From Capital Express Assurance Limited Annual Accounts Reports, Gross Domestic Product grew by 3.79% with policies like Target Saving, Children Education, Group Life Assurance Scheme, Flexi 3, Credit Life Assurance, and 3 Payment Plan.

Annual Accounts


2016 Annual Report

During the financial year under reviews, the company generated a gross premium income of N2.455 billion against N4.456 billion recorded in the previous year (approximately 45% declined). The sharp drop was traceable to a deliberate intent to limit our exposure on corporate business with historical adverse claim experience and discourage unrestricted participation in the usual, follow the broker-driven market rate account.

2015 Annual Report

Despite the inclement operating environment and other challenges peculiar to the insurance industry, our company weathered the storm and was proactive to put in place strategic initiatives, built on a solid foundation for our long term growth trajectory. The company more than doubled its top line from the previous year, by achieving a gross premium written of N4.9 billion in 2015 financial year against N1.9 billion recorded in 2014. Also, our investment income and profit before tax (PBT) increased by 70% and 243% respectively.

2014 Annual Report

The company recorded a drop of 44% in gross premium written when compared with prior year; however net premium income rose by 13% resulting from a significant business volume written towards the end of 2013 financial year but earned in the current financial year. Net claims expenses amounted to N1,417 million representing a marginal decrease of 3% compared to prior year.

2013 Annual Report

The company recorded a drop of 44% in gross premium written when compared with prior year; however net premium income rose by 13% resulting from a significant business volume written towards the end of 2013 financial year but earned in the current financial year. Net claims expenses amounted to N1,417 million representing a marginal decrease of 3% compared to prior year.