SIC Insurance Company Limited (SIC)

@Thu, 28 Mar 2024

SIC Insurance Company Limited (SIC)

0.24

0.00%

0.00

Thu, 28 Mar 2024

SIC Insurance Company Limited is one of the oldest non-life (general business) insurance companies in Ghana, which was incorporated in February 1962. SIC is the leading provider of non-life insurance products in Ghana with an estimated Market share of over 25%. SIC Insurance writes all classes of short term insurance including motor, fire, marine, aviation, general accident, and policies for the hospitality industry. SIC is the manager of a pool of insurance companies that was formed to underwrite risks in Ghana’s oil and gas sector prior to the commencement of commercial oil production in late 2010. The company is planning a capital raising exercise to finance the diversification of its operations into a lucrative real estate industry in Ghana and entry into neighboring countries such as Liberia and Sierra Leone.

1962: Year established
2007: Listed on the Ghana Stock Exchange via a GHS29.35 million IPO that was oversubscribed by 97%.
2015: Ongoing legal tussle with Ivory Finance over a credit guarantee (GHS19.30 million) that went bad.

2018-12-31
2017-12-31
2015-12-31
2014-12-31

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Full Name	Share	Share Percent (%)

GOVERNMENT OF GHANA C/O MINISTRY OF FINANCE	78,258,000	40.00
SOCIAL SECURITY AND NATIONAL INSURANCE TRUST	23,127,392	11.82
SCGN/BANQUE PICTET & CIE SA RE, GENEVA RE, PATRICK SCHEGG	9,666,764	4.94
SCGN/BANQUE PICTET & CIE SA RE NONTAX 6275J,	9,666,764	4.94
OFORI DANIEL	7,804,815	3.99
DEGBOTSE EMMANUEL KOBLA	5,085,565	2.60
SCGN/JPMC RE DUET AFRICA OPPORTUNITIES MATER FUND IC GTI:AEX26	4,214,200	2.15
SCGN/JPM IRE RE CORONATION FD MGR IRE ON BEHALF	3,851,210	1.97
SCGN/CITIBANK LONDON OP - AFRICA FUND, (NON-UCITS)	3,799,800	1.94
SCGN/JP MORGAN CHASE DUET GAMLA LIV AFRICA, OPPORTUNITIES FUND IC	2,677,300	1.37
SIC-FSL/SIC LIFE SECURITIES TRADING A/C	2,662,200	1.36
TEACHERS FUND	2,066,700	1.06
GHANA COMMERCIAL BANK LTD	2,000,000	1.02
SIC EMPLOYEE SHARE OWNERSHIP PLAN	1,967,560	1.01
PRESTIGE CAPITAL LIMITED	1,837,900	0.94
GHANA REINSURANCE COMPANY LIMITED GENERAL BUSINESS	1,661,912	0.85
SCGN/CITIBANK KUWAIT INV AUTHORITY	1,303,900	0.67
METLIFE CLASSIC A/C, STD NOMS TVL PTY/METLIFE GOLD PLAN FUND MICAC	985,000	0.50
STATE INSURANCE COMPANY PROVIDENT FUND ACCOUNT	921,669	0.47
MAINSTREAM REINSURANCE COMPANY LIMITED	517,332	0.26
Total for Top 20 Shareholders	164,075,983	83.86

Full Name	Share	Share Percent (%)

GOVERNMENT OF GHANA C/O MINISTRY OF FINANCE	78,258,000	40.00
SOCIAL SECURITY AND NATIONAL INSURANCE TRUST	23,090,392	11.80
SCGN/BANQUE PICTET & CIE SA RE NON TAX 6275J	9,666,764	4.94
SCGN/BANQUE PICTET & CIE SA, GENEVA RE PATRICK SCHEGG	9,666,764	4.94
OFORI DANIEL	7,804,815	3.99
SCGN/JPMC RE DUET AFRICA OPPORTUNITIES MATER FUND IC GTI:AEX26	4,214,200	2.15
DEGBOTSE EMMANUEL KOBLA	3,894,765	1.99
SCGN/CITIBANK LONDON OP-AFRICA FUND(NON-UCITS)	3,799,800	1.94
SCGN/JP MORGAN CHASE DUET GAMLA LIV AFFRCA OPPORTUNITIES FUND IC	2,677,300	1.37
SIC LIFE COMPANY LIMITED	2,501,200	1.28
SCBN/CITIBANK LONDON ROBECO AFRIKA FONDS N.V.	2,292,700	1.17
SCGN/JPN IRE RE CORONATION FD MGER IRE ON BEHALF OF THR AFR FRTR, A SUB-FUND OF THE CORO.UNIV FD	2,155,600	1.10
TEACHERS FUND	2,066,700	1.06
SIC EMPLOYEE SHARE OWNERSHIP PLAN	2,033,435	1.04
GHANA COMMERCIAL BANK LTD	2,000,000	1.02
GHANA REINSURANCE COMPANY LIMITED GENERAL BUSINESS	1,661,912	0.85
STBN/CORONATION AFRICA FUND - NOTDAM	1,429,260	0.73
SCGN/CITIBANK KUWAIT INV AUTHORITY	1,303,900	0.67
STBN/CORONATION AFRICA FUND - HBDJER	1,069,500	0.55
SCGN/SS LUXEMBOURG C/O SSB & TRUST COMPANY, BOSTON RE SGKB(LUX)-XJHK	1,060,000	0.54
Total for Top 20 Shareholders	162,647,007	83.13

Full Name	Share	Share Percent (%)

GOVERNMENT OF GHANA C/O MINISTRY OF FINANCE	78,258,000	40.00
SOCIAL SECURITY AND NATIONAL INSURANCE TRUST	23,090,392	11.80
SCGN/ PICTET AFRICA NON TAX 6275J	19,333,528	9.88
STD NOMS/BNYM SANV/NEON LIBERTY EMERGING MARKETS FUND LP	6,912,160	3.53
SCGN/CITIBANK LONDON OP - AFRICA FUND (NON-UCITS)	3,799,800	1.94
SCGN/JP MORGAN CHASE DUET AFRICA OPPORTUNITIES FUND IC	3,214,200	1.64
SCGN/STANDCHART MAURITIUS RE PINEBRIDGE SUB-SAHARAN AFRICA EQUITY MASTER FUND, LTD,	2,696,000	1.38
SIC LIFE COMPANY LIMITED	2,669,200	1.36
SCBN/CITIBANK LONDON ROBECO AFRIKA FONDS N.V.	2,292,700	1.17
SCBN/CORONATION AFRICA FUND - UNIAF	2,155,600	1.10
SIC EMPLOYEE SHARE OWNERSHIP PLAN	2,121,735	1.08
TEACHERS FUND	2,066,700	1.06
GHANA COMMERCIAL BANK LTD	2,000,000	1.02
GHANA REINSURANCE COMPANY LIMITED GENERAL BUSINESS	1,661,912	0.85
SCGN/JPMC INVESTERINGSFORENINGEN SYDINVEST	1,456,000	0.74
STBN/CORONATION AFRICA FUND - NOTDAM	1,429,260	0.73
STBN/CORONATION AFRICA FUND - HBDJER	1,069,500	0.55
SCGN/ RBC HYPOSWISS (LUX) FUND- AFRICAN DAWN (USD)	1,060,000	0.54
OFORI DANIEL	1,001,000	0.51
STD NOMS (TVL) PTY/ METLIFE CLASSIC FUND	985,000	0.50
Total Top 20 Shareholders	159,272,687	81.41

Industry

Insurance

Auditors

Deloitte & Touche, Chartered Accountants, The Deloitte Place, Plot No. 71, Off George Walker Bush Highway, North Dzorwulu. P. O. Box GP 453, Accra.

Secretary

Mrs. Lydia Hlomador

Registrar

NTHC Limited Martco House P O Box KIA 9563 Airport, Accra

Solicitors

Registered Office

Nyemitei House 28/29, Ring Road East, Osu, Accra.

Subsidiaries

SIC Financial services Ltd

GSE-CI 3,456.53 4.54(+0.13%)

GSE-FI 2,001.47 0.00(0.00%)

Market Cap 76,660.15 0.00(0.00%)

AADS 0.41 0.00(0.00%)

ACCESS 4.45 0.00(0.00%)

ADB 5.06 0.00(0.00%)

AGA 37.00 0.00(0.00%)

ALW 0.10 0.00(0.00%)

ASG 8.89 0.00(0.00%)

BOPP 21.53 0.00(0.00%)

CAL 0.42 0.00(0.00%)

CLYD 0.03 0.00(0.00%)

CMLT 0.10 0.00(0.00%)

CPC 0.02 0.00(0.00%)

DASPHARMA 0.38 0.00(0.00%)

DIGICUT 0.09 0.00(0.00%)

EGH 6.10 0.00(0.00%)

EGL 2.39 0.00(0.00%)

ETI 0.15 0.00(0.00%)

FML 3.20 0.00(0.00%)

GCB 3.43 0.00(0.00%)

GGBL 4.44 0.00(0.00%)

GOIL 1.50 0.00(0.00%)

HORDS 0.10 0.00(0.00%)

IIL 0.05 0.00(0.00%)

MAC 5.38 0.00(0.00%)

MMH 0.10 0.00(0.00%)

MTNGH 1.58 0.00(0.00%)

PBC 0.02 0.00(0.00%)

RBGH 0.48 0.00(0.00%)

SAMBA 0.55 0.00(0.00%)

SCB 19.25 0.00(0.00%)

SCBPREF 0.90 0.00(0.00%)

SIC 0.24 0.00(0.00%)

SOGEGH 1.57 0.00(0.00%)

TBL 0.82 0.00(0.00%)

TLW 11.92 0.00(0.00%)

TOTAL 9.50 0.00(0.00%)

UNIL 11.85 0.00(0.00%)

SIC Insurance Company Limited (SIC)