csrreporters 
Linkage Assurance Plc has reported a significant 50% increase in revenue for the 2024 financial year, reaching N22.2 billion—up from N14.84 billion recorded in 2023.
However, Profit Before Tax (PBT) saw a marginal decline of 3%, standing at N5.3 billion in 2024 compared to N5.5 billion in the previous year.
Presenting the company’s financial performance at its 31st Annual General Meeting (AGM) held in Lagos, Chairman Joshua Fumudoh described the results as strong and strategic despite challenging economic conditions.
He noted that the company recorded N9.48 billion in investment income and other revenue streams in 2024, up 5% from N9.06 billion in 2023. Additionally, total assets rose significantly to N65.68 billion, compared to N51.33 billion the previous year—a 28% increase.
Fumudoh affirmed Linkage Assurance’s resilience and commitment to long-term value creation, crediting the strong performance to sound governance and strategic execution.