Unitrust Insurance positive on recapitalisation plan



Unitrust Insurance Company Limited has assured its customers, shareholders and critical stakeholders that it will scale through the hurdle of the ongoing recapitalisation exercise in insurance sector of the nation’s economy.

Giving this assurance at the Unitrust Insurance End-of- Year Dinner/Award in Victoria Island, Lagos Adedayo Arowojolu, managing director/CEO said his optimism is backed by the assurance of the board to do everything possible to scale through even as he said, the company is in a comfortable financial position currently to meet requirement.

Disclosing that the company recorded a gross premium income of N14 billion in its 2024 financial year, he assured that Unitrust Insurance Company will double that figure in the outgoing year.

Arowojolu attributed the company’s success to the unwavering commitment of its staff and the divine grace, applauding its customers, shareholders, and stakeholders for their continued support and encouragement.

According to him, “the company’s remarkable performance in 2025 is a testament to its dedication to providing innovative insurance solutions to its customers.

With a customer base of over 12,000 policyholders, Unitrust Insurance has established itself as a leading player in the Nigerian insurance industry.”

He also acknowledged the contributions of key customers, including ITV, Superfoods, among others.

The end-of-year celebration featured the presentation of awards to staff in various categories, recognizing their dedication and contributions to the company’s growth.

The Extra Mile Award and Code Red Award went to AbdulRahman AbdulFatai; Adebayo Stephen won the Unitrust Innovation Award; Best Dressed Female Award was for Miriam Efedhoma-Okeke while Abiodun Akinnibosun won the Best Dressed Male Award even as Cordelia was decorated the Best Cleaner Award.

For Long Service Award, Nkechi Agu who already spent 25-years with the company;Ijeoma Patrick – 20-years with Unitrust; Emmanuel Aniemeke- 20-years; Ebuka Williams -15-years; Joy Isemede – 15-years and Ngozi Odikanu – 10-years were all rewarded for their years in service of the insurer.

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd.

A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia.

Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.

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