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SIC - SIC Insurance Company Limited

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SIC on Ghana Stock Exchange. Stock analysis for SIC Insurance Company Limited including share price chart, dividend and company profile.Stock summary for SIC on the 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.

SIC0.09 ▪ 0.00 (0%) 2 days ago
Last Trading ResultsGrowth & Valuation
Opening Price:0.09Earnings Per Share:0.02
Day's Low Price:--Price/Earning Ratio:4.50
Day's High Price:--Dividend Per Share:0.00
Traded Volume:49,800Dividend Yield:0%
Number of Deals:--Shares Outstanding:195.66m
Value/Turnover:--Market Capitalization:17.61m

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.

  1. Dr. Sydney Yayah Laryea
  2. Doris Awo Nkani (Mrs.)
    Managing Director
  3. Daniel Ofori
    Non-Executive Director
  4. Robert Afflah Sackey
  5. Fiifi Gyabra Forson
  6. Nancy Dakwa Ampofo
  7. Justice Benjamin Okai Tetteh
  8. Ato Pobee Ampiah
Factsheet of SIC Insurance Company Limited
Nonlife Insurance
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.

SymbolCompanyMkt. Cap.PriceChange
EGLEnterprise Group Limited319.44m2.40+0.00

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. Ghana Stock Exchange
  3. Malawi Stock Exchange
  4. Nairobi Securities Exchange
  5. Nigerian Stock Exchange
  6. Zimbabwe Stock Exchange

Comments (3)

  1. 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.
    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.

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

    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?

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