Universal Insurance PLC · UNIVINS.LG

Universal Insurance Plc is a Nigeria-based company that is engaged in the business of providing risk underwriting, related financial services and hospitality services to its customers. The Company is engaged in the non-life insurance business, which includes motor, fire, general accident, workmen compensation, burglary, marine cargo, marine hull and aviation. Its products include auto insurance, all risks insurance, boiler and pressure vessels insurance, bond insurance, builders liability insurance burglary and house breaking insurance, contractors all risks insurance, employers liability insurance, agricultural insurance, erection all risks insurance, fidelity guarantee, fire and special perils, goods in transit, group personal accident insurance, health care professional indemnity and machinery breakdown, among others. Its durable business profile is anchored in deposit gathering, credit origination, treasury operations, payments, relationship banking and risk management. Demand is linked to household financial inclusion, business financing needs, transaction banking, digital channels and confidence in regulated Nigerian financial institutions. Investors should monitor asset quality, capital adequacy, funding costs, liquidity, governance and exposure to interest-rate and foreign-exchange cycles.