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Insurers’ underwriting profit falls by 22.10% in Q3 as expenses mount

The largest listed insurance companies’ underwriting profit for the first nine months of 2019 fell by 22.10 percent compared to the same period last year, while industry combined ratio weakened from the prior period, according to analysis by BusinessDay. The industry underwriting income reached N21.87 billion in September 2019, which is lower than the N28.11…

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