Having handed over N$7.7 million in dividends in the last financial year, Namibia’s only special risks insurance company, Namibia Special Risks Insurance Association Limited (NASRIA) has handed over a dividend of N$16 million for the 2024 financial year to its sole shareholder, the Government.

The dividend comes at the backdrop of a historic milestone for NASRIA where investment income totalled N$83 million.

“This dividend is not just a financial transaction; it represents the culmination of hard work, dedication, and a shared vision for a prosperous Namibia. Over the past year, NASRIA has navigated various challenges with resilience and adaptability. Our focus on sound corporate governance has been paramount. We have implemented robust internal controls and transparent processes that ensure accountability at every level of our organization. This commitment to integrity has not only fortified our operational framework but has also enhanced our reputation as a reliable partner in the insurance sector,” affirmed NASRIA’s Managing Director, Mr John Uusiku.