![]() | DATE OF CREATION:1 January 1978, Nigeria |
| CLASSES OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING REGIONS: Nigeria | |
| CONTACT: Reinsurance House 46, Marina. P.M.B. 12766, Lagos, Nigeria | |
| Tel: +234 8148008571, +234 7064679939 | |
| Email:contact@nigeriare.com | |
| Website:www.nigeriare.com |
Nigeria Re : Main indicators
in USD| 2016 | 2017 | ![]() | |
| Turnover | 2 062 000 | 2 757 000 | |
| Shareholder’s equity | 65 301 000 | 53 811 000 | |
| Net result | 2 802 000 | -732 000 |
Exchange rate as at 31/12/2016 : 1 NGN = 0.0033 USD ; as at 31/12/2017 : 1 NGN = 0.00275 USD
Nigeria Re : Technical ratios
| 2016 | 2017 | |
| Loss ratio | 47.47% | 45.58% |
| Management expenses ratio | 27.77% | 27.23% |
| Combined ratio | 75.24% | 72.81% |
Nigeria Re: Capital and shareholding
| Main Shareholder | In % |
| Nigerian state | 100% |
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Nigeria Re: Management
| Amos Akingba | Chairman & general manager |
| Isioma Chukwuma | CEO |
| Esther A. Ajayi | Executive director, finance & administration |
| Barrister O. Ayodeji Alonge | Company secretary / Legal adviser |
Nigeria Re : Rating
| Agency | Rating | Outlook |
| GCR | BBB+ (National business) | Stable |
| GCR | B (National business) | Stable |
Read also | Africa Re


