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Fri 21st November, 2008 Quick Links  Get an insurance quote download proposal forms  Find an insurance agent  Access Claim Center  Make enquiries    Investment Case  Directors & Other Partners  History & Background  Organisational Structure  Industry Analysis  External Rating & Awards  Growth Strategy  Premises  Future Plans  Merger/Consolidation Plans  Risk Factors  Financial Summary  Make Enquiry IGI Profile Board & Management Partners (Reinsurers) Subsidiaries Clientele Branch network IGI News Products & Services Life & Pension Products Non-Life Products Other Services Social Responsibility Career @ IGI Enquiry Subscribe to IGI Newsletter Visitor Home Policy Holder  |  Broker  |  Staff  |  Investor   LIFE REVENUE ACCOUNT For the year ended 31st December, 2007 2007 2006 N'000   N'000 Gross premium  1,678,096  884,329 Reinsurance ceded      (167,575)      (114,220) Net premium  1,510,521   770,109 Commission received      41,312      22,835  1,551,833  792,944 Expenses:       Net Claims paid   207,700    41,885 Surrender 103,044 104,130 Underwriting expenses: Acquisition cost 206,088 206,574 Maintenance cost 177,174 101,609 Transfer to general reserve fund 377,630 192,527      1,071,636       646,725 Underwritng profit       480,197       146,219

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