Universal Insurance Plc has announced that its 55th Annual General Meeting (AGM) will take place on Thursday, October 23, 2025, at The Grandeur Events Center, Ikeja, Lagos, starting at 10:00 a.m.
At the meeting, shareholders will review the company’s audited financial statements for the year ended December 31, 2024, along with reports from the Board, Auditors, and the Audit Committee. The agenda includes:
Appointment and remuneration of external auditors.
Re-election of directors and election of new Audit Committee members.
Approval of remuneration for managers and non-executive directors, in line with the Companies and Allied Matters Act (CAMA) 2020.
Re-election of Mr. Jasper Nduagwuike as a director, who is retiring by rotation but has offered himself for re-election.
Shareholders have also been invited to nominate members to the statutory Audit Committee and submit questions ahead of the AGM, in line with NSE rules. The company has made its e-annual report available online, which can be downloaded from www.universalinsuranceplc.com
Investor Insight
For investors, this AGM provides a chance to assess management’s performance and hold the board accountable for 2024 results. While no dividend declaration is mentioned in the notice, the meeting will focus heavily on governance issues like director re-election and audit oversight. Investor reactions may depend on whether the financial statements show growth or challenges for 2024, and whether management outlines a convincing strategy for 2025.
