Unitrust Insurance claims payout rises 77.3% in Q1

Unitrust Insurance Company Limited has announced an impressive financial performance for the first quarter of 2026, recording 27.8 percent year-on-year growth in premium income and 77.3 percent in claims settlement.

The performance the Company said further reinforces its position as a reliable and customer-focused insurer.

At the end of the first quarter 2026, the Company’s Gross Written Premium rose to N9.93 billion, representing compared to N7.77 recorded in Q1 2025. This notable growth underscores the effectiveness of Unitrust’s strategic initiatives, expanding market reach, and growing customer confidence in its offerings.

In demonstration of its commitment to customers, Unitrust Insurance paid out a total of N1.56 billion in claims in Q1 2026, marking a significant 77.3 percent increase from the N879. 35 million paid in Q1 2025. This substantial rise in claims settlement highlights the Company’s readiness to stand by its customers and deliver on its promises without delay.

Speaking on the results, Arowojolu Adedayo, managing director, Unitrust Insurance reaffirmed the Company’s dedication to reliability and trust:

“Insurance is ultimately about trust, and at Unitrust, we take that responsibility seriously. Our growth in premium reflects the confidence our customers have in us, while our increased claims payout demonstrates our unwavering commitment to being there when it matters most.”

The dual growth in premium income and claims payout reflects a balanced strategy, one that not only drives business expansion but also prioritises customer satisfaction and peace of mind. At a time when trust and responsiveness are critical in the insurance industry, Unitrust continues to distinguish itself through prompt claims settlement and innovative, customer-centric solutions.

As the Company builds on this strong start to the year, it remains focused on deepening customer relationships, enhancing service delivery channels, and delivering value that goes beyond insurance coverage.

Unitrust Insurance is a leading non-life insurance company in Nigeria, known for its speed in claims settlement, reliability, and customer-first approach. The Company remains committed to delivering exceptional value through innovative products and superior service delivery.