Our Financials

Guaranty Trust Assurance plc has grown rapidly over the past five years. We have continued to deliver superior financial performance both on our income lines and our balance sheet size. The company has achieved huge strides in attaining leadership position. From 2004, GTAssur's Premium income grew from N136 million to N 4.14 billion, a Compounded Annual Growth Rate (CAGR) of 98%, whilst claims payment increased from N16.4 million to over N797million in 2008. This represents CAGR of 117% in the past 5 years.

The company closed the 2008 financial year with a turnover of N4.14 billion up from N2.06 billion the previous year. This represents a growth rate of 101%. Total Asset and Shareholders' Funds stood at N16.490 billion and N12.526 billion respectively as at December 31, 2008 up from N 7.975 billion and N 6.298 billion from the previous year. This represents growth rates of 107% and 99% respectively.