September 4, 2023/Heirs Insurance Heirs Insurance Group, comprising Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), announced a record-high 226% jump in Gross Written Premium (GWP), from N6.1bn in 2021 to N19.9bn for the financial year ended December 31, 2022. With the strong performance sustained in its second year […]
Results & Dividends
GTCO H1’23: Strong Revaluation Gains Boost Profits
September 4, 2023/CSL Research GTCO’s H1 2023 audited numbers showed a 53.5%y/y growth in Interest Income to N225.95bn driven by growth in Interest Income on Net Loans and Investment Securities. Net Loans and advances to Customers was up 22.8% in H1 2023 relative to December 2022 (inclusive of the impact […]
GTCO H1-23: Higher Non-funded Income Improves Operational Efficiency
September 4, 2023/Cordros Report Guaranty Trust Holding Company Plc (GTCO) published its H1-23 audited financial statement at the close of business on Friday (01 September), revealing a significant growth (+268.2% y/y) in EPS to NGN9.94 (vs NGN2.70 in H1-22). The sturdy growth in the group’s earnings was supported by the […]
