SIC - SIC Insurance Company Limited
SIC Insurance Company Limited, one of the oldest non-life (general business) insurance companies in Ghana, was incorporated in February 1962 as State Insurance Corporation. Still, the company traces its roots to 1955 when Gold Coast Insurance Company (renamed Ghana Insurance Company in 1957) was established. On August 28, 1995, the corporation was converted into a Public Limited Liability Company and renamed State Insurance Company of Ghana Limited. In 2007, the then sole shareholder, Government of Ghana, offered 60% of the shares to the public. As of December 31, 2010, the company's assets totaled GHS 137.44 million with an annual gross premium of GHS 64.04 million. SIC is currently expanding its operations across the West African sub-region.
SIC Insurance Company Limited is listed on the Ghana Stock Exchange (GSE). SIC is traded on the GSE under the ticker symbol “SIC”. The International Securities Identification Number (ISIN) of GSE:SIC is GH0000000730. SIC Insurance Company Limited is currently the 23rd most valuable stock on the GSE with a market capitalization of GHS 60.6 million, which makes about 0.089% of the Ghana Stock Exchange equity market.
|Last Trading Results|
|Day’s Low Price|
|Day’s High Price|
|Number of Deals|
|Growth & Valuation|
|Earnings Per Share||0.0535|
|Dividend Per Share||0.00|
SIC Stock Market Performance
The current share price of SIC Insurance Company Limited (SIC) is GHS 0.31. SIC closed its last trading day (Friday, March 24, 2023) at 0.31 GHS per share on the Ghana Stock Exchange (GSE).
SIC Insurance Company is the seventh most traded stock on the Ghana Stock Exchange over the past three months (Dec 21, 2022 - Mar 24, 2023). SIC has traded a total volume of 378,564 shares valued at GHS 117,344 over the period, with an average of 6,009 traded shares per session. A volume high of 316,352 was achieved on February 2nd for the same period. The table below details the last 10 trading days of activity of SIC Insurance on the Ghana Stock Exchange.
Profile of SIC Insurance Company Limited
SIC Insurance Company Limited operates in the Financials sector, specifically, the Insurance industry.
Factsheet of SIC Insurance Company Limited
- Nyemitei House, No. 28/29 Ring Road East, PO Box 2363, Accra, Ghana
SIC Industrial Market Competitors
SIC Insurance Company Limited, issuers of the SIC stock on the Ghana Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Insurance industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
|ETI||Ecobank Transnational Incorporated||3.61B||0.15|
|ADB||Agricultural Development Bank||1.76B||5.06|
|RBGH||Republic Bank Ghana Limited||460M||0.54|
|TBL||Trust Bank Gambia Limited||160M||0.80|
|MAC||Mega African Capital Limited||53.5M||5.38|
|SCBPREF||Stanchart Preferential Shares||15.7M||0.90|
|POP||Pesewa One Plc||3.4M||0.68|
|ACCESS||Access Bank Ghana||696M||4.00||-0.25%|
|EGL||Enterprise Group Limited||513M||3.00||-6.25%|