The Oceanic Insurance group has announced it's 2007 technical result

The group Oceanic Insurance has posted a 2007 technical result of 635.3 million NGN (5.4 million USD) for its non life subsidiary whose turnover has risen from 196.3 million NGN (1.6 million USD) in 2006 to 1.27 billion NGN (10.8 million USD) in 2007.
The life subsidiary of the group Oceanic Life Insurance Company Limited, has, on the first year of operation, collected a gross premium volume of 351.5 million NGN (3 million USD).