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 25th most valuable stock on the GSE with a market capitalization of GHS 48.9 million, which makes about 0.047% of the Ghana Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | |
| Day’s High Price | |
| Traded Volume | 100 |
| Number of Deals | |
| Gross Turnover | 25.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | 0.0655 |
| Price/Earning Ratio | 3.82 |
| Dividend Per Share | 0.0511 |
| Dividend Yield | 20.4% |
| Shares Outstanding | 196M |
| Market Capitalization | 48.9M |
SIC Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| 6MO | 1YR | YTD |
|---|---|---|
| +4.17% | +4.17% | +4.17% |
The current share price of SIC Insurance Company Limited (SIC) is GHS 0.25. SIC closed its last trading day (Thursday, November 7, 2024) at 0.25 GHS per share on the Ghana Stock Exchange (GSE). SIC began the year with a share price of 0.24 GHS and has since gained 4.17% on that price valuation, ranking it 16th on the GSE in terms of year-to-date performance.
SIC Insurance Company is the third most traded stock on the Ghana Stock Exchange over the past three months (Aug 12 - Nov 7, 2024). SIC has traded a total volume of 976,935 shares valued at GHS 244,234 over the period, with an average of 15,507 traded shares per session. A volume high of 341,496 was achieved on September 4th for the same period. The table below details the last 10 trading days of activity of SIC Insurance on the Ghana Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2024-11-07 | 100 | 0.25 | ||
| 2024-11-06 | 132 | 0.25 | ||
| 2024-11-05 | 1 | 0.25 | ||
| 2024-11-04 | 5 | 0.25 | ||
| 2024-11-01 | 2,000 | 0.25 | ||
| 2024-10-31 | 348 | 0.25 | ||
| 2024-10-30 | 682 | 0.25 | ||
| 2024-10-29 | 2,588 | 0.25 | ||
| 2024-10-28 | 117 | 0.25 | ||
| 2024-10-25 | 1,060 | 0.25 |
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
- Sector
- Financials
- Industry
- Insurance
- Address
- Nyemitei House, No. 28/29 Ring Road East, PO Box 2363, Accra, Ghana
- Telephone
- +233-302-780-600
- sicinfo@sic-gh.com
- Website
- www.sic-gh.com
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.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| GLD | NewGold ETF | 1.24B | 427.07 | +95.5% |
| GCB | GCB Bank Limited | 1.63B | 6.15 | +80.9% |
| ETI | Ecobank Transnational Incorporated | 5.29B | 0.22 | +46.7% |
| RBGH | Republic Bank Ghana Limited | 562M | 0.66 | +37.5% |
| SCB | Standard Chartered Bank Limited | 3.1B | 23.00 | +31.1% |
| ACCESS | Access Bank Ghana | 751M | 4.32 | +27.1% |
| EGH | Ecobank Ghana Limited | 1.97B | 6.10 | +10.9% |
| TBL | Trust Bank Gambia Limited | 166M | 0.83 | +1.22% |
| ADB | Agricultural Development Bank | 8.36B | 5.06 | |
| MAC | Mega African Capital Limited | 53.5M | 5.38 |
