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.
|Last Trading Results||Growth & Valuation|
|Opening Price:||0.09||Earnings Per Share:||0.02|
|Day's Low Price:||--||Price/Earning Ratio:||4.50|
|Day's High Price:||--||Dividend Per Share:||0.00|
|Traded Volume:||49,800||Dividend Yield:||0%|
|Number of Deals:||--||Shares Outstanding:||195.66m|
Monetary values are quoted in Ghana Cedis (GHS) unless otherwise stated
SIC Market Performance
SIC currently ranks 21st on the Ghana Stock Exchange in terms of returns to investors with a year-to-date loss of 25%. Following SIC are HFC (-30.67%), PBC (-33.33%), and SPL (-33.33%). Shareholders were also disgusted that they had gained nothing at all on their investments when dividends were last announced by SIC Insurance Company Limited. Below is the historical trading trend of SIC, covering up to the last 10 trading sessions of activity.
Profile of SIC Insurance Company Limited
SIC Insurance Company Limited operates in the Financials sector, specifically, the Nonlife Insurance industry—according to the reverse Industry Classification Benchmark (ICB) taxonomy. The company's board of directors is composed of eight members whose names are listed below.
- Dr. Sydney Yayah Laryea
- Doris Awo Nkani (Mrs.)
- Daniel Ofori
- Robert Afflah Sackey
- Fiifi Gyabra Forson
- Nancy Dakwa Ampofo
- Justice Benjamin Okai Tetteh
- Ato Pobee Ampiah
|Factsheet of SIC Insurance Company Limited|
Nyemitei House, No. 28/29 Ring Road East, PO Box 2363, Accra, Ghana
+233 (302) 780 600
+233 (302) 780 615
Industrial Stock Market Competitors
SIC Insurance Company Limited, issuers of the SIC stock on the Ghana Stock Exchange, have one market competitor who is also engaged in the Financials/Nonlife Insurance industry. The table below gives you an overview of their market standing.