Unity Bank Regional Office Building 1, 18. New Bridge Road, Makurdi Intercity Road, Morgadishu Layout off Ahmadu Bello Way, Nigeria Insurance Digest 2017 209

Directory Of NIA Members Companies As At 1st January, 2018

Kaduna 08057696197 Email: [email protected] 4. KANO BRANCH Union Bank Building (1st floor) 37, Niger Street FAX :+ 234 09 461 9901 Kano 08057696098 TEL NO: +234 09 461 9900 5. ABUJA BRANCH Suite C1 Shelter Aid Plaza Plot 2371 DATE OF INCORPORATION: 1973 (Incorporated as Kano State MamboloStreet Beside First Bank Plc, Wuse Zone 2, Abuja Insurance Company Ltd and changed name to Kapital 08057696145 Insurnace Company Ltd in 1981. Merged with two other 6. WARRI BRANCH Ken Plaza, 229, Jakpa Road Effurun, Warri, companies Intercontinental Assurance Company Ltd and Delta State 08057696194 Global Commerce and General Assurance Company Ltd and 7. CALABAR BRANCH 1b, Edabor Street, Off Marian Road became Unitykapital Assurance Plc in 2007 CalabarCross River State 08057696153 DATE OF COMMENCEMENT OF OPERATION: 1974 (commenced 8. ILORIN BRANCH 19, Unity Road Ilorin Kwara State operations as Unitykapital Assurance Plc on March 14, 2007 08057696139 NAME OF CHIEF EXECUTIVE OFFICER: Mr. POLYCARP O. DIDAM 9. ADO-EKITI BRANCH MTN Building, Beside Captain Cook, Fajuyi Road, Ado-Ekiti, Ekiti State 08057696138 NUMBER OF BRANCHES AND ADDRESSES 10. MARINA BRANCH: New Africa House (3rd Floor) 31 Marina 1. Abuja Corporate Head Office-Plot 497 Abogo Largema Street, Lagos 08057696181 Off Constitution Avenue, Central Business District P.M.B 13233 Wuse III Abuja, FCT-Nigeria 900211. 2. Akure- ISCO House, Opposite Mr. Biggs, Old Ado/Owo Road, SUNU ASSURANCES NIGERIA PLC 3rd Floor, Wing A, Alagbaka, Akure RC 65443 3. Bauchi – Gidan Mai, Off Adamu Jumba Road, by Local Plot 1196, Bishop Oluwole Street Off Akin Adesola Street Government Pension Board, Bauchi VictoriaIsland Lagos. 4. Benin- No. 82, 1st East Circular Rd, Benin City, Edo State. Tel: 234-1-2802012 5. Calabar- Ephraim keys Int'l Plaza, No 45, Murtala Email: [email protected] Mohammed Highway, Calabar. Website: www.sunu-group.com 6. Dutse- Suite No 2 G9 Quarters Rd off Asma”u House, Dutse, th DATE OF INCORPORATION: 13 DECEMBER 1984 Jigawa State. th DATE OF COMMENCEMENT OF OPERATION: 13 DECEMBER, 7. Lagos- Plot 173, Gbagada/Oshodi Expressway, Opp. UPS 1984 Express Office, Gbagada, Lagos NAME OF CHIEF EXECUTIVE OFFICER: MR. SAMUEL OGBODU 8.Ibadan – Iba-Oluyole Shopping Mall Opposite Heritage Mall, 16 Obafemi Awolowo Way, J. Allen Area Dugbe Ibadan NUMBER OF BRANCHES AND ADDRESS: 9. Kaduna- NUT Endwell House, B8 Mogadishu City Centre, Off 1. Port Harcourt Regional Office 19, Circular Road, Presidential Intercity bank Road, Kaduna Estate,P. O Box 2709 &2463 Port Harcourt TEL: 084-236114, 10. Kano – Unitykapital House, No 116, Hadejia Rd, Kano 239552,239563, 08079992613 11. Katsina- Katsina State Investment House No 61 IBB Way, FAX: 084-236115 Katsina 2. Abuja Office: 66, Ladoke Akintola LG Building Garki 2, Abuja 12. Minna- 2 Airport Rd, Minna P.O Box 2163 Abuja 13. Onitsha- No 41 New Market Rd, NOC Link Plaza, Onitsha Tel: 09-5234741, 5234200, 08079992611 14. Port Harcourt – Unity Bank Plc Premises, 198A, Aba Rd, 3. Ibadan Office: No69, Dikat Bus Stop, Ring Road, Ibadan. Tel: Opposite, Presidential Hotel, Port Harcourt 02-2413472, 08079992612 15. Sokoto- No 8, Kano Rd, Sossco Building Second Floor, Sokoto, 4. Kaduna Office: NIDB House, 18, Whaft Road, P.O Box 3134, Sokoto State. kaduna 16. Warri- No 69, Sapele/ Effurun Rd., Effurun, Warri. Tel: 062-248542, 08079992601 5. Kano Office: 7, Bompai Road, kano Tel: 064-635997, 08079992606 UNIVERSAL INSURANCE PLC 6. Onitsha Office 41, New Market Road opposite UBA main RC2460 branch, P.O.Box 14935, Onitsha, Anambra No. 8, Gbagada Expressway, Anthony, Lagos Tel: 046-412608, 480763, 08079992608 Tel: 01 2934645 7. Warri Office Block 3, Edewor Shopping Centre, Warri- E- mail: [email protected] Sampele Road, Effurn P.O.Box 4355 Warri, Delta Website: www.universalinsuranceplc.com Tel: 07029854129, 08079992614 DATE OF INCORPORATION: 1st March 1961 8. Abeokuta Office 49, Tinubu Street, Ita Eko, Abeokuta, Ogun DATE OF COMMENCEMENT OF OPERATION: 1st April, 1961 State NAME OF CHIEF EXECUTIVE OFFICER: BEN UJOATUONU Tel: 039-2445729, 08079992602 NUMBER OF BRANCHES 1. Abuja Office: SCCN House, Plot 184, Adetokunbo Ademola VERITAS KAPIITAL ASSURANCE PLC Crescent Wuse 11, Abuja RC-11785 2. Abakaliki Office: 26A, Water Works Road, Abakaliki, Ebonyi Plot 497, Abogo Largema Street, Off Constitution Avenue, State CentralBusiness District, P.M.B 13233 Wuse III, Abuja, FCT- 3. Enugu Zonal Office: No 4 Ridgeway/Station Road, Enugu Nigeria 900211. State Website: www.veritaskapital.com 4. Onitsha Office: 4, Oguta Road, Onitsha, Anambra State 210 Nigeria Insurance Digest 2017

Directory Of NIA Members Companies As At 1st January, 2018

5. Owerri Office: 4, Assumpta Avenue, Owerri Imo State DATE OF COMMENCEMENT OF OPERATION: 23rd March, 2004 6. Port Harcourt Office: 245 Aba/ PortHarcourt Express Road, NAME OF CHIEF EXECUTIVE OFFICER: MR. KENY BORISADE Port Harcourt (former shell Recruitment centre) Rivers State. NUMBER OF BRANCHES AND ADDRESSES 1. Head Office Annex: Plot 280A, Ajose Adeogun Street, Victoria Island, Lagos WAPIC LIFE ASSURANCE LTD 2. Ikeja: 65, Adeniyi Jones Avenue, Ikeja, Lagos RC675456 3. Abuja: Plot 131A, Adetokunbo Ademola Crescent, Wuse 2, NAME OF CHIEF EXECUTIVE OFFICER: MR. AYODEJI BANKOLE- Abuja OLUSINA (ACTING) 4. Enugu: 23A, Presidential Road, Enugu

NUMBER OF BRANCHES AND ADDRESSES: OPERATIONAL OFFICES 1. 2nd Floor, Plot 6, Intercontinental Bank Building, Jos Street, 1. Marina: Zenith Bank Building, 135 Broad Street, Marina, Area Lagos 3, Abuja, FCT 2. Port Harcourt: Zenith Bank Building, Plot 73, Rumuola Road, 2. Intercontinental Bank Building Ring Road Ibadan Port Harcourt 3. Intercontinental Bank Building, 130 Akpakpava Road, Benin 3. Benin: Zenith Bank Building, 89/91 Sapele Road, Opposite 4. 420 Tran Amadi, Industrial Layout PH Ministry of Works, Benin 5. Gidan Goldie, 2 Niger Street, Kano 4. Kano: Zenith Bank Building, 56, Tafawa BAlewa, Muritala 6. Intercontinental Bank Regional Office, Plot 7, Ebeano Layout Muhammed Way, Kano. Garden Avenue, Enugu 5. Ibadan: Zenith Bank Building, 1, Obafemi Awolowo Way, J- UNIVERSAL INSURANCE PLC WAPIC Allen Roundabout, Ibadan 6. Asaba: Zenith Bank Building, Plot 150, Block 1, Core Area WAPIC INSURANCE PLC Phase 1, Okpanam Road, Asaba. RC 1647 7. Warri: Zenith Bank Building, Warri-Sapele Road, Opposite 50, Awolowo Road, Ikoyi Lagos. Urhobo College, Effurun Tel: 01 4615153,8119857 8. Uyo: Zenith Bank Building, Plot 4, Bank Layout, Udoudema E - mail :[email protected] Avenue, Uyo Website :- www.intercontinentalwapic.com 9. Aba: Zenith Bank Building, 1, Eziukwu Road, Aba DATE OF INCORPORATION: 1958 10. Ikeja 2: Zenith Bank Building, 24 Oba Akran Avenue, Ikeja, DATE OF COMMENCEMENT OF OPERATION:-1958 NAME OF CHIEF EXECUTIVE OFFICER: MRS. YINKA ADEKOYA Lagos 11. Apapa: Zenith Bank Building, 15, Warehouse Road, Apapa, NUMBER OF BRANCHES AND ADDRESSES: Lagos 1. Access Bank Building 2nd Floor, Plot 6 Jos Street Area 3 (Opp. Sharon Ultimate Hotel) Abuja 0818 189 7300 ZONAL MANAGER: AISHA AMADE 2. Access Bank Building, 70 Mission Road, Benin Edo State 0702 905 5204 ZONAL MANAGER: EFFIONAYI OGBEMUDIA 3. Access Bank Building, beside Tantalizer, Mobil, Ring Road, Ibadan 0702 903 7801 ZONAL MANAGER: GBADEBO AJAYI 4. 2, Niger Street Gidangoldie Kano, Kano State 0702 825 2429 ZONAL MANAGER: YINKA ADENIYI 5. Access Bank Building 41, Trans Amadi Industrial Layout, Port Harcourt, Rivers State 0702 801 5724 ZONAL MANAGER: EKANEM EMMANUEL 6. Access Bank Regional Office, Plot 7, Ebeano Layout, Garden Avenue Enugu 0819 040 5563 ZONAL MANAGER: NGOZI OBIOHA-NKEMDIRIM (MRS)

ZENITH GEN INS COMPANY LTD RC 6761 13th & 14 th Floor, Civic Towers, Ozumba Mbadiwe Avenue, Victoria Island, Lagos, Nigeria Tel: +234 1 2783421, +234 1 2783411 Fax: E - m a i l : [email protected] a n d [email protected] Website: www.zenithinsurance.com.ng DATE OF INCORPORATION: 23rd March, 2004