African Stock Exchanges

SIC - SIC Insurance Company Limited

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SIC share price on Ghana Stock ExchangeSIC share price on Ghana Stock Exchange

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 24th most valuable stock on the GSE with a market capitalization of GHS 137 million, which makes about 0.101% of the Ghana Stock Exchange equity market.

SIC • 0.70 ▪ 0.00
Yesterday
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume1,700
Number of Deals
Gross Turnover1,190.00
Growth & Valuation
Earnings Per Share0.2882
Price/Earning Ratio2.43
Dividend Per Share0.00
Dividend Yield0%
Shares Outstanding196M
Market Capitalization137M
Monetary values are quoted in Ghana Cedi (GHS) unless otherwise stated

SIC Stock Market Performance

1WK4WK3MO
+16.7%+59.1%+159%
6MO1YRYTD
+180%+180%+159%

The current share price of SIC Insurance Company Limited (SIC) is GHS 0.70. SIC closed its last trading day (Wednesday, April 23, 2025) at 0.70 GHS per share on the Ghana Stock Exchange (GSE). SIC began the year with a share price of 0.27 GHS and has since gained 159% on that price valuation, ranking it third on the GSE in terms of year-to-date performance. Shareholders can be optimistic about SIC knowing the stock has accrued an outstanding 59% over the past four-week period alone—second best on GSE.

SIC Insurance Company is the 12th most traded stock on the Ghana Stock Exchange over the past three months (Jan 20 - Apr 23, 2025). SIC has traded a total volume of 345,033 shares valued at GHS 122,478 over the period, with an average of 5,477 traded shares per session. A volume high of 211,501 was achieved on February 6th for the same period. The table below details the last 10 trading days of activity of SIC Insurance on the Ghana Stock Exchange.

DateVolumeCloseChangeChange%
2025-04-231,7000.70
2025-04-226,1430.70+0.04+6.06%
2025-04-17200.66
2025-04-165,0000.66+0.06+10.00%
2025-04-14400.60
2025-04-113,5000.60+0.05+9.09%
2025-04-094300.55
2025-04-082500.55
2025-04-0745,5000.55+0.05+10.00%
2025-04-0460.50

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

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.

CodeNameM. Cap.CloseYTD
ETIEcobank Transnational Incorporated20.9B0.87+181%
CALCalBank Plc746M0.69+97.1%
ACCESSAccess Bank Ghana1.59B9.12+75.4%
EGLEnterprise Group Limited453M2.65+33.8%
GLDNewGold ETF1.42B489.62+25.4%
GCBGCB Bank Limited1.94B7.31+14.8%
SCBStandard Chartered Bank Limited3.53B26.16+13.7%
TBLTrust Bank Gambia Limited182M0.91+9.64%
SOGEGHSociete Generale Ghana Limited1.13B1.60+6.67%
EGHEcobank Ghana Limited2.16B6.71+3.23%

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

Comments

  1. Philip Ayizem DalinjongPhilip Ayizem Dalinjong
    Oct 2, 2022 13:00 GMT

    I have bought shares from SIC in 2007, but changed my work place in 2008. Since then I have not received any dividend payment notice or any information regarding my shares. I will be grateful if I can get with regards to dividend and shares.
    Thank you

  2. S.A. ABANKWAHS.A. ABANKWAH
    Oct 10, 2021 20:01 GMT

    I BOUGHT SOME SHARES FROM SIC THROUGH THE GCB DURING THE PUBLIC OFFERING IN 2007. SINCE THEN I HAVE MOVED FROM MY PREVIOUS PLACE OF STAY. I HAVE NEVER RECEIVED ANY DIVIDEND, NO CERTIFICATE, NO COMMUNICATIONS. HOW DO I TRACE THESE SHARES?

  3. Francis sackeyFrancis sackey
    Mar 31, 2021 14:03 GMT

    I bought SIC ord shares in 2007. Two years along the line i travelled. I have not recieved any of my dividend. I went to my brokers for complaints with my reciept and cert. but was told cheque might have been sent to my mail box. Per on purching day my bank a/c was given how then mailed cheque, assuming it's true. How can i get my 14 yrs unpaid dividend. Pls advise!

    1. DansoDanso
      Apr 2, 2021 02:34 GMT

      You should be hot on the case! If the bank says the cheques have been cleared let them produce evidence to that effect. Bank of Ghana mandates banks to keep such records for a long time. Also require proof that the cheques were sent and delivered to your address. And make sure there is nobody somewhere in between who may have made off with the money due to your absence. All the best brother..

  4. JENNIFER ACKORJENNIFER ACKOR
    May 24, 2019 08:44 GMT

    When is the 2019 agm coming on.

    1. Seth AmpomahSeth Ampomah
      May 24, 2019 12:44 GMT

      The date for SIC 2019 Annual General Meeting (AGM) is yet to be determined. Typically, it is announced not more than a month before it happens which usually occurs somewhere between July and October.

  5. FRANCIS BAFFOEFRANCIS BAFFOE
    May 14, 2019 18:47 GMT

    PLEASE WHEN IS 2019 AGM

  6. Aaron AndohAaron Andoh
    Dec 29, 2018 09:21 GMT

    How do I purchase SIC Shares? Which broker should I contact?

  7. Emmanuel Ansah-AntwiEmmanuel Ansah-Antwi
    Nov 30, 2018 12:27 GMT

    Since the the issuing of the SIC IPO, I bought 1000 shares from SAS financial company. I do not receive any information from them with regards to AGM, dividends payment et. cetera. Meanwhile, I know the company has been been paying annual dividends. What is going on?

  8. Rita Kusi-AppiahRita Kusi-Appiah
    Apr 22, 2018 11:03 GMT

    I bought SIC shares in 2007 at the Ghana Commercial Bank. I have been receiving any dividends. I have been out of Ghana for sometime but I have the whole receipt. How do I make a contact to follow my dividends?

    1. STEPHANIESTEPHANIE
      May 22, 2018 16:17 GMT

      Rita, You can contact SIC-Financial Services, they should be able to assist you.

  9. Solomon MakuiSolomon Makui
    Oct 3, 2016 17:17 GMT

    Question:
    I have bought three shares namely GCB, SIC and FANMILK through calbroker.
    I have been reading news papers, listening to Business news but I have not had the chance to communicate with any broker as to further feedback to what I should do.
    How do I get connected to my broker for information or advice?

  10. Solomon MakuiSolomon Makui
    Oct 3, 2016 17:03 GMT

    I have bought SIC shares for the past one or two months and looking at their previous track records, I have not regret of being part of the SIC shareholder.
    Question:
    Is it possible to have my name published as shareholder?

    1. Michael KwayisiMichael Kwayisi
      Oct 3, 2016 21:57 GMT

      Well, SIC as a company doesn't publicly publish a list of all their shareholders because it's quite impractical to do so since there are so many of them. They however publish the 20 largest shareholders in their annual reports in which only two individuals appear. BTW, you'd need at least 1,060,000 shares to make the list.

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